News And Announcements
Uber in talks to take over Deliveroo, hitting Just Eat
Uber is in early-stage talk to buy Deliveroo to boost its food delivery services, news that sent Just Eat shares sagging to a one-year low.
RBC Capital starts Paragon at 'sector perform'
RBC Capital Markets initiated coverage of Paragon Banking Group at 'sector perform' with a 500p price target on Friday, noting that buy-to-let growth is still strong and Paragon is the only lender with an expanding margin.
OKYO adds experienced research director to team
Biotechnology company OKYO Pharma announced the appointment of Raj Patil as its senior director of research and development on Friday.
Xeros Technology signs 10-year deal with Le Farc
Water saving technologies developer Xeros Technology Group has signed a 10-year contract with Le Farc, to convert its re-tanning operations in León, Mexico to use Xeros' patented polymer technology, it announced on Friday.
Thalassa Holdings reourchases another 50,000 shares
Thalassa Holdings announced on Friday that, on Thursday, it purchased 50,000 of its shares at a price of 94p each.
Moss Bros swings to loss, warns over FY profit
Moss Bros pinned the blame on the World Cup and the hot weather on Friday as it said it swung to a loss in the first half and warned that full-year operating profit will be "materially" lower than current market expectations of £2. 3m.
Tower Resources and operator seek farm-out partner at Algoa-Gamtoos
Africa-focussed oil and gas company Tower Resources updated the market on its Algoa-Gamtoos licence in South Africa, in which it holds a 50% interest through its wholly-owned subsidiary Rift Petroleum, together with the operator New Age Energy Algoa, on Friday.
Mercia Technologies investee companies reach 'significant' milestones
Technology business investment group Mercia Technologies told shareholders on Friday that, since its 31 March year-end, its direct investment portfolio had continued to make “good overall progress”.
Armadale reports progress in Tanzania, appoints China consultant
Natural resources investment company Armadale Capital announced “significant progress” on the 2018 field work programme underway at its Mahenge Liandu Graphite Project in Tanzania on Friday.
Andalas Energy acquires interest in Colter prospect
Upstream oil and gas and energy company Andalas Energy and Power has, through its 100%-owned subsidiary Resolute Oil & Gas UK, entered into an agreement with Corallian Energy to acquire, via a farm-in, an 8% interest in UK Continental Shelf Licence P1918 which contains the Colter prospect, as well as PEDL 330 and PEDL 345.
Jadestone acquisition of Montara project clear to proceed
Independent oil and gas production company Jadestone Energy announced on Friday that all conditions precedent to its proposed acquisition of the Montara oil project, offshore Australia, were now satisfied.
AMG Superalloys enters renewable power agreement with Orsted
AMG Advanced Metallurgical Group announced on Friday that AMG Superalloys has entered into a multi-year agreement with Ørsted to purchase 100% of its power requirements from renewable sources, starting in October 2018.
Smurfit Kappa shows off new 'Shelf Facer' solution
Smurfit Kappa talked up its new ‘ShelfSmart’ service in an announcement on Friday, including its new packaging solution, ‘Shelf Facer’.
Carr's buys animal health products maker Animax for up to £8.5m
Agricultural and engineering group Carr's has announced the acquisition of Suffolk-based animal health products maker Animax for up to £8. 5m in cash.
Smiths Group's return to revenue growth fails to impress
Smiths Group returned to growth last year as underlying revenue increased but currency swings and reclassification of costs sent reported annual profit down 8%.
Lloyd's of London bounces back after disasters of 2017
Lloyd’s of London returned to profit in the first half of 2018 as the insurance market recovered from a series of catastrophes that hit its members in late 2017.
SIG accelerates transformation after first-half profits decline
SIG blamed a 22% fall in profits in the first half of the year on poor weather and fewer people moving home as the building products supplier said it was accelerating its transformation process to meet full year targets.
Shire gets approval for hereditary angioedema treatment in Japan
Rare disease specialist Shire announced on Friday that the Ministry of Health, Labour and Welfare (MHLW) in Japan has granted manufacturing and marketing authorisation for its ‘FIRAZYR’ icatibant injection, for the acute treatment of hereditary angioedema (HAE) attacks in adult patients with HAE.