Company News
Arcadia rescue faces US legal challenge
Philip Green’s plan to rescue his troubled Arcadia group from administration is facing a challenge from US property company Vornado, according to court papers filed in the UK.
Big Sofa Technologies secures agreement with another US firm
Big Sofa Technologies announced a further service agreement with an unnamed global technology company based on the west coast of the United States for its proprietary, video-based collaboration system, along with an initial commission under that service agreement.
WANdisco partners with analytics firm Databricks
Live data provider WANdisco announced a partnership with unified analytics firm Databricks on Tuesday, in a bid to “accelerate and dramatically simplify” the migration of on-premises Hadoop analytics workloads to Azure Databricks.
European Metals gets EUR 2m finance facility from suitor CEZ Group
European Metals Holdings announced on Tuesday that CEZ Group - one of central and eastern Europe's largest power utilities - has conditionally agreed to provide a €2m finance facility by way of a convertible loan.
Armadale Capital reports solid progress at Mahenge Liandu
Natural resources investment company Armadale Capital announced further confirmation that commercialisation plans for the Mahenge Liandu Graphite Project in Tanzania were continuing to advance on Tuesday, reporting that metallurgical test-work was progressing well, with initial work in line with expectations.
AfriAg investment target Apollon begins producing Jamaican cannabis oil
AfriAg Global has been advised by Apollon Formularies that it has now completed its first production of licensed medical cannabis oils at its processing facility in Negril, Jamaica, it announced on Tuesday.
Reneuron Group wins series of international patents
Reneuron Group on Tuesday announced that it has expanded its intellectual property estate via the grant of a number of international patents covering its exosome technology platform.
Pearson adopts 'digital first' publishing strategy
Education publisher Pearson said on Tuesday that all future releases of its 1,500 active US titles will be published in digital format before being printed, as it focuses on lowering the cost of higher education.
Abcam snaps up EdiGene's cell line and lysates portfolio
Abcam has acquired the live cell line and lysates portfolio of EdiGene Inc, a company focused on using genome editing technology to create novel therapeutics for a range of diseases.
LiDCO receives Chinese regulatory approval
LiDCO shares leapt on Tuesday after its latest cardiac output monitor with non-invasive technology received regulatory approval for commercial sale in China.
TP Group remains confident of full-year trading following first half
Mission-critical solutions provider TP Group remains confident of its current trading following the first six months of the year and now expects to deliver full-year results in line with market forecasts.
JPMorgan downgrades Lloyds to 'neutral'
JPMorgan Cazenove has downgraded Lloyds Banking Group, warning that Brexit is weighing on the wider UK banking sector.
Clinigen expects revenue boost from new acquisitions
Clinigen said on Tuesday that it expects to report double-digit annual profit and revenue growth when it releases its full year results in September.
Everyman Media's trading meets expectations as demand strengthens
Everyman Media on Tuesday said demand is continuing to strengthen, while trading for the first half of the year was in line with expectations after the company opened two new cinemas.
EMIS' first-half revenues grow as it maintains NHS market share
Healthcare software and systems company EMIS traded in line with expectations in the six months ended 30 June, with revenues expanding year-on-year.
Cloudcall revenues grow as US operations turn profitable
Cloud-based software business Cloudcall saw revenues and user numbers increase in the first half of its trading year as its US operations turned both profitable and cash generative.
7digital appointsTamir Koch as chairman
Digital music solutions group 7digital shares shot up on Tuesday after the group said it has appointed eMusic. com president Tamir Koch to the role of chairman with immediate effect.
Liberum says ITV risks more than priced in, upgrades to 'buy'
ITV got a boost on Tuesday as Liberum upgraded its stance on shares of the broadcaster to 'buy' from 'hold'.
President Energy upbeat on fracking results from Puesto Flores
Argentina-focussed upstream oil and gas company President Energy updated the market on its fracking operations at the Puesto Flores field in Rio Negro province on Tuesday.
Surface Transforms wins brake disc contract from German customer
Surface Transforms has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to an unnamed major German automotive company, it announced on Tuesday, which it had previously described as ‘OEM 5’.