Market News - Page 745

AstraZeneca has submitted a supplemental new drug application (sNDA) to Japan's Pharmaceuticals and Medical Devices Agency (PMDA) for the use of Forxiga (dapagliflozin), a selective sodium-glucose co-transporter 2 (SGLT2) inhibitor, as an oral adjunct treatment to insulin in adults with type-1 diabetes (T1D)….

The US Food and Drug Administration (FDA) has approved Lokelma (sodium zirconium cyclosilicate), formerly ZS-9, for the treatment of adults with hyperkalaemia,1 a serious condition characterised by elevated potassium levels in the blood associated with cardiovascular, renal and metabolic diseases.2…

Further to the announcements released by Melrose and GKN plc (“GKN”) on 19 April 2018, Melrose announces that the listing of GKN's ordinary shares of 10 pence each (“GKN Shares”) on the Official List of the UK Listing Authority was cancelled with effect from 8:00 a.m. (London time) today, 21 May 2018. The GKN Shares ceased to be admitted to trading on the London Stock Exchange's Main Market for listed securities with effect from the same time….

NewRiver notes press comment regarding the potential acquisition of Hawthorn Leisure Holdings Limited (“Hawthorn”). NewRiver confirms that it has entered a period of exclusivity with Hawthorn and its major shareholder regarding a potential acquisition of the business. A transaction, if completed, would be funded from NewRiver's existing resources. There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable….

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, confirms that the Group has entered into a development arrangement with M&G Real Estate ('M&G') and Lochailort to deliver a 315 apartment build to rent scheme in Reading. …

On 30 April 2018, J Sainsbury PLC (Sainsbury's) and ASDA Group Limited (ASDA
and, together with Sainsbury's, the Parties) announced that they have entered
into an agreement to combine their operations (the Proposed Merger).
…

Encouraging launches and the performance of newer medicines underpin reiterated guidance…

Lloyds Banking Group plc (the 'Group') announces today that it has agreed the sale of its Irish residential mortgage portfolio to Barclays Bank plc, for a cash consideration of around £4 billion at current exchange rates….