Faron Pharmaceuticals Ltd - Turku, Finland-based cancer drug developer - Says the Disciplinary Committee of Nasdaq Helsinki Ltd has imposed an EUR30,000 fine over breaches in 2024. The committee found that Faron breached the Nasdaq First North Growth Rulebook for Issuers of Shares, regarding "the obligation to disclose inside information without undue delay in certain matters". It also breached "good securities market practise" regarding "certain public statements made in a media interview". Faron notes that the committee dismissed two alleged breaches, including "importantly," the allegation that Faron had not organised its administration in the manner required for listed companies. Read More
(Alliance News) - Crest Nicholson Holdings PLC's lenders have hired consulting firm Alvarez & Marsal Holdings LLC for advice on managing the Crest's finances, Sky News reported on Friday. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Financial advice network the Openwork Partnership is one of the bidders for Schroders PLC's financial planning unit Benchmark, Sky News reported on Friday. Read More
(Alliance News) - Stock prices in Europe were higher at midday Friday, while investors digested weaker eurozone growth data and looked ahead to key US labour market figures. Read More
Magnum Ice Cream Co NV - Amsterdam-based ice cream company spun off from Unilever PLC and owner of Magnum, Ben & Jerry's and Cornetto brands - Chief Executive Peter Ter Kulve buys 6,825 shares at an average price of EUR14.67 each, worth EUR100,149.71 in total, on Thursday in Amsterdam. The CEO bought 23,150 shares at EUR13.75, worth EUR318,206, on Monday, and bought 40,000 shares in March. Read More
(Alliance News) - BTG Consulting PLC on Friday said it has acquired liquidations website MVLOnline.co.uk. Read More
(Alliance News) - The blueprint for Britain's defence spending will be "another step up" in the amount spent on the military, UK Prime Minister Keir Starmer has vowed. Read More
(Alliance News) - UK firms have said they expect to increase prices less sharply than predicted in the aftermath of the Iran war, but more than half still plan to do so in response to the energy shock, according to Bank of England data. Read More
Image Scan Holdings PLC - Leicestershire, England-based provider of X-ray screening systems - Signs contract with a European government defence organisation, following a competitive international tender process. Under the contract, Image Scan will supply 25 units of its ThreatScan portable X-ray systems for use in explosive ordnance disposal operations. "The precise timing and allocation of revenue recognition will depend on delivery schedules and customer acceptance milestones, with a majority anticipated to be recognised in the current financial period," Image Scan says. Read More
Avacta Group PLC - London-based clinical-stage biopharmaceutical company - Raises gross proceeds of approximately GBP9 million from institutional investors and existing shareholders, through conditionally placing 12.8 million new shares at 70 pence each. Says one institutional cornerstone investor represents the majority of the funds. Notes that as of late August, the terms of its convertible bond were renegotiated to defer quarterly repayments and interest until October 20, 2027. The bondholder can accelerate the satisfaction of the quarterly repayments from October 1 this year. It will also have the right to accelerate satisfaction of one or both deferred repayments upon publication of Avacta's data readouts from its phase 1b trials of AVA6000 in triple-negative breast cancer or, if earlier, June 30. Avacta says the net placing proceeds will enable it to make the deferred repayments in cash, and make an additional quarterly payment in cash if required. Also notes that Chief Executive Officer Christina Coughlin and Non-Executive Director Mark Goldberg have both invested approximately GBP22,500 by subscribing for 32,142 shares each at the issue price. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday. Read More
(Alliance News) - Resolute Mining Ltd on Friday warned that second-quarter production will fall short of guidance due to political turmoil in Mali. Read More
British Land Co PLC - London-based real estate investment trust - Non-Executive Director Amanda Mackenzie buys 18,853 shares at 395.8 pence for GBP74,620. Non-Executive Director Raj Shah buys 25,300 shares at 393.4p for GBP99,530. Both transactions occurred on Wednesday in London. Read More