Latest News
Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
Cornish Metals secures £28.6 million government investment to restart historic South Crofty tin mine
The UK’s National Wealth Fund (NWF) has announced a £28.6 million direct equity investment into Cornish Metals (AIM: CUSN) to help finance and de-risk the re-opening of the South Crofty tin mine in Cornwall. The fully-permitted underground development hosts one of the world’s highest-grade tin resources and racked up more than 400 years of recorded […]
Cameco and Kazatomprom suspend Inkai operations amid regulatory delays, boosting uranium prices
The global uranium price improved after the giant Inkai joint venture operations in Kazakhstan were suspended due to a delay in receiving key government approvals. Canada’s Cameco (40%) confirmed the shutdown of production activity at the JV operation after being informed by partner Kazatomprom (60%) that the in-situ recovery JV failed to receive an extension […]
Base Resources receives takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels has made a takeover bid for Australian company Base Resources (AIM: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base share held […]
Keywords Studios sees revenue jump following strategic acquisitions
Irish video game service provider Keywords Studios (LSE: KWS) has cited robust organic growth and multiple acquisitions for a 13% jump in 2023 full-year revenue to approximately £666 million, from £590 million in the previous year. The company’s adjusted operating profit rose 6% to £104 million with a 15.6% margin, which was ahead of its […]
Mike Ashley joins Hornby as consultant amid Frasers Group’s increased stake
International models and collectibles group Hornby has engaged retail tycoon Mike Ashley as a consultant to the company. The appointment comes one month after it was revealed that Mr Ashley’s company Frasers Group had upped its stake as a strategic shareholder. Mr Ashley will provide the services to the toy company through his wholly-owned company […]
Poolbeg Pharma moves closer to granting of patent for POLB 001 to treat multiple diseases
UK biopharmaceutical company Poolbeg Pharma (AIM: POLB) has received a notice of allowance from the US Patent Office in relation to an application for its lead candidate POLB 001 in the treatment of multiple diseases. The notice covers a class of drugs (including POLB 001) for treating hypercytokinaemia (cytokine storm) and for preventing its development […]
Diversified Energy to lift interests in US oil and gas assets
London and New York-listed Diversified Energy Company (LSE: DEC) has entered into a conditional agreement with Oaktree Capital Management for the strategic acquisition of working interests in a number of operated assets in the Central Region of the US. The US$386 million acquisition will consolidate Diversified’s working interest in its existing operated wells in the […]
Faron Pharma reports improved remission rates from Bexmab Phase 1 trial to treat patients with aggressive cancers
Faron Pharmaceuticals (LSE: FARN) has reported positive data from Phase 1 of an ongoing trial investigating bexmarilimab (Bexmab) in combination with standard of care in aggressive hematological malignancies of acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS). Four out of five initial Phase 1 patients have now been on Bexmab with azacitidine for more than […]
Sign In Solutions makes £28.35m cash bid for SmartSpace Software
Sign In Solutions subsidiary Welcome UK Bidco has made a £28.35 million cash offer for technology business SmartSpace Software (LSE: SMRT) by way of a court-sanctioned scheme of arrangement. SmartSpace designs and builds smart software solutions such as visitor, desk and meeting room management to help transform employee engagement. Under the terms of the deal, […]
Vodafone Group to divest Italian business in US$8.71b deal with Swisscom
Vodafone Group Plc (LSE: VOD) has announced it will divest its subsidiary Vodafone Italy to Switzerland-based telco Swisscom AG. The US$8.71 billion transaction follows an extended period of engagement with several companies to explore market consolidation options in Italy. It comes hot on the heels of Vodafone Spain’s divestment in October to Zegona Communications plc […]
China’s JD.com becomes second suitor to walk away from takeover bid for Currys
Chinese e-commerce giant JD.com (also known as Jingdong) has walked away from a takeover tussle for British appliance and electronics chain Currys plc (LSE: CURY). In a brief statement released last week, the company said it would no longer pursue an offer for the High Street brand, less than one month after entering the race. […]
Ondine Biomedical’s Steriwave antimicrobial to be rolled out in eight new healthcare facilities
Ondine Biomedical (LSE: OBI) has announced that its Steriwave nasal photodisinfection and chlorhexidine skin decolonisation technology will be deployed in eight new healthcare facilities worldwide, including six hospitals. The commercial deals are paid adoptions which had begun or were agreed to before the end of February. The first three are at hospitals in Spain and […]