News And Announcements
Royal Mail wins legal battle to stop Christmas postal strikes
Royal Mail won a legal battle to prevent a union battle for a postal strike ahead of Christmas after the High Court backed an application for an injunction.
Eco Atlantic makes progress with two recent Guyana discoveries
Eco Atlantic Oil & Gas updated the market following initial well results analysis on its two recent oil discoveries in Guyana on Wednesday.
Velocys delivers reactors and catalyst to Toyo in Japan
Velocys has constructed and now delivered Fischer-Tropsch (FT) reactors and catalyst to Toyo Engineering Corporation for use in a biomass-to-jet fuel demonstration facility in Nagoya, Japan, it announced on Wednesday.
Inspirit Energy shares surge as it makes inroads into various sectors
Micro combined heat and power (microCHP) boiler developer Inspirit Energy Holdings updated shareholders on its recent progress on Wednesday, announcing that it had taken further steps in applying its Stirling engine application for its mCHP boilers in “diversified” sectors.
Apollo Global Management to buy Tech Data in $5.4bn deal
Tech Data has agreed to be bought by private equity firm Apollo Global Management in a $5. 4bn deal.
Eqtec signs deal to develop biomass project in France
Gas-to-energy technology company Eqtec announced on Wednesday that, via its wholly-owned subsidiary Eqtec Iberia, it has entered into an agreement for the development of a proposed 1. 18 MW net biomass gasification power plant project in Gratens, France.
Mars to launch vegan Galaxy bar in UK
Mars is set to launch its vegan version of the classic Galaxy chocolate bar in the UK and fill the gap of vegan milk chocolate.
Private equity firm offers to take controlling stake in Eddie Stobart
Eddie Stobart said on Wednesday that private equity firm DouglasBay has offered to buy a controlling interest in the transport and logistics company.
JD Wetherspoon backs FY expectations as sales rise
JD Wetherspoon backed its full-year expectations on Wednesday as it posted 5. 6% increase in total sales for the 13 weeks to 27 October.
Biffa lifts payout after acquisitions spur profit growth
Biffa on Wednesday reported an increase in interim profit, leading the waste management giant to boost its half-year dividend and reiterate full year expectations.
Jangada Mines identifies multiple routes to market for Pitombeiras
Natural resources company Jangada Mines announced the conclusions of a logistic study it commissioned to assess possible routes to market for the products extracted from its Pitombeiras Vanadium Project in the Brazilian state of Ceará on Wednesday.
Avacta Group reports solid progress in partnership with LG Chem
Biotherapeutics developer Avacta Group updated the market on the ‘Affimer’ therapeutics development partnership and license agreement with LG Chem Life Sciences, part of the South Korean LG Group, to develop Affimer therapeutics in several disease areas on Wednesday.
Accesso Technology remains in talks with potential suitors
Leisure, entertainment, hospitality and attractions technology provider Accesso Technology Group updated the market on its announced formal sale process on Wednesday, which remains ongoing.
Tullow Oil cuts production forecasts as Ghana problems persist
Shares in Tullow Oil slumped on Wednesday as the company cut its 2019 oil production and free cash flow estimates due to problems at its Ghana operations.
BBA Aviation sees FY earnings in line with forecasts
Aviation support services company BBA Aviation expects full-year underlying earnings to be in line with expectations following an improved performance from its Signature and Ontic units.
Workspace hikes dividend despite drop in profit
Workspace on Wednesday reported a drop in interim profit but raised its dividend after an increase in the size of its portfolio led to double-digit rental income growth.
Energean revenues slip but production guidance backed
Oil and gas producer Energean recorded a slight drop in year-to-date revenues on Wednesday but still maintained its full-year production guidance.
Spirax-Sarco profits rise despite sales growth decline
Spirax-Sarco Engineering on Wednesday reported an increase in profit and left its full-year expectations unchanged, but also warned of a slowdown in sales growth.
BioPharma Credit pours cash into US firms Epizyme and Akebia
Specialist life sciences debt investor BioPharma Credit has entered into two separate loan agreements, where it will invest $52. 5m now and up to an additional $32. 5m over the next 12 months, it announced on Wednesday.
CLS Holdings buys office building in Harrow
Property investment firm CLS Holdings has exchanged contracts to buy One Six Six on College Road in Harrow for £13. 8m, excluding costs.