Company News
Camden Town owner bought out by gambling billionaire founder
The owner of Camden Market in London, Market Tech Holdings, agreed on Friday evening to be taken over by Israeli billionaire Teddy Sagi's LabTech Investments for almost £900m, with the shares down 35% since floating two and a half years ago.
Government recoups all funds from Lloyds bailout
The government will sell its remaining shares in Lloyds Banking Group in the coming months after recovering all of the £20. 3bn spent to bail it out during the financial crisis.
Britain celebrates first coal-free day since Industrial Revolution
Friday was thought to be the first entirely coal-free day in Britain for hundreds of years, as reliance on nuclear, gas and renewable energy from wind and solar meant no coal power was required.
Small cap news round-up
Public relations firm SEC has completed the acquisition of a 60% stake in Polish communications company Martis Consulting for €1. 1m.
Touchstone Innovations invests £2.9m in Abzena
Technology commercialisation company Touchstone Innovations, which was spun-out from the Imperial College London, has invested £2. 9m in the £25m placing of portfolio company Abzena.
BOS Global reaches milestone in Call Design acquisition
Productivity software developer BOS Global Holdings updated the market on Friday on the conditional agreement to acquire a 40% interest in Call Design, which was announced on 20 March.
SolGold reports 20% strike extension from Hole 21
SolGold reported drilling at its Cascabel site in Ecuador had extended the known length of copper-gold mineralised by 20%.
Plaza Centers opens Belgrade shopping centre
AIM-listed merging markets property developer Plaza Centers opened Belgrade Plaza, its 34th shopping centre and its second in Serbia, on Thursday.
Regulators given post-election extension to examine Fox's Sky takeover
Regulators examining the proposed takeover of Sky by 21st Century Fox will have until after the general election to investigate whether to approve the deal.
Rasmala increases stake in subsidiary for $6m
AIM-listed investment management firm Rasmala is to buy a further stake in its subsidiary Rasmala Holdings Limited (RHL) from minority shareholders for $6m.
Sports Direct receives approval to buy bankrupt US retailer
Sports Direct has received approval to go ahead with the $101m acquisition of Bob’s Stores and Eastern Mountain Sports in the US.
Broker tips: M&S, Domino’s Pizza, Debenhams, Glencore, South32 and Rio Tinto
Retailer Marks & Spencer got a boost as Barclays initiated coverage of the stock at ‘overweight' with a 410p price target, which implies 14% potential upside.
Oilex awards two key contracts on Cambay PSC work programme
Oilex announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work programme at the Cambay PSC on Friday.
First phase of unit recommissioning complete, PowerHouse says
Ultra high temperature gasification waste to energy systems company PowerHouse Energy Group announced on Friday that the first phase of the re-commissioning of the its G3-UHt unit had been completed, with the successful production of gas from the system.
SEC buys stake in Polish PR firm
Public relations firm SEC has completed the acquisition of a 60% stake in Polish communications company Martis Consulting for €1. 1m.
Tesla recalls 53,000 vehicles over brake problems
US carmaker Tesla Motors has recalled 53,000 of its Model S and Model X vehicles after it found issues related to the cars’ braking systems.
Strategic Minerals enters cash generative phase, shares jump
Shares in Strategic Minerals leaped higher after the company said it had entered a cash generative phase and was considering new projects.
ReNeuron confirms breakthrough in cryopreserved candidate formulation
Cell-based therapeutics developer ReNeuron Group updated the market on its cell therapy development programmes targeting degenerative diseases of the retina on Friday, reporting that it had successfully developed a cryopreserved formulation of its human retinal progenitor cell (hRPC) therapeutic candidate.
Reckitt Benckiser disappoints but headwinds should ease
Consumer products group Reckitt Benckiser posted a trading update for its first quarter on Friday, reporting it was in line with expectations with continued strong performance in the health division led by Mucinex and Durex.
