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Marketing AI deployment drives revenue at Albert Technologies
Albert Technologies issued its results for the six months ended 30 June on Monday, reporting continued progress in deploying its artificial intelligence marketing platform ‘Albert’ as a software-as-a-service (SaaS) product for brands and agencies during the period.
Irish boardroom pro Danny Kitchen to chair Sirius Real Estate
Germany-focussed branded business parks operator Sirius Real Estate announced the appointment of Daniel ‘Danny’ Kitchen to its board as non-executive chairman with immediate effect on Monday.
Tech veteran Kispert to chair Allied Minds subsidiary
Allied Minds announced on Monday that its subsidiary, Spin Transfer Technologies, had appointed John Kispert as the independent chairman of its board of directors.
Ceres Power confirms £9m investment from Bosch
Ceres Power Holdings confirmed on Monday that, further to its announcement on 21 August, 5,973,660 new ordinary shares have been allotted to Robert Bosch at the then-agreed subscription price of 150. 8p, and were expected to be admitted to trading on AIM on 25 September.
Instem breaks even after jump in orders
Life sciences software company Instem saw its shares climb on Monday after swinging to a first-half profit on the back of impressive order growth.
Syncona cheers positive test results for investee Nightstar Therapeutics
Healthcare investment company Syncona updated the market on its portfolio company Nightstar Therapeutics on Monday, which reported positive proof-of-concept data from the dose escalation study in the XIRIUS trial for NSR-RPGR in XLRP patients.
China refuses trade talks with US as new tariffs kick in
China has refused to continue trade negotiations with the US until President Donald Trump stops threatening further tariffs.
German business sentiment proves resilient in September - Ifo
Business confidence in Germany deteriorated less than expected in September, according to a survey released by the Ifo Institute on Monday.
London open: Stocks edge lower but Sky bucks trend on Comcast deal
London stocks edged lower in early trade on Monday as fresh US-China trade tariffs kicked in, but Sky bucked the trend after Comcast outbid Fox for the broadcaster.
Carrefour denies takeover talks with rival Casino
French supermarket group Carrefour has denied making an approach to Casino after its rival said it had been contacted about a possible combination.
Pennon Group pleased with performance ahead of half-year results
Environmental infrastructure company Pennon Group updated the market ahead of its half-year results to 30 September on Monday, reporting that its South West Water business had continued to deliver a “strong” operational and financial performance, with a focus on efficiency and customer service.
Tullow Oil plugs and abandons Namibia exploration well
Tullow Oil announced on Monday that the Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, had encountered non-commercial hydrocarbons, with the well now being plugged and abandoned.
Richard Mully to succeed Martin Scicluna as Great Portland Estates chair
Great Portland Estates announced the appointment of Richard Mully as non-executive chairman on Monday, with effect from 1 February.
AstraZeneca reveals positive results from Farxiga cardiovascular trial
AstraZeneca announced positive results from the phase III DECLARE-TIMI 58 cardiovascular outcomes trial for ‘Farxiga’ dapagliflozin, which it said was the broadest SGLT2 inhibitor cardiovascular outcome trial conducted to date.
Major gas discovery off West Shetlands for Total, Ineos, SSE
The exploration arm of French energy giant Total has unearthed a major gas discovery at its Glendronach site among the West Shetland islands, also giving a boost to UK partners Ineos and SSE, which each own 20%.
Drax in talks to buy assets from Iberdrola
Drax confirmed on Monday that it is in talks with Spain’s Iberdrola about the potential acquisition of a UK portfolio of pumped storage, renewable hydro and gas-fired generation assets.
Sky urges shareholders to accept Comcast offer, Randgold to merge with Canadian rival Barrick
London open The FTSE 100 is expected to open 19 points lower on Monday, having closed up 1. 67% at 7,490. 23 on Friday.
London pre-open: Stocks seen lower amid trade worries; Comcast outbids Fox for Sky
London stocks were set for a weaker open on Monday as worries about trade resurface.
Monday newspaper round-up: Danske Bank, River Island, Sky, Drax
US firms are taking advantage of the cheap pound to snap up some of Britain’s most successful businesses at bargain prices, according to the latest mergers and acquisitions data. The value of deals involving US companies buying UK businesses more than doubled to £79bn in 2017-18 from £36. 8bn in the previous year. The low value of sterling, which last week slumped to $1. 30 in the wake of Theresa May’s post-Salzburg statement, has given American buying power a boost and allowed US firms to outbid rivals.