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Sparks Team
18 October 2018 · 1 min read

ReNeuron group (RENE); announces further developments in the CTX stem cell platform

Successful implementation could be used to produce new conditionally immortalised allogeneic cell lines

ReNeuron will present new data relating to its CTX stem cell platform today at the European Society of Gene and Cell Therapies Annual Congress. The company has mentioned that the CTX stem cell line, which is currently being clinically evaluated for the treatment of stroke disability, can be reprogrammed to a pluripotent state.

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Sparks Team
18 October 2018 · 2 min read

HarbourVest Global Private Equity (HVPE); NAV/sh increased 6.8% in 1H18

Stock flat at 1,380.0p at 8:16

For the six months ending 31 July 2018, NAV per share increased 6.8% year-on-year in US dollar terms to $22.93. In sterling terms, the NAV per share increased 15.6% due to sterling’s weakness against the dollar.

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Sparks Team
18 October 2018 · 2 min read

GVC Holdings (GVC); trading update: total group net gaming revenue grows 14%

Stock up 0.54% to 934.50p at 8:12

GVC Holdings posted its third quarter trading update, reporting total group net gaming revenue (NGR) growth of 14%. For the same period, UK retail like-for-like NGR declined 2%, whereas European retail NGR grew 24%, recording strong growth in Italy.

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Sparks Team
18 October 2018 · 2 min read

Hutchison China MediTech (HCM); phase I study of HMPL-523 initiated

The study will be two-stage with dose escalation and dose expansion

Hutchison China MediTech (Chi-Med) has initiated a Phase I study of HMPL-523. It is the company’s novel spleen tyrosine kinase inhibitor, along with azacitidine, which is an approved nucleoside metabolic inhibitor in elderly patients with acute myeloid leukaemia in China.

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Paul Hickman
17 October 2018 · 2 min read

ASOS (ASC); to launch its Collusion collection

ASOS delivers impressive 26% growth in revenue

‘Collusion’ is ASOS’ recently launched collection, “targeting a Gen Z customer with this gender-fluid, affordable label”. The collection was designed in collaboration with six young influencers, each with their own online voice. This restless innovation is typical of ASOS which refuses to see scale as a barrier to change.

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Sparks Team
17 October 2018

WANdisco (WAND); launches LiveData for Multicloud

Wandisco hopes to leverage its strategic partnerships

WANdisco announced the launch of its WANdisco LiveData product for Multicloud. WANdisco LiveData is an enterprise replication software which enables a LiveData platform for a Multicloud environment. 

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Sparks Team
17 October 2018 · 2 min read

Solid State (SOLI); trading statement; strong revenue growth in the first half

Stock up 15.09% to 328p at 8:09

Solid announced the trading update for the six months ending 30 September 2018, whereby group revenues grew to £23.5m from £22.5m in 2017, with good trading in both the value added distribution and manufacturing divisions. The company expects the second half to be positive and above expectations for the full year.

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Sparks Team
17 October 2018 · 2 min read

Findel (FDL); trading statement: Q2 slower than Q1, FY expectations unchanged

Findel online ordering levels rose from 20% in September 2017 to more than 55%

Findel provided a trading update, noting that revenue of Express Gifts (Studio), the group’s largest business, grew 8% in the first 28 weeks of the year. Full year expectations on revenue, margin, profit and net debt remain unchanged.

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Sparks Team
17 October 2018 · 1 min read

PowerHouse Energy (PHE); DMG®’s successful independent technology assessment by DNV GL

Stock up 13.95% to 0.49p at 8:06

Powerhouse Energy announced that it has received an independent “Statement of Feasibility” for its proprietary DMG®, a full-scale commercial engineering design for the waste-to-power and waste-to-hydrogen technology processes, from DNV GL.

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Sparks Team
17 October 2018 · 2 min read

discoverIE Group (DSCV); acquires Cursor Controls for an initial consideration of £19m

Cursor Controls reports an operating profit of £2.1m

disciverIE announced the acquisition of Cursor Controls Group through the purchase of its holding company Castlegate 737 Ltd. The company will pay an initial cash consideration of £19m on a debt free, cash free basis. The acquisition is expected to be earnings accretive immediately.

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