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SIMEC Atlantis signs EUR 1m grant agreement
Sustainable energy generation company and technology developer SIMEC Atlantis has signed a grant agreement with EASME for €1m, to support its turbine development programme, it announced on Wednesday.
Faroe confirms commencement of Cassidy well
Independent oil and gas company Faroe Petroleum announced the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea on Wednesday, where it has a 15% working interest.
Barclays downgrades Glaxo on Tesaro acquisition
Barclays has cut GlaxoSmithKline to 'equalweight' from 'overweight' and trimmed the price target to 1,600p from 1,750p after the pharmaceuticals giant announced earlier in the week that it was selling its Horlicks business and other consumer health brands to Unilever for £3bn and buying US drug company Tesaro for $5. 1bn.
Regal Petroleum reports mixed news from Vasyschevskoye
Oil and gas exploration and production group Regal Petroleum announced further testing results of the VAS-10 well located at its Vasyschevskoye (VAS) gas and condensate field in Ukraine on Wednesday.
Mereo BioPharma proposes merger with US-listed OncoMed
Bosses of AIM-listed rare disease company Mereo BioPharma and Nasdaq-listed OncoMed Pharmaceuticals have agreed a merger deal that would .
Europe midday: Stocks track losses overnight on Wall Street
Stocks on the Continent remain under selling pressure come midday although losses are but a fraction of those seen on Wall Street overnight as China sounded a positive note on the likelihood of being able to reach a trade deal with the US.
BT reportedly removing Huawei gear from mobile networks
BT is stripping Huawei equipment from its existing 3G and 4G mobile network, according to reports on Wednesday, with the company saying it was not going to use equipment from the Chinese manufacturer in its next-generation 5G network.
Asia report: Markets follow Wall Street onto downward slope
Markets in Asia were in negative territory at their respective closes on Wednesday, after rising concerns about a possible global slowdown and ever-present trade tensions fuelled a red Tuesday on Wall Street overnight.
Shield Therapeutics' Feraccru treatment launched in UK
Shield Therapeutics’ treatment for iron deficiency in adults, Feraccru, was launched in the UK on Wednesday by specialist pharmaceutical company Norgine.
Eco Atlantic Oil & Gas to commence drilling offshore Guyana in 2019
Eco Atlantic Oil & Gas confirmed on Wednesday that it will drill its first Guyanese exploration well at the Jethro-Lobe offshore prospect as part of its 2019 programme.
Markets gear up for Opec cut ahead of 'make-or-break' meeting with Russia
Opec is expected to cut production by more than 1m barrels per day when it meets in Vienna on Thursday, providing some respite for under-pressure oil prices.
Image Scan swings to a loss following aborted acquisition
Image Scan swung to a loss in its last trading year, mostly due to costs associated with its aborted acquisition of Todd Research in 2017.
FIH Group acquires East London industrial estate
British conglomerate FIH Group has purchased a 2. 5-acre industrial estate in Leyton to provide its Momart subsidiary with long-term security of tenure.
Tricorn dives as chairman sees growth 'slowing'
Tricorn saw its shares drop on Wednesday as it warned of a slowdown in some end markets despite reporting a “significant increase” in interim profits.
Panther Securities to pay special dividend following 'exceptional sales'
Property investment firm Panther Securities announced a special dividend on Wednesday after experiencing its "best year" in terms of cash generation and realisation.
EU Supply provides support to European nuclear research outfits
Software provider EU Supply has inked two new contracts with nuclear research outfits for the provision of its complete tender management platform.
Brave Bison projects first breakeven year since floating on AIM
Social video company Brave Bison has forecast double-digit revenue growth in excess of expectations as the group turns EBITDA-positive for the first time since its admission to AIM back in 2013.
Royal Mail, Kier and Thomas Cook demoted in FTSE reshuffle
Royal Mail will be relegated from the FTSE 100 index later this month, while the AA, Thomas Cook and Kier are among those that will drop into the small cap index.
HSBC downgrades Ted Baker, Liberum reiterates 'buy'
Analysts were divided in their opinions of Ted Baker's recent woes on Wednesday, with HSBC cutting its recommendation on the stock as Liberum reiterated its positive stance in the aftermath of the "forced hugging" scandal.