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Sparks Team
18 July 2018 · 3 min read

Future (FUTR); proposes acquisition of Purch’s B2C business for $132.5m

Stock down 7.55% to 490.0p at 8:04

FUTR proposed the acquisition of the B2C business of Purch (Purch B2C) for total consideration of $132.5m (£100.1m) in cash. FUTR proposes to finance the acquisition through a rights issue to raise approximately £100.3m, net of expenses.

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Sparks Team
18 July 2018 · 1 min read

NetScientific (NSCI); Wanda enhances patient monitoring platform

NSCI has announced that its portfolio company, Wanda, has completed a significant enhancement of its Patient Monitoring Platform to improve patient adherence to care plans.

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Sparks Team
18 July 2018 · 3 min read

GVC Holdings (GVC);  Trading update: positive momentum continues in Q2 2018

Stock down 0.63% to 1,100.0p at 8:01

Group NGR increased 11% [12% on a constant currency (cc) basis] in 2Q 2018, driven by strong growth in online NGR (22%; cc 25%) and European Retail (19%; cc 16%). Overall, group NGR increased 8% (cc 8%) in 1H 2018.

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Sparks Team
18 July 2018 · 1 min read

Carr’s Group (CARR); Trading slightly ahead of expectations

Stock down 1.89% to 161.88p at 8:03

CARR issued a trading update for the 17-week period ending 30 June 2018 (preliminary results for FY ending 1 September 2018 expected on 12 November 2018). The company witnessed the trading activities slightly ahead of expectations and significantly ahead of the prior year, across agriculture and engineering divisions.

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Sparks Team
17 July 2018 · 1 min read

Palace Capital (PCA); Grants awards under LTIP

PCA granted awards to its executive directors and other members of the management team under the long term incentive plan (LTIP) and the deferred bonus plan (DBP).

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Sparks Team
17 July 2018 · 1 min read

Ocean Wilsons Holdings (OCN); process started to evaluate strategic alternatives on investments

Stock up 2.46% to 1,040.00p at 8:08

OCN’s principal operating subsidiary, Wilson Sons Limited (company), has announced that its Board of Directors approved the start of formal process involving its investments in container terminal and logistics assets.

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