Company News
Tuesday preview: WPP to remain under pressure, BP's spill costs banished?
With its shares down almost a third since issuing a cautious advertising outlook in March, investors will be hoping WPP's trading statement on Halloween Tuesday is not a horror show, while a busy day for economic data will keep the market busy ahead of bigger events later in the week.
Premaitha Health exercises grant of share options
Molecular diagnostics group Premaitha Health on Monday reported that it has made a grant of share options to staff.
Fura Gems buys Emporium HS S.A.S. subsidiary
New gemstone mining and marketing company Fura Gems has entered into a share purchase agreement with Emporium HS S. A. S. for a majority stake interest in Esmeracol, the owner of the Coscuez emerald mine, it emerged on Monday.
Velocys confirms full production at ENVIA Oklahoma City
Renewable fuels company Velocys has announced that production at ENVIA Energy's Oklahoma City gas-to-liquids plant has reached an operational capacity of 200 barrels per day, passing a “key” capacity milestone.
Haydale Graphene granted US patent
Advanced materials firm Haydale Graphene has received notice that its patent application for the US has been granted.
Echo Energy shares suspended as it discusses farm-in offer
South and Central America-focussed upstream gas company Echo Energy responded to a recent share price movement on Monday, confirming that it was in discussions in relation to a potential farm-in by the company into certain onshore oil and gas assets in South America.
Takcapital's Guident licenses self-driving AI patent
Intellectual property investment group Tekcapital announced on Monday that its wholly-owned portfolio company Guident has exclusively licensed US Patent 9,429,943 from Florida Agricultural and Mechanical University.
LightwaveRF raises £5m as product development continues
Smart home technology provider LightwaveRF announced on Monday that it has raised approximately £2m before expenses, by way of a placing of 5,805,333 new ordinary shares and a subscription of 6,802,168 shares at 16p per share.
Sanderson hungry for acquisitions as revenue rises
Software and IT services company Sanderson Group updated the market on its trading on Monday, ahead of the announcement of its preliminary results for the year to 30 September which was scheduled to be released on 28 November.
Greatland Gold's cash position strengthens to £4m
Greatland Gold, the precious and base metals exploration and development company, reported on Monday an accumulated cash balance of approximately £4m as at 27 October 2017.
Cerillion finals to meet expectations
Cerillion, the billing, charging and customer relationship management software solutions provider, said results for the financial year to 30 September 2017 were expected to be in line with market expectations, with higher revenues and EBITDA anticipated.
WPP invests in US online community platform The Mighty
WPP's Health & Wellness subsidiary has made an early-stage investment in The Mighty, a US online community platform for people facing health challenges and disabilities.
Cabot upbeat as Canada drilling continues
Oil and gas company Cabot Energy updated the market on its drilling operations in Canada on Monday, reporting that the 16-05 side track well has been tested at “significantly higher” rates than forecast.
Mereo reaches exclusive licensing deal with AstraZeneca
Clinical stage biopharmaceutical company Mereo BioPharma Group has announced that it has reached an agreement with AstraZeneca for an exclusive license - including an option to acquire - the oral inhibitor of neutrophil elastase AZD9668.
Keywords Studios completes acquisition of MC Consulting Corporation and Volt Canada
Keyword studios, the international technical services provider to the global video games industry, has completed the acquisition of VMC Consulting Corporation and Volt Canada Inc, the company announced on Monday.
Benchmark to receive first batch of broodstock in Autum 2019
Benchmark's new land-based salmon broodstock facility in Norway is ready to receive its first batch of broodstock and is expected to reach full capacity by Autumn 2019, the company announced on Monday.
Angling Direct confirms new store openings in Slough and Stoke
Specialist fishing tackle and equipment retailer Angling Direct has announced the opening of a new store in Slough, and the proposed opening of a new store in Stoke in December.
CalAtlantic surges as it agrees $9.3bn merger with Lennar Corp
Shares in US housebuilder CalAtlantic surged in pre-market trade on Monday after it and peer Lennar Corp announced a definitive merger agreement in a deal valued at around $9. 3bn, including debt.
China Nonferrous Gold agrees new loan, seeks further refinancing
China Nonferrous Gold, the Tajikistan-focused mineral explorer, has agreed a loan facility with the China Construction Bank Corporation for up to $20m to fund operations.
Akzo Nobel confirms merger discussions with Axalta
Dulux maker Akzo Nobel confirmed on Monday that it is currently in “constructive discussions” about a merger of its paints and coatings business with US rival Axalta Coating Sytems.