easyHotel (EZH); like-for-like franchised revenue up 12% in the year to September
Investors backed companies expansion plan in a £38m placing in march
Investors in the consumer segment currently need independent performance that is uncorrelated with the backdrop of economic uncertainty and negative consumer sentiment. This is what easyHotel is delivering with owned hotels’ revpar up 11% and like-for-like franchised revenue up 12% in the year to September.
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Supermarket Income REIT (SUPR); interim dividend of 1.375p per ordinary share
Stock up 0.97% to 104p at 8:01
An interim dividend of 1.375p per ordinary share has been declared for the quarter ending September 2018 which is payable around 6 November.
Read more...XP Power (XPP); trading update: robust trading in the third quarter
The company issued a trading update for the quarter ended 30 September 2018. The board expects full year performance to be in line with its current expectations as outlined during interim results on 30 July 2018. Net debt was £49.3m on 30 September 2018.
Read more...Diurnal Group (DNL); announces headline data for Chronocort European phase III clinical trial
Stock down 46.51% to 57.50p at 8:18
Diurnal Group announced that the primary objective of the clinical trial to demonstrate superiority of Chronocort to conventional therapy in endocrine control over the 24-hour period was not met.
Read more...7digital Group (7DIG); makes significant progress in consolidation of business post 24-7 acquisition
Stock flat at 4.10p at 8:07
7digital has announced that it advanced towards completing the consolidation of its business, following the 24-7 acquisition in 2017. It has reduced the overall headcount by 35% since December 2017.
Read more...Cohort (CHRT); SEA awarded £3m contract to supply & install Metro Red Light enforcement system
Cohort announced that SEA, its subsidiary, will supply and install over 30 Metro Red Light enforcement systems to Network Rail. The system uses video analytics to improve safety at level crossings.
Read more...KEFI Minerals (KEFI); clearance obtained for community resettlement at Tulu Kapi Gold Project
Stock down 6.25% to 1.95p at 8:10
KEFI announced that the local, zonal and regional authorities have confirmed their intention to trigger resettlement of the Tulu Kapi community by 1 January 2019. This complements the company’s plan to start construction in early 2019 and commission production during H2 2020.
Read more...Unilever (UN): withdraws its proposal to abandon its UK-Dutch duel governance structure
Unilever's plan to move its headquarter to Rotterdam fails to get support from shareholders
Consumer goods group Unilever has abandoned its controversial plan to ditch its 88-year UK-Dutch dual governance structure and move its headquarters to Rotterdam.
Read more...Oxford BioMedica (OXB); strategic alliance with Orchard for development of gene therapy
Stock up 0.08% to 881.27p at 8:36
OXB announced that it currently holds 1,111,924 shares in Orchard Therapeutics (Orchard), which has planned a NASDAQ IPO. These shares were issued to OXB at the time of signing a licensing agreement (November 2016) and later on completing certain milestones.
Read more...Diurnal Group (DNL); starts enrolment for Phase III CAH clinical trial
Diurnal expects to complete the trail in late 2020
DNL announced the enrolment of first two patients in a study designed for treatment interventions in adults with congenital adrenal hyperplasia (CAH). The company plans to file NDA in the US in 2021.
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