News And Announcements
Addison Lee acquires ComCab, becomes London's largest taxi firm
Addison Lee has closed a deal to acquire black cab operator ComCab and is set to become London’s largest private hire and taxi firm.
Westminster Group awarded screening contract for port in Liberia
Managed services and technology-based security company Westminster Group has been awarded a long-term contract to exclusively provide port screening services at Monrovia Freeport in Liberia.
Helios Towers raises $160m in placing
Telecommunications company Helios Towers said on Wednesday that it has raised around $160m in a share placing to strengthen its balance sheet and buy tower assets in new and existing markets.
CMA clears billionaire Issa brothers' Asda takeover
The Competition and Markets Authority has cleared the billionaire Issa brothers’ £6. 8bn takeover of Asda.
Best of the Best sees recent slowdown after profits surge
Online competitions operator Best of the Best reported revenue of £45. 68m in its preliminary results on Wednesday, up from £17. 79m in the prior year.
Motorpoint unveils plans to double revenues
Motorpoint Group is to ramp up its e-commerce offering as looks to double annual revenues to more than £2bn, the car retailer confirmed on Wednesday.
Filta Group sees increasing levels of demand
Fryer management and commercial kitchen services company Filta Group said on Wednesday that it was still experiencing increasing levels of demand in all of its territories.
Consulting firm Elixirr lifts expectations amid strong trading
Challenger consultancy firm Elixirr International said on Wednesday that trading in the five months to 31 May was “strong”, with revenue increasing by more than 75% year-on-year.
CMA says funeral operators must make prices clearer
Funeral directors and crematorium operators will need to make their prices more clear to customers or risk court action, the Competition and Markets Authority said on Wednesday.
Cora Gold announces fifth set of results from Sanankoro drilling campaign
West Africa-focussed Cora Gold announced the fifth set of drill results, and the first from Zone A, from its largest ever drilling campaign at the Sanankoro Gold Project in southern Mali on Wednesday.
Made.com valued at £775m as it debuts on London market
Made. com Group saw its shares drop sharply on Wednesday, as the online furniture retailer made its London debut.
Hurricane progresses plans to plug and abandon Lincoln-14
UK-based oil and gas company Hurricane Energy updated the market on operations to plug and abandon the Lincoln-14 well on the South licence in the Greater Warwick Area on Wednesday, which Hurricane operates on behalf of the GWA 50-50 joint venture with Spirit Energy Resources.
Jangada Mines reports updated resource estimate for Pitombeiras
Natural resources company Jangada Mines released an updated 'NI 43-101-compliant mineral resource estimate for the Pitombeiras North and South targets at its wholly-owned Pitombeiras vanadium project in the Brazilian state of Ceará on Wednesday.
Electra to list Hostmore as vehicle for TGI Friday 63rd+1st brands
Private equity outfit Electra on Wednesday said it planned to demerge its TGI Fridays restaurant and bar chain later this year via a new listed vehicle.
Christie Group trading well, expects strong first half
Professional services provider Christie Group said on Wednesday that the recovery that first emerged in the second half of its 2020 financial year had continued, as it traded in line with market expectations.
ScS ups forecasts as orders surge post lockdown
Shares in ScS Group rallied on Wednesday, after the furniture and flooring retailer upped its full-years forecasts and reinstated the dividend.
Marlowe buys employment law compliance specialist in £2.25m deal
Marlowe has bought employment law compliance specialist Cater Leydon Millard for an enterprise value of £2. 25m.
Creo upbeat on first in-human use of MicroBlate Fine
Medical device company Creo Medical Group updated the market on its 510(k) US Food and Drug Administration (FDA)-cleared tissue ablation device, ‘MicroBlate Fine’ on Wednesday, reporting that the device was successfully used for the first in-human, minimally invasive, endoscopic ultrasound (EUS)-guided treatment in a patient with an unresectable pancreatic neuroendocrine tumour.
St. Modwen and Blackstone granted deadline extension for takeover documents
St. Modwen Properties confirmed on Wednesday that an extension to certain steps of its takeover by Blackstone had been granted, as a scheme document for shareholders was finalised.
Tullow Oil makes positive operational progress
Tullow Oil reported positive operational progress in an update on Wednesday, with group production to the end of May averaging around 62,000 barrels of oil per day, in line with expectations.