News And Announcements
Braveheart investment buys automated face mask production line
Braveheart Investment Group announced on Friday that Pharm 2 Farm, in which it has a controlling interest, has placed an order for an automated face mask production line, which is expected to be delivered in November and commissioned by the end of December.
Eagle Eye product powering Pret coffee subscription service
Software-as-a-service marketing technology company Eagle Eye announced on Friday that sandwich chain Pret A Manger is using its ‘AIR’ platform for its new coffee subscription service.
GYG signs letter of intent for new-build yacht
Superyacht painting, supply and maintenance company GYG announced the signing of a letter of intent for a 100+ metre new build yacht in Europe on Friday, scheduled to start in the second quarter of 2021.
Pearson shareholders revolt over new boss Bird's pay
Pearson's new boss Andy Bird has got off to a bad start with the company's investors after almost a third of shareholder votes opposed the $9. 4m (£7. 3m) pay deal he agreed to run the company.
Ryanair to cut October capacity by 20% as Covid restrictions dent bookings
Ryanair said on Friday that it will cut its October capacity by another 20% as Covid-related travel restrictions continue to dent bookings, and warned that further cuts to the winter schedule are likely.
Roche rises after launch of Covid-19 antibody test
Roche shares rose to a three-month high after the Swiss drugmaker launched a Covid-19 antibody test and said its drugs reduced the need for coronavirus patients to use ventilators.
Pension fund withdraws support for Glencore's Valeria coal project
Glencore's plans for a new coal mine in Australia's Bowen Basin have run into unexpected opposition from a potentially key stakeholder.
Renalytix AI commercially launches KidneyIntelX
Artificial intelligence kidney diagnostics technology company Renalytix AI announced the commercial launch of its ‘KidneyIntelX’ clinical test reporting platform within the Mount Sinai Health System in New York City on Friday.
Empire Metals secures drilling contractor for Eclipse project
Resource exploration and development company Empire Metals has secured a drilling contractor to start the first phase of a two phase drilling programme at the Eclipse Gold Project, it announced on Friday, 55 kilometres north-east of Kalgoorlie in Western Australia, with work scheduled to begin on 28 September.
LSE in exclusive talks with Euronext over Borsa Italiana sale
London Stocks Exchange confirmed on Friday that it has entered into exclusive discussions with Euronext over the sale of Borsa Italiana, as it looks to get regulatory approval for its acquisition of data provider Refinitiv.
Intelligent Ultrasound submits FDA filing for AI software
Artificial intelligence-based ultrasound software and simulation company Intelligent Ultrasound has submitted its De Novo filing to the US Food and Drug Administration (FDA), it announced on Friday, for its ‘ScanNav AnatomyGuide Peripheral Nerve Block’ (PNB) artificial intelligence-based software.
Covestro says it is not in takeover talks with Apollo
Covestro, a German plastics maker, has said it is not in talks to be bought by US private equity firm Apollo Global Management.
Trackwise shares rise on new deal worth up to £38m
Printed circuit technology company Trackwise Designs has signed a three-year product manufacture and supply agreement with a UK manufacturer of electric vehicles, it announced on Friday, that has the potential to be worth up to £5m in 2021, and with the expectation of increased revenues in 2022 and 2023.
Polarean Imaging installs research unit at University of Kansas
Medical imaging technology company Polarean Imaging has installed its latest research unit order for a ‘9820 Xenon Polariser’ system at the University of Kansas Medical Center, it announced on Friday.
Crimson Tide profits surge in bumper first half
Mobility software company Crimson Tide reported a 40% improvement in turnover in its first half on Friday, to £1. 77, with Sales of £0. 23m and cost of goods sold of £0. 12m recognised due to IFRS 15.
Sterling Energy losses widen as it progresses Odewayne
Upstream oil and gas company Sterling Energy reported an adjusted EBITDAX loss of $0. 29m (£0. 11m) in its first half on Friday, widening from its first half loss of $0. 26m a year earlier.
NatWest mulls wind-down of Ulster Bank in Republic - report
NatWest is considering winding down Ulster Bank's operations in the Republic of Ireland after the Covid-19 crisis made the task of reviving the business harder, according to a report.
Fusion Antibodies soars on Covid-19 test progress
Fusion Antibodies shares soared after the antibody specialist said it had made progress on developing coronavirus antigen tests.
Games Workshop appoints Elaine O’Donnell as chair
Miniature wargames manufacturer Games Workshop has appointed Elaine O’Donnell as non-executive chair with effect from 1 January 2021.
JLEN takes on hydro projects through acquisition of NHHL
Environmental infrastructure fund JLEN announced the acquisition of Northern Hydropower Holdings (NHHL) on Friday, for total consideration, including working capital, of £4. 74m.