Tissue Regenix PLC (LON:TRX) has splashed out US$30mln on Texas-based rival, Cellright Technologies,to catapult it to the front of the growing US market for regenerative medicine and bone grafts. Antony Odell, Tissue’s chief executive, said CellRight has a synergistic regenerative technology focused on bone that will complement its own dCELL soft tissue platform.
Vodafone Group plc (LON:VOD) was one of the biggest risers on the FTSE 100 today after a well-received first quarter trading update, which revealed a 2.2% increase in organic service revenue to €11.5bn.
Acacia Mining plc (LON:ACA) shares plunged more than 20% after a government ban on the exports of gold and copper concentrates in Tanzania hurt first half revenue. Revenue in the six months to 30 June came to US$391.7mln, a 22% drop compared to the same period a year ago, as the company sold less gold despite an increase in production. Underlying earnings (EBITDA) fell 13% to US$161.4mln.
Audi is to recall up to 850,000 of its vehicles to make improvements following a scandal over diesel emissions tests. The German car maker, owned by Volkswagen, will request owners of the vehicles to return them in order to update the software controlling emissions.
Organic growth is combining well with acquisitions said Learning Technologies Group PLC (LON:LTG), which is seeing record revenues following its takeover of Netdimensions in March. The e-learning group has an annual turnover target of £50mln and seems well on track to hit that soon as first half sales rose to 63% to £20.8mln with the traditionally stronger second half to come.
Rainbow Rare Earths Ltd (LON:RBW) has hosted an inauguration ceremony for the Gakara Project. Speeches were delivered by His Excellency Mr Pierre Nkurunziza, President of the Republic of Burundi, Burundi's Minister for Mines and Energy, Come Manirakiza, and Rainbow's chief executive, Martin Eales.
WideCells Group PLC’s (LON:WDC) stem cell insurance platform Cellplan has now gone live in the UK. The online facility initially will be for customers of tissue bank Biovault, but in the upcoming weeks WideCells intends to make CellPlan available to families that have stored stem cells in other facilities that meet the appropriate standards.
Gfinity Plc’s (LON:GFIN) recently-launched Elite Series is set to get worldwide exposure after the AIM-quoted firm signed a contract with Eleven Sports to broadcast the esports tournament across its various TV channels.
Specialist recruiter Empresaria Group plc (LON:EMR) has told investors it enjoyed a record first half of the year, buoyed by increased hiring activity in its home UK market. For the six months to 30 June, net fee income soared by 26% compared to the same period last year, which Empresaria said puts it on track to meet current full-year expectations.