Company News
Ultra Electronics 'minded' to recommend £2.58bn Cobham offer
UK defence company Ultra Electronics on Friday said it was minded to recommend a £2. 58bn takeover bid from Cobham to shareholders.
Premier Foods FY profit seen at top end of expectations
Mr Kipling owner Premier Foods said on Friday that full-year adjusted pre-tax profit was set to be at the top end of its expectations after "a very encouraging start to the year".
AAA still 'fully committed' after Audioboom rejects offer
All Active Asset Capital (AAA) updated the market on its proposed acquisition of podcast provider Audioboom on Friday, after Audioboom rejected its possible offer a day earlier.
NatWest to take minority stake in Irish lender PTSB
NatWest will take a minority stake in Permanent TSB Group (PTSB) in a potential deal to sell €7. 6bn of assets to the Irish lender.
Vela Technologies in 'advanced states' of new director appointment
Vela Technologies updated the market on its intention to add another director to the board on Friday, saying it was in the “advanced stages” of appointing an executive director.
Quantum Exponential to float on Aquis Stock Exchange
Quantum Exponential plans to float on the Aquis Stock Exchange Growth Market in anticipation of growing interest in quantum technologies.
Gateley buys Tozer Gallagher for up to £700,000
Legal and professional services group Gateley has bought Tozer Gallagher, a practice of chartered quantity surveyors and construction consultants, for a up to £700,000.
MJ Hudson acquires Guernsey-based fund administrator
Specialist asset management service provider MJ Hudson has acquired the entire share capital of Saffery Champness Fund Services (SCFS), a Guernsey based fund administration business, from the accountancy group Saffery Champness.
Vodafone Q1 revenues rise as Europe, Africa return to growth
Telecoms operator Vodafone reported a better-than-expected rise in first quarter revenue as European and African services returned to growth.
Cora Gold upbeat on eighth set of drill results from Sanankoro
West Africa-focussed Cora Gold announced the eighth set of drill results from its largest ever drilling campaign at the Sanankoro Gold Project in southern Mali on Friday.
Ted Baker to move to new Fitzrovia HQ, save on rent
Fashion brand Ted Baker said on Friday that it has secured a new global HQ at 101 on Cleveland in the heart of Fitzrovia, London, and that the move will result in cost savings.
Prime People swings to losses in pandemic year
Specialist recruitment company Prime People reported revenue of £17. 8m in its final results on Friday, down from £23. 99m year-on-year, as its net fee income slipped to £10. 93m from £15. 52m.
Oncimmune inks research deal with Dana-Farber Cancer Institute
Immunodiagnostics group Oncimmune has signed an autoantibody profiling contract with Dana-Farber Cancer Institute, based in Boston, Massachusetts, it announced on Friday.
Insig AI enters binding deal with investment manager CarVal
Data science and machine learning technology company Insig AI announced on Friday that alternative investment manager CarVal Investors has entered into binding heads of terms with its wholly-owned subsidiary Insig AI Corporation, for Insig AI to combine its environmental, social and governance (ESG) tools with CarVal's proprietary ESG risk scoring methodology.
Simec Atlantis shares surge as receivers resign from major shareholder
Sustainable energy generator Simec Atlantis Energy updated the market on the status of its major shareholder, Simec UK Energy, which holds around 41% of the company, and over which receivers were appointed in May/.
Fusion Antibodies receives first research milestone payment
Preclinical antibody discovery, engineering and supply company Fusion Antibodies has achieved its first research milestone payment as part of its ongoing collaboration with a major client, it announced on Friday.
Brewin Dolphin reports record gross discretionary inflows
Brewin Dolphin reported record gross discretionary fund inflows in its third quarter on Friday, at £1. 3bn, rising from the £1. 0bn it recorded for the second quarter.
Beazley swings back to profit in first half
Beazley reported a first-half profit before tax of $167. 3m (£121. 81m) on Friday, swinging from a loss before tax of $13. 8m in the first half of the prior year.
Hotel Chocolat raises £40m as it aims to become 'digital-led' brand
Premium chocolatier Hotel Chocolat said on Friday that it has raised £40m in a share placing as it looks to become a "digital-led" chocolate brand.
UK retail sales rise in June, boosted by Euros
UK retail sales rose between May and June, helped along by the Euros, according to figures released on Friday by the Office for National Statistics.