Company News
WH Ireland enters agreement with Polygon Global Partners
WH Ireland, a financial services company, confirmed today that it had entered into an agreement with Polygon Global Partners, a multi-strategy platform focused on the creation of investment alpha.
Kubera Cross-Border announces extension date for equity stake in Planetcast Media Services
Kubera Cross-Border reported on Tuesday the extension of the "long stop date" for the disposal of the entire equity stake held in Planetcast Media Services.
Director dealings: Beazley executive director sells after profit warning
Adrian Cox, executive director of risk insurance and reinsurance group Beazley, sold 180,009 shares in the company on Tuesday at the price of 500p per share.
Treasury Committee advisers to scrutinise FCA report on RBS
One month after refusing to publish the skilled persons' report into the treatment of the Royal Bank of Scotland's Global Restructuring Group customers, the Financial Conduct Authority (FCA) agreed to allow the Treasury Committee to scrutinise its contents.
President Energy banks $1.5m in proceeds of first oil sale from Argentina's Puesto Flores field
Oil and gas focused company President Energy, with a diverse portfolio of production and exploration assets primarily in Argentina, reported it had banked proceeds totalling $1. 5m from its first delivery of oil from the Puesto Flores Field.
AIM newcomer Cora Gold enters drilling agreement with Target
West Africa-focussed gold exploration company Cora Gold announced on Tuesday that its wholly-owned subsidiary Cora Gold Mali has entered into a contract with Target Drilling, to supply aircore, reverse circulation and diamond core drilling, focusing primarily on its flagship Sanankoro Gold Discovery in South Mali.
CloudCall raises £3.7m through two placings
Cloud-based software business CloudCall announced on Tuesday that it has raised approximately £3. 5m before expenses, by way of a placing of 2,457,774 new ordinary shares at 143. 5p.
Stratex offloads stake in Goldstone Resources
Gold exploration and development company Stratex announced the sale of its 13. 7% stake in Goldstone Resources to institutional investors on Tuesday, at a price of 1. 6p per share, for total cash consideration of £0. 55m.
Flowtech Fluidpower pumps out solid third quarter
Specialist technical fluid power products supplier Flowtech Fluidpower updated the market on its trading following its third quarter to 30 September on Tuesday, reporting that group revenue during the first nine months of the year was up 34. 4%.
RhythmOne expecting bumper first half amid acquisition spree
RhythmOne updated the market on its expected performance for the half year to 30 September on Tuesday, reporting revenues of between $112m and $114m, up from $67m in the first half of the 2017 financial year, which the company said was driven by “programmatic platform growth”.
Chi-Med trials with AstraZeneca show preliminary anti-tumour activity
Hutchison China MediTech - commonly known as Chi-Med - announced on Tuesday that both it and AstraZeneca presented preliminary safety and clinical activity data of savolitinib when given in combination with either Tagrisso (osimertinib) or Iressa (gefitinib) in two Phase Ib/II proof-of-concept trials conducted in patients with epidermal growth factor receptor mutation-positive non-small cell lung cancer with MET-amplification, who had progressed following first-line treatment with an EGFR inhibitor.
WANdisco Fusion now fully integrated with Microsoft Azure Data Box
‘Active data replication’ specialist WANdisco announced on Tuesday that its patented technology, WANdisco Fusion, is now fully integrated with Microsoft Azure Data Box, enabling Microsoft customers to transfer information from ‘Big Data’ applications to Microsoft Azure without the downtime and cost usually involved in bulk data transfer over the network.
Wednesday preview: Rate hike may hang on wages report; Reckitt, Rathbone report
A first Bank of England rate hike since the financial crisis hangs on Wednesday's labour market report, while company news includes trading updates from Reckitt Beckiser and Rathbone Brothers.
Ryanair says Peter Bellew to return as chief operations officer
Budget airline Ryanair said on Tuesday that Peter Bellew will rejoin the group as chief operations officer.
Merlin mullered after missing forecasts as terror attacks weigh
Madame Tussauds and Legoland operator Merlin Entertainments disappointed with an update on its trading performance for the year to date, including the key summer period of July and August, taking the shine of new partnerships with Peppa Pig and Bear Grylls.
Morgan Stanley Q3 earnings beat estimates thanks to wealth management arm
Morgan Stanley posted a rise in third-quarter net income on Tuesday thanks to a solid performance from its wealth management business.
Alliance Pharma bears fruit, thanks to sales of Kelo-cote and MacuShield
Alliance Pharma reported on Tuesday that its "buy-and-build" strategy to evolve into a profitable, cash generative, speciality pharma business was bearing fruit, thanks to the sales performance of two international growth brands, Kelo-cote and MacuShield.
Angle's Parsortix system is strongest performer in German study
Liquid biopsy company Angle announced on Tuesday that its Parsortix system was the subject of a peer-reviewed publication in Oncotarget, a weekly open access medical journal covering research on all aspects of oncology, which detailed work undertaken by the firm's customer, University Hospital Muenster in Germany.
Ferrum Crescent appoints new director, changes approach
AIM-listed mining group Ferrum Crescent appointed a new executive director on Tuesday as the firm turned its attention towards its Toral zinc project in Spain as part of a major cost-cutting exercise.
Orchard Funding profits rise on lending increase
Finance company Orchard Funding grew revenues 31. 4% over the twelve months ended 31 July to a record £4. 56m due to a "significant increase" in overall lending throughout the period.