News And Announcements
LSE shareholders reject attempt to oust chairman Brydon
London Stock Exchange shareholders have voted down an activist investor's attempt to sack LSE chairman Donald Brydon.
Carnival profits fall on higher operating costs
British cruise company Carnival raised its fourth quarter dividend by 29% on Tuesday as full-year revenues increased despite higher fuel and operating costs which weighed on profits.
Koovs upbeat despite market challenges
India-focussed fashion e-commerce retailer Koovs issued its interim results for the six months to 30 September on Tuesday, with gross sales at £7. 9m for the period.
Dalata Hotel Group ending year as anticipated
Dalata Hotel Group issued a market update on Tuesday, reporting that trading in the final four months of the year has been as expected with EBITDA for the year to 31 December expected to be in line with market expectations.
Escape Hunt pleased with progress despite UK delays
Escape-the-room experience provider Escape Hunt updated the market on its strategic progress and and operations on Tuesday, with its board saying it was “pleased” with progress as it has continued to develop its approach to growing the early-stage business.
Ryanair confirms it will recognise pilot unions
Following its announcement last week, budget airline Ryanair confirmed on Tuesday that it will recognise pilot unions for the first time in its history and that it will meet with cabin crew unions, as it looks to avert a strike in the run-up to Christmas.
Epwin sells Indigo Products for £1 after Entu collapse
Low-maintenance building products manufacturer Epwin Group has disposed of one of its subsidiaries, Indigo Products, to Indigo Acquisitions, it announced on Tuesday.
Prospex agrees to acquire minority interest in Tesorillo Project
Prospex Oil and Gas has agreed to acquire up to a 49. 9% interest in the Tesorillo Project in southern Spain, it announced on Tuesday.
NWF Group confident in achieving full-year expectations
Specialist agricultural and distribution business NWF Group updated the market on its trading for the half year to 30 November on Tuesday, reporting that it was ahead of the prior year with the board retaining confidence in delivering full-year expectations.
Shire Hunter syndrome drug fails to meet primary and secondary endpoints
Shire said on Tuesday that clinical trials for a drug to treat Hunter syndrome in children, SHP609, failed to meet their primary and secondary endpoints.
ECO Animal Health gets marketing authorisation for Aivlosin in Philippines
ECO Animal Health Group announced on Tuesday that its subsidiary, ECO Animal Health Limited, has received a marketing authorisation from the Animal Feeds, Veterinary Drugs and Biologics Control Division of the Bureau of Animal Industry of the Department of Agriculture in the Republic of the Philippines for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.
Redhall's Jordan Manufacturing wins nuclear contract
AIM-listed manufacturing and services group Redhall said on Tuesday that its Jordan Manufacturing business has secured a key role in support of Cavendish Nuclear, a subsidiary of Babcock International.
Ramaphosa's election boosts South African-exposed shares
Shares in Anglo American, Old Mutual and Lonmin rose after the election of Cyril Ramaphosa as leader of South Africa's ruling ANC party.
London Stock Exchange sees 100 new listings for first time in three years
Israeli mining company Shefa Yamim became the 100th company to float on the London Stock Exchange in 2017 on Monday, marking the first time the barrier had been broken in three years on the back of heightened international interest and an increased level of investment fund listings.
Escher Group secures new $8m revolving credit facility
AIM-listed Escher Group, which provides outsourced, point of service software for use in the postal, retail and financial industries, has secured a new $8m revolving credit facility from Bank of Ireland Corporate Banking.
Old Mutual agrees management buyout of single strategy business
Old Mutual has agreed to sell its single strategy business for £600m in a management buyout led by the division's chief executive Richard Buxton.
Hikma Pharmaceuticals agrees licensing deal with Celltrion
Hikma Pharmaceuticals has reached a licensing agreement with South Korea-based Celltrion for Truxima ((rituximab), the first biosimilar monoclonal antibody in oncology to be granted European marketing authorisation.
Horizonte Minerals to acquire Vermelho project from Vale
Brazil-focussed nickel development company Horizonte Minerals announced on Tuesday that it has reached an agreement with Vale to acquire 100% of the advanced Vermelho nickel-cobalt project in Brazil.
GoCompare to buy MyVoucherCodes for £36.5m
Price comparison website GoCompare announced on Tuesday that it has agreed to buy MyVoucherCodes. co. uk from Monitise for £36. 5m in cash, as it said 2017 operating profit is expected to be at the upper end of market expectations.
Base Resources to acquire majority of Toliara Sands Project
Base Resources has reached agreement with World Titane Holdings to acquire an initial 85% interest in the wholly-owned Mauritian subsidiaries of World Titane, which between them hold a 100% interest in the Toliara Sands Project in Madagascar, it announced on Tuesday.