News And Announcements
Prudential plans to raise £2bn through share offer
UK life insurer Prudential said it planned to raise £2bn through a public offer and international share placing on the Hong Kong Stock Exchange.
Lufthansa launches €2bn capital increase to repay state Covid bailout
German flag carrier Lufthansa plans to raise €2. 14bn via a capital increase to pay back part of a state bailout the airline received during the coronavirus crisis.
Norway's Equinor ramping up gas exports to Europe
Norwegian state-run energy company Equinor and its partners have been given the green light to increase gas exports from two offshore fields for a year as European supply shortages cause a spike in prices.
Travel stocks jump as US set to relax rules for jabbed EU, UK passengers
Travel stocks surged on Monday afternoon as it emerged that vaccinated passengers will be able to travel to the US from the EU and UK from November onwards.
Oncimmune inks deal with global pharma firm
Immunodiagnostics company Oncimmune has signed an autoantibody profiling agreement with an unnamed global pharmaceutical company, it announced on Monday, to evaluate the autoantibody profiles of patient samples in various autoimmune diseases.
Lightsource BP targets double growth after new funding deal
BP’s joint solar power venture, Lightsource BP, said it will more than double its planned global expansion by 2025 after securing $1. 8bn (£1. 3bn) in financing.
Sainsbury's shares spark on takeover defence report
Shares in J Sainsbury sparked on Monday on reports that the supermarket chain was working with a boutique investment bank to help defend itself from a potential takeover.
Open Orphan signs £5.7m contract with biotech specialist
Clinical research organisation Open Orphan announced on Monday that its subsidiary hVIVO has signed a £5. 7m contract with a specialist biotechnology company developing therapeutics for respiratory viral infections, to test its antiviral product using the hVIVO Influenza human challenge study model.
SourceBio bracing for impact of changes to PCR travel testing
Laboratory services provider SourceBio International responded to the government’s planned changes to Covid-19 testing for travellers to the UK on Monday, which would see the removal of many requirements for PCR testing after arrival.
Yo! Sushi said to be considering October IPO
The owner of Yo! Sushi will reportedly take a further step towards a stock market flotation that could value it at more than £750m.
Agronomics leads funding round for cultivated leather firm VitroLabs
Cellular agriculture and cultivated meat investor Agronomics has led portfolio company VitroLabs’ series A funding round, it announced on Monday, with a $7m investment.
Centrica takes on 350,000 new customers as People's Energy collapses
British Gas owner Centrica is to take on customers from failed rival People’s Energy, the blue chip said on Monday.
IGas Energy rockets on SSE agreement
Shares of IGas Energy surged on Monday after it signed a memorandum of understanding with SSE for the development of a geothermal district heating project in Stoke-on-Trent.
IAG boss rules out rights issue - report
International Consolidated Airlines Group, the owner of British Airways, has ruled out asking shareholders for fresh funds.
Ten Lifestyle secures renewal of Barclays partnership
Concierge platform operator Ten Lifestyle Group has secured a multiple-year renewal of its contract with Barclays Bank UK, one of its longstanding corporate clients, it announced on Monday.
Government mulls bailout for embattled energy sector - reports
The UK government is considering emergency steps to help bailout the energy industry, it was reported on Monday, as wholesale gas prices spiral.
Frenkel Topping revenue, earnings surge in first half
Personal injury and clinical negligence financial and professional services company Frenkel Topping reported a 93% improvement in its interim revenue on Monday, to £8. 5m.
Keywords Studios appoints Bertrand Bodson as CEO
Keywords Studios has appointed Novartis executive Bertrand Bodson as its new chief executive officer, succeeding Andrew Day.
K3 Business Tech selling non-core Sage business
Software and cloud services provider K3 Business Technology announced the sale of the business and assets of its non-core Sage business to existing Sage reseller Pinnacle Computing Support for £1. 68m cash on completion on Monday.
Ingenta declares interim dividend after 'solid' first half
Publishing software and services provider Ingenta reported group revenues of £5. 1m in its first half on Monday, down marginally from £5. 2m year-on-year, although the recurring revenue share improved to 85% from 82%.