Company News
Wednesday preview: US and China CPI, Legal and General in focus
Against a backdrop of rising government bond yields, markets' focus in the middle of the week will shift towards the inflation, with readings on consumer prices due out in the US and China.
Oatly set to open one of the world's largest plant-based dairy factories in UK
Swedish plant-based milk maker Oatly announced plans to open one of the world’s biggest alt-milk dairy factories in the UK.
Open Orphan subsidiary awarded contract with Oxford BioTherapeutics
Specialist pharmaceuticals contract research organisation Open Orphan announced on Tuesday that its subsidiary Venn Life Sciences had been awarded a contract for a study with clinical-stage oncology company Oxford BioTherapeutics.
Shield's Feraccru gets registration in Australia
Commercial-stage pharmaceutical company Shield Therapeutics said on Tuesday that Australia's Therapeutics Goods Administration (TGA) has registered ‘Feraccru’ in the country’s Register of Therapeutic Goods, to treat iron deficiency with or without anaemia in adults.
Condor Gold upbeat on latest data from La India drilling
Condor Gold announced on Tuesday that the first 26 drill holes for a combined 1,296 metres of diamond drill core had been completed on La India starter pit infill drilling programme.
Avast to sell Family Safety Mobile business for $66m
Digital security company Avast said on Tuesday that it has agreed to sell its Family Safety Mobile business to Smith Micro Software for $66m.
SocGen cuts rating, ups price target on Pearson
Société Générale has downgraded its rating for Pearson to ‘hold’ after a strong run for the blue chip’s shares.
President Energy realigns Rio Negro drilling programme
South America-focussed President Energy updated the market on its drilling programme in Argentina’s Rio Negro province on Tuesday, reporting that a drilling rig had been contracted, with site preparations in progress.
Science Group reports record revenue, operating profit
Science Group reported record revenue and adjusted operating profit, ahead of upgraded expectations, in its 2020 results on Tuesday.
Unions call for govt action on Liberty Steel after Greensill collapse
UK trade unions called on the government to play an "active role" in securing the future of Liberty Steel after the high-profile collapse of the company's financial backer Greensill Capital.
Vodafone to raise €2.8bn from Vantage Towers IPO
Vodafone said on Tuesday that it is expecting to receive around €2. 8bn from an initial public offering of its Vantage Towers business on the Frankfurt Stock Exchange.
Covid-19 hits home at Capital & Regional
Capital & Regional reported a slide in full-year income on Tuesday, after the pandemic closed stores and kept shoppers at home.
Victoria to issue another EUR 250m in senior secured notes
Flooring company Victoria said on Tuesday that, following the “very favourable” reception of its recent senior secured note offering on 23 February, it now intended to offer €250m (£214. 44m) in senior secured notes due 2028.
Midwich delivers record revenue performance, profits fall
Specialist audio visual distributor Midwich reported a record revenue performance in its full-year results on Tuesday, as its turnover improved 3. 7% year-on-year to £711. 8m, despite the challenges arising from the Covid-19 pandemic.
Ideagen buys compliance software firm Qualtrax in $14.9m deal
Regulatory and compliance software company Ideagen announced the acquisition of Qualtrax on Tuesday, to further extend its presence in the United States, for net cash of $14. 9m (£10. 73m).
CareTech trading in line as it navigates Covid and lockdowns
Social care and education services provider CareTech said on Tuesday that its trading in 2021 to-date was in-line with its and the market's expectations, and it had successfully maintained its “proactive approach” to managing the impact of the Covid-19 pandemic.
Avacta enters licence deal with Werfen subsidiary Biokit
Cancer therapy and diagnostics developer Avacta has entered into a licence agreement with Werfen subsidiary Biokit, it announced on Tuesday, to incorporate ‘Affimer’ reagents into a Biokit in-vitro diagnostic product.
Pent-up demand delivers strong first half for DFS
DFS Furniture reported a "resilient" first half on Tuesday and predicted trading would continue to strengthen as lockdown restrictions ease, boosting the shares.
Marshall Motor FY revenues and profits slide amid Covid-19 pandemic
Automotive retail group Marshall Motor said on Tuesday that full-year revenues and profits had slid in 2020 as a result of lockdown measures associated with the Covid-19 pandemic.
John Menzies swings to FY loss as Covid batters air industry
Aviation services group John Menzies swung to a full-year loss as the Covid-19 pandemic battered the travel industry last year.