OnTheMarket (OTMP); UK’s largest property franchise to list all its properties at OnTheMarket
Belvoir letting is the UK's largest property franchise with a network of 300 franchise agents nationwide
OnTheMarket has signed an agreement with Belvoir Lettings to advertise all its UK residential properties on the companies online real estate portal. Belvoir will actively promote the portals brand with digital and branch-based marketing activity.
Read more...1Spatial (SPA); 1H results: revenue increases to £8.8m
FY results in line with expectations
1Spatial, in its results for 1H ended July 2018, reported an increase in revenue to £8.8m from £8.6m and adjusted EBITDA to £0.6m from £0.1m, compared to 1H 2017. The company is now debt-free, having raised £8m in a placing in August.
Read more...StatPro Group (SOG); signs contract with a large South African financial institution
The financial institution is an existing client of the group
StatPro Group has signed a five-year contract worth about £1.0m (ZAR 19.5m) with a large South African financial institution for its Infovest service.
Read more...GB Group (GBG); acquires Vix Verify Global for $38.3m
For the year ending 30 June 2018, Vix Verify Global reported net revenues and profit before tax of $21.9m and $0.8m
GB Group announced it acquired 100% of Vix Verify Global and selected subsidiaries and assets for a total cash consideration of $38.3m (approximately £21.2m). This deal is expected to be earnings accretive during the first 12 months of consolidated GBG ownership.
Read more...NetScientific (NSCI); portfolio company receives $10m investment for 40% stake
Glycotest to receive 3m upfront with the remainder payable subject to milestone achievements
Glycotest, a NetScientific portfolio company, has agreed to Series A financing from Shanghai Fosun Pharmaceutical Co. of China, giving Fosun a 40% stake in return.
Read more...eServGlobal (ESG); completes the entitlement offer
Retail offer raises £1.23m from qualifying holders
eServGlobal announced that it has completed the retail component of its 1 for 11 accelerated non-renounceable entitlement offers, representing the second stage of £19m in fundraising announced on 27 September 2018.
Read more...BioPharma Credit (BPCR); announce an ordinary share placing and a C share conversion
The ordinary share placing opens on 19 October 2018 and the C shares will be suspended from trading from 26 October 2018 at 7.30 am
BioPharma Credit declared it will convert its C shares into ordinary shares as the assets attributable to the C shares are now 100% invested. The company also reported today that it will target $150m through a placing of ordinary shares.
Read more...InterContinental Hotels (IHG); positive trading update reports RevPAR is up 1.0%
Intercontinental Hotels opens a record 19,000 rooms in the quarter
Positive update from InterContinental Hotels, reflecting a helpful portfolio effect from its non-US operations. Third-quarter RevPAR is up 1.0%, below year-to-date +2.7%, impacted by a strong comparative quarter as a result of the US hurricanes last year.
Read more...Record (REC); trading update reports AUME grew 0.2% to $61.8b
Stock down 12.19% to 31.04p at 8:06
Record reported a 0.2% decrease in its AUME in USD terms to $61.8b in Sep 2018 from $61.9b in June 2018, or a 1.1% increase to £47.4b from £46.9b in GBP terms. At the same time, Record’s fee rates during the quarter remained unchanged compared to the previous quarter, no performance fee was earned by the company.
Read more...London Stock Exchange Group (LSE); posts trading update and acquires additional stake in LCH group
LCH post trade income rose 15%, while Capital Markets LFL revenue grew 2% and Information Services segment revenues grew 17% year-on-year
Today the LSE’s trading update reported like-for-like total income for the three months ending September 2018 rose 8% and 9% respectively.
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