Headlines from the Proactive UK newsroom.
Amryt Pharma (LON:AMYT) has received fast track designation from the US FDA for its treatment for skin disease EB. The FDA recognised that EB is a serious disease and that there are no FDA-approved treatments for this condition.
Shanta Gold (LON:SHG) has intersected high grades over sizeable widths from its latest surface exploration drilling at the New Luika mine in Tanzania. Shanta said these results coupled with the next round of drilling should be sufficient to declare new resources at two new targets in future
Anglo Asian Mining (LON:AAZ) has entertained a delegation from the British Embassy in Azerbaijan at its Gedabek gold, copper and silver mine. Anglo Asian’s the largest mining investor in Azerbaijan and the second largest British investor after BP.
Argos chief executive John Rogers is to leave the Sainsbury’s subsidiary to become chief financial officer of ad group WPP. Rogers’ last day will be 31 October.
Bakery chain Greggs has racked up another quarter of impressive sales. Revenues rose by 12% in the three months to September and by 7.4% on a like-for-like basis. Greens also opened its 2,000th outlet during the period.
JD Sports’ acquisition of Footasylum is to face a full competition authority inquiry. JD firmly believes there will no impact on competition so offered no remedies to avoid a full reference, hence the CMA today confirmed there will be a phase 2 investigation.