Investor Update: DeepMatter to collaborate with AstraZeneca

Headlines from the Proactive UK newsroom.

DeepMatter (LON:DMTR) has agreed a tie-up with AstraZeneca to combine their drug development technology platforms. Deepmatter uses AI to monitor and record chemical reactions during drug development.

Rare disease database group Open Orphan (LON:ORPH) is to merge with clinical outsourcer hVIVO (LON:HVO).  Shareholders in hVIVO will receive shares to the value of 15.56p, which makes it worth just under £13mln.

Angling Direct (LON:ANG) notched up a record performance over the Black Friday week with sales up more than 11% and profits almost 50% better as a maximum discount of 10% was applied to core products. Black Friday transactions rose 29%. 

Tullow Oil (LON:TLW) has parted company with chief executive Paul McDade and exploration director Angus McCoss after disappointing drilling and production results.  New executive chairman Dorothy Thompson’s first job has been to cut production guidance for the next four years. It’s also suspended the dividend. 

Directa Plus (LON:DCTA) has picked up its first offshore contract using its graphene-enhanced oil decontamination technology. The contract is for a project offshore Romania operated by Lukoil and Romgaz and worth US$1mln.

Tesco has confirmed it is considering a sale of its operations in Thailand and Malaysia. The supermarket has around 2,000 stores in Asia and their disposal would mark almost a complete retrenchment back to the UK.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Xpediator PLC's CFO Robert Ross and COO of Logistics Romania to step up as...

Xpediator PLC's (LON:XPD) CFO Robert Ross speaks to Proactive's Andrew Scott following the news chief executive Stephen Blyth will step down from the position. Blyth will continue as a director in the position of founder and non-executive deputy chairman. While the search for a permanent...

21 hours, 3 minutes ago

2 min read