(Alliance News) - Kemi Badenoch has appointed Alex Burghart as deputy leader of the UK's Conservative Party as part of a reshuffle of her top team that saw Mel Stride sacked as shadow chancellor. Read More
(Alliance News) - Britain's commitment to the Falkland Islands remains "unwavering", Downing Street has said, after US President Donald Trump suggested the US could "review" its position on the archipelago. Read More
Hutchmed China Ltd - Hong Kong-based biopharmaceutical company - Announces "positive high-level results" from the Sanovo China phase 3 trial of Orpathys plus Tagrisso in treatment-naive patients with locally advanced or metastatic non-small cell lung cancer, whose tumours harbour epidermal growth factor receptor mutation and MET overexpression. Orpathys, or savolitinib, combined with Tagrisso or osimertinib, showed "a statistically significant and highly clinically meaningful improvement in progression-free survival" in the high MET and intention-to-treat patient populations, compared with Tagrisso alone. Hutchmed adds that "the combination also demonstrated a very encouraging clinical benefit in [the secondary endpoint of] overall survival" in both populations. Hutchmed is jointly developing Orpathys with AstraZeneca, which is also commercialising the treatment. Read More
Vodafone Group PLC - Berkshire, England-based telecommunications provider - Societe Generale SA agrees to acquire a 50% stake in Vodafone's German fibre joint venture, OXG Glasfaser Beteiligungs-GmbH, from Geodesia Holding Sarl. Read More
Michelmersh Brick Holdings PLC - Haywards Heath, West Sussex-based brick maker - Half-year pretax profit remains fairly steady despite an almost 10% decline in revenue amid a "highly fluctuating and inconsistent construction market both in the UK and northern Europe". Pretax profit declines 3.4% to GBP2.8 million in the six months that ended June 30 from GBP2.9 million a year before. Revenue falls by 9.5% to GBP32.4 million from GBP35.8 million a year before, but cost of sales decline mostly in line with this, and administration expenses also are reduced slightly. Gross margin widens to 37.0% from 33.6%. Read More
(Alliance News) - Capricorn Energy PLC on Tuesday recommended a higher cash takeover offer from DNO Bidco AS, as Norway's DNO ASA seeks to expand into Egypt's oil and gas sector. Read More
(Alliance News) - Ashtead Technology Holdings PLC on Tuesday reported a "resilient" first-half performance, and said it "remains well positioned to navigate near-term market headwinds". Read More
(Alliance News) - Former UK Prime Minister Keir Starmer is to quit Parliament saying he felt it was the "right time" to step down as an MP and focus on new work on international affairs. Read More
Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor in managed wind-down - Sells three handysize vessels for USD48.6 million gross in cash, partly to a company controlled by Chief Executive Officer Edward Buttery. The sales are expected to be completed by the end of September, Taylor Maritime says, and the majority of the net proceeds will be returned to shareholders by means of a compulsory partial redemption of shares. Taylor Maritime has been conducting share redemptions since the start of the year as part of its managed wind-down. The sale of one of the three vessels, which are small-sized cargo ships, is to T3 Holding Ltd, a company controlled by CEO Buttery, while the sale of the other two vessels is to T3 and Hermes World Maritime SA, a third party unrelated to Taylor Maritime. Read More
(Alliance News) - Central Asia Metals PLC on Tuesday said it has received conditional approval for a listing on the Toronto Stock Exchange. Read More
Bellway PLC - Newcastle upon Tyne-based housebuilder - Completes the second GBP75 million tranche of its GBP150 million share buyback programme announced in October. Deutsche Bank AG conducted the second tranche on Bellway's behalf. Bellway says that as of Friday, it has repurchased 3.9 million shares for cancellation. Read More
(Alliance News) - Stock prices in London were sharply lower at midday on Tuesday, as a global bond sell-off pushed long-term UK borrowing costs to a 28-year high, while rising oil prices and concerns over inflation added to investor unease. Read More