Company News
Director dealings: Canal+ directors invest, Ascent CEO's company sells out
Two significant director share transactions disclosed to the London market on Tuesday involved Canal+ and Ascent Resources.
Electric Guitar becomes cash shell as subsidiary enters liquidation
Electric Guitar confirmed on Tuesday that 3radical, previously its primary operating subsidiary, had entered creditors’ voluntary liquidation following shareholder and creditor approval on 23 December.
Ithaca Energy shares rise on Jocelyn South drilling results
Ithaca Energy shares were in the green on Tuesday, after it noted that exploration drilling at the Jocelyn South prospect in Block 30/07a of the Central North Sea had confirmed the presence of hydrocarbons.
Logistics Development redeems £10m investment, plans tender offer
Investing company Logistics Development Group announced the redemption of its £10m investment in Nash Squared's loan notes on Tuesday, following the disposal of the NashTech division by the Power of Talent Midco.
Mosman's Colarado asset hit by delays
UK-listed shares of Mosman fell on Tuesday after the oil and gas outfit revealed that drilling had not yet started on a part-owned project in Colarado, US.
Vistry shares tank as investors deliver Xmas no, no, no
Santa won’t be visiting Vistry shareholders this Christmas after the house builder issued its third consecutive profits warning on Tuesday, with the shares taking as a result.
Roadside Real Estate swings to full-year profit
Roadside Real Estate reported a profit after tax of £43. 2m in its final results on Tuesday, a significant swing from the prior year’s £10. 2m loss, largely driven by discontinued operations, including a £41m non-cash gain from the partial sale of Cambridge Sleep Sciences (CSS).
Safestore JV buys Italy’s EasyBox for €175m
Self-storage group Safestore said on Tuesday that it has entered into a 50/50 joint venture with Nuveen Real Estate to acquire Easybox, Italy's second largest self-storage operator by number of stores, for €175m.
Cohort acquisition of EM Solutions pushed back to February
Technology specialist Cohort announced a revised timeline for its acquisition of EM Solutions, a subsidiary of Australia's Electro Optic Systems Holdings, on Tuesday.
Gemfields says operations could be hit by Mozambique unrest
Gemfields said on Tuesday that there could be interruptions to its mining operations in Mozambique due to civil unrest.
Mindflair raises £0.49m through share placing
Next-generation artificial intelligence specialist Mindflair announced on Tuesday that it has raised £0. 49m through a share placing.
Power Metal deal to buy into GSAe reaches second phase
Power Metal Resources updated the market on its agreement to acquire a 75% stake in GSA Environmental (GSAe) on Tuesday - an engineering technology firm specialising in industrial waste remediation and metal extraction.
Kooth unveils new US contract and share buyback
Shares in Kooth jumped on Tuesday after the youth digital mental healthcare company announced a new $1. 5m pilot contract in the US and a £1. 5m share buyback plan.
Harworth finally completes sale of Ansty land site
Harworth Group, a UK-based specialist in regenerating land for sustainable development, announced the completion of the £53. 5m sale of its 278-acre strategic land site in Ansty, Warwickshire, to Rugbyalpha Freeholdco on Tuesday.
Weiss Korea reports 'good progress' with strategic review
Weiss Korea Opportunity Fund reported “good progress” in its ongoing strategic review on Tuesday, following its last update on 4 November.
Windward shares soar on £216m takeover offer
Israeli maritime tech group Windward has received a £216m takeover offer from a US private equity firm that has been unanimously recommended by its directors, causing shares to soar early on Tuesday.
AstraZeneca pulls EU application for cancer drug
AstraZeneca has pulled its European marketing authorisation application for its non-small cell lung cancer treatment based on the results of a phase III trial.
Helium One reports progress at Galactica-Pegasus
Helium One Global updated the market on its Galactica-Pegasus helium development project in Colorado’s Las Animas County on Monday, where it holds a 50% working interest.
XLMedia announces board changes ahead of planned liquidation
XLMedia announced a series of board changes on Monday, as it progressed toward a planned liquidation following the sale of substantially all of its assets.
Nordstrom family to take retailer private in $6.25bn deal
American department-store chain Nordstrom on Monday announced a deal to sell the company back to its founding family and Mexican peer El Puerto de Liverpool.