Pints of Beer

Marston’s PLC a creditable performance in a challenging market

FTSE News FTSE 250

Marston’s PLC (LON: MARS) issued today the following trading update for the 16 week period to 18 January 2020 ahead of the Annual General Meeting to be held at 11:00 hrs today. Trading Pubs Total managed and franchise like-for-like sales growth for the period increased 1.0%, reflecting continued growth in drinks sales offset by weaker food sales. Trading over the …

Pantheon International Plc Performance Update at 31 December 2019

FTSE News FTSE 250

Pantheon International Plc (LON: PIN) has today provided a performance update as at 31 December 2019. Foreign Exchange losses (-2.2%) accounted for most of the NAV movement in December offsetting the positive contribution from underlying investment valuations in the month. Highlights 2,749.3p NAV per share -1.8% NAV per share movement for the month £1.5bn Net asset value £18.1m Net portfolio …

Medtech

Smith & Nephew acquires Tusker Medical, Inc

FTSE News FTSE 100

Smith & Nephew (LON:SN), the global medical technology business, today announced that it has acquired California-based Tusker Medical, Inc., the developer of the Tula System, an in-office solution for tympanostomy tubes (commonly known as ear tubes). The acquisition supports Smith+Nephew’s strategy to invest in innovative technologies that address unmet clinical needs. Every year in the United States alone, approximately 700,0001 children …

gold bars

Polymetal International exceed guidance for the eighth year in a row

FTSE News FTSE 100

Polymetal International (LON:POLY) has today announced its Q4 and full year 2019 production results. “A strong Q4 allowed Polymetal to exceed both original and updated guidance for the eighth year in a row. Robust production and positive gold price dynamics drove strong free cash flow generation”, said Vitaly Nesis, Group CEO of Polymetal. “Stable operating performance should ensure steady and significant dividend flow while planned progress with execution of Nezhda and POX-2 projects will enable us to resume production growth in 2022”. HIGHLIGHTS The Company’s FY2019 gold equivalent (“GE”) production amounted to …

PPHE Hotel Group

PPHE Hotel Group 6.3% like-for-like room revenue growth

FTSE News FTSE 250

PPHE Hotel Group (LON: PPH), the international hospitality real estate group which develops, owns and operates hotels and resorts, today announced a trading update for the year ended 31 December 2019. · Like-for-like1 Group room revenue for the year grew by 6.3% to £249m (2018: £234m) · Reported Group room revenue for the year increased by 5.9% to £250m (2018: …

accommodation development

Unite Group plc Granted planning permission for Bristol 416 bed student accommodation

FTSE News FTSE 250

The Unite Group plc (LON: UTG), the UK’s leading owner, manager and developer of student accommodation, has received resolution to grant planning permission for its 416-bed student accommodation development in Bristol city centre, incorporating the conversion of the former Georgian hospital building into 62 rented residential homes. The site occupies a prime location in Bristol city centre and will provide …

PureTech Health Receives $200 Million from Sale of Minority Affiliate Shares

FTSE News FTSE 250

PureTech Health plc (LON: PRTC), a clinical stage biotechnology company dedicated to discovering, developing and commercialising highly differentiated medicines for devastating diseases, today announces that it has sold 2.1 million shares of its affiliate Karuna Therapeutics (NASDAQ: KRTX) for a cash consideration of approximately $200 million to Goldman Sachs & Co. LLC. PureTech intends to use the proceeds from the …

John Laing Group CEO Olivier Brousse Resigns to move to Veolia Group

FTSE News FTSE 250

John Laing Group plc (LON: JLG) announced today that Olivier Brousse, has tendered his resignation from his position as Chief Executive Officer of the Company in order to take up a senior position at Veolia Group. Olivier will remain as CEO of the Company whilst he assists the Company to effect an orderly transition. The Company is in the process …

Syncona Limited Autolus announces pricing of public offering

FTSE News FTSE 250

Syncona Ltd (LON: SYNC), a leading healthcare company focused on founding, building and funding global leaders in life science, has noted that its portfolio company, Autolus Therapeutics plc today announced the pricing of its underwritten public offering in the United States of 7,250,000 American Depositary Shares representing 7,250,000 ordinary shares, at a public offering price of $11.00 per ADS, for …

mining

Anglo American Production up 4% for the quarter

FTSE News FTSE 100

Anglo American (LON:AAL) has today announced its Production Report for the fourth quarter ended 31 December 2019. Mark Cutifani, Chief Executive of Anglo American, said: “We have delivered our full year production targets across the business. Production is up 4%(1) for the quarter led by the continued successful ramp-up at Minas-Rio in Brazil. Increased production at Metallurgical Coal in Australia was offset by …