News And Announcements
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Renalytix AI begins clinical validation study for 'KidneyIntelX'

Artificial intelligence-enabled kidney disease diagnostics developer Renalytix AI announced the start of its clinical validation study for its lead diagnostic, ‘KidneyIntelX’, on Wednesday.

Acquisition strategy a winner for Rotala

Rotala updated the market on its trading for the year ended 30 November on Wednesday, reporting that the 2018 financial year was in line with market expectations.

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Burberry's festive growth cools but 'brand heat' grows

Burberry sales disappointed slightly over the festive quarter but the fashion house maintained that it was successfully building "brand heat" ahead of the launch next month of its new creative director's debut collection.

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Botswana Diamonds raises fresh £0.37m in placing

Botswana Diamonds announced on Wednesday that it has undertaken a placing with existing and new investors to raise £0. 37m via the issue of 67,272,727 new ordinary shares at a price of 0. 55p each.

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StatPro focus on recurring revenue paying off

Cloud-based portfolio analysis and asset pricing service provider StatPro Group updated the market on its trading for the year ended 31 December on Wednesday, reporting that group revenue was expected to be about £54. 7m, up from £49. 3m year-on-year.

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Analyst recommendations fail to beat the market

The ten blue-chip stocks most regularly backed by analysts with ‘buy’ recommendations lost more than the FTSE 100 index in 2018, fresh analysis showed on Wednesday.

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United Technologies sees profits taking-off in 2019

United Technologies shrugged off concerns about the strength of the dollar to forecast solid profit growth for 2019 as it posted above-estimate fourth-quarter numbers.

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Ocado earnings to take up-front hit on overseas contracts

Analysts said Ocado's explanation of new accounting rules will make earnings appear "ugly" but that cash flows will not be affected.

AJ Bell customers numbers grow but markets hit AUM

Investment platform AJ Bell reported a respectable start to trading as a listed company, with 4% growth in customer numbers and positive net flows.

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RPC finally receives offer from Apollo

After at least four months of talks, RPC Group has finally received a take-private offer from US private equity group Apollo, valuing the plastics manufacturer at £3. 3m.

G4S to pay up to $130m to settle US class action

Shares in security services firm G4S were under pressure on Wednesday after it said late the previous day that it has agreed to pay up to $130m to settle a class action in the US.

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Santander to close 140 branches and risk 1,200 layoffs

Spanish bank Santander said it was cutting around 140 branches which would put 1,270 jobs at risk.

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IBM cheers market as results narrowly beat expectations

Shares in IBM jumped in pre-market trading on Wednesday after the US firm beat quarterly earnings estimates.

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Patisserie Valerie owner calls in administrators after bank talks fail

Patisserie Holdings has called in the administrators after directors failed to get support from the cafe chain's lenders.

Brewin Dolphin Q1 funds drop amid falling markets

Wealth manager Brewin Dolphin reported a drop in total first-quarter funds on Wednesday as markets fell and client activity slowed.

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VR Education steps up marketing game after release of 'Titanic VR'

Education-focussed virtual reality technology company VR Education updated the market on its trading for the year ended 31 December on Wednesday, reporting that revenue was expected to be around €0. 7m following the release of the ‘Titanic VR’ title on the Sony PlayStation platform on 22 November.

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Hotel Chocolat hails solid festive performance

Hotel Chocolat hailed a solid performance over the festive period on Wednesday as it benefited from the opening of new stores.

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Eight Peaks takes interest in cybersecurity platform through SOARX investment

Eight Peaks Group has acquired a 25% stake in a software development, integration and distribution company that operates in the cybersecurity space - SOARX - for £0. 13m in cash, it announced on Wednesday.

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Metro Bank shares plunge as growth slows

Metro Bank shares were falling through the floor in early trading on Wednesday, after the company reported underlying profit before tax of £50m for 2018 in a trading update.

Young's adds 15 pubs with Redcomb acquisition

Young & Co. ’s Brewery announced the acquisition of Redcomb Pubs - a company that owns and operates 15 pubs in “prime” locations - for £34m on a cash-free and debt-free basis on Wednesday.