Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
Numis’s analysts said: “We now expect significant further downgrades to FY18 EPS (c.20) with US$25mln of cost savings targeted and substantial downgrades to FY19 forecasts c.50% … on the slower ramp of Sublocade and anticipated higher costs"
The specialist education and behavioural health services provider said the preliminary proposal amounted to 220p per share for the company in cash or shares, a near 50% premium to its current share price
The US investment bank's analysts said: “The issue we see facing McCarthy & Stone is that after two years of increased Last Time Buyer inertia, we do not see how or why this paralysis will lift before the dust settles on the outcome of the UK's departure from the EU”
The FTSE 250-listed generic drugs maker’s CEO Siggi Olafsson, said: "Our efforts to reduce costs across the Group are on track and we continue to focus on enhancing and investing in our pipeline"
Dr David Horn Solomon was previously CEO of Zealand Pharma A/S, from 2008 to 2015, and has also been the CEO of Bionor Pharma ASA and Akari Therapeutics PLC
The group, the UK's first medicinal cannabis investment vehicle, said it has made the move because it is “aware of the exceptional and growing demand amongst investors to own shares in the Company”
Jackson was recently chief financial officer at Bibby Offshore Holdings Limited where he managed the strategic development and M&A activities and oversaw its recent recapitalisation
The retirement homes builder also said Paul Lester, chairman of the group, will be spending more time with the business helping the executive team to develop its new strategy