News And Announcements
Telford Homes buys Walthamstow development site for £33.9m
AIM-listed residential property developer Telford Homes has exchanged contacts with U+I and Parkdale Investments for the purchase of a "significant" residential-led development site in Walthamstow for £33. 9m.
Ofcom defeats BT and Three appeals over 5G spectrum auction
Regulator Ofcom has defeated two legal challenges over its forthcoming 5G mobile spectrum auction from BT's EE and smaller rival network Three, though an appeal is likely.
High speed broadband to become legal right in UK
High speed broadband is to be made a legal right for all UK households, the government proposed on Wednesday, though experts suggested the new regulatory 'universal service obligation' is likely to result in a levy on providers and higher bills for everyone.
Midatech begins next clinical trial of Gelclair
Specialty pharmaceutical company Midatech Pharma announced on Wednesday that its US subsidiary has initiated a Phase IV clinical trial at Dana-Farber/Brigham and Women's Cancer Center to study the effects of ‘Gelclair’ bio adherent oral gel on various aspects of oral mucositis (OM) - a common side effect experienced by patients undergoing stem cell transplant.
Frenkel Topping widens strategy as turnaround continues
Specialist independent financial advisor and asset manager Frenkel Topping provided a strategic update for the group on Wednesday.
Ethernity signs contract with Australian networking equipment maker
Technology solutions provider and developer of network data processing technology Ethernity Networks announced the signing of a contract with a global networking equipment manufacturer based in Australia on Wednesday, which would incorporate Ethernity's patented data flow processing technology into the customer's 10 Gbps point-to-point wireless solution.
Falanx confirms multi-year contract win with financial services firm
Global intelligence, security and cyber defence provider Falanx announced a multi-year contract win with an unnamed ‘Global 50’ company, it announced on Wednesday.
Playtech ups Sageder's maximum earn-out by €35m
Playtech has increased the maximum payout to the head of its new sports division by €35m by lifting the cap to €95m.
Low & Bonar tanks as CEO is poached by Fenner, warns on profit
Shares in Low & Bonar tumbled on Wednesday as the performance materials specialist announced the resignation of chief executive Brett Simpson with immediate effect and said adjusted pre-tax profit for the year would be hit by a weaker-than-expected final quarter in the coated technical textile business.
Carillion wangles earlier start for new CEO
Embattled Carillion has negotiated an earlier start date for new chief executive, Andrew Davies, who will now begin work more than two months before he was expected.
Tesco's takeover of Booker gets competition clearance
The competition regulator has cleared Tesco's contentious £3. 7bn takeover of Booker after a seven-month investigation.
Post Office secures £370m of new funding from government
The government has announced £370m of fresh funding for the Post Office.
Roger Devlin named as next William Hill chairman
William Hill announced the appointment of Roger Devlin as its chairman-designate with effect from 1 February on Wednesday.
Bodycote signs outsourcing agreement with Doncasters Group
Bodycote, a provider of heat treatment and specialist thermal processing services, has entered into a long-term agreement to provide Doncasters Group with its hot isostatic pressing and heat treatment requirements in the UK.
Drax Group to take £10m hit amid unplanned power station outage
Following an unplanned outage on the rail unloading facilities at Drax Power Station, Drax Group confirmed on Wednesday that biomass deliveries are currently restricted and, in order to optimise available supplies, generation on the two renewable obligation certificate (ROC) units has been reduced.
NMC Health expands strategy as growth continues
United Arab Emirates-focussed integrated healthcare provider NMC Health updated the market on Wednesday, reporting that operations during the second half have continued to perform in line with expectations.
Micro Focus says HPE's John Schultz has quit board
Micro Focus International said John Schultz had left its board and would be replaced by an independent non-executive director.
Shaftesbury acquires more shops on Neal Street, anticipating Crossrail
London property developer Shaftesbury has snapped up six buildings on Neal Street near Covent Garden for £24. 6m.