News And Announcements
Crossword Cybersecurity shares fall as losses widen
Shares in Crossword Cybersecurity fell on Monday as it reported a deepened interim loss, with higher costs more than outweighing revenue growth.
MTI Wireless Edge receives antenna order worth $1m
Communications and radio frequency solutions provider MTI Wireless Edge announced on Monday that its antenna division has received an order valued at around $1m (£0. 8m).
Urban Logistics acquires Connect Group portfolio of depots
Specialist industrial and logistics investor Urban Logistics REIT announced on Monday that it has exchanged contracts to acquire a portfolio of six parcel distribution depots from Connect Group for a total consideration of £9. 9m before purchaser costs, at a 7. 04% net initial yield.
Osirium Technologies expands relationship with public sector IT provider
Cloud-based cybersecurity technology vendor Osirium Technologies announced a “significant” contract win with an unnamed “major” UK provider of software and IT services to the public sector on Monday.
Seeing Machines sees revenues drive ahead
Australia’s Seeing Machines has forecast further growth in 2020 after full-year revenues jumped.
First Quantum Minerals denies takeover talks
First Quantum Minerals said on Monday that it is not engaged in discussions regarding a takeover bid but is in talks about a potential sale of a minority interest in its Zambian copper assets.
Mallinckrodt cheers investors with positive trial results
Shares in Mallinckrodt Pharmaceuticals jumped on Monday after the drug company reported positive results for a key Phase 3 clinical trial.
Whitbread buys three hotels in Germany
Premier Inn owner Whitbread said on Monday that it has bought three hotels in Germany for an undisclosed sum.
Pressure grows on WeWork founder to step aside - reports
Investors in WeWork are agitating for founder Adam Neumann to step down as chief executive, according to reports.
Brighton Pier thanks weather for bright start to the year
The owners of Brighton’s 120-year old Palace Pier said on Monday that the current year had got off to a sunny start thanks to record weather over the August bank holiday.
Sports Direct makes £4m cash offer for Goals Soccer Centres
Sports Direct waded back into the takeover market on Monday with a discounted £4m cash offer to buy out scandal-hit Goals Soccer Centres.
Marks & Spencer CFO to step down
High Street retailer Marks & Spencer on Monday said chief financial officer Humphrey Singer had decided to leave the company after only 14 months in the job.
Thomas Cook collapses after rescue talks fail
Travel operator Thomas Cook finally collapsed on Monday as last-minute talks to save the industry giant failed, leaving 600,000 holidaymakers stranded around the world and putting 22,000 global jobs at risk.
Avation delivers second new ATR 72 to US-Bangla Airlines
Commercial passenger aircraft leasing company Avation has delivered a second new ATR 72-600 aircraft, with manufacturer's serial number 1563, to the south Asian operator US-Bangla Airlines. , it announced on Monday.
Harvest Minerals expands mining area at Arapua Project
Fertiliser producer Harvest Minerals has expanded the current mining area and added additional run-of-mine storage capacity at its Arapua Project in Brazil, it announced on Monday.
Sylvania Platinum launches share buyback to cover treasury shortfall
Sylvania Platinum announced on Monday that it intends to acquire up to 4. 2 million ordinary shares under a share buyback.
Evgen Pharma upbeat on latest news from SFX-01 studies
Clinical stage drug development company Evgen Pharma announced on Monday that five patients who participated in the ‘STEM’ trial received ‘SFX-01’ treatment for more than one year, with two of those patients continuing to be treated with SFX-01.
Northgate reiterates Brexit caution as strategic review continues
UK, Ireland and Spain-focussed light commercial vehicle hire specialist Northgate told shareholders that its strategic review, focussed on the company’s “significant intrinsic value”, was ongoing on Monday, as they gathered for their annual general meeting.
Mkango's Magninito inks deal with magnet recycling pioneer HyProMag
Mkango Resources announced on Monday that its majority-owned subsidiary Maginito has signed an investment term sheet and one-year exclusivity agreement with HyProMag - a private company focused on rare earth magnet recycling.
World High Life to buy cannabis oil supplier Love Hemp for £9m
Medical cannabis investment company World High Life has agreed to buy London-based cannabis oil supplier Love Hemp for up to £9m.