School

Vodafone announces Mo Salah as Foundation & UNHCR Schools Ambassador

FTSE News FTSE 100

Vodafone Group Plc (LON:VOD) has announced that Mohamed Salah has joined up with Vodafone Foundation and UNHCR as first Instant Network Schools Ambassador. ·    Footballer becomes Ambassador for school programme that aims to give a quality education to 500,000 refugee and host country students by 2025. ·    20 new Instant Network Schools will be launched this year as the programme prepares to …

Tesco sell 20% share in Gain Land to JV partner China Resources Holdings

FTSE News FTSE 100

Tesco PLC (LON:TSCO) today announced the sale of its 20% share in Gain Land to a subsidiary of its joint venture partner, China Resources Holdings.  Gain Land is the Chinese joint venture with CRH that was established in 2014.  The disposal will result in net cash proceeds to Tesco of c.£275m which will be used for general corporate purposes. The disposal …

biopharmaceutical

AstraZeneca to sublicense its global rights to Movantik to RedHill Biopharma

FTSE News FTSE 100

AstraZeneca (LON:AZN) has today announced that it has agreed to sublicense its global rights to Movantik (naloxegol), excluding Europe, Canada and Israel, to RedHill Biopharma (RedHill). Movantik is a peripherally acting mu-opioid receptor antagonist indicated for the treatment of opioid-induced constipation. Ruud Dobber, Executive Vice President, BioPharmaceuticals Business Unit, said: “This divestment supports our strategy to realise value from medicines in our portfolio that …

Meggitt Chairman & Director Sir Nigel Rudd to step down

FTSE News FTSE 100

Meggitt PLC (LON:MGGT) has today announced that Sir Nigel Rudd, Chairman, intends to step down as Chairman and Director of the Company to spend more time on his business and other interests. Sir Nigel will remain as Chairman until his successor is appointed, but will not seek re-election at the 2021 AGM. Guy Berruyer, Senior Independent Director, will lead the …

Bunzl announces two further acquisitions in Brazil and Denmark

FTSE News FTSE 100

Bunzl plc (LON:BNZL), the specialist international distribution and services Group, today announced two further acquisitions in Brazil and Denmark. Medcorp, a distributor of healthcare related products based in Sao Paulo, was acquired at the end of January.  It is principally engaged in the supply of a broad range of consumable medical products, particularly those used for dialysis and vascular access.  …

Oxygen analysis

Halma acquires Maxtec to extend its presence in diagnostic products and acute healthcare

FTSE News FTSE 100

Halma plc (LON:HLMA), the leading safety, health and environmental technology group, today announces that it has acquired Maxtec, LLC, which is based in Utah, USA. Maxtec is a leader in the design, manufacture and distribution of oxygen analysis and delivery products for use in medical and non-medical applications. They specialise in innovative products for respiratory care, including in oxygen sensors …

Pension funding

BAE Systems reaches agreement with the Trustee Board for pension funding

FTSE News FTSE 100

BAE Systems plc (LON:BA) today announced that, after consultation with The Pensions Regulator in the UK, it has reached agreement with the Trustee Board of the combined scheme on the accelerated funding valuation and revised deficit recovery plan. In October 2019, six of the Group’s nine UK pension schemes (including the two largest schemes) were consolidated into a single scheme. …

AVEVA Group High organic revenue growth

FTSE News FTSE 100

AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, today provided a trading update for the 10 months ended 31 January 2020. The Group achieved high single-digit organic constant currency revenue growth in the first ten months of the financial year. This was supported by strong orders in Rental & Subscription, for both on premise and Cloud solutions, …

Anglo American Platinum appoints Natascha Viljoen as CEO

FTSE News FTSE 100

Anglo American plc (LON:AAL) today noted the announcement by Anglo American Platinum Limited released this morning to the Johannesburg stock exchange. The text of the announcement is copied below: The Board of Anglo American Platinum Limited announces the appointment of Natascha Viljoen as CEO, with effect from 16 April 2020, following Chris Griffith’s decision to step down after more than …