News And Announcements
NewRiver REIT agrees terms for possible purchase of Capital & Regional
NewRiver REIT reached a potential agreement to acquire Capital & Regional in a cash and share transaction.
Post Office boss Nick Read to step down next year
The chief executive officer of Post Office, Nick Read, is to step down after five years on the job, the state-owned postal company announced on Wednesday.
Meyer Burger to slash workforce, shares fall
Shares in Meyer Burger fell sharply on Wednesday after the solar panel manufacturer announced plans to axe around a fifth of its workforce and shake up management, including replacing its chief executive.
AFC Energy launches Hymatec ammonia cracking subsidiary
AFC Energy, a provider of hydrogen power generation technologies, announced the launch of Hyamtec on Wednesday - a wholly-owned subsidiary established to commercialise the company's next-generation distributed ammonia cracking technology.
Guardian Metal announces Pilot Mountain assay results
Guardian Metal announced significant assay results from the first diamond core drill hole of its ongoing exploration campaign at the Pilot Mountain Project in Nevada on Wednesday.
GSK settles two Zantac cases in California
GSK announced on Wednesday that it has reached confidential settlements in two lawsuits filed in California State Court related to its discontinued heartburn medication, ‘Zantac’, or ranitidine.
Tightlipped Games Workshop says trading in line
In one of the shortest trading statements ever, Warhammer maker Games Workshop on Wednesday said trading for the three months to September 1 had been in line with expectations.
General Mills underwhelms with Q1 results as profits fall
Shares in General Mills were falling in pre-market trade on Wednesday despite the American processed foods giant reiterating its full-year targets, as the company reported a decline in sales and profits in its first quarter.
TGI Fridays franchise owner Hostmore to call in administrators
Hostmore, which owns the UK franchise of TGI Fridays, said on Wednesday that it was filing for administration.
ValiRx subsidiary inks agreement with research firm Xenopat
London-based life science company ValiRx has announced that its wholly-owned subsidiary, Inaphaea BioLabs, has entered into an evaluation and commercial use agreement with Spanish contract research organisation Xenopat.
EU overturns €1.5bn antitrust fine for Google
The European Union has overturned a five-year-old €1. 5bn antitrust fine for Google after a challenge from the American tech giant, the region's second-highest court announced on Wednesday.
Transense chosen as key partner on UK EV development programme
Automotive and aerospace sensor technology specialist Transense Technologies announced on Wednesday that it has been chosen as a key partner in an ambitious £11m electric vehicle (EV) research and development programme.
End of summer weighs on supermarket sales
Sales growth across the UK’s grocery sector slowed over the last month, industry data showed on Wednesday, as shopping habits returned to normal after the long summer break.
88 Energy announces increased resource at Project Phoenix
88 Energy reported a major milestone at Project Phoenix in Alaska on Wednesday, announcing a significant increase in contingent resources independently verified by ERCE Australia.
Strix reports decent first half but warns of Q3 weakness
Kettle control and water filtration technology specialist Strix Group reported adjusted revenue of £67. 2m for its first half on Wednesday, marking a 3. 5% increase at constant exchange rates, though it warned of a weaker third-quarter performance.
LBG Media reports solid first-half growth
Young adult-focussed digital entertainment company LBG Media reported a 55% increase in total first-half group revenue on Wednesday, to £42. 3m, up from £27. 3m in the same period last year.
Legal & General sells Cala Group for £1.35bn
Legal & General said it had sold UK house builder Cala for £1. 35bn to its former joint venture partner Patron Capital and investment group Sixth Street Partners as it looks to focus on its main businesses.
Mohsin Issa vacates executive role at Asda
Supermarket chain Asda announced on Wednesday that co-owner Mohsin Issa was stepping back from his executive leadership role to dedicate more time to his position as the sole chief executive officer of petrol station operator EG Group.
Advanced Medical Solutions jumps on takeover speculation as H1 profits rise
Shares in Advanced Medical Solutions jumped on Wednesday after the tissue-healing technologies specialist announced its interim results amid speculation that a private equity firm is circling the company.
Interim profits spark at M&C Saatchi
M&C Saatchi posted a jump in first-half profits on Wednesday, boosted by an uptick in client spending, leaving it on course to meet full-year guidance.