News And Announcements
Google to appeal $75m Turkish fine for breach of competition law
Alphabet's Google said it would be appealing against a 2. 61 billion lira ($75m) fine by Turkey's competition authority over for taking advantage of its dominant position in the ad server services market, the regulator said on Friday.
Roadside Real Estate JV to acquire Brampton Hut services
Roadside Real Estate announced that its joint venture with Meadow Real Estate Fund VI LP, Roadside Retail, has signed an agreement to acquire Brampton Hut services at the junction of the A14 and A1 near Huntingdon, Cambridgeshire.
Versarien subsidiary awarded EUR 0.8m grant
Advanced engineering materials group Versarien announced that its 90%-owned subsidiary Gnanomat has been awarded a €0. 8m grant to support a two-year project focused on next-generation energy storage devices.
Kazera subsidiary WHM inks deal with Fujax South Africa
Kazera Global announced on Friday that its subsidiary, Whale Head Minerals (WHM) has entered into a sales and offtake agreement with Fujax South Africa, a subsidiary of Fujax Group, for the sale of heavy mineral sands (HMS) production.
UK govt cuts NatWest stake to just under 10%
The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership.
Rentokil rallies as Trian buys £31m worth of shares
Rentokil Initial rallied on Friday after activist investor Nelson Peltz’s Trian Fund Management bought 7. 5m shares in the pest control company for £31m.
Electric Guitar's sole operating subsidiary to enter liquidation
Electric Guitar announced on Friday that its primary operating subsidiary 3radical was set to enter creditors' voluntary liquidation (CVL) after failing to secure a buyer for its business as a going concern.
Kosmos in 'very preliminary' talks over Tullow takeover
US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
TT Electronics confident of financial framework after Volex abandons takeover talks
Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Orosur Mining reports positive drill results from Anza Project
Orosur Mining reported positive drill results from its ongoing exploration at the Anzá Project in Colombia on Friday, which is now wholly owned by the company following its recent acquisition of all shares from former joint venture partner Minera Monte Aguila.
Helium One announces delay to drilling at Galactica
Helium One Global, a helium exploration company with a 50% stake in the Galactica-Pegasus helium development project in Las Animas County, Colorado, announced a delay to the start of drilling at the Galactica site due to adverse weather conditions.
XXL to go ahead with rights issue as Frasers bid unlikely to succeed
Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley’s Frasers Group’s was unlikely to succeed.
Impax shares slide as it loses sole SJP mandate
Shares in Impax Asset Management were sliding on Friday, after it announced the upcoming termination of its mandate to manage the Sustainable & Responsible Equity Fund (SRE) for St James's Place Unit Trust Group (SJP).
Hutchmed to receive $10m milestone payment from partner Takeda
Hutchmed China announced on Friday that it would receive a $10m milestone payment from its partner Takeda, following a national reimbursement recommendation for ‘Fruzaqla’, or fruquintinib, in Spain.
Boohoo urges shareholders to vote against Mike Ashley board appointment
Boohoo’s board responded to the latest chapter in its dispute with Frasers Group on Friday, opposing the latter’s desired board appointments, citing what it called “irreconcilable conflicts of interest” and accusing Frasers of selectively addressing governance requirements.
German exports fall by more than expected 2.8% in October
German exports in October fell by a more-than-expected 2. 8% and imports dropped 0. 1% month on month on a seasonally adjusted basis, according to official data published on Friday.
Chapel Down appoints new CEO as CFO steps down
Chapel Down Group announced the appointment of James Pennefather as its new chief executive officer on Friday, effective 1 February.
Royal Mail fined £10.5m for missing delivery targets
Royal Mail has been fined £10. 5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.
GCM Resources extends MoU with PowerChina
GCM Resources announced a 12-month extension of its memorandum of understanding (MoU) with PowerChina on Friday, over the development of the Phulbari coal mine in Bangladesh.
Schroders reportedly looking to offload Indonesian unit
UK-based asset manager Schroders is reportedly looking to sell its Indonesian business as it considers exiting some sub-scale markets under new boss Richard Oldfield.