GlaxoSmithKline (LON:GSK) has entered into an agreement to acquire Nanjing MeiRui Pharma for approximately US$70 million in cash.
MeiRui is a Chinese pharmaceutical business with a portfolio of urology and allergy products, including Prostat for benign prostatic hyperplasia and Sheniting for overactive bladder syndrome.
G4S (LON:GFS) has acquired Guernsey Air Conditioning Limited, one of the largest building services contractors in the Channel Islands.
British Gas parent company Centrica (LON:CNA) said that British Gas has acquired ECL Contracts Ltd, a specialist external-wall insulation company, for £4 million in cash.
Admiral Group (LON:ADM) said that it is in exclusive discussions with Itzehoer Versicherung in respect of the sale of AdmiralDirekt, the group's car insurance operation in Germany. AdmiralDirekt continues its operations as normal.
Xstrata (LON:XTA) has green lighted a US$1.36 billion development project to build a new coal mine in Australia. The Ravensworth North open cut mine, will be developed within the existing Cumnock Coal and Ravensworth complex in the Upper Hunter Valley of New South Wales.
Wood Group PLC (LON:WG) said its Wood Group – CCC joint venture has been awarded a US$800 million contract from Petroleum Development Oman (PDO) to provide engineering and maintenance services for seven years, with a three year extension option.
Xcite Energy’s (LON:XEL, TSX-V:XEL) crucial flow test on the Bentley field has been delayed due to poor weather conditions in the North Sea. A flow test on the 9/3b-6z well was scheduled to start in the first week of December.
Ariana Resources (LON:AAU) said its joint venture partner Proccea has taken its first steps to earning into the Red Rabbit project in Turkey by injecting cash into the joint venture vehicle Zenit. Zenit’s registered capital moves to US$5.59 million, taking Proccea’s stake to 11 per cent.
Dublin- and London-listed Ovoca Gold PLC (LON:OVG, ISE:OVX) said the Russian state regulator has extended the Rassoshinskaya exploration licence for two years to February 15 2013, and it reported it has a strong cash position.
Patagonia Gold (LON:PGD) this morning revealed that a fourth drill rig is expected on site in the first quarter of next year as its exploration programme in the Santa Cruz province of Argentina continues to deliver impressive results.
ZincOx (LON:ZOX) Korean Recycling Project (KRP) is beginning to gain momentum as the company has now secured a 50 year lease for the project.
Allocate Software (LON:ALL) has appointed Richard King as a non-executive director to support its ambitious expansion campaign.
Westminster Group (LON:WSG) confirmed H Jamal as holding 4 million shares in the company, which translates into a 16.49% stake. The investment of £1 million by Jamal to acquire the 16.49% stake was announced in late October, when he was referred to as a 'high net worth investor'.
San Leon Energy (LON:SLE) has raised £59.6 million to fund an extensive seismic and drilling programme in Morocco and Poland. It will issue 331.3 million new shares - around 43 percent of the enlarged group - at 18 pence each.
Imperial Innovations (LON:IVO) has secured a major fundraising to invest in new technology companies. It has raised £140 million with a two-for-three rights issue.
Altus Resource Capital (LON:ARCL) has taken a 3.45 percent stake in Minera IRL (LON:MIRL, TSX:IRL, BVL:MIRL).
Sunrise Resources’ (LON:SRES) newly acquired projects are generating news flow and attracting a broader investor interest, according to chairman Patrick Cheetam.
Triple Plate Junction (LON:TPJ) shares shot up over 22 percent in early deals, after its only self-operated gold project was re-issued exploration rights. It can now resume work on the Pu Sam Cap gold-copper project in Vietnam.