Latest News
Heidi Alexander quits as Labour MP to take London deputy mayor role
Labour MP Heidi Alexander will quit the House of Commons this summer to become Sadiq Khan’s deputy mayor for transport after Val Shawcross on Tuesday announced her intention to retire from the role.
Nanoco to receive £1.8m milestone payment from US partner
Nanoco said on Tuesday that it will receive a £1. 8m payment from its undisclosed US-listed partner following the recent completion of an important milestone in the material development and supply agreement announced in February.
UK business output fluctuates but firms remain optimistic, says BDO
The BDO’s Output Index, which measures UK businesses' levels of production, fell from a reading of 100. 5 for February to 99. 97 in March, pulling the indicator below its long-term trend level of 100.
Boris Johnson slams PM's 'crazy' post-Brexit customs plans
Boris Johnson has branded the government’s plans for a post-Brexit ‘customs partnership’ arrangement as "crazy".
US open: Stocks open lower ahead of Trump's Iran announcement
Wall Street trading started on a slightly weaker note on Tuesday as investors awaited an announcement from Donald Trump regarding his position on the Iran nuclear deal.
US job openings jump in March
In a possible positive signal on the health of the US jobs market, the number of job openings shot higher again in March.
Benchmark Holdings appoints Peter George as chairman
AIM-listed biotech company Benchmark Holdings has appointed Peter George as chairman with immediate effect, replacing Alex Hambro, whose retirement was announced back in January.
FTSE 250 movers: Virgin rallies on CYBG approach; FirstGroup tanks
London's FTSE 250 was up 0. 8% to 20,579. 00 in afternoon trade on Tuesday, as traders returned to their desks after the Bank Holiday weekend.
Tekcapital to deliver university start-up programme in Chile
Intellectual property investment group Tekcapital announced on Tuesday that it will be delivering an “advanced technology commercialisation” and university start-up training programme in Santiago, Chile in May.
Wey Education makes decent progress in first half
Wey Education published its interim results for the six months ended 28 February on Tuesday, reporting a 44% improvement in turnover to £1. 74m, which included a contribution of £0. 25m from Academy 21.
Capital Economics expects higher metals output and Fed hiking to weigh on silver
Given that most silver is a by-product of mining for copper, gold, zinc and lead, analysts at Capital Economics believe that higher prices for industrial metals will see silver output bounce back by 3% in 2018 after a fall of 4% in 2017.
Second Niger well spuds for Savannah
Savannah Petroleum announced on Tuesday that the second well in its three-well Niger drilling campaign, Amdigh-1, was spudded on 6 May.
Empyrean gets good news from Dempsey 1-15 well
Oil and gas development company Empyrean Energy has been informed by Sacgasco, the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that flow-testing of the Dempsey 1-15 well from the field level Kione Zone has produced a commercial gas flow rate of one million cubic feet of gas.
AstraZeneca offloads Seroquel rights for $538m, gets Lynparza green light
AstraZeneca has agreed a $538m deal to license-out the sale of its Seroquel schizophrenia and bipolar treatment and separately has been boosted by an approval of its Lynparza cancer treatment from European regulators.
Transense gets tyre sensors onto more West African mining trucks
Sensor systems provider Transense Technologies announced on Tuesday that its tyre management trading division Translogik has won a contract through its Ghanaian partner WATS, to supply 16 iTrack II mining tyre monitoring systems for large haul trucks at SOMITA, a Nordgold mine in Burkina Faso.
German industrial production edges past forecasts on strength in capital goods
Industrial output in the euro area's largest economy edged past economists' forecasts in March, led by a stronger production of capital goods, but stagnated quarter-on-quarter.
Omega gets CE-mark on two more allergens
Medical diagnostics company Omega has CE-marked two additional allergens, it announced on Tuesday, extending its menu to 53 allergens which could be run on the fully automated IDS Instrument.
Duke Royalty upbeat ahead of annual adjustments
Alternative capital provider Duke Royalty updated the market on the financial results shown by its initial two royalty partners on Tuesday, ahead of upcoming adjustments for two of its royalty distributions, to be determined for the upcoming year within the next two months.
Autolus's US IPO plan provides boost for Woodford
Autolus Therapeutics has registered to float its shares in the US to raise up to $100m (£74m) in a fillip for struggling star investor Neil Woodford.
BAE wins contract to fire up precision-guided munitions for US
British multinational defence, security, and aerospace giant BAE Systems has been awarded a $13. 1m contract to demonstrate a new, cost-effective optical 'seeker' for the US Defense Advanced Research Projects Agency's (DARPA) precision-guided munitions.