Company News
Deutsche Bank to list €700bn asset management arm
Deutsche Bank has confirmed its plans to list its DWS asset management unit on the Frankfurt stock exchange.
Tuesday preview: Fed's Powell, StanChart in focus
All eyes on Tuesday will be on new US Federal Reserve chair Jerome Pewell, starting from 1500 GMT, as he delivers his semi-annual testimony before the House Financial Services' Committee on the central bank's latest monetary policy report to Congress.
Alexander Mining unearths Zambia patent for cobalt leaching method
Alexander Mining’s subsidiary MetaLeach Limited has been granted an African Regional Intellectual Property Organisation patent in Zambia, the company announced on Monday.
HRG and Spectrum Brands announce $10bn merger
Shares in consumer products company HRG Group picked up as much as 6. 29% in early trading on Monday after announcing that it had reached a $10bn merger agreement with Wisconsin firm Spectrum Brands.
Hemogenyx flies on back of 'humanised mouse' report
Shares in Hemogenyx Pharmaceuticals rocketed over 120% after details were released of a patent application for a "new type of humanised mouse" that can be used to show how antibodies developed by the biotech company can treat leukaemia.
Summit Therapeutics' shares soar after encouraging clinical trials
Summit Therapeutics’ shares jumped on Monday after the company saw positive interim results from clinical trials for its utrophin modulator ezutromid.
Tissue Regenix launches new operating division for 'DermaPure'
Regenerative medical devices company Tissue Regenix Group announced the launch of a new operating division on Monday - ‘TRX BioSurgery’.
Water Intelligence signs big contract with Australian water utility
Multinational provider of precision, minimally-invasive leak detection and remediation solutions, Water Intelligence, announced a contract between its Sydney, Australia corporate location and Hunter Water Corporation, a state-owned water company, on Monday.
Quartix makes solid progress in core fleet business
Vehicle telematics services supplier Quartix Holdings announced its audited results for the year ended 31 December on Monday, with group revenue increasing 5% to £24. 5m.
RBC upgrades BP to 'outperform' on 'underappreciated' downstream dynamics
Analysts at RBC Capital Markets took a look at oil and gas giant BP on Monday morning, saying they believed its cash flow framework would improve in 2018 as a result of a growing upstream base and favourable dynamics in the downstream, the latter of which it felt "may be underappreciated by the market".
Concurrent releases new multi-channel gigabit ethernet board
High-end embedded computer boards specialist Concurrent Technologies announced a further addition to its range of VPX I/O boards on Monday.
Feedback loss widens as company woos customers
Specialist medical imaging technology company Feedback announced its unaudited results for the six months ended 30 November on Monday, with revenue rising to £0. 22m from £0. 2m a year earlier.
Ascential ascends on dividend hike and potential for events disposals
Events organiser and business information provider Ascential has hiked its dividend payout to shareholders 19% and announced a strategic review of its exhibitions business.
Bunzl full-year numbers boosted by acquisitions, weaker pound
Distribution and outsourcing group Bunzl posted a 13% jump in full-year pre-tax profit on Monday thanks to recent acquisitions and a weaker pound.
Mereo BioPharma appoints new head of patient access
Multi-asset biopharmaceutical company Mereo BioPharma Group announced the appointment of Wills Hughes-Wilson as head of patient access and commercial planning on Monday.
Pathfinder shares plummet as Mozambique licence dispute tunnels onward
Pathfinder Minerals' share prices fell dramatically on Monday after the company gave an update on its dispute over the ownership of mining licences in Mozambique.
UBS downgrades Jupiter Fund Management as fund flows reverse
UBS downgraded Jupiter Fund Management to 'sell' from 'neutral' and cut the price target to 460p from 545p as fund flows reverse.
Reabold Resources confirms it is considering share placing
AIM-listed Reabold Resources, an investor in upstream oil and gas projects, confirmed on Monday that it is "exploring market appetite" for a placing.
Keller ups dividend payments after favourable US tax reform
Geotechnical solutions specialist Keller Group boosted pre-tax profit by 50%, as turnover grew to more than £2bn thanks to the firm's execution of more than 6,300 projects around the world.
Vodafone sells out of Qatar joint venture for £264m
Vodafone Group has sold its 51% stake in a Qatar joint venture to its project partner, the Qatar Foundation for the equivalent of £264m and an ongoing partner-market deal.