Edison Sparks - Morning News

Through Sparks, we give you first-impression commentary on breaking news from Edison clients and their peers. Sign up to our daily email for an overview of the key stories in the market today.

Consumer
13 hours ago • 1 minute(s) read
Author Christian Breitsprecher

Hawesko (HAW); expects 7–9% revenue growth in 2019

Company targets 5.0–5.7% EBIT margin this year

Wine retailer Hawesko published its 2018 annual report today. Its 2018 sales reached €524.3m (+3.4%) and adjusted EBIT was €28.1m, compared to €30.4m the year before. Due to this positive financial result, net income rose to €22m versus €18.5m in 2017.

Healthcare
13 hours ago • 2 minute(s) read
Author Sparks Team

Immunicum AB (IMMU); releases its Q119 results

The company will focus on validating further potential of ilixadencel, its lead product in development

Immunicum released today its Q119 results, posting net loss at SEK29.1m and EPS at a negative SEK0.3 compared with negative SEK0.6 in Q118. In the period, the company started to treat the first patient in the Phase Ib/II ILIAD clinical trial.

Financials & real estate
13 hours ago • 1 minute(s) read
Author Milosz Papst

publity AG (PBY); will partner with Meritz Financial Group and IGIS Asset Management

The companies have already carried out a €130m transaction in publity’s real estate portfolio

Yesterday publity announced that it will partner with Meritz Financial Group (Meritz) and IGIS Asset Management (IGIS). The companies will invest a high three-digit million amount during the next 18 months into publity real estate portfolio with a focus on office properties.

Consumer
15 hours ago • 1 minute(s) read
Author Sparks Team

Findel (FDL); insufficient acceptances to enable Sports Direct offer

The board of Findel notes that the level of acceptances announced by Sports Direct International is insufficient to accept the offer. The company received additional valid acceptances representing only 0.01% of Findel's issued share capital after the first closing date of 09 April 2019

When integrated with Sports Direct’s existing holding of 36.84% of Findel’s issued share capital and the acceptances in respect of 0.98% of Findel’s issued share capital received at the first closing date, this totals ~37.83% of Findel’s shares that are either owned or for which valid acceptances have now been received. This level of acceptances is not sufficient to enable Sports Direct to declare its offer unconditional.

Industrials
15 hours ago • 2 minute(s) read
Author Sparks Team

Severfield (SFR); report year-end net funds at £25m

Overall trading performance in line with management's expectations

Severfield announced its trading update for the year ending 31 March 2019. The UK and European order book remains in line with normal levels at £274m, while the market for structural steel in India continues to improve, according to the company, with an order book of £149m as of 1 April 2019. The Indian joint venture also continued to perform well in H2, according to Severfield, with a growing pipeline, which includes a number of potential commercial projects, including various industrial opportunities, including those for the company’s joint venture partner, JSW Steel.

Industrials
24-04-2019 11:25:00 • 1 minute(s) read
Author Sparks Team

Mutares AG (MUX); portfolio company sells its 49% stake in an Indian joint venture

Details of the transaction have not been disclosed

Mutares revealed today that its portfolio company and platform investment, Balcke-Dürr, has sold its 49% stake in Thermax SPX Energy Technologies Limited (Thermax SPX) to the company’s joint venture partner, Thermax Limited.

Financials & real estate
24-04-2019 08:18:10 • 1 minute(s) read
Author Sparks Team

ICG-Longbow (LBOW); reports PAT at £5.26m for the FY ending 31 Jan 2019

ICG-Longbow reported an NAV of £120.28m in their final results for the year ending 31 January 2019.

ICG-Longbow reported an NAV of £120.28m in their final results for the year ending 31 January 2019. Total dividends were reported at 6p per share, while total income, excluding prepayment fees, stood at £7.64m.

Healthcare
24-04-2019 08:16:12 • 1 minute(s) read
Author Sparks Team

Shield Therapeutics (STX); Swissmedic approves major extension of Feraccru in Switzerland

Shield Therapeutics announced that the Swiss Agency for Therapeutic Products (Swissmedic) has accepted a major extension of the approved indication for Feraccru®.

Shield Therapeutics announced that the Swiss Agency for Therapeutic Products (Swissmedic) has accepted a major extension of the approved indication for Feraccru to now include treatment of all adults with iron deficiency (ID) with or without anaemia.

TMT
24-04-2019 08:12:12 • 1 minute(s) read
Author Sparks Team

WANdisco (WAND); preliminary results: reports revenue of $17.0m for the year

WANdisco reported revenue of $17.0m for the 2018 financial year (2017: $19.6m). Revenue for the second half of the year increased 13% to $11.3m.

WANdisco reported revenue of $17.0m for the 2018 financial year (2017: $19.6m). Revenue for the second half of the year increased 13% to $11.3m. That said, WANdisco reported both an adjusted EBITDA loss of $9.4m (2017: $0.6m) and an operating loss of $22.1m for 2018 (2017: $9.7m).

Financials & real estate
24-04-2019 07:32:36 • 1 minute(s) read
Author Sparks Team

Supermarket Income (SUPR); acquires a Tesco supermarket; issues consideration shares

Supermarket Income announced the acquisition of a 90k sq ft. Tesco Extra supermarket in Mansfield, Nottinghamshire.

Supermarket Income announced the acquisition of a 90k sq ft. Tesco Extra supermarket in Mansfield, Nottinghamshire, from Charities Property Fund (CPF) for £45.0m, reflecting a net initial yield of 5.2%. The acquisition consists of £33.7m in cash, as well as the issue of 10,922,330 Supermarket Income new ordinary shares at 103p per share to CPF.

Metals & mining
24-04-2019 07:13:54 • 2 minute(s) read
Author Sparks Team

Metals Exploration (MTL); Q1 2019: better performance for mining

Metals Exploration announced its quarterly update to 31 March 2019. Mining attained a better quarter, with a production of 2.93Mt and actual mine dilution rates continued to be higher than forecasted.

Metals Exploration announced its quarterly update to 31 March 2019. Mining attained a better quarter, with a production of 2.93Mt and actual mine dilution rates continued to be higher than forecasted.

Industrials
23-04-2019 09:50:00 • 1 minute(s) read
Author Milosz Papst

Mutares AG (MUX); made binding offer to acquire ArcelorMittal TrefilUnion SAS

This would be the third acquisition made by Mutares in 2019

Today Mutares announced that the company has made a binding offer to acquire ArcelorMittal TrefilUnion SAS from ArcelorMittal Group. ArcelorMittal TrefilUnion SAS is a producer of wires and steel ropes with two plants located in France.

Healthcare
23-04-2019 07:23:12 • 2 minute(s) read

Oxford BioDynamics (OBD); receives Queen’s Award for Enterprise

The platform is designed to accelerate drug discovery and development processes and to improve success rates of therapeutic candidates

Oxford BioDynamics has received the 2019 Queen’s Award for Enterprise in innovation for its proprietary technology platform, EpiSwitch. EpiSwitch is an innovative technology platform for the discovery, evaluation, validation and monitoring of a novel class of epigenetic biomarkers known as “chromosome conformation signatures.”

Financials & real estate
18-04-2019 16:00:00 • 2 minute(s) read
Author Milosz Papst

The Naga Group AG (N4G); launches restructuring of the group

Restructuring effects will be fully visible in FY20

Naga revealed today that it will restructure the group amid continued uncertainties in the capital markets and specifically the cryptocurrency space. The company highlights that no additional funding should be required to carry out the restructuring process.

Financials & real estate
18-04-2019 14:55:00 • 3 minute(s) read
Author Michal Mierzwiak

Consus Real Estate AG (CC1); releases FY18 results

The company confirms its guidance, with a target adjusted EBITDA at €450m in 2020

Consus released its final FY18 results yesterday, posting sales of €615m and adjusted EBITDA at €204m, which translated into an EBITDA margin of 33%. Net income amounted to €1m and the company achieved a positive cash flow from operating activities of €132m. Consus also increased its Gross Development Value (GDV) by €5bn to €9.6bn.

Financials & real estate
17-04-2019 09:00:19 • 1 minute(s) read
Author Sparks Team

Record (REC); trading update: assets under management equivalents total $57.3bn or £44.0bn

Between December 2018 and March 2019, Record’s assets under management equivalent (AUME) decreased 0.9% in terms of USD and 3.1% in sterling.

Between December 2018 and March 2019, assets under management equivalent (AUME) decreased 0.9% in terms of USD and 3.1% in sterling. Exchange rate movements and mandate volatility targeting had an impact of -$0.1bn on AUME, while movements in global stocks and other markets contributed +$3.0bn.

Showing 1 - 16 of 1526 pieces

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