News And Announcements
Coca Cola HBC appoints Naya Kalogeraki as COO
Coca-Cola HBC AG named Naya Kalogeraki to the newly-created role at the firm of chief operating officer.
GSK partners with Canada's Medicago to develop plant-based Covid-19 vaccine
GlaxoSmithKline has teamed up with Canada's Medicago to develop a vaccine which its hopes will be ready for use in the first half of 2021.
Seeing Machines welcomes US bill, plays down Europe delay
Computer vision technology company Seeing Machines was upbeat on news from the United States on Tuesday, after the passage of the 'Moving Forward Act' in the House of Representatives.
Frontier IP investment Celerum subcontracted by PlanSea Solutions
Intellectual property specialist Frontier IP announced on Tuesday that its portfolio company, Celerum, has been subcontracted to support software development for Aberdeen-based PlanSea Solutions.
River Island to axe 250 jobs - report
River Island has become the latest high street name to warn of imminent job losses, it was reported on Tuesday.
Ineos considering switching Grenadier production from UK to France
Ineos is considering switching production of its new Grenadier off-roader from Wales to France, after German car giant Daimler put a factory up for sale.
Gunsynd raises another £0.1m due to 'excess demand'
Gunsynd announced on Tuesday that, following its fundraising announcement on Monday, and in order to satisfy excess investor demand, it has placed another 16 million new shares to raise £0. 1m.
Live Company makes some serious savings as events restart
Live Company Group said it had made “significant” cost saving initiatives during the second quarter on Tuesday, identifying total savings of £2. 1m of overheads and other operating costs against its original budget for the year.
SkinBioTherapeutics confident in timelines amid Covid crisis
SkinBioTherapeutics updated the market on its operations on Tuesday, reporting that it ended the 12 months to 30 June with a “solid” cash balance of £2. 1m, down from £2. 5m at the end of December.
Micro Focus shares slump as it swings to interim loss
Shares of Micro Focus slumped on Tuesday after the software company said it swung to an interim loss as it recorded a goodwill impairment charge related to the Covid-19 outbreak and struck a cautious note on the outlook.
HSBC to cut jobs at French investment bank - reports
HSBC plans to cut more than a third of the 678 jobs at its French investment banking business as part of the bank's wider push to slash costs, according to reports.
Ferrexpo Q2 production rises, sales jump
Swiss iron ore company Ferrexpo recorded a jump in second-quarter production and sales on Tuesday, stating that the Covid-19 pandemic had only a minimal impact on the group.
Renewi trading update beats expectations
Renewi saw its shares jump in morning trading on Tuesday, after the recycling specialist revealed it had fared better than expected during the Covid-19 crisis.
Rent collection improves for RDI REIT
RDI REIT said on Tuesday that across its portfolio, around 70. 1% of gross rents or income due and demanded was collected for either the June quarter, or the month of June where rents were billed monthly.
Open Orphan signs three new contracts with third parties
Pharmaceutical services company Open Orphan announced on Tuesday that, as part of opening its hVIVO laboratory services to third parties, it has signed three new contracts with third parties.
Burford Capital files for Wall Street listing
Burford Capital has begun the formal process of seeking a US listing, the litigation finance firm confirmed on Tuesday.
Pure Gold upbeat on latest Red Lake drilling results
Pure Gold Mining announced on Tuesday that underground exploration drilling at the Red Lake Mine, initiated in June, intersected high-grade gold mineralisation from both infill and step-out drill holes.
Zenith Energy enters joint venture deal with Congolese firm
Africa-focussed oil and gas development and production company Zenith Energy has entered into a joint venture agreement with a local energy player in the Republic of the Congo, it announced on Tuesday.
Polypipe to cut 250 jobs but says trends improving
Polypipe announced plans on Tuesday to cut around 250 jobs due to the impact of the coronavirus pandemic, but said it had seen an improvement in trading since its last update in May.
FinnCap posts record quarter as clients raise cash
FinnCap reported its best ever quarter in the three months to the end of June as it advised on fundraising for companies investing in Covid-19-related projects and strengthening their balance sheets.