COMPANY NEWS
01 Dec
deal
CentralNic renegotiates terms on SK-NIC acquisition

Software developer CentralNic announced on Friday that after its August acquisition agreement with Slovakian domain registrar SK-NIC had lapsed, the structure of the deal had changed, with the firms entering into a new share purchase agreement (SPA) on 30 November.

01 Dec
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High Court judge rules in favour of Morrisons workers in data leak claims

Britain's high court has accepted a compensation claim made by more than five thousand current and former Morrisons staff whose personal details leaked on to the internet, a case that could have far reaching implications for every person and business in the UK.

01 Dec
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RBS to close one in four branches as smartphone transactions rise 73%

Royal Bank of Scotland has begun the process of closing 259 branches and making an associated 680 job cuts, the latest in a swathe of closures across the sector in this week alone.

01 Dec
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Diversified Gas & Oil acquires 550 Ohio wells

Appalachian Basin-focussed producer Diversified Gas & Oil announced the acquisition of 550 wells in Central Ohio from NGO Development Corporation on Friday.

01 Dec
oilfield
Lekoil confirms production increase at Otakikpo

Africa-focussed oil and gas exploration, development and production company Lekoil announced an increase in current production at the Otakikpo Marginal Field in the OML 11 licence area on Friday.

01 Dec
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China Medical System puts £3m into Destiny Pharma

Clinical stage biotechnology company Destiny Pharma announced on Friday that China Medical System Holdings has, through its wholly owned subsidiary CMS Medical Venture Investment, invested £3m in Destiny to accelerate the development of its pipeline of drug candidates.

01 Dec
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Petro Matad financing deal with Bergen terminated

Mongolia-focussed oil explorer Petro Matad announced on Friday that its amended and restated share purchase and convertible securities deed between itself and Bergen Global Opportunity Fund, dated 14 August, has been terminated by the parties by mutual consent.

01 Dec
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Premaitha Health CEO receives industry accolade

Molecular diagnostics group Premaitha Health confirmed on Friday that its CEO, Dr Stephen Little, has received Bionow's ‘Outstanding Contribution’ award in recognition of his "significant contribution to the biomedical sector”.

01 Dec
handshake-deal
Arrow Global finalises acquisition of Mars mortgage business

Credit management service Arrow Global Group finalised its acquisition of Mars Capital's UK and Irish mortgage servicing business on Friday.

01 Dec
Canaccord starts Ashmore at 'buy', highlights improving revenue quality

Canaccord Genuity initiated coverage of Ashmore at 'buy' with a 410p price target.

01 Dec
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African Potash enters joint venture with SG

African Potash announced on Friday that, under a memorandum of understanding with the government of the Republic of Congo signed on 2 August, it has entered into a joint venture agreement with SG.

01 Dec
Rose Petroleum sells Mexican mill operation

AIM-quoted natural resources business Rose Petroleum has completed the disposal of its mineral processing mill operation in San Dieguito de Arriba in Mexico.

01 Dec
handshake
Midwich Group acquires Sound Technology

Audio visual firm Midwich Group acquired the entire issued share capital of UK-based audio and lighting solutions company Sound Technology on Friday.

01 Dec
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SkinBioTherapeutics awarded Australian patent for SkinBiotix

Life sciences company SkinBioTherapeutics announced the granting of the first patent for its ‘SkinBiotix’ technology in Australia on Friday.

01 Dec
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Games Workshop ends first half as expected

Games Workshop reported preliminary estimates indicating sales of £109m in the first six months of its 2018 financial year in a trading update on Friday, and an operating profit of £38m for the period.

01 Dec
Astrazeneca
AstraZeneca's Juhana Heinonen on the move to Faron

Clinical stage biopharmaceutical company Faron Pharmaceuticals announced the appointment of Dr Juhana Heinonen as its chief commercial officer on Friday, to join the firm in January.

01 Dec
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RM2 fails to secure forecast funding by end of November

Sustainable pallet developer RM2 International updated the market on its trading and financial position on Friday, reporting it had not yet been able to secure the funding required to confirm a 12-month production forecast for its Chinese manufacturing partner Zhenshi.

01 Dec
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Billabong receives takeover bid from US rival Boardriders

Australian surf brand Billabong has received a takeover bid from US rival Boardriders - formerly Quiksilver - which values the group at around AUD198m ($150m).

01 Dec
London houses
Purplebricks to work with review website Feefo

Purplebricks said on Friday that it will work with review website Feefo to provide customers with more opportunities to review its service.

01 Dec
meadowhall, british land, retail, shopping centre
Retail sales spike in Black Friday week, BDO confirms

Retailers enjoyed a bittersweet respite from the recent gloom on the high street as Black Friday sales in the last week were lifted back into growth territory, though overall footfall was still disappointing.