Company news

Newgate Communications opens Beijing office

Porta Communications subsidiary Newgate Communications has opened an office in Beijing and appointed David Schlesinger and Tom Grimmer as senior advisers to Newgate in Greater China. Newgate Hong Kong partner Grace Zhang will act as the head of Newgate’s new Beijing office, further developing its growing business in Mainland China. Newgate’s managing partner for Greater […]

Mining Sector: TSG jumps on Asacha mining, production update

Trans-Siberian Gold (LON:TSG) shares jumped after it reported that mine development at Asacha in Q3 comprised 801 metres, while ore extraction (including ore from stoping and mine development) amounted to 49,091 mt. In the first nine months of 2014, an average 13,070 mt per month was processed through the Asacha plant. The average gold grade […]

OptiBiotix forms scientific advisory group

OptiBiotix Health, a life sciences business developing products which modify the human microbiome, has formed a scientific advisory group (SAG) to support the scientific and clinical development of its compounds to tackle obesity, high cholesterol and diabetes. The SAG brings together world renowned scientists with expertise in satiation, the human microbiome and novel food ingredients. […]

RusHydro pays coupons on bonds

RusHydro has made payment on its series 01 and 02 bonds with a coupon rate of 8% per annum(at the end of the seventh coupon period. Total amount paid was RUB598,350,000 – RUB398,900,000 on series 01 bonds and RUB199,450,000 on series 02 bonds. Coupon payment amounted to RUB39.89 per bond. The amount of payments for […]

CMA clears Information Resources-Aztec deal

The Competition and Markets Authority has cleared the completed acquisition by Information Resources Inc of Aztec Group. The CMA has decided on the information currently available not to refer the acquisition to a phase 2 investigation under the provisions of the Enterprise Act 2002. The text of this decision will be placed on the Competition […]

EU Current Account dips

During the London open session on Monday saw the release of Europe’s Current Account data, which came in at 18.9bn, missing an expected show for a marginal narrowing in its surplus to 21.3bn, from its previous level of 21.6bn month on month. The Current Account index measures the difference in value between exported and imported […]

CMA clears IGas-Dart Energy deal

The Competition and Markets Authority has cleared the anticipated acquisition of Dart Energy by IGas Energy. The CMA has decided on the information currently available not to refer the deal to a phase 2 investigation under the provisions of the Enterprise Act 2002. The text of this decision will be placed on the Competition and […]

German PPI data misses forecasts

The euro is trading in a mixed trend against the majority of its major counterparts heading into the London open session following the pre-London open release of its Producer Price Index (PPI) data, which came in at 0.0%, missing market expectations of a 0.1% increase, up however from its previous level of -0.1% month on […]

SVG Capital to get £156m from Arysta sale

Industrial Equity Investments Limited, an international investment company owned by the Permira Funds, has signed a definitive agreement to sell Arysta LifeScience to New York listed Platform Speciality. The transaction values SVG Capital’s holding in Arysta at approximately £221m, a £14m uplift (7p per share) to the June valuation of the company of £207m. Approximately […]

John Lewis Partnership appoints general counsel

John Lewis Partnership has appointed Keith Hubber as general counsel and company secretary with effect from 1 February. Hubber – an experienced corporate lawyer and company secretary – joins from BG group where he has spent 13 years, first as a corporate lawyer and then, from 2007, as company secretary, moving to deputy general counsel […]

John Lewis Partnership appoints general counsel

John Lewis Partnership has appointed Keith Hubber as general counsel and company secretary with effect from 1 February. Hubber – an experienced corporate lawyer and company secretary – joins from BG group where he has spent 13 years, first as a corporate lawyer and then, from 2007, as company secretary, moving to deputy general counsel […]

Biotech Growth Trust appoints auditors

The Biotech Growth Trust’s board has now concluded the terms of engagement of the company’s new auditors for the 2014-15 financial year and has appointed Ernst & Young LLP. At 2:08pm: (LON:BIOG) Biotech Gwth share price was -7p at 530.5p Story provided by StockMarketWire.com

Biotech Growth Trust appoints auditors

The Biotech Growth Trust’s board has now concluded the terms of engagement of the company’s new auditors for the 2014-15 financial year and has appointed Ernst & Young LLP. At 2:08pm: (LON:BIOG) Biotech Gwth share price was -7p at 530.5p Story provided by StockMarketWire.com

Green REIT completes acquisitions

Irish property investor Green REIT has completed the acquisition of the Sapphire Portfolio for €375m and 13-17 Dawson Street, Dublin 2, for €23m. The company’s total passing rent is now €52.8m per annum, representing an investment income yield of 7.1% on the portfolio. Green REIT has acquired a total of 24 high quality assets with […]

CMA clears Office2Office-Evo Business deal

The Competition and Markets Authority has cleared the anticipated acquisition of Office2Office by Evo Business Supplies, part of Endless which also controls Vasanta Group. The CMA shas decided on the information currently available not to refer the deal to a phase 2 investigation under the provisions of the Enterprise Act 2002. The text of this […]

Ultrasis in funding talks

Ultrasis has confirmed it has entered into further funding talks with Paul Bell, a substantial shareholder in the company. Ultrasis says the company and Bell are currently considering a number of options. In the event that these discussions did result in an agreement for Bell to provide further funding over and above the current loan […]

IBM to make 'major business announcement'

IBM will make a major business announcement and separately release its third-quarter earnings results tofday at 7:00 a.m. EDT. Story provided by StockMarketWire.com

Hummingbird annual report available online

Hummingbird Resources’ annual report for the year ending 31 May has been sent to shareholders and is now available on the company’s website at http://www.hummingbirdresources.co.uk/ At 9:52am: (LON:HUM) Hummingbird Resources share price was 0p at 37p Story provided by StockMarketWire.com

Scrapping pension death tax will boost saving, says AXA

Nearly one-in-five (19%) defined contribution pension scheme members are planning to save more into their pension as result of chancellor George Osborne’s planned abolition of the 55% death tax, according to a new poll by AXA Life. The increased uptake means that almost 1 million (927,675) people in the UK will save more into their […]

Deflation threat to European AM growth, says Fitch

Fitch Ratings says that despite strong growth seen over the last five years in assets under management (AUM) in Europe, the outlook is marred by the threat of deflation in the eurozone and by potentially slower growth in the of core institutional investors. Fitch estimates that the total AUM in the European asset management (AM) […]

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