Company News
Tuesday preview: US-China trade, Easyjet in the spotlight
The market spotlight on Tuesday will continue to be on the headlines around the ongoing US-China trade talks.
Qiagen surges after confirming potential takeover talks
Shares in Qiagen jumped on Monday after the genetic testing company said it was contemplating options that included a possible sale.
Greencoat Renewables buys Killala Community Wind Farm
Ireland-focussed renewable infrastructure company Greencoat Renewables has acquired Killala Community Wind Farm, a 20. 4MW wind farm situated in County Mayo, it announced on Monday.
Jangada shares rise on positive developments at Pitombeiras
Natural resources company Jangada Mines updated the market on its ongoing exploration programme at its wholly-owned Pitombeiras vanadium, titanium and iron project in the state of Ceará, Brazil on Monday.
Genedrive infant hearing loss test gets CE mark
Molecular diagnostics company Genedrive announced on Monday that its antibiotic-induced hearing loss test, the ‘Genedrive MT-RNR1 ID’ kit, has obtained CE marking.
Saudi Aramco cancels plans for marketing shares in Europe
Saudi Arabia called off plans to formally market shares of its state oil company outside the kingdom and other Gulf countries in its initial public offering, reported The Financial Times.
IQGeo inks two contracts for $1.2m with existing customer
IQGeo on Monday signed two contracts worth over $1. 2m with an existing customer, increasing the number of its licensed users.
Aura Energy secures more cash as it progresses work on several fronts
Aura Energy has entered into a deed of variation with Lind Global Macro Fund to modify the convertible loan note agreement dated 30 April, it announced on Monday, in order to secure an advance of AUD 0. 35m (£0. 18m) pursuant to a convertible note with a face value of AUD 0. 42m.
LightwaveRF seeking suitors as a way to progress it strategy
Smart home solutions provider LightwaveRF announced on Monday that, to further accelerate its development, it has decided to conduct a formal review of its various strategic options, including a potential sale of the company by way of a ‘formal sale process’.
Tristel upbeat on progress at its MobileODT investment
Infection prevention products manufacturer Tristel announced on Monday that MobileODT - a company in which it holds a 2. 13% strategic equity stake - has successfully completed its first closing of a $9. 75m second-round institutional fund raising.
Savannah Resources joint venture awarded third concession in Mozambique
Savannah Resources announced on Monday that Mozambique’s Minister of Mineral Resources and Energy has conditionally awarded a third mining concession to the Mutamba Project.
US pre-open: Stocks set for slightly higher start, Morgan Stanley shuns US equities
US stock market futures were pointing to a slightly higher open in the States on Monday, following 'constructive' trade talks between the US and China at the weekend and a small interest rate cut by the People's Bank of China overnight.
Aviva to keep hold of Singapore, China businesses
Aviva said on Monday that it will retain its operations in Singapore and China after reports indicated that the former of the businesses could be slated for disposal.
Mirada swings to profit after disposal of Connect business
Mirada on Monday swung to an interim profit following the $2. 7m sale of one of its businesses and a slight increase in revenue.
Short sellers target Hargreaves Lansdown, SJP over Woodford - FT
Short sellers have targeted financial service providers Hargreaves Lansdown and St James’s Place (SJP) as the duo are scrutinised for close links with scandal-hit fund manager Neil Woodford, the Financial Times reported.
Chamberlin loss deepens amid weaker automotive demand
Chamberlin on Monday reported a widened interim loss after revenue slid on the back of a reduction in demand from the automotive industry.
ShoreCap downgrades Consort Medical to 'hold' after all-cash offer from Recipharm
Analysts at ShoreCap downgraded their recommendation for shares of Consort Medical from 'buy' to 'hold' following the recommended cash offer from Recipharm.
Health and safety trial of Pressure Technologies trial begins
Specialist engineering company Pressure Technologies updated the market on the intended prosecution by the Health & Safety Executive on Monday, following a fatal accident at its subsidiary Chesterfield Special Cylinders in June 2015.
Open Orphan signs pharmacology trial contract with Carna
Rare and orphan drug consulting services provider Open Orphan announced the signing of a contract with Carna Bioscience for a first-in-human clinical pharmacology trial, it announced on Monday.
Swiss group SIX launches bid for Spain's stock market operator BME
Consolidation among the world's main stockmarket operators heated up further at the start of the week as Swiss-based SIX Group launched a "friendly" bid for Spain's BME, even as the Madrid-based firm confirmed that it was in talks with pan-European exchange group . Euronext about a possible tie-up.