News And Announcements
Oncimmune Holdings announces major recapitalisation
Oncimmune Holdings, an autoantibody profiling specialist, announced a major recapitalisation to fuel its next growth phase on Friday.
Very Group made recent offer for N Brown - reports
Online shopping firm Very Group was reported on Friday to have made a recent bid to acquire N Brown, the owner of fashion brands Simply Be and Jacamo, at a price lower than the 40p-per-share offer proposed by Joshua Alliance.
Frasers backs N Brown takeover as it ups pursuit of Mulberry
Mike Ashley’s Frasers Group confirmed it was backing the £191m takeover of N Brown on Friday, as it continued its pursuit of luxury handbag brand Mulberry.
Red Rock Resources reports progress in Cote d'Ivoire
Red Rock Resources, a natural resource development company with interests in gold and base metals across Africa and Australia, updated the market on its exploration activities in Côte d'Ivoire on Friday.
Bushveld offloads Lemur interest after DBSA approval
Bushveld Minerals announced the completion of the disposal of its interest in Lemur Holdings on Friday, following approval from the Development Bank of South Africa (DBSA).
3i Group picks bankers to sell pet food maker MPM - report
Listed private equity firm 3i Group has reportedly picked bankers to sell the pet food manufacturer behind leading brands such as Applaws.
Kooth slides on Pennsylvania contract uncertainty
AIM-listed Kooth slumped on Friday after saying it had received a communication from the state of Pennsylvania regarding the right to terminate its first pilot contract.
Ondine Biomedical gets UAE approval for Steriwave
Ondine Biomedical announced on Friday that it has received regulatory approval to market its ‘Steriwave’ nasal decolonisation technology in the United Arab Emirates.
BP considering sale of minority stake in offshore wind business - report
BP is reportedly considering selling a minority stake in its offshore wind business, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
Trinity Exploration reports fall in sales volumes
Trinity Exploration & Production updated the market on progress in its third quarter on Friday, highlighting a decline in sales volumes, which averaged 2,471 barrels of oil per day, down from 2,705 daily barrels in the third quarter of last year, and 2,522 barrels per day in this year’s second quarter.
Cambridge Cognition ex-CEO resigns as director
Cambridge Cognition, a provider of digital solutions for assessing brain health, announced the formal resignation of Dr Matthew Stork as a director of the company and its subsidiaries on Friday.
MicroSalt reiterates progress after share price surge
MicroSalt responded to a significant rise in its share price on Friday, confirming that there was no new trading or operational update beyond the information it provided in its interim results in late September.
Begbies Traynor says record number of UK firms in 'significant' distress
Begbies Traynor's latest ‘Red Flag Alert’ report, released on Friday, revealed a record number of UK businesses experiencing 'significant' financial distress, with 632,756 companies affected in the third quarter.
Rockhopper secures extensions to Falkland Islands licences
Rockhopper Exploration announced on Friday that the Falkland Islands Government (FIG) had agreed to extend all of its petroleum production licences in both the North and South Falkland Basins.
Fonix maintains expectations amid Irish regulatory uncertainty
Fonix updated the market on its operations in the Republic of Ireland on Friday, ahead of an expected regulatory change.
Iofina crystalline iodine production grows in Q3
Chemicals business Iofina said on Friday that it had produced 168. 9 metric tonnes of crystalline iodine from its six IOsorb plants in Western Oklahoma during Q3, up from 156. 9mt a year earlier.
Cloudcoco agrees £0.25m sale of Connect subsidiary
Cloudcoco Group announced the conditional sale of its subsidiary Cloudcoco Connect on Friday, to the BE Company, for £0. 25m in cash.
Gore Street Energy Storage secures 12-year contract for Big Rock
Gore Street Energy Storage Fund announced on Friday that it has secured a 12-year fixed-price resource adequacy (RA) contract for its California-based asset, Big Rock, with Goldman Sachs subsidiary J Aron & Company.
Volvo foresees flat truck markets next year as Q3 results miss estimates
Swedish automaker Volvo said it is expected flat truck and construction equipment markets next year due to "some uncertainty" about the macroeconomic environment.
Boohoo launches strategic review as CEO steps down
The boss of Boohoo Group is to step down, the struggling retailer announced on Friday, as it posted a slump in half-year sales and launched a review of the business that could potentially see it broken up.