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Small cap movers: Arcadia s high street empire turns to AIM rescuers to survive

Small cap movers: Arcadia s high street empire turns to AIM rescuers to survive
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

SMALL CAP MOVERS: Arcadia s empire turns to AIM rescuers to survive

Arcadia’s high street empire looks likely to end up in the hands of two of the AIM’s runaway retail success stories. Boohoo has confirmed it is in exclusive discussions with administrators Deloitte to buy the Dorothy Perkins, Wallis and Burton brands, days after it emerged that rival ASOS was the frontrunner to rescue Topshop, Topman, Miss Selfridge and HIIT. Boohoo is willing to pay around £25million slice of the failed Philip Green empire, while Asos may hand over £250million, although it’s fighting a bidding war against fellow e-commerce giant Shein and potentially JD Sports after Next pulled out.

PipeHawk PLC swoops for UK rival

PipeHawk PLC swoops for UK rival
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

Genedrive inks distribution agreement with Beckman Coulter Life Sciences for Covid-19 test kit | 28 January 2021

28 January 2021 | 09:09am StockMarketWire.com - Molecular diagnostics company Genedrive said it had entered into a distribution agreement with Beckman Coulter Life Sciences for its Genedrive 96 SARS-CoV-2 Kit. Under the agreement, Beckman Coulter would be allowed to sell and distribute genedrive s high-throughput COVID-19 kit in the United States and Europe for use on upper respiratory viral samples. The agreement followed collaboration agreement announced in August 2020, under which the companies worked to develop and validate a fully automated PCR process for Beckman Coulter s Biomek automated workstation in conjunction with its RNAdvance Viral XP extraction kit, the company said. Beckman Coulter estimates that this new turnkey solution could process circa 1,000 PCR samples per Biomek workstation installed during a standard 8-hour working day, using just a 0.5 full-time-equivalent in technician time for processing it added.

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