LONDON, UK: RTW Biotech Opportunities Ltd has agreed to the terms of a recommended all-share acquisition of Arix Bioscience PLC, to be affected through a scheme of reconstruction and the voluntary winding-up of Arix under section 110 of the Insolvency Act 1986, a notice said. The scheme will combine the assets of Arix with RTW…
Category: London Stock Exchange
News and updates from London Stock Exchange
United Oil & Gas terminates sale of North Sea Licence
LONDON, UK: United Oil & Gas PLC (AIM: UOG) announced the termination of the Asset Purchase Agreement (APA) with Quattro Energy Limited (Quattro) for the sale of the UK Central North Sea Licence P2519, which contains the Maria discovery in Block 15/18. The long stop date for the satisfaction of the APA conditions was extended…
Cellular Goods open shipping to France and Germany
LONDON, UK: Cellular Goods (LSE: CBX), a UK based company pioneering the use of lab-based and biosynthetic production methods for wellness and sustainability solutions, is pleased to announce that products in its ‘Look Better’ skincare range are now available to purchase for the first time in France and Germany. Cellular Goods has opened sales from…
AstraZeneca and Cellectis partner to accelerate development of next-generation therapeutics
LONDON, UK: AstraZeneca (NYSE: AZN) today announced a collaboration and investment agreement with Cellectis (NASDAQ: CLLS), a clinical-stage biotechnology company, to accelerate the development of next-generation therapeutics in areas of high unmet need, including oncology, immunology, and rare diseases. Under the terms of the agreement, AstraZeneca will leverage Cellectis’ proprietary gene editing technologies and manufacturing…
Halfords to sell 5% stake in Avayler to Bridgestone for $3 million
LONDON, UK: Halfords Group, the UK’s leading provider of Motoring and Cycling products and services, has reached an agreement for the sale of a 5% minority stake in its Avayler business, Avayler Trading Limited, to Bridgestone Americas Inc., a leading global mobility company, and has also agreed the terms of a master commercial agreement with…
Oxford Metrics to acquire Industrial Vision Systems (IVS) for £8.1 million
LONDON, UK: Oxford Metrics plc (LSE: OMG) has entered into an agreement to acquire Industrial Vision Systems Ltd (IVS), specialists in developing machine vision software and technology for high precision, automated quality control systems used across numerous industries. The consideration of £8.1 million is to be funded with existing cash resources and new ordinary Oxford…
Ignitis Group and Umicore Poland sign a corporate PPA for 137 MW Silesia WF II
LONDON, UK: AB “Ignitis grupė” informs that its subsidiary Silesia2 Wind Farm S.A. (hereinafter – Silesia WF II), managed by UAB “Ignitis renewables” (hereinafter – Ignitis Renewables), and Umicore Poland Sp. z o.o. (hereinafter – Umicore Poland), the Polish entity of leading circular materials technology company Umicore have entered into a 10-year corporate renewable power…
BHP to double potash production with US$4.9 billion investment in Canada
LONDON, UK: BHP, the world’s largest mining company, has announced a US$4.9 billion investment to expand its Jansen potash project in Saskatchewan, Canada. The stage two investment will double the production capacity of the project to 8.5 million tonnes per annum, making it one of the world’s largest potash mines. The investment follows BHP’s approval…
Samsung Electronics announces KRW 53.7 trillion capital expenditure plan
SEOUL, SOUTH KOREA: Samsung Electronics Co., Ltd. today announced its capital expenditure plan of approximately KRW 53.7 trillion for the period from January 1, 2023 to December 31, 2023, a document suggests. The company plans to invest in its key businesses, including memory, foundry, and display, to increase competitiveness and address future demand. The investment…
Safer and faster gold analysis goes global with MSALABS, Barrick and Chrysos partnership
A new partnership between MSALABS, Barrick Gold and Chrysos Corporation will bring PhotonAssay™ technology, a safer and faster way of analysing gold samples, to Barrick’s mines around the world. The three companies have already been working together successfully in Africa, where PhotonAssay™ has replaced the old and dangerous fire assay method. Now, they will expand…
ORR approves £43.1bn to deliver a safe and customer focused railway
LONDON, UK: The Office of Rail and Road (ORR) has today set out its Final Determination of Network Rail’s five-year, £43.1bn (£38.5bn in England and Wales, £4.6bn in Scotland) plans to deliver a safe and customer-focussed railway. The plans cover the five years from 1 April 2024, known as Control Period 7 (CP7). Since the…
IG Group slashes 10% of staff and £50m of costs to boost growth
LONDON, UK: IG Group, a London-based financial services company, is taking steps to make its business more efficient and profitable. The company plans to cut about 300 jobs, or 10% of its staff, by the end of FY23. It also aims to save £50 million a year by using its global hubs more effectively and…