Animalcare Group, a supplier of veterinary medicines, has said that its Project Quatto has received marketing authorisation from the Veterinary Medicines Directorate. The firm can now place the product on the market. The first sales are expected by the end of the current financial year.
WH Ireland Group, a financial services firm, reported a more severe loss per share for the year ended November 30th, of 8p, versus a loss per share of 1.75p the year before. Loss before tax doubled to £1.4m, while revenue increased from £18.4m to £23.1m. Cash at the end of the period rose from £2.4m to £7.4m. The company decribed the year as a "period of strong progress" and emphasised its strengthened client base.
Transense Technologies, a provider of sensor systems for the transportation and industrial markets, said its IntelliSAW trading divison has entered into an exclusive distribution agreement with EL PE Engineers, which will provide exclusive distribution for IntelliSAW's wireless/passive temperature monitoring system in the Indian market. In return for exclusive terms EL PE has agreed to a minimum revenue target over the next two years of $375,000.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Up for sale cancer drug developer Antisoma reduced losses during the half year ended December 31st despite failing to generate any revenue. The group reported a loss of £0.26m (2010: loss of £15.38m) with administrative costs reduced to £0.19m. At the end of the period the firm had cash balances of £13.56m and net assets of £12.27m. The board said the company is "in a good position to exploit opportunities as they emerge".
Frontier IP Group, whcih sepcialises in commercialising inteelectual property of University research teams, has reported a year-on-year dive in revenue for the half year ended December 31st from £0.3m to £0.12m, a rise in loss before tax from £0.07m to £0.19m, which was in part due to increased overhead as the firm expanded team resource. Net assets per share fell from 50p to 39p. Cash balances as at December 31st 2011 were £0.299m (2010: £0.84m).
Newly listed Belvoir Lettings, has been appointed by the Duke and Duchess of Rutland to manage a portfolio of 300 residential properties on the Belvoir Castle Estate in Leicestershire. The Belvoir Castle Estate consists of a range of residential properties from two-bedroom cottages to characterful lodges and farmhouses throughout the Vale of Belvoir.
@UK, a cloud e-commerce marketplace, has established an Indian operation as the first stage of its planned international expansion to provide a base for an initial small sales and technical development team. The firm believes the prices or ecommerce solutions are higher than those in the UK. "We believe our solutions are significantly ahead of the current competition," the company said.
Oxford Pharmascience, a specialty pharmaceutical company, has signed a Heads of Terms agreement with HERMES PHARMA to license and develop a range of products using the company's OXP zero ibuprofen technology. Once successfully developed, Hermes Pharma will be granted a 10 year license to sell these products to its existing and new healthcare customers. The company described the partnership as a "fantastic boost".
Satellite operator Avanti Comms Group has sold capacity on HYLAS 1 to satellite broadband provider Ethnet in a three year deal worth a minimum of £0.66m. The capacity will be used by Ethnet to deliver satellite connectivity for a variety of applications.
Oxford Catalysts, a technology innovator for synthetic fuels production, has announced that Toyo Engineering Corp. and MODEC Inc. have committed several millions of dollars of additional funds to the group for 2012. The additional funds will be used to accelerate commercial readiness ahead of orders in the offshore GTL market, the firm said.
Top Level Domain Holdings, an operator of new generic top-level domains (gTLD) such as dot.com and dot.biz, has signed a joint venture agreement with LHL TLD Investment Partners to apply for the .music (dot.music) top level domain under the generic top level domain programme being run by the internet's governing body, Internet Corporation for Assigned Names and Numbers (ICANN). The firm has also been chosen by the city of Miami to apply for the .MIAMI top-level domain following a competitive bid process.
Wheel-maker Titan Europe has expanded the group's Turkish presence and invested further in Titan Jansta, which will include a new purpose built facility at Aydin Ortaklar OSB, a newly established industrial zone where, on March 20th, the company purchased 60,000sqm of land for £0.8m. The company believes this gives Titan "a footprint to fuel future growth". New operational capabilities will now be added through a phased capital investment programme.
NR
