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Braemar revives 'Wavespec' brand after divestment of technical businesses
Shipbroking, financial advisory, logistics and engineering services provider Braemar Shipping Services announced that its engineering division had been rebranded as ‘Braemar Wavespec’ on Monday.
Quadrise Fuels in 'advanced discussions' with possible funding provider
Quadrise Fuels International updated the market in its progress in seeking equity or equity-linked funding on Monday, reporting that it had continued to make “good progress” and confirmed that, following receipt of several proposals, it was currently in advanced discussions with a provider of funding.
Revenue slips as earnings grow at BATM Advanced Communications
Real-time networking and medical laboratory systems provider BATM Advanced Communications reported a fall in group revenue to $56. 2m (£46. 38m) in its first half on Monday, from $58. 2m a year earlier.
Redx Pharma gets green light to escalate dose in RXC004 study
Drug discovery and development company Redx Pharma has successfully completed dosing of the first cohort of patients in its ongoing phase 1 and 2 study with ‘RXC004’, it announced on Monday.
Dev Clever raises £0.44m in placing to fund expansion strategy
Consumer engagement solutions developer Dev Clever has completed a placing using its full current authorities, it announced on Monday, allotting 12,811,736 new ordinary shares at a price of 3. 4p, to raise £0. 44m before expenses.
Scancell to begin SCIB1 UK trial as FDA issues linger in US
Immunotherapy developer Scancell announced the initiation of and further updates to the ‘SCIB1’ phase 2 trial in patients with metastatic melanoma also receiving the checkpoint inhibitor ‘pembrolizumab’ (Keytruda) on Monday.
Path Investments agrees all-share acquisition of FineGems Extraction
Path Investments has signed a binding share purchase agreement to acquire the entire issued share capital of FineGems Extraction Corporation (FGE), a British Virgin Islands-incorporated company which owns 75% of Jagoda Tourmaline Extraction (JTE),.
Mitie to sell catering business for up to £85m
Outsourcer Mitie has agreed to sell its catering and hospitality business - Gather & Gather - to Royal Warrant holder CH&CO for up to £85m in cash.
LondonMetric buys and funds new Croda distribution hub
LondonMetric Property has agreed to purchase and fund a new 232,000 square foot distribution warehouse for £24m, it announced on Monday, reflecting a yield on cost of 5. 2%.
Safestore forms joint venture with Carlyle, buys Heathrow site
Safestore announced on Monday that it was forming a joint venture with Carlyle European Real Estate Fund to acquire M3 Self Storage, which operates six prime storage locations in Amsterdam and Haarlem in the Netherlands.
London open: Stocks rise amid stimulus hopes
London stocks rose in early trade on Monday, taking their cue from a positive session in Asia amid hopes of more stimulus from central banks.
Pre-Brexit buying spree boosts August house sales - Rightmove
House sales in August were boosted by a pre-Brexit buying spree, according to the latest data from property website Rightmove.
ConvaTec appoints John McAdam as chairman
FTSE 250 medical products and technology company ConvaTec has appointed former Rentokil chairman Dr John McAdam as chairman with effect from 30 September 2019.
London pre-open: Stocks to rise as investors eye Jackson Hole
London stocks were set to rise at the open on Monday as investors looked ahead to the Jackson Hole symposium this week.
TBC Bank buys 65% of Georgia's My Group
Georgia's TBC Bank on Monday said it was buying a 65% stake in domestic e-commerce company My-ge for GEL 19. 45m (£5. 47m) in cash, valuing the company at £29. 93m.
TBC Bank buying stake in e-commerce firm My-ge, LondonMetric to fund new Croda facility
London open The FTSE 100 is expected to open 45 points higher on Monday, having closed up 0. 71% at 7,117. 15 on Friday.
Monday newspaper round-up: House sales, dividends, Mifid II, National Grid
British house hunters have launched a surprise August buying spree before the scheduled Brexit date, with new data showing sales reached their highest point since 2015 during the usually sleepy summer period. The number of agreed sales rose by 6. 1% year on year in the month to 10 August, according to property website Rightmove, which claims to track nine in 10 UK house purchases. – Guardian.