Company News
Tuesday preview: China CPI, ZEW index in focus
The market spotlight on Tuesday will shift to Asia where Chinese authorities will publish the first of the week's main economic reports, covering inflation in the world's second-largest economy.
UK retail sales rise after easing of lockdown - BRC
UK retail sales rose 7. 3% in April, boosted by strong demand after non-essential stores reopened, industry figures showed.
Amino Technologies bids for bankrupt tech firm MobiTV
Television technology company Amino Technologies has submitted a bid through a wholly-owned subsidiary to acquire the trade and assets of MobiTV and MobiTV Services Corporation, a United States-based live and on-demand television platform provider, it announced on Monday.
Treasury said to be mulling £1bn NatWest sale
The government is preparing to sell up to around £1bn of NatWest Group, it was reported on Monday, taking the Treasury closer to minority shareholder status.
Director dealings: Vitec CEO lowers stake
Vitec Group revealed on Monday that chief executive Stephen Bird had disposed of 125,000 ordinary shares in the London-listed video streaming solutions provider.
Water Intelligence wins another US national insurance account
Leak detection and remediation technology company Water Intelligence announced another insurance national account win on Monday, its third for the year-to-date.
Trulieve Cannabis and Harvest agree $2.1bn takeover
Trulieve Cannabis is to snap up Harvest Health & Recreation in a $2. 1bn deal, one of the fledgling industry’s largest-ever.
STM sells Jersey-based trust services business
Cross-border financial services provider STM Group announced the unconditional sale of its Jersey-based trust and company services businesses for a minimum of £1. 4m cash.
Hotel Chocolat upgrades full-year expectations
Premium chocolatier Hotel Chocolat said on Monday that trading for the year to 27 June 2021 is set to be "significantly ahead" of expectations as it reported a jump in revenues.
Polarean Imaging gets another research unit order
Medical imaging technology company Polarean Imaging has received an additional research unit order for a ‘9820 Xenon Polariser’ system from the University of British Columbia (UBC), it announced on Monday.
Corcel acquires stake in 'shovel ready' gas peaking project
Exploration and development company Corcel said on Monday that it had acquired a 40% interest in the "shovel ready" Tring Road gas peaking project outside of Aylesbury from Arlington Energy.
Eden Research's 'Cedroz' gets approval in Italy
Biopesticides company Eden Research announced on Monday that its commercial collaborator Eastman Chemical Company has received authorisation for the sale of ‘Cedroz’ in Italy.
Hurricane reports lower oil production rate at Lancaster
UK-based oil and gas company Hurricane Energy updated the market on Lancaster field operations on Monday, reporting that in April, as part of its periodic reservoir management well testing programme, the field was producing from both the P6 and P7z wells in various different configurations and at various production rates, including periods of well shut-ins for pressure build-up tests.
Midwich restarts dividends as trading beats expectations
Midwich Group restarted dividends after trading beat forecasts and the company predicted annual profit well ahead of expectations.
Begbies Traynor acquires Midlands finance broker MAF
Begbies Traynor Group announced the acquisition of Midlands-based finance broker MAF Property on Monday, which trades as MAF Finance Group.
Dunelm sets targets for bosses' share awards
Dunelm's bosses will have to increase earnings by 23% a year to receive a full share payout under their long-term incentive plan (LTIP), the company said.
Fourth quarter cash revenue in line for Duke Royalty
Alternative capital provider Duke Royalty updated the market on trading in its fourth quarter on Monday, reporting cash revenue from partner distributions and gains from equity asset sales in line with expectations, totalling £2. 5m.
SmartSpace EBITDA loss widens as it focuses on recurring revenue
Building and commercial space management software company SmartSpace Software reported a 64% improvement in recurring revenues in its final results on Monday, to £2. 4m.
Open Orphan subsidiary signs contract to make Covid-19 challenge virus
Specialist pharmaceutical services contract research organisation Open Orphan announced on Monday that its subsidiary hVIVO has signed a contract with Imperial College London, as part of a Wellcome Trust-funded initiative to manufacture a SARS-CoV-2 challenge virus.
Powerhouse Energy enters Hungary and Greece deal with HUI
Waste-to-hydrogen technology company Powerhouse Energy Group has agreed to enter into non-binding heads of terms with Hydrogen Utopia International (HUI), it announced on Monday, with a view to granting an exclusive non-transferable licence for the application of its ‘DMG’ technology in Greece and Hungary.