Company News
09 Feb
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Netscientific portfolio company nets positive report

Healthcare intellectual property commercialisation group Netscientific has today highlighted a positive report displaying the potential of Vortex Technology in cancer treatment.

09 Feb
Headphones
7digital sees bright future after forecasting 2017 revenue rise

B2B streaming digital music and radio services company 7digital is expecting a sharp rise in revenue for 2017 after the company's acquisition of rival 24-7 in June and announced that it moved back into the black over the second half of the financial year.

09 Feb
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Alba Mineral Resources granted exploration licence in Greenland

Alba Mineral Resources announced on Friday that it has been granted a mineral exploration licence in north-west Greenland, within the region known as Inglefield Land, close to its existing Inglefield mineral exploration licence.

09 Feb
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OnTheMarket begins trading on AIM

Agent-backed company OnTheMarket, which operates the OnTheMarket. com property portal, was admitted to trading on the AIM market of the London Stock Exchange at 0800 GMT on Friday.

09 Feb
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Origo Partners partially disposes of Niutech stake

Origo Partners announced the indirect sale of a 4. 7% beneficial interest in Jinan Heng Yu Environmental Protection Technology Company - the operating company of Niutech Energy - to Chinese institutional and other investors on Friday, for net cash proceeds of CNY 18. 8m ($3m).

09 Feb
DAILY Express
Trinity Mirror agrees to buy Express newspapers, profits seen higher

Daily Mirror publisher Trinity Mirror has agreed to acquire a portfolio of newspaper and magazine titles from Northern & Shell, including the Daily Express, Daily Star and OK! magazine for a total of £200m, including payments to pension schemes.

09 Feb
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GKN may extend Melrose bid deadline to give shareholders more time to reflect

GKN reiterated its belief on Friday that Melrose Industries' £7bn offer for the engineer is "derisory" as it said it is prepared to give investors more time to consider the bid.

09 Feb
direct line
Direct Line hints at special dividends as annual profits surge

Direct Line guided toward a much bigger profit for 2017 that the market was expecting, thanks to good results from motor and commercial insurance and lower than expected weather claims.

09 Feb
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Infinity Energy confirms details of its main market aspirations

Infinity Energy updated the market on its intention to apply for a standard listing on the London Stock Exchange’s main market on Friday, which it initially announced on 2 February.

09 Feb
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Strategic Minerals subsidiary gets extension to Cobre Mine access

Diversified mineral development and production company Strategic Minerals announced on Friday that its access to the Cobre magnetite stockpile in New Mexico has been extended to 31 March 2019.

09 Feb
Scisys renews long-term service contract with BBC

Scisys has announced the renewal of its contract to supply support and maintenance services for the BBC's enterprise audio broadcast technology.

09 Feb
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BNN Technology set for AIM delisting on Monday

BNN Technology announced on Friday that it has not appointed a replacement nominated advisor, and as such its ordinary shares will be de-listed on AIM as of 0700 GMT on 12 February.

09 Feb
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Physiomics shares jump as new 'virtual tumour' contract signed

Shares are on the rise in cancer technology company Physiomics after it announced a contract with a major global top 10 pharmaceutical client.

09 Feb
nationwide
Nationwide maintains position amid tough market

Nationwide Building Society published its interim management statement for the period from 5 April to 31 December on Friday, reporting that underlying profit increased to £883m from £866m year-on-year, while statutory profit fell to £886m from £946m.

09 Feb
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Amazon not backing down from Premier League TV auction

Analysts believe that Facebook, Google and Netflix are no longer interested in bidding for the Premier League’s broadcasting rights but Amazon may still look to tackle current owners Sky and BT in the forthcoming TV auction.

09 Feb
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Ten Entertainment buys sites in Chichester and Warrington

AIM-listed ten-pin bowling company Ten Entertainment Group has acquired two new sites in Chichester and Warrington, taking its estate to 42 sites and continuing its acquisition strategy.

09 Feb
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Unisys hits other targets while earnings fall

Information technology giant Unisys issued its full-year numbers on Friday, reporting that it generated fourth-quarter total revenue of $747m, representing growth of 3. 5% year-on-year.

09 Feb
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Dukemount Capital gets extension on option to buy

Property management and long-dated income provider Dukemount Capital updated the market on its four-month option to buy on Friday, which was signed at the time it completed its second acquisition in North West England in October last year.

09 Feb
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S&U sees motor finance record at Advantage division

Motor finance and property bridging lender S&U updated the market on Friday, on its trading for the period from 7 December to its year-end on 31 January.

09 Feb
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Schroder European agrees terms to City BKK to surrender Hamburg lease

Schroder European Real Estate Investment Trust announced on Friday that it has agreed terms for City BKK to surrender its lease at the Hamburg office asset in Germany, in return for a cash payment to the company of €3. 9m.