Headlines from the Proactive UK newsroom.
CentralNic Group (LON:CNIC) has confirmed advanced discussions are underway to acquire website provider Team Internet. The AIM-listed domain name specialist said further announcements will be made in due course.
Life sciences group Instem (LON:INS) has acquired US-based peer Leadscope for US$4.6mln. Leadscope generated US$1.9mln in sales and US$400,000 in underlying earnings in the year to July.
Europa Metals (LON:EUZ) have begun mobilisation activities for another diamond drilling campaign at its Toral project in Spain – they’ve also initiated a round of geotechnical and hydrogeological work programmes.
The Labour Party has promised to nationalise BT Group PLC's Openreach subsidiary if it wins the general election next month. It would create a free state-owned network called British Broadband that would be available and free to all households by 2030 they claim.
However It is not clear how fellow telecom provider TalkTalk will react, considering its fibre-focused strategy. The telco reported 300,000 new subscriptions in its interim results, reaching a total of 2mln fibre broadband customers.
Iconic car manual group Haynes Publishing (LON:HYNS) has started a formal process to sell itself. Now worth £61mln, the firm wants to be part of a larger group to fund further expansion.