Company News
Barrick Gold makes $18bn unsolicited bid for rival Newmont
Canada’s Barrick Gold made a hostile $18bn bid on Monday to buy US rival Newmont Mining and merge two of the largest gold firms in the world.
Tuesday preview: Prime Minister's statement, Fed's Powell in focus
All eyes on Tuesday will be on Parliament again, with the Prime Minister expected to try and forestall a possible attempt by MPs to take the risk of a 'no deal' Brexit off the table.
Flacks confirms possible Laura Ashley takeover bid
Miami investment firm Flacks Group said on Monday that it is in the preliminary stages of evaluating a possible takeover bid for womenswear and furnishings retailer Laura Ashley.
Tekcapital soars after net assets climb to 'record' level
Tekcapital's shares leapt on Monday after the intellectual property investor reported a sharp rise in net assets and its portfolio valuation, which almost doubled.
DeepMatter raises £4m for development of 'DigitalGlassware'
Chemistry digitisation company DeepMatter has raised about £4m by way of a placing of 159,185,680 new ordinary shares with new and existing investors at 2. 5p each, it announced on Monday.
Roche to buy Spark Therapeutics in $4.3bn deal
Swiss drug maker Roche has agreed to buy Philadelphia-based Spark Therapeutics in a $4. 3bn cash deal.
General Electric to sell biopharma business to Danaher for $21.4bn
General Electric has agreed to sell its biopharmaceutical business to Danaher for $21. 4bn.
Tlou Energy begins production testing at methane development pod
Botswana-focussed coal bed methane developer Tlou Energy has started production testing at its Lesedi 3 development pod, it announced on Monday, adding that “excellent progress” was also being made on drilling operations at the second development pod, Lesedi 4.
Angling Direct buys Chapmans Angling for £1.4m
Fishing tackle and equipment retailer Angling Direct has bought retailer Chapmans Angling for £1. 4m.
Totally subsidiary Vocare wins £10.6m contract extension
Healthcare contractor Totally announced on Monday that its wholly-owned urgent care subsidiary Vocare has been awarded a two-year contract extension, valued at £10. 6m, by the Central London Clinical Commissioning Group.
Audioboom raises £1.5m as it continues to expand content library
Podcast network Audioboom announced that, in order to fund its “rapidly increasing” portfolio of podcasting content, it has raised £1. 5m of new equity funding for growth, via a subscription of 115,384,670 new ordinary shares at a price of 1. 3p each.
Provident Financial rejects 'highly opportunistic' bid from Non-Standard Finance
Doorstep lender Provident Financial has rejected a £1. 3bn offer from smaller rival Non-Standard Finance, calling it "highly opportunistic".
Phoenix Global pleased with Empire copper drilling results
Base and precious metals exploration and development company Phoenix Global Mining released the remainder of the results from its 2018 drilling programme at the Empire Copper Project in Idaho on Monday.
Reach beats profit forecasts after Express and Star acquisition
Daily Mirror owner Reach climbed on Monday after its profits beat forecasts following its acquisition of the Daily Express and the Daily Star titles.
Dialight profits slide in 'challenging' year
LED lighting firm Dialight saw revenues and profits slide in a "challenging" trading year as it attempted to address operational issues faced at the start of the period.
Portmeirion ups stake in Furlong Mills
Homewares manufacturer Portmeirion has upped its holding in Furlong Mills.
Tristel raises dividend as international growth drives revenue increase
Tristel raised its interim dividend on Monday after revenue and profit both climbed after its acquisition of Ecomed Group bolstered international sales.
Finsbury Food swings to a profit following disposal of Grain D'Or
British baker Finsbury Food Group swung to a pre-tax profit in the first half of its trading year as a result of the shuttering of Grain D'Or and cost pressures in the form of increased flour prices and labour inflation.
LGIM snaps up Columbia Threadneedle's European chief
Legal & General on Monday appointed Michelle Scrimgeour as chief executive of Legal & General Investment Management (LGIM) and executive director at group level.
Urban Logistics acquires two smaller urban logistics sites
Real estate investment trust Urban Logistics has acquired properties at Staffordshire's Stone Business Park and Leicestershire's Lime Kilns Business Park from Carbide Properties, conditional on receipt of planning permission.