Company News
Friday preview: Single currency, euro area economic data in focus
The Friday after Christmas is expected to remain quiet in London, with little left on the corporate and economic calendar that might rouse traders from their festive stupor.
ITM Power creates new Australian subsidiary
Energy storage and clean fuel company ITM Power has formed a new Australian subsidiary to develop the market for its rapid response electrolyser technology, which will be headed up by Neil Thompson as managing director.
Telit Communications gets advanced waiver on banking convenants
AIM-listed Internet of Things provider Telit Communications said on Thursday that its leading financing bank has granted an advance waiver for the potential breach of covenants as at 31 December 2017.
Alliance Pharma completes acquisition of Vamousse from Tyratech
AIM-listed specialty pharmaceutical group Alliance Pharma has completed the acquisition of the worldwide rights to the Vamousse lice treatment range from Tyratech.
Advanced Oncotherapy expects proton beam by third quarter of 2018
Advanced Oncotherapy expects its proton-beam cancer therapy to be able to begin treating tumours from its Harley Street base by the second half of next year.
Glencore, Randgold among miners opposed to Congo measures
Subsidiaries of Glencore, Randgold Resources and other mining companies operating in the Democratic Republic of Congo have asked lawmakers to rethink proposed new taxes and other measures.
OneView says results lower than desired after first-half loss
OneView said its results were worse than it would like due to long contract lead times as it posted a $2. 1m (£1. 6m) first-half loss from operations.
EQTEC completes merger with Spanish sister company
Irish waste-to-energy specialist EQTEC resumed trading on AIM on Thursday with a new-look board of directors after it completed the reverse takeover of a fellow subsidiary of its Spanish parent company.
BGEO's m2 signs $11.6m contract to build Tbilisi shopping mall
BGEO said its m2 real estate subsidiary had signed a contract to build the shell and core of a new shopping mall and business centre in Tbilisi.
Tritax buys warehouse operated by Unilever
Tritax Big Box REIT has paid £44. 25m for a distribution centre in Staffordshire operated by Unilever.