CARDIFF: Midatech Pharma PLC, an R&D biotechnology company focused on delivering innovative oncology and rare disease products to patients, has entered into a research collaboration with Dr Reddy’s, one of the global pharmaceutical companies, committed to accelerating access to affordable and innovative medicines. Midatech will deploy its in-house expertise and proprietary drug delivery platforms towards…
Union Jack Oil acquires further interest in the Wressle Hydrocarbon Development Project
LONDON: Union Jack Oil, a UK focused onshore hydrocarbon company, has agreed to acquire a further 12.5% economic interest in PEDL180 and PEDL182 containing the Wressle hydrocarbon development project from Humber Oil & Gas Limited for a cash consideration of £500,000. Union Jack will acquire a further 12.5% in the Wressle development, increasing its interest…
Costain appointed onto £350 million Anglian Water Strategic Pipeline Alliance
LONDON: Costain Group Plc, the smart infrastructure solutions company, has been appointed onto Anglian Water’s over £350 million new Strategic Pipeline Alliance. Under the eight-year contract, as part of the alliance, Costain will provide a range of integrated services including strategic programme management, digital technology expertise and complex programme delivery for the supply-side strategy of…
TP Group announces first production of ultra-high purity oxygen using new modular system
LONDON: TP Group provided an update on its development programme to build modular gas production equipment announced 16 April 2020. TP Group engineers at the Portsmouth technology centre have completed the first phase of the project by commissioning a single modular system that produced both oxygen and hydrogen at ultra-high purity levels. Under trial conditions,…
BWA Group appoints James Hogg as a non-executive director
LONDON: BWA Group plc has appointed James Hogg MSc. BSc. MAIG as a non-Executive Director of the Company. BWA Group plc has seven mineral exploration licences split between Canada and Cameroon at various stages of development. James is Principal Geologist and Managing Director of Addison Mining Services (Addison) and has over 20 years of experience…
PhosAgro CEO takes part in panel session for agribusiness leaders at the Synergy Executive Forum
MOSCOW: Andrey Guryev, the CEO of PhosAgro and President of the Russian Fertilizer Producers Association (RFPA), took part in a panel session for Russian agribusiness leaders during the Synergy Executive Forum. The Chairman of the Board of Directors of Rostselmash, Konstantin Babkin, and the founder of the Russian Parmesan project, Oleg Sirota, also took part…
BlueRock announces private sale of diamonds
LONDON: BlueRock Diamonds PLC, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced the private sale of 2,400 carats at an average of USD290 per carat for a total of USD 700,000. BlueRock Executive Chairman, Mike Houston, said, “This sale at a time when the traditional sales channels…
Segro acquires urban warehouse park in prime west London for £202.5 million
LONDON: SEGRO plc has acquired Perivale Park, a 34 acre urban warehouse estate in Perivale, West London, from Federated Hermes for £202.5 million. The estate is located in SEGRO’s core west London cluster alongside the A40 main road into Central London and within 2 miles of London’s inner arterial road, the North Circular Road, making…
Surface Transforms announces £5m Koenigsegg contract award
LONDON: Surface Transforms, manufacturers of carbon fibre reinforced ceramic materials, has been selected as the tier one sole supplier of carbon ceramic brake discs on the recently launched Koenigsegg Gemera. The lifetime value of the contract is in excess of £5m with a start of production in mid 2022 completing in mid 2027. Revenue is…
Oxford Biomedica signs 5-year collaboration agreement with the Vaccines Manufacturing and Innovation Centre
OXFORD: Oxford Biomedica has signed a Collaboration Agreement with the Vaccines Manufacturing and Innovation Centre (VMIC), a not-for-profit organisation established to provide the UK’s first strategic vaccine development and advanced manufacturing capability. This five year Agreement will involve the organisations working collaboratively to enable the manufacture of viral vector based vaccines, contributing towards a rapid…
Hummingbird Resources signs agreement to acquire Kouroussa Gold Project
LONDON: Hummingbird Resources plc signed a binding heads of terms agreement for the acquisition of the Kouroussa Gold Project located in Guinea, from Cassidy Gold Corp subject to standard conditions precedent including government approval. Initial consideration of £10 million satisfied through the issue of 35.248,441 Hummingbird new ordinary shares at 28.4p, currently representing 9.1% of…
Dar Al Takaful to acquire Noor Takaful for AED 215 million
DUBAI: Dar Al Takaful PJSC (DAT) has entered into a legally binding share purchase agreement with Noor Investment Group LLC and Noor Bank PJSC to acquire the entire share capital of both Noor Takaful General PJSC and Noor Takaful Family PJSC for a total consideration of AED 215 million in cash. The Company can confirm…