What is relatively unusual is this is a partnership with no financial stake taken in the company by Tinexta
Yesterday Tinexta’s announced a commercial partnership with Germany’s largest Qualified Trust Service Provider, VERIMI in order to develop and expand its Digital Trust activities in Germany. This is significant as it represents the first foothold in Europe’s largest and most important market for digital trust activities.
Britvic announced its 3Q trading statement to 7 July 2019. Revenue decreased 1.5% (constant currency and excluding Soft Drinks Industry Levy/Sugar Sweetened Soft Drinks Tax) to £360.1m compared to last year.
24-07-2019 07:18:31 • 1 minute(s) read Author Sparks Team
QinetiQ Group posted its trading update covering its first quarter of trading. Revenue under contract was 85%, up from 74% in April 2019. The company is on track to deliver mid-single-digit revenue growth this year.
Financials & real estate
24-07-2019 07:17:40 • minute(s) read Author Sparks Team
Raven Property Group confirmed that, in accordance with the terms of an agreement with Invesco Asset Management Limited (IAML), the number of ordinary shares to be purchased from IAML has been fixed at the minimum amount of 17,000,000 ordinary shares.
24-07-2019 07:13:48 • 2 minute(s) read Author Sparks Team
Law Debenture reports a 60% increase in dividends over the last 10 years
Law Debenture Corporation announced in its results for the half-year ended 30 June 2019 that NAV total return for the six months was 10.3%, compared to the 13.0% returned by the benchmark FTSE All Share Index. The trust continues to outperform the index on three, five and 10-year metrics. NAV/sh at fair value was 663.67p.
24-07-2019 07:11:23 • minute(s) read Author Sparks Team
Signs contract extension with one of its largest VCSEL customers
IQE announced the commencement of initial VCSEL production at the Newport Mega Factory for a second major customer. The company signed a contract extension until the end of 2021, with one of its largest VCSEL customers. It has also extended two other existing contracts and noted that several other new contracts are in final negotiations. Vertical Cavity Surface Emitting Lasers (VCSELs) are a critical component in several 3D systems, using both structured light and Time of Flight (ToF) technologies.
23-07-2019 08:40:00 • 1 minute(s) read Author Christian Breitsprecher
Dürr, a market leader in paint systems for the automotive industry and wood processing machinery, reported preliminary H119 numbers yesterday. Revenues grew by 7.5% to €1.88bn in H119, with orders slightly higher than sales at €1.92bn but down 1.7% year-on-year.
23-07-2019 08:29:00 • 1 minute(s) read Author Sparks Team
With the new unit, the company targets a young and digital client group
Pantaflix, a European media group, revealed yesterday it will launch a new production unit, PantaStudio. It will make in-house productions that will be available on the group’s own platform and via associated mobile application.
23-07-2019 08:23:00 • 1 minute(s) read Author Sparks Team
It reports NAV/sh of €1.33 and EPS of €0.226 for this period
European Assets Trust announced unaudited interim results for the six months to 30 June 2019. The total return of its benchmark the EMIX Smaller European Companies (ex UK) Index rose 16.0% during the same period. The share price discount reduced to 5.5% at the period end (Sterling share price return for the period was 25.5%).
23-07-2019 07:23:39 • 2 minute(s) read Author Sparks Team
Norcros announced its trading update for the 13-week period to 30 June 2019 ahead of its AGM today. Group revenue for the 13-week period was 4.9% higher on a reported basis compared to the same period last year. On a like-for-like (LFL) basis, group revenue was in line with the previous year.
22-07-2019 11:08:00 • 1 minute(s) read Author Sparks Team
The company highlights it is an important step in the development strategy for lefitolimod in HIV
Today Mologen announced that EBioMedicine, a journal from The Lancet group, published an article on the exploratory phase Ib/IIa TEACH trial that uses the company’s lead compound, lefitolimod, in HIV indication. According to the results, lefitolimod has positive effects on the activation of anti-viral immunity in HIV patients treated with anti-retroviral therapy (ART).
22-07-2019 09:33:00 • 1 minute(s) read Author Sparks Team
The company raises its FY19 sales forecast to €220-230m
Today Mensch und Machine (M+M) released its H119 results, posting a 27% year-on-year growth in revenues to €120.2m. EBIT reached €14.0, up by 36% year-on-year, and EPS stood at €0.49 per share versus last year’s €0.39. Organic growth of 20% in sales and 22% in net profit was supplemented by strong figures from a new group member SOFiSTiK, according to M+M.
22-07-2019 09:20:00 • 1 minute(s) read Author Sparks Team
This is the first part of the agreement with IKAV Group
Daldrup & Söhne, an onshore drilling and environmental services company, announced last Friday it has received €5.2m earmarked funds from the sale of its stakes in Geysir Europe GmbH (Geysir) and geox GmbH (geox) to IKAV Group (IKAV), a renewable energy investor.