Company News
Warehouse REIT chases £150m through AIM flotation
The newly incorporated closed-ended investment company, Warehouse REIT announced on Monday it was seeking to raise £150m through a placing and flotation on London's AIM market.
MBL Group rockets, says sales process under way
AIM-listed home entertainment, garden and leisure company MBL Group announced on Monday that although its garden and home division reported a 1,600% increase in operating profits, the group still posted a £158,000 after-tax loss.
Rambler Metals and Mining cuts full-year guidance for saleable metal
Rambler Metals reported softer revenues and profits over the latest three-month stretch when compared with a year ago, as development into the Lower Footwall Zone continued, although higher copper prices helped to staunch the flow of red ink.
Tuesday preview: Public deficit due, results from Persimmon, BHP, Cairn
The UK's public deficit gets its monthly update on Tuesday, along with the CBI's industrial trends survey and results from the likes of BHP Billiton, Cairn Energy, Persimmon and Wood Group.
Luca Provolo appointed head of sales at Directa Plus
Graphene--based products producer and supplier Directa Plus announced the appointment of Luca Provolo as its head of sales on Monday, with effect from 4 September.
Verditek subsidiary wins trial contract with Italian ad agency
Clean technology company Verditek announced on Monday that its 51% owned subsidiary Greenflex Energy - an Italian based manufacturing solar photovoltaic technology company - has won an initial trial contract with Media One - one of Italy's largest out of home advertising agencies - to supply and install its proprietary solar PV technology to power digital advertising billboards at outdoor bus shelters in Italy.
ITM Power welcomes launch of government hydrogen programme
Energy storage and clean fuel company ITM Power noted the launch of the UK Government's ‘Hydrogen for Transport Programme’ on Monday.
Gfinity appointed esports partner to Formula 1
International esports group Gfinity announced on Monday that it has been appointed as esports partner for Formula 1, to deliver the Formula 1 ESports Series from September.
Forbidden Tech announces first JavaScript implementation of VidLib
Forbidden Technologies announced the first JavaScript implementation of its core cloud Video Library ‘VidLib’ on Monday, used as part of the Forscene platform.
Shire slumps as it announces departure of CFO Jeff Poulton
Shares in Shire fell on Monday as it said chief financial officer Jeff Poulton will leave the pharmaceuticals group at the end of the year to take up the same role at Boston-based start-up Indigo Ag.
Management Resources announces CEO to cease in role with immediate effect
The board of Management Resources announced on Monday that Joe Clayton will cease to be a director and the chief executive officer of the company and all of its subsidiaries associated with immediate effect.
St Modwen and Vinci complete Nine Elms sale
St Modwen Properties has completed the £470m sale of its interest in the 10-acre Nine Elms Square site in London to a subsidiary of Chinese giant Dalian Wanda, which has transferred ownership to an unnamed third party.
Tribal Group wins £25m worth of contracts
International education software and services provider Tribal Group announced on Monday that it had won two contracts with a total value of £25. 3m.
Creo gets FDA clearance for Speedboat RS2 device
Medical device company Creo Medical Group announced on Monday that it has received 510(k) clearance from the US Food and Drug Administration for its Speedboat RS2 device and the CROMA platform.
Great Wall Motor expresses interest in buying Jeep brand from Fiat Chrysler Automobiles
China's largest manufacturer of sport utility vehicles and pick-ups, Great Wall Motor, has expressed interest in bidding for Fiat Chrysler Automobiles, the world's seventh-largest automaker.
Avanti agrees launch slot for HYLAS 4 satellite
Avanti Communications announced on Monday that it agreed a launch slot for its HYLAS 4 satellite with Arianespace, beginning 1 March 2018.
ECO Animal Health gets Egypt approval for Aivlosin
ECO Animal Health Group announced on Monday that it has received a marketing authorisation from the Drug Authority of the Ministry of Health of Egypt, for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.
SSE appoints Martin Pibworth as wholesale director
SSE has appointed Martin Pibworth as wholesale director and he will join the board on 1 September.
PowerHouse completes first extended gasification trial
Ultra high temperature gasification waste-to-hydrogen and waste-to-energy company PowerHouse Energy Group announced on Monday that, following the re-commissioning operation of the G3-UHt gasification unit as announced at the end of July, it completed its first extended technical trial of the Distributed Modular Gasification process at the Energy Center of Thornton Science Park.
Announcement of Jurassic World video game tie-in sends Frontier shares roaring ahead
Video game studio Frontier Developments announced its third major self-published video game, Jurassic World Evolution was slated for release in June 2018 and would be based on the popular Jurassic World universe.