News And Announcements
Tribal Group buys Swansea-based Crimson for up to £10m
Tribal Group said on Friday that it has bought Crimson, a Swansea-based provider of customer relationship management based solutions to the education market, for up to £10m.
RA International expands work with UN in Somalia
Remote locations service provider RA International has been awarded a new contract by the United Nations Support Office in Somalia (UNSOS) to provide vehicle and equipment fleet operation and first line maintenance services in up to 10 locations, it announced on Friday.
Advanced Oncotherapy secures £12.35m through loan and subscription
Proton therapy developer Advanced Oncotherapy has secured additional financing of £12. 345m in the form of a two-year secured debt facility with Credit Suisse for £10m, and a direct subscription raising a total of £2. 345m from predominantly Swiss institutional investors, it announced on Friday.
Symphony pleased with recent EC decision over oxo-degradable plastics
Symphony Environmental Technologies advised on Friday that, further to its statement on 15 March, that the European Chemicals Agency (ECHA) had been instructed by the European Commission to close the oxo-degradable plastics restriction process which began in December 2017.
Acquisitions help boost Premier Technical Services Group in first quarter
Niche specialist services provider Premier Technical Services Group announced a trading update for the 12 weeks ended 31 March on Friday, reporting that trading during the first quarter had been “strong”, with the recent acquisitions of Guardian and Trinity performing ahead of management expectations.
Oncimmune begins study to bring 'EarlyCDT-Lung' to China
Oncimmune Holdings, alongside its partner Genostics Company, announced the start of a multi-centre case control study on early lung cancer detection for screening and nodules in the People's Republic of China on Friday, using an extended panel of autoantibodies to accommodate variations in the biomarkers expressed on cancer cells in Asian populations.
Danske Bank appoints former ABN Amro banker as new CEO
Danske Bank has appointed the former head of ABN Amro's global retail and private banking activities, Chris Vogelzang, as its new chief executive officer.
Old boys' club LME hires Huey Evans as first woman chair
The London Metal Exchange has appointed Gay Huey Evans as the first woman to chair one of the City’s last bastions of unreconstructed male behaviour.
David Beckham pays $50m for full control of brand business
David and Victoria Beckham have paid $50m (£38m) to take full control of the ex-footballer’s brand business from long-time business partner Simon Fuller.
Thyssenkrupp ditches plans to split itself, announces lifts business IPO
German steel company Thyssenkrupp announced on Friday that it was ditching its plans to split into two divisions and instead opting to list its lifts business, amid expectations that the European Commission will block its planned joint venture with Tata Steel.
Hamleys toy store sold to Indian tycoon for £70m
India's richest man Mukesh Ambani has purchased London's iconic toy store Hamleys in a £70m deal.
IAG profit buffeted by fuel costs and competition
International Consolidated Airlines’ (IAG) profit more than halved in the first quarter as the owner of British Airways was buffeted by rising fuel costs, currency swings and stiff competition.
SolGold upbeat on recent exploration at Coangos in Ecuador
SolGold updated the market in its exploration activities at the wholly-owned Coangos Project in southeastern Ecuador, held by its subsidiary Cruz Del Sol, on Friday, reporting that initial geochemical sampling had identified four anomalous areas in the in the Coangos 2, Chimius and Chimius 2 tenements.
PME African losses widen as it seeks to sell Dar-es-Salaam property
PME African Infrastructure Opportunities announced its audited results for the year ended 31 December on Friday, with its net asset value falling to $3. 7m from $5. 2m year-on-year.
Vp acquires equipment rental firm Sandhurst for £3.3m
Equipment rental company Vp announced the acquisition of the entire issued share capital of Sandhurst for a cash consideration of £3. 325m on Friday.
Lonmin warns on sales as takeover drags on
Lonmin warned annual sales would be at the lower end of expectations on Friday after production fell and the platinum miner was disrupted by delays to its planned takeover.
Provident continues to condemn NSF offer amid lack of shareholder acceptance
Provident updated the market once again on the contentious unsolicited officer for its shares from Non-Standard Finance on Friday, reporting that 96% of shares held by independent shareholders had not been assented to the offer.
Chemring gets early insurance payout, secures two new contracts
Defence contractor Chemring said on Friday that its 2019 results will now be less weighted towards the second half following an early insurance payout, as it announced two contract wins.
AstraZeneca sees positives in latest roxadustat data
AstraZeneca announced top-line results from the pooled cardiovascular safety analyses of the global phase 3 programme for roxadustat on Friday, which its described as a first-in-class hypoxia-inducible-factor prolyl hydroxylase inhibitor.
Millennium & Copthorne Q1 profit hit by refurbishments
Millennium & Copthorne posted a drop in first-quarter revenue and pre-tax profit on Friday as it took a hit from the refurbishment of some of its hotels.