News And Announcements
Oil majors vie to partner Qatar in vast LNG project - report
Six of the world’s biggest energy firms are competing to partner Qatar on the country's ambitious plans to significantly increase liquefied natural gas output.
Late-stage trial confirms high efficacy of Novavax Covid-19 jab
Novavax's Covid-19 vaccine is highly effective against Covid-19 and the company is on track to produce as many as 150m doses per month by the end of 2021.
Evgen upbeat on new data on potential breast cancer treatment
Clinical-stage drug development company Evgen Pharma announced new preclinical data on Monday, which showed ‘SFX-01’ could be of benefit to metastatic breast cancer (mBC) patients who had become resistant to CDK4/6 inhibitors.
Synectics narrows losses in 'subdued' first half
Security and surveillance technology company Synectics updated the market on its first half on Monday, reporting that trading continued at similar levels to the first half of the prior year, delivering a “much reduced” estimated operating loss of around £0. 8m, narrowing from £2m year-on-year.
SourceBio expects Covid-19 testing revenue to peak in coming months
Laboratory services provider SourceBio International said on Monday that it had continued to trade well since 31 December, with revenue, earnings and cash generation “significantly ahead” of 2020 in the year-to-date.
Tavistock shares surge on new partnership with Titan Wealth
Tavistock Investments has entered a 10-year strategic partnership with Titan Wealth it announced on Monday, with Titan also agreeing to acquire Tavistock's multi-asset manager Tavistock Wealth (TWL), which has more than £1bn of funds under management, for consideration of up to £40m in cash and a 10-year earn out.
Ncondezi signs term sheet to create green power joint venture
Ncondezi Energy announced the signing of a term sheet with binding exclusivity between its wholly-owned renewable energy subsidiary Ncondezi Green Power (NGP), and Nesa Capital and Nesa Engineering, collectively ‘Nesa’, on Monday.
Manx Financial ups stake in brewing rental and finance firm
Manx Financial Group has increased its shareholding in Beer Swaps Limited (BSL), trading as Ninkasi Rentals and Finance, to 90%, it announced on Monday, for £0. 3m cash.
Inspirit Energy makes progress with heat recovery technology
Waste heat recovery and combined heat and power technology company Inspirit Energy updated the market on its operations on Monday, reporting that as Covid-19 restrictions eased in recent months, it had been working with its engineering partners on the “fine details” of the new waste heat recovery (WHR) system for application on the Volvo marine engine.
Sound Energy to acquire Schlumberger interests in Morocco
Morocco-focussed upstream oil and gas company Sound Energy has entered into a sale and purchase agreement with Schlumberger to acquire the entire issued share capital of Schlumberger Silk Route Services (SSRS), it announced on Monday.
GlaxoSmithKline teams up with iTeos to develop cancer drug
GlaxoSmithKline has teamed up with US clinical stage biopharmaceutical group iTeos Therapeutics to co-develop and co-commercialise EOS-448, a monoclonal antibody currently in development as a potential treatment for patients with cancer.
Liberum ups forecasts, target price on Robert Walters
Liberum has upped its profits forecasts for Robert Walters and reiterated its ‘buy’ rating’ following a unexpectedly strong trading update.
SThree sees fees jump as demand for staff picks up
SThree saw fees jump in the second half, as hiring picked up across its global markets, the specialist recruiter said on Monday.
Ted Baker FY losses widen as Covid restrictions bite
Ted Baker reported a widening of its full-year losses on Monday as revenues slumped due to Covid-related restrictions.
Draper Esprit values rise at it prepares for main market listing
Technology investment company Draper Esprit reported a gross portfolio value of £984m at year-end in its final results on Monday, up from £703m a year earlier.
Creo Medical buying freehold of current Chepstow headquarters
Surgical endoscopy-focussed medical device company Creo Medical Group has exchanged contracts to acquire the freehold interest in the current site of its primary headquarters in Chepstow, Creo House, it announced on Monday.
Shell reportedly mulling sale of US shale assets
Oil giant Royal Dutch Shell is reportedly considering offloading some or all of its Texas shale assets as it faces mounting pressure to producer greener energy.
Slight fall in asset values keeps lid on Sequoia NAV uplift in May
Sequoia Economic Infrastructure said on Monday that its net asset value had improved 0. 13% on the month for May, to 102. 41p per share.
Saga calls travel restart a 'priority'
Saga said on Monday that its turnaround plan remained on track, but conceded that the resumption of travel was a priority.
Serco ups profit guidance, secures UK defence contracts
Outsourcing giant Serco upped its full-year guidance on Monday, boosted by strong demand for test and trace services, as it announced defence contract wins worth potentially £3. 4bn.