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EXECUTIVE CHANGES: F&C Investment Trust hires CBI chief economist

Mon, 29th Mar 2021 15:13

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:

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F&C Investment Trust PLC - aims for long-term growth and income by investing in listed equities globally - Appoints Rain Newton-Smith as independent non-executive director, starting May 11. Newton-Smith will replace Roger Bone, who is retiring. She is chief economist at the Confederation of British Industry. Previous to the CBI, she was head of Emerging Markets at Oxford Economics. FTSE 250-listed F&C Investment Trust bills itself as the world's oldest collective investment scheme, having launched in 1868.

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Spirent Communications PLC - Crawley, England-based provider of testing, analytics and security for telecommunications networks - Appoints Maggie Buggie as non-executive director with effect on April 29. Buggie is currently chief business offer at SAP Services, which is part of Walldorf, Germany-based enterprise software developer SAP SE.

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Vesuvius PLC - London-based molten metal flow engineering - Hires Dinggui Gao as non-executive director, starting on Thursday. He currently is managing director of China for Formel D Group, a German service provider to the automotive and components supply industry.

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e-Therapeutics PLC - Oxford, England-based computer-based drug discovery - Hires Karl Keegan as chief financial officer, effective immediately. Keegan was most recently chief executive officer of privately held Hox Therapeutics Ltd.

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Okyo Pharma Ltd - London-based biotechnology company focused on treatments of inflammatory dry eye diseases and ocular pain - Hires Rajkumar Patil as chief scientific officer. Says Patil has 30 years of ophthalmic and pharmaceutical research and development experience, including with Ora Inc and iVeena Delivery Systems. He also worked at the Alcon/Novartis Institute of Biomedical Research.

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Serinus Energy PLC - oil and gas exploration and production in Tunisia and Romania - Dawid Jakubowicz resigns immediately from board, while Eleanor Barke won't stand for re-election to the board at the May 13 annual general meeting. In their place, Serinus hires Natalie Fortescue and Jon Kempster. Fortescue was an investment banker at Investec and Oriel Securities. She joined Genel Energy PLC to establish the investor relations department and also worked with Premier Oil PLC on its reverse takeover by Chrysaor Energy Ltd. Kempster has held CFO positions at companies including London listings Frasers Group PLC and Wincanton PLC, and he currently is interim CFO of FireAngel Safety Technology Group PLC. Kempster also currently is a non-executive director of Bonhill Group PLC, Redcentric PLC and Ted Baker PLC.

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Fragrant Prosperity Holdings Ltd - seeking acquisition in cannabis therapeutics - Hires Daniel Reshef as non-executive director starting on Wednesday. Reshef has had a 25-year career in drug development, including with Hoffman La Roche, Genentech and Bristol Myers Squibb Co.

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French Connection Group PLC - London-based fashion retailer - Hires Neil Page as independent non-executive director. Page was CFO of retailer Carpetright PLC. French Connection entered a formal sales process at the beginning of month after receiving two separate takeover approaches.

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Braveheart Investment Group PLC - makes strategic investments in companies it thinks will outperform - Jonathan Freeman steps down as non-executive director "to devote more time to his other business interests". Starts process for finding a new non-executive director.

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Arix Bioscience PLC - venture capital investor in biotech companies - Pauses hire of James Noble and Axel Wieandt as non-executive directors, citing recently announced strategic review, which encompasses board composition.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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10 Feb 2023 15:34

IN BRIEF: Bonhill agrees disposal of businesses for GBP6.5 million

Bonhill Group PLC - London-based media company, specialising in business information, events and data analytics - Agrees the disposal of its UK and Asia businesses with MA Financial Media for GBP6.5 million in cash, while due diligence by a US media buyer on InvestmentNews continues.

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10 Feb 2023 14:18

Bonhill to sell UK, Asia businesses to MA Financial Media for £6.5m

(Sharecast News) - Bonhill said on Friday that it has agreed to sell its UK and Asia businesses to MA Financial Media, a member of the Mark Allen Group, for £6.5m in cash.

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6 Feb 2023 14:37

TRADING UPDATES: Vast Resources receives parcel release court order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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6 Feb 2023 09:13

Bonhill gets $6.6m offer for InvestmentNews

(Sharecast News) - Bonhill said on Monday that it has received a non-binding $6.5m (£5.4m) cash offer for InvestmentNews from an unnamed US media buyer.

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9 Dec 2022 12:19

LONDON MARKET MIDDAY: Equities unmoved by UK finance reforms

(Alliance News) - Stock in London were somewhat adrift on Friday at midday, as investors waited on a US producer inflation print, and digested reforms to the UK's financial sector.

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9 Dec 2022 11:05

Bonhill receives offer for UK, Asia businesses

(Sharecast News) - Having recently put itself up for sale, B2B media business Bonhill said on Friday that it has received a conditional offer of £6.6m in cash from a privately-owned UK media company for its UK and Asia businesses.

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9 Dec 2022 11:04

Bonhill shares jump as receives offer for UK and Asia businesses sale

(Alliance News) - Shares in Bonhill Group PLC surged on Friday as it touted stronger forward bookings for 2023 and announced it had received an offer for its UK and Asia businesses.

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9 Dec 2022 10:58

AIM WINNERS & LOSERS: Bonhill jumps on offer for UK, Asia businesses

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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2 Nov 2022 13:54

IN BRIEF: Bonhill shares slide on lowered full-year guidance

Bonhill Group PLC - London-based media company, specialising in business information, events and data analytics - Says trading conditions have softened since its update in early October, especially in regard to the marketing spend for Cop 27 in November. Adds, however, it is pleased with progress in the US at its InvestmentNews subsidiary where there has been a stabilisation in forward booking and trading.

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2 Nov 2022 10:45

AIM WINNERS & LOSERS: Hurricane hangs 'for sale' sign; Bonhill slides

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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2 Nov 2022 07:55

Bonhill downgrades FY profit, revenue guidance

(Sharecast News) - Bonhill downgraded its full-year profit and revenue expectations on Wednesday as it pointed to pollical and economic uncertainty.

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10 Oct 2022 10:07

Bonhill shares drop as issues profit warning, puts itself up for sale

(Alliance News) - Bonhill Group PLC on Monday put itself up for sale as it grapples with "market turbulence" and weaker-than-expected digital revenue.

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10 Oct 2022 07:50

LONDON BRIEFING: DS Smith lifts guidance; Unite sales beat forecasts

(Alliance News) - The prospect of continued interest rate hikes cast a dark cloud over markets again at the start of the new week, following Friday's stronger-than-expected US jobs report.

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8 Sep 2022 13:50

IN BRIEF: Bonhill achieves narrowed interim loss, rise in revenue

Bonhill Group PLC - London-based media company specialising in business information, events and data analytics - Posts a narrowed pretax loss of GBP1.8 million for the six months to June 30, from GBP2.1 million a year earlier, as revenue climbs 10% to GBP6.1 million from GBP5.5 million due to "22 live events compared to none last year". Operating costs amount to GBP5.1 million, down 3.8% from GBP5.4 million. Adjusted loss before interest, tax, depreciation and amortisation reduced to GBP542,000 from GBP895,000 a year earlier.

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26 Aug 2022 09:44

Bonhill sells Business Solutions & Governance arm for GBP723,000

(Alliance News) - Bonhill Group PLC on Friday said it has sold its Business Solutions & Governance division for GBP723,000 in cash to Stubben Edge Group Ltd.

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