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.