Economic and Market News for 30 January 2020
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30 Jan
09:59Benchmark raises £36.4m through discounted-equity placing; eyes further £6.6m fundraiseBenchmark said it had conditionally raised £36.4m though a discounted-equity placing and also said it intended to raise up to a further £6.6m through an open offer. Benchmark will issue up to...
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30 Jan
09:41Abcam acquires Applied StemCell's gene editing platform, oncology product portfolioAbcam said it had purchased Applied StemCell's gene-editing platform and oncology product portfolio in an effort to consolidate its position in the gene-editing market. Financial terms of the deal...
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30 Jan
09:34PPHE reveals plans for new hotel development in ZagrebPPHE Hotel Group, the hospitality real estate group, has said it plans to develop a new 115-room city centre hotel in Zagreb, Croatia, through its subsidiary Arena Hospitality Group. Arena has...
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30 Jan
09:29Saint-Gobain set to complete $1.4bn acquisition of Continental Building ProductsSaint-Gobain today said it expected to complete its $1.4bn acquisition of Continental Building Products on February 3, after the company met regulatory requirements. Upon completion of the...
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30 Jan
09:26Virgin Money CFO Ian Smith resignsVirgin Money UK has announced the resignation of group chief financial officer and executive officer Ian Smith, who is set to take up an external overseas opportunity. The board of Virgin Money...
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30 Jan
09:17Prudential names Shriti Vadera as new chair from 2021Prudential has appointed Shriti Vadera to succeed Paul Manduca as chair of the board and of its nomination and governance committee on 1 January 2021. Vadera will join the board as a non-executive...
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30 Jan
08:44Derwent London acquires building in Brixton for £38.1mDerwent London said it had exchanged contracts to acquire the freehold interest in Blue Star House, a building in Brixton, London, for £38.1m before costs. The rent on acquisition was £0.8m,...
