Ian is the editor and a director of Proactive Investors. He oversees all editorial output and is also heavily involved with business development. He moved to Proactive from the Daily Mail, where he was City News Editor and Investment Editor and brings with him a wealth of experience in business and finance. At the Mail he directed the coverage of some of the biggest stories ever to emerge from the City as the credit crunch and banking crisis felled some of the nation's best known financial institutions. In his 20 years as a business reporter and editor Ian has worked for Dow Jones, writing stories for the international news wire and the Wall Street Journal. He also led the London company coverage for AFX News, now part of Reuters.
Institutions and other investors, including chief executive Youval Rasin, are acquiring stock at 1.325p a share, a modest premium to last night’s closing price.
The company is tapping into two major opportunities that could be transformational, while its technology has some heavyweight legal backing.
Chief executive Eitan Boyd said the company was positioned to deliver “exceptional results” for the full-year as he described the outlook as “very exciting”.
It netted US$5.15 per carat, a new high for lower quality stones, as it raked in a total of US$14.3mln from the sale.
Redx’s latest discovery, which has taken just 20 months to get to this stage, is being developed to help patients with chronic lymphocytic leukaemia.
The study will assess efficacy, safety and tolerability in people with the non-small cell variant of the disease where at least one form of chemotherapy has failed.
The deal puts Tulu Kapi’s worth at US$100mln, compared with an estimated net present value of double that figure.
It has a 1% net smelter return on production from Berkeley Energia’s Spanish and Portuguese assets, which it bought for US$3mln (A$4.1mln) in 2009.
On a week in which retailers came to the market, largely warned on trading and profitability and definitely failed to conquer, Barclays provided an antidote to the gloom with an upgrade to shares in Britain's largest grocer.
A company owned by one of Russia's richest men become a significant shareholder in Petropavlovsk.
Associated British Food, Soco, Rotork, Premier Oil, Kaz Minerals and BHP Billiton were in Friday's broker spotlight
On a busy Thursday, Merlin, Rotork, Hunting and Pets at Home all feature in our comprehensive round-up of the brokers.