Company news

Lenta to lease 14 hypermarkets

Lenta – one of the largest retail chains in Russia – has signed agreements with MCapital and OTZR for long-term leases of hypermarkets in Moscow and Russian regions, currently operated under the NASH brand. Lenta said the agreements contemplate a 15-year arrangement for 14 hypermarkets in Moscow and the Russian regions, currently operated under the […]

Womenswear company Quiz joins AIM

Womenswear company Quiz (QUIZ) has floated on AIM with a market cap of £200 million. A placing raised £102.7m of gross proceeds at a price of 161p per share. Of this, £92.1 million was for the selling shareholders and £10.6 million for the company, which will be used to accelerate growth. Tarak Ramzan, founder and […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan Holding said the estimated net asset value of its sterling shares was £20.9991 at the close of business on 27 July. The estimated NAV of its euro shares was €23.8573. At 8:35am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1667.5p Story provided by

Edison issues update on e-Therapeutics

Edison has issued an update on e-Therapeutics following the business and strategic review undertaken by new chief executive Ray Barlow since joining the company in April. Edison said: “The portfolio has been rationalised from six to two preclinical immuno-oncology programmes; two programmes are available for out-licensing, while data will be published on two others to […]

Frontier subscription agreement with Tencent

Frontier Developments has announced a strategic investment by Tencent Holdings, a leading internet and interactive entertainment company based in China. Frontier said this would accelerate and improve its access to the growing and already very significant Chinese market. It said that Tencent had subscribed for 3,386,252 newly issued ordinary shares at 523.2p apiece. Frontier said […]

Faroe acquires further interest in Blane field

Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited for a total consideration of $5.25 million. The acquisition is subject to UK regulatory approval, the approval of the Blane joint venture partners and the resumption […]

BBC Three to broadcast Gfinity's Elite Series

Gfinity has signed a contract with the BBC to broadcast the newly launched Elite Series from the Gfinity Arena in London . Gfinity said BBC Three would show tournament games and exclusive short-form video content. It said this weekly coverage would form the main part of a new, wider strand of esports content on BBC […]

TRIG declares 1.6p interim dividend

The Renewables Infrastructure Group has declared a second quarterly interim dividend in respect of the three month period to 30 June of 1.60p per share. The shares will go ex-dividend on 17 August and the Q2 Dividend will be paid on 29 September to shareholders on the register as at the close of business on […]

Ecovista confirms Willow Cottages

Ecovista has confirmed that the Company has agreed to sell its fully owned subsidiary Willow Cottages Limited which owns No 2 Willow Cottage and the adjoining land near to Stansted airport for £400,000. Willow Cottage was sold at book value of £400,000. The company said it will use the proceeds of this sale to continue […]

Good Energy's Big Field planning appeal

Good Energy said it has noted the announcement that it has not been successful in its appeal for planning for the Big Field onshore wind farm in Cornwall, that was submitted for planning in 2014. Since that time Good Energy’s strategy has moved away from development to sourcing our growing renewable power needs from partners. […]

TP Group in share issue

TP Group has confirmed that shareholders passed all resolutions, in respect of the conditional fundraising of up to approximately £23.9m, at today’s General Meeting. At 2:09pm: (LON:TPG) TP Group Plc share price was 0p at 6.75p Story provided by

CityFibre shareholders approve £200m capital raise

CityFibre Infrastructure Holdings has confirmed that shareholders have passed the relevant resolutions in connection with the proposed £200m capital raising at today’s General Meeting. At 2:06pm: (LON:CITY) Cityfibre Infrastructure Holdings Plc share price was 0p at 55.75p Story provided by

Endesa awarded solar capacity at auction

International Endesa has been awarded 339 MW of solar power capacity in the renewable energy auction held today by the Ministry for Energy, Tourism and the Digital Agenda. Endesa said it intends to invest approximately €270m on construction of the solar capacity awarded. Once built and commissioned, the solar capacity will generate approximately 640 GWh […]

Zenyatta starts collaboration with Alliance and Univ. of Sussex

Zenyatta Ventures has confirmed the commencement of a collaboration program with Alliance Rubber Company and the University of Sussex to develop enhanced rubber products using graphene converted from the Company’s high-purity Albany graphite. Jason Risner, Director of Business Strategy at Alliance stated, “Alliance has a long history of innovation and it is vital for us […]

KAZ copper output more than doubles

KAZ Minerals’ copper production more than doubled to 118 kt (H1 2016: 56 kt). Th group said it was on track to achieve its full year guidance of 225-260 kt. It said the ramp up of new operations continued to deliver quarterly growth in copper production, Q2 2017: 66 kt (Q1 2017: 52 kt). The […]

Cherkizovo sales up in three divisions

PJSC Cherkizovo Group increased sales volumes in its poultry, pork and meat processing divisions in the first half. Poultry sales were up 1% year-on-year at 254,911 tonnes of sellable weight (1H 2016: 252,351). It said this modest uptick was due to growth in production, leading to increased output volumes. The average price during the first […]

AZ's Tagrisso meets primary endpoint in trial

A phase III FLAURA trial of AstraZeneca’s Tagrisso showed it significantly improved progression-free survival. AstraZeneca said Tagrisso met the primary endpoint, demonstrating a statistically-significant and clinically-meaningful progression-free survival benefit compared to current 1st-line standard-of-care treatment (erlotinib or gefitinib) in previously-untreated patients with locally-advanced or metastatic epidermal growth factor receptor mutation-positive (EGFRm) non-small cell lung cancer […]

AZ lung cancer drug fails to meet endpoint

AstraZeneca has reported disappointing results from a trial of its lung cancer drug, Imfinzi. AstraZeneca and MedImmune, its global biologics research and development arm, said the combination of Imfinzi and tremelimumab did not meet the primary endpoint of improving progression-free survival versus platinum-based standard-of-care chemotherapy in previously-untreated patients with metastatic (Stage IV) 1st-line non-small cell […]

Afarak concludes sale of sawmill equipment

Afarak Group has concluded the sale of all the remaining sawmill equipment acquired by the company in 2008. It said: “The latest and final sale of equipment amounting to €900,000 was concluded towards the end of 2016 and the final payment of €700,000 was received in Q2/2017. “This receivable has triggered the release of a […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan Holding said the estimated net asset value of its sterling shares was £20.9366 at the close of business on 26 July. The estimated NAV of its euro shares was €23.7874. At 8:29am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1667.5p Story provided by

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