Company News
Cradle Arc begins trading on AIM
African-focussed base and precious metals group Cradle Arc had its shares listed on AIM under its new name following the reverse takeover of Botswana's Mowana copper mine.
Director dealings: Carclo CEO buys 100,000 shares following profit warning
Chris Malley, chief executive officer of technical plastics producer Carclo picked up £83,870 worth of shares in the group on Wednesday.
Thursday preview: ECB's Darghi to face tough crowd, Diago and Asos results in focus
A European Central Bank policy update and a "far from easy" press conference for chief Mario Draghi in view of the single currency's current three-year highs, plus corporate statement from FTSE 100 giants Anglo American, Diageo and Sky, are likely to dominate the headlines on Thursday.
Berenberg upgrades Countrywide, reiterates target price
Expecting strategic announcements from Countrywide's first market update following its recent profit warning, analysts at Berenberg said if the firm could find room for investment to improve its competitive positioning, brighter days could be ahead.
Faron's Traumakine approved as investigational new drug
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Wednesday that the US Food and Drug Administration (FDA) has approved the investigational new drug (IND) application for ‘Traumakine’ - its wholly-owned product for the treatment of acute respiratory distress syndrome (ARDS), which is part of the regulatory process towards Biologics License Application (BLA) submission.
Surge in pulp prices cripples James Cropper
Advanced materials and paper products group James Cropper issued a trading update on Wednesday, as it faced further headwinds in the rising cost of pulp.
UK CPT offloads shopping centres to Shropshire Council
Guernsey-based investment firm UK Commercial Property Trust has completed the sale of its three retail centres in Shrewsbury town centre to Shropshire Council for roughly £51m, representing a small premium to book value.
Petrofac CEO handed supportive judgement over Italian insider trading charge
Petrofac's chief executive Ayman Asfari has been cleared by the UK High Court of insider trading in Italy, with the Italian authorities found to have not followed due process in allowing him to defend himself.
US chipmaker Qualcomm fined €1bn by Brussels for collusion with Apple
US chipmaker Qualcomm has been fined €997m ($1. 2bn) by the European Commission, after it was found to have illegally paid tech giant Apple billions of dollars to use its chips exclusively.
Simplified business leads to reduced loss for cloudBuy
Cloud-based e-commerce marketplace and business-to-business buyer and supplier solutions provider cloudBuy updated the market on trading on Wednesday, ahead of its full-year results expected on 16 March.
Markets help propel Time Out Group in 2017
Global media and entertainment business Time Out Group updated the market on trading for the 12 months to 31 December on Wednesday, reporting that revenue and adjusted EBITDA were anticipated to be in line with its expectations for the full year.
Carillion executives, KPMG face parliamentary inquiry over collapse
Senior executives from collapsed government contractor Carillion will be grilled by MPs on February 6 as part of a joint parliamentary inquiry into the firm's demise.
Shire gets FDA approval for technology transfer of Cinryze drug
Shire has received approval from the US Food and Drug Administration for the technology transfer of its Cinryze drug product manufacturing process to its site in Vienna, Austria.
Premier Oil exports first cargo from Catcher development
Independent exploration and production company Premier Oil exported its first cargo from its Catcher Area development in the North Sea on Tuesday, with a second scheduled for mid-February.
Premaitha Health wins right to court appeal over prenatal test
Molecular diagnostics researcher Premaitha Health has secured the right to appeal a 'first instance judgment' in its ongoing litigation with Californian biotechnology company Illumina and others.
Strategic Minerals to ramp up exploration efforts at Hanns Camp
AIM-quoted mining company Strategic Minerals has announced plans to step up exploration efforts at its Hanns Camp project in Western Australia after new drilling revealed multiple nickel and cobalt indications.
Tri-Star puts an extra $2.8m into Oman Antimony Roaster project
Tri-Star Resources announced on Wednesday that it has invested a further $2. 8m (£2. 05m ) via additional mezzanine loan to Strategic & Precious Metals Processing (SPMP), to assist in further development of the Oman Antimony Roaster (OAR) project.
PPHE buys out partner at Hoxton hotel development site
Full-service upscale and lifestyle hotel company PPHE Hotel Group announced on Wednesday that one of its wholly-owned subsidiaries has exchanged contracts to buy from its joint venture partner its 50% interest in its joint venture company, Aspirations, for a consideration of £35m, subject to working capital adjustments to be made on completion.
ImmuPharma raises £10m following investor demans
Specialist drug discovery and development company ImmuPharma announced on Wednesday that, in response to institutional demand, it has completed a fundraise totalling £10m before expenses via a placing of 6,944,445 new ordinary shares at a price of 144p per share, with new and existing investors.
Gordon Dadds acquires Bristol-based solicitors Metcalfes
Acquisitive law firm Gordon Dadds has snapped up Bristol-based solicitors firm Metcalfes Solicitors.