Company News
PureTech Health's Karuna raises $68m in series B financing
Biopharmaceutical company PureTech Health announced on Monday that its affiliate Karuna Therapeutics has completed a $68m series B financing round, including the issuance of $5m in shares upon conversion of debt into equity.
Tlou Energy makes decent progress at Lesedi project
Botswana and southern Africa-focussed power delivery company Tlou Energy updated the market on the status of field operations at the Lesedi coal-bed methane project in Botswana on Monday, confirming it had drilled all six wells which comprised the Lesedi 3 and Lesedi 4 development pods as part of its recent field drilling programme.
Chairman Richard Morgan steps down from Motif Bio board
Clinical-stage biopharmaceutical company Motif Bio announced on Monday that Richard Morgan had tendered his resignation as non-executive chairman, and was stepping down from the board of directors to focus on other business commitments, effective immediately.
Allergy Therapeutics shares plunge after disappointing clinical trial
Shares in biotechnology company Allergy Therapeutics were plunging on Monday morning, after it announced disappointing top-line results from the phase 3 clinical trial ‘B301’ of its new adjuvanted birch allergoid product.
Maintel profits soar after record cloud contract wins
Maintel Holdings stormed skywards on Monday after a slew of new contracts, including its two largest ever cloud contracts, led to increases in both annual profit and revenue.
Moss Bros hires Joules CEO as new chairman
Menswear retailer Moss Bros has hired the chief executive of fashion brand Joules, Colin Porter, as its new chairman.
Miton profit mounts up as inflows double
Miton Group's shares climbed on Monday after the investment manager reported an expansion of its assets under management, as well as annual revenues and profits.
JD Sports agrees to buy Footasylum
JD Sports Fashion has agreed to buy smaller rival Footasylum for 82. 5p per share in cash, around half the price at which it floated less than a year and a half ago.
Interserve's support services arm attracts Mitie, Serco
Mitie and Serco are among interested suitors for a single part of Interserve, after their fellow oursourcer called in the administrators on Friday.
FIS to buy Worldpay in $43bn cash and stock deal
Payments processor Worldpay has agreed to be bought by US financial services technology company FIS in a $43bn deal.
HICL agrees to possible £50m Dutch PPP investment
Infrastructure investment firm HICL Infrastructure Company announced a new investment in the Netherlands on Monday.
Primary Health Properties forward-funds Kew development
Healthcare facilities investor Primary Health Properties announced on Monday that, following its merger with MedicX Fund, it has contracted to acquire a new primary healthcare medical centre in Kew, London, by way of forward-funding.
Equiniti administers DWF's big IPO
Services and payment provider Equiniti Group has been appointed by DWF Group to administer its initial public offering (IPO), and as its share registrar, it announced on Monday.
Domino's Pizza refutes claims about ongoing row with franchisees
Domino's Pizza has refuted claims made in the Sunday Times that the company has been misleading investors about progress in negotiations with the pizza chain's franchisees.
FDA grants orphan drug designation to AstraZeneca's 'saracatinib'
AstraZeneca announced on Monday that the US Food and Drug Administration (FDA) has granted ‘orphan drug designation’ for ‘saracatinib’ - a potential new medicine for the treatment of idiopathic pulmonary fibrosis (IPF).
Serco signs new seven-year contract in Australia
Serco has signed a seven-year, AUD115m contract with the South Australian Government to operate and manage a remand centre for its department for correctional services.