Company news

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £17.0708 at the close of business on 6 October. The estimated NAV of its euro shares was €19.3882. At 8:36am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1300p Story provided by

Custodian REIT buys office building in Birmingham

Custodian REIT has acquired Lancaster House, a prominent, 39,600 sq ft office building on the corner of Newhall Street and Great Charles Street, in Birmingham city centre. The property is let to 15 tenants with lease expiries between 30 June 2016 and 31 July 2025, with a total passing rent of £505,752 per annum, reflecting […]

IQE's GaN on Si achieves breakthrough results

IQE has been acknowledged for supplying commercially ready 100mm gallium nitride (GaN) on silicon carbide (SiC) epiwafers that were used to produce record results for both high gain and high power density transistor devices, enabling for the first time, flexible monolithic microwave integrated circuit (MMIC) design for efficient high-voltage/high-power broadband operation at frequencies ranging from […]

Bank Muscat seeks UAE commercial banking licence

Bank Muscat has confirmed it has sought approval from the Central Bank of Oman to open a commercial banking branch in the United Arab Emirates. Central Bank of the UAE approval is also required to establish the branch. The bank already has a representative office in the UAE. Story provided by

Blue Star update on investment in DTL

Blue Star’s board has noted an announcement yesterday by Nektan of a financing of £2.75 million and issue of equity. Nektan is a portfolio company of Disruptive Tech Limited in which the company has a 2.1% stake. DTL was valued in the company’s last interim accounts at £1.6m. Story provided by

Electra's AXIO Data Group sells MIMS

Electra Private Equity portfolio company AXIO Data Group has agreed to sell MIMS, its Asian healthcare information business, to SMS and Mitsui for $250m. The transaction is expected to complete later today. This is the third major realisation from AXIO’s portfolio following the sale of the JOC Group and Breakbulk in 2014. Based on today’s […]

S&P raises Grainger corporate bond rating

Standard & Poor’s Ratings Services ahas raised its issue rating on Grainger’s existing £275 million senior secured notes, due 2020, to investment grade, ‘BBB-‘ from ‘BB+’. S&P’s re-rating is based on its “improved valuation of the group’s assets”. Grainger also announced that it has signed a refinancing of its Grainger Invest property portfolio bank facility, […]

AZ completes divestment of Caprelsa

AstraZeneca has announced the global completion of the divestment of Caprelsa (vandetanib), a rare disease medicine, to Genzyme, a Sanofi company. Genzyme made an upfront payment to AstraZeneca of $165 million to acquire the global rights to sell and develop Caprelsa, and will make further development and sales milestone payments of up to $135 million. […]

Barratt schedules AGM

Barratt Developments will hold its annual general meeting at The Royal College of Physicians, 11 St Andrews Place, Regent’s Park, London NW1 4LE, on 11 November at 2.30 p.m. Story provided by

BBVA's rating upgraded by S&P

Standard & Poor’s Ratings Services has upgraded Banco Bilbao Vizcaya Argentaria’s long-term issuer credit rating to BBB+ from BBB. The outlook remains stable. Story provided by

Diageo sells interest in D&G & GAPL

Diageo has sold its interest in Desnoes & Geddes and in Guinness Anchor Berhad to Heineken and acquired additional shares in Guinness Ghana Breweries. Diageo says the transaction with Heineken brings increased focus to their respective beer businesses in Jamaica, Malaysia, Singapore and Ghana. The transaction comprises: · The sale of Diageo’s 57.87% shareholding in […]

fastjet granted Zimbabwe air operator certificate

fastjet, Africa’s low-cost airline, has been granted an air operator certificate ( by the Civil Aviation Authority of Zimbabwe. The AOC designates fastjet Zimbabwe Limited as a Zimbabwean airline licensed to operate both domestic and international routes within and from Zimbabwe. fastjet Zimbabwe is now the second airline in the fastjet network. fastjet Zimbabwe obtained […]

Grafenia's sale

Grafenia has completed the sale of Dutch subsidiary Grafenia BV to Rosso BV, a privately owned Dutch company, for 2.25m euros cash. Grafenia BV was acquired in 2010 for 2.0m euros, paid part in cash and in part by the issue of ordinary shares in the company. Grafenia said that taking into account cash generated […]

HMS update on shareholder litigation

HMS Hydraulic Machines & Systems Group has issued an update regarding the action launched by the company’s shareholder, German A. Tsoy, and his holding company, Acura Global Limited, in the District Court of Nicosia. The plaintiffs have recently submitted the statement of claim in this on-going litigation. The company is considering this statement of claim, […]

Mining Sector: Aquarius Platinum soars on agreed offer from Sibanye

Aquarius Platinum’s (LON:AQP) shares jumped after its board agreed a $0.195 a share offer from Sibanye. The offer is at a 60.3% premium to Aquarius’s closing price of £0.08 yesterday and 71.4% to the volume-weighted average share price of £0.07 over the 30 days to 5 October. The deal is intended to be implemented by […]

Ludgate change in value of portfolio holding

Ludgate Environmental Fund has reported an expected reduction in the value of its interests in Tamar Energy. The company says that following publication of the Government’s ”Consultation: Reforming the business energy efficiency tax landscape’ incorporating a Treasury review, Tamar Energy Limited, a developer and operator of anaerobic digestion waste and power plants in the UK, […]

Motive to take Hiscan wrangle to Supreme Court

Motive Television is to launch an appeal to the Spanish Supreme Court after the Court of Appeal in Barcelona ruled against the company in its wrangle with Hiscan Patrimonio. The company says its legal advice continues to be that the decision by the Court of Appeal in Barcelona is seriously flawed and so it intends […]

F&C Managed Portfolio in equity issue

F&C Managed Portfolio Trust issued 50,000 Income shares at 116.75p apiece and 50,000 Growth shares at 148.50p each today from its general business purposes block listing facility. At 3:10pm: (LON:FMPI) FC Managed Portfolio Trust share price was 0p at 117p Story provided by

Rare Earth Minerals JV resource increase

Hastings Rare Metals – Rare Earth Mineral’s 70% joint venture partner in the Yangibana rare earths elements project in Western Australia – has announced a significant increase in JORC resources over the project inclusive of licences owned by the joint venture. The full Hastings news release dated 6 October 2015 is available at: The […]

City Natural Resources CULS conversion

City Natural Resources High Yield Trust has issued 54 ordinary shares following the exercise of conversion rights by holders of a £207 nominal of the company’s 3.5% convertible unsecured loan stock 2018 with effect from 30 September. At 2:25pm: (LON:CYN) City Natural Resources High Yield Trust Plc share price was -0.5p at 81.5p Story provided […]

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