PZ Cussons CEO Alex Kanellis to step down

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PZ Cussons Plc (LON: PZC) has announced that Chief Executive Officer Alex Kanellis will retire from the Company on 31st January 2020. Alex Kanellis Alex has been with the Company since 1993 and has been Chief Executive Officer since 2006. During that time he has overseen significant development of the Group, including the operational restructuring of the business, the creation …

Riverstone Energy Limited

Riverstone Energy Limited Announces Sale of Offshore Gulf of Mexico Assets

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Riverstone International Limited, the Manager of Riverstone Energy Limited (LON: RSE), together with Riverstone Holdings have agreed to the sale of all offshore Gulf of Mexico assets owned by affiliates of Castex Energy 2014, LLC to Talos Energy Inc. (NYSE: TALO). In addition, Riverstone agreed to sell all of the undrilled primary term acreage and prospects of ILX Holdings III …

Stagecoach Group Major board changes

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Stagecoach Group plc (LON: SGC) has today announced a number of planned changes to its Board of Directors. The following changes to the Board of Directors are planned: • Sir Brian Souter will step down as Chairman on 31 December 2019 and will continue on the Board as a Non-Executive Director from 1 January 2020. • Ray O’Toole, Non-Executive Director, …

Stagecoach Group deliver a solid set of financial results

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Stagecoach Group (LON:SGC) has today announced its interim results for the half-year ended 26 October 2019. Financial highlights ·      Solid financial results reflecting business initiatives and the reduction in the scale of the Group over the last eighteen months ·      Adjusted earnings per share4 10.0 pence (H1 2019: 12.9 pence) ·      Statutory earnings per share 9.8 pence (H1 2019: loss per share 5.5 pence) …

Ibstock plc Kate Tinsley Appointed as Executive Director

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Ibstock plc (LON: IBST) announced today that Kate Tinsley will be appointed to the Board as an Executive Director with effect from the 1st January 2020. Kate is currently the Managing Director of Ibstock Clay having joined the Company in May of this year. There are no other details that are required to be disclosed under Rule 9.6.13 of the …

Edinburgh Investment Trust appoint Majedie Asset Management as new Investment Manager

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Edinburgh Investment Trust (LON:EDIN) has today announced that, after an extensive review of the Company’s investment management arrangements, it has entered into heads of terms to appoint Majedie Asset Management as the Company’s new AIFM. Glen Suarez, Chairman, The Edinburgh Investment Trust plc, commented: “I am disappointed by another weak result for the Company in today’s Interim Results, extending the period of underperformance …

Just Eat plc

Just Eat Reject Prosus N.V.’s revised Offer

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Prosus N.V. announced revised terms of 740 pence per share in cash to acquire the entire issued and to be issued share capital of Just Eat plc (LON: JE.) The Board of Just Eat has now considered the terms of the Prosus Offer and continues to believe that it significantly undervalues Just Eat and its attractive assets and prospects both …

Domino’s Pizza Group Hunt for new CEO and Chairman as Stephen Hemsley steps down

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The Board of Domino’s Pizza Group plc (LON: DOM) has announced that Stephen Hemsley has decided to step down from the Board with effect from the 29th December 2019. Ian Bull, Senior Independent Director will step into the role of Interim Chairman until a permanent replacement is appointed. The Board would like to place on record its appreciation of Stephen’s …

Watches of Switzerland Group Announces Acquisition of Four New Showrooms

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The Watches of Switzerland Group (LON: WOSG) announced today that it has entered into an agreement with Fraser Hart Limited to purchase four luxury watch and jewelry showrooms trading under the brand name Fraser Hart. The showrooms in Stratford, Brent Cross, Kingston and York will expand the Group’s UK store portfolio in strategic locations that align with the Group’s brand …

PureTech Health PLC

PureTech Health plc Affiliate Gelesis Secures Over $84 Million in New Capital

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PureTech Health plc (LON: PRTC), a clinical stage biotechnology company dedicated to discovering, developing and commercialising highly differentiated medicines for devastating diseases, has today noted that its affiliate Gelesis today announced it has secured $84.6 million in new capital. In total, Gelesis has obtained nearly $100 million this year to support the US launch of PlenityTM. “We are pleased that …