Company News
HML Holdings buys London property manager for up to £2.7m
HML Holdings, a provider of property management and insurance services, is to buy Faraday Property Management, a Holborn-based property manager, for up to £2. 7m.
Domino's to use robots for pizza deliveries in Europe
German and Dutch pizza lovers will soon have their pies delivered by robots, as Domino’s announced a new partnership with robot tech firm Starship Technologies.
Allergy Therapeutics starts strong ahead of big second half
Allergy Therapeutics reported strong underlying revenue growth in the first half, boosted by an increased market share for its flagship Pollinex Quattro allergy treatment and one analyst feels the company's run of bad luck might be ending.
Buzzfeed reportedly preparing for 2018 IPO
Digital news site Buzzfeed is making initial plans to float itself on the stock market as early as 2018, according to several reports on Wednesday.
Broker tips: Tesco, Acacia Mining
Following Tesco agreeing to pay a £129m fine over its accounting scandal, HSBC has reiterated its ‘buy’ rating and 260p target price.
Jubilee begins platinum production at Hernic operations
AIM-listed mine-to-metals company Jubilee Platinum has begun production of platinum concentrate at its Hernic operations in South Africa.
Kimberly disposes of ENMAN, keeps Veleslavin
Central and Eastern Europe-focussed property developer Kimberly announced on Wednesday that it sold its wholly owned subsidiary ENMAN on 29 March to a third party for a nominal amount.
Artilium teams with Mitek for customer identity software
Telecommunications software provider Artilium announced on Wednesday that it entered into a preferred partnership with Mitek, a global leader in mobile capture and identity verification software, to offer identity solutions to the telecoms market.
Small cap news round-up
Telford Homes' shares are up more than 1% after joint venture Chobham Farm LLP exchanged contracts for the sale of the first phase of open market homes at New Garden Quarter, in east London, to Folio London Ltd.
Summit Therapeutics widens loss as drug development continues
Drug discovery and development company Summit Therapeutics reported its financial results for the fourth quarter and fiscal year ended 31 January on Wednesday, with revenue rising to $2. 9m from $2. 3m a year earlier.
Gfinity signs up first four Elite Series teams
Esports operator Gfinity announced the first four professional eSports teams had signed up to compete in the Gfinity Elite Series, launching later this year, on Wednesday.
Transense swings to net loss as mining slump continues
Transportation and industrial sensor systems provider Transense Technologies reported results for the six months to 31 December on Wednesday, with revenues unchanged from the prior year at £1. 04m.
Results round-up: Saga, Sanne
Over-50's insurer and tour operator Saga proposed an 18% dividend hike after delivering a solid year of profits growth.
Faron Pharmaceuticals widens operating loss as development continues
Clinical stage biopharmaceutical company Faron Pharmaceuticals posted its full year audited results for the year to 31 December on Wednesday, with revenue rising to €1. 15m from €0. 52m in the prior year.
Mereo BioPharma to raise £15m to develop brittle bone disease treatment
Mereo BioPharma Group is planning to raise up to £15m to support development its brittle bone disease treatment following its acceptance to participate in the European Medicine Agency's adaptive pathways programme.
Avesoro Resources posts earnings loss in year of transition
Avesoro Resources posted its results for the year to 31 December on Wednesday, with revenues of $63. 6m generated from gold sales of 50,264 ounces since the start of commercial production at an average realised sale price of $1,266 per ounce.
Avanti Communications to provide internet connectivity to Sub-Saharan Africa
Shares in Avanti Communications surged on Wednesday on news that the satellite data provider has partnered with telecommunications firm Millicom to bring broadband connectivity to domestic consumers, businesses and governments in Sub-Saharan Africa.
InfraStrata repays £0.2m to Baron Oil
Baron Oil announced on Wednesday that InfraStrata had repaid the £0. 2m drawn down on the secured loan facility provided by Baron.
Pernod hikes prices for Absolut vodka, Beefeater gin after pound slump
Pernod Ricard, owner of popular alcohol brands including Absolut vodka, Jameson whiskey and Malibu rum, has hiked UK prices on its spirits and wines in order to counterbalance the effect of the pound's slump since the Brexit referendum and rising inflation.