Company News
Hutchison Chi-Med upbeat on latest Iressa trial results
Hutchison China MediTech - commonly known as Chi-Med - reported preliminary clinical activity, safety, and tolerability data of fruquintinib, an investigational selective inhibitor of vascular endothelial growth factor receptor given in combination with Iressa, on Monday.
FirstBank willing to go hostile for Aldermore as analysts spy further bids
South African's FirstRand bank said on Monday it would be prepared to mount a hostile bid for smaller UK peer Aldermore if the challenger bank's board do not approve the deal.
Draper Esprit targets £75m-worth of investment in seed funds across Europe
Venture Capital firm Draper Esprit announced on Monday a strategy targeting up to £75m worth of investment in top seed funds across Europe over the next five years, less than a week after its funds had committed £17m into three new Europe-based digital technology businesses.
BP Marsh picks up 30% equity stake in US firm Mark Edwards Partners
Venture capitalists BP Marsh and Partners announced on Monday that it would be taking a 30% equity stake in US-firm Mark Edwards Partners (MEP), providing the North American group with a $2m loan facility for future growth in the process.
Thalassa Holdings confirms sale of shares in Papua Mining
The board of Thalassa Holdings confirmed it had sold 40m ordinary shares in copper and gold exploration company Papua Mining on Monday.
Spending falls in pubs and restaurants as consumers stay home
Pubs, bars and restaurants last month endured their biggest sales fall in a year, with London restaurants hardest hit in an industry facing a squeezed consumer and rising costs.
Metal Tiger makes further investment in Australia's Kingsgate
AIM-listed Metal Tiger has announced a further strategic investment in Australia’s Kingsgate Consolidated Limited.
ConvaTec warns on full year and 2018 targets after supply issues
ConvaTec Group warned that revenues and profits for the full year will be lower than it had previously guided and that growth targets in 2018 may need to be adjusted.
Bioventix profits shoot higher on vit-D tests, but may plateau
Biotech group Bioventix lifted annual pre-tax profits by more than a third as revenue was boosted by a significant increase in sales of its vitamin D antibody.
Omega Diagnostics signs US supply agreement
AIM-listed Omega Diagnostics has signed a supply agreement with a US-based company offering laboratory testing services, specialising in gut health for improved health outcomes.
System1 warns investors of 'slower than expected' trading
Marketing and brand consultancy firm System1 warned investors of "slower than expected" first half trading on Monday.
Hilton Food to expand packing capability to New Zealand
Meat packing business Hilton Food said on Monday that it will go ahead with plans to expand its packing capability to New Zealand.
Koovs announces collection for N Brown's Simply Be
AIM-listed Koovs has announced a new partnership with online retail group N Brown to add its Koovs Private Label young fashion brand to the company’s Simply Be offer.
Salt Lake Potash successfully completes unlined pond trial
Salt Lake Potash confirmed the successful completion of field trials testing an on-lake, unlined evaporation pond model on Monday, which it said would result in “significant” capital expenditure savings for the Goldfields Salt Lakes Project (GSLP).
Zenith Energy confirms another improvement to Jafarli flow rate
Azerbaijan-focussed oil and gas production company Zenith Energy announced a further update on the production from well C-21 in the Jafarli field on Monday.
Realm Therapeutics CEO to present at 2017 Bio Investor Forum
Biopharma group Realm Therapeutics's chief executive officer will present an update on the firm's two lead drug development programmes at the 2017 BIO Investor Forum in California.
Polymetal International hails record production, confirms targets
Russian miner Polymetal International continued to produce strong levels of gold in the third quarter, with production up 26% and revenues for the quarter rising 17%.
Interserve confirms talks with lenders
Interserve on Monday said that it is "engaged in constructive and ongoing discussions with its lenders", confirming rumours that had been mooted in the media.
Jenny Knott stepping down as CEO of NEX Optimisation
Financial technology company NEX Group announced on Monday that - having put into motion the “significant restructure” of NEX's post-trade division 'NEX Optimisation' - Jenny Knott has decided to step down as the division's CEO.
Ultra Electronics awarded $16m fighter jet contracts
Ultra Electronics’ Cheltenham-based Precision Control Systems business has received contracts valued $16m from Boeing and Lockheed Martin.