News

Medical diagnostic firm Mediwatch said it noted the recent increase in its share price and confirmed it had received an approach.

The group said it is in discussions that may or may not lead to an offer being made for the company.

Drug developer Amarin said its shareholders had approved a one for 10 reverse split of its ordinary shares.

"We are very pleased to report that over 95% of the votes cast by our shareholders
approved the one-for-ten reverse stock split," chairman and chief executive Thomas Lynch said.

"We have made good progress in recent months expanding our management team and broadening our pipeline and look forward to executing on our strategy which we believe will drive shareholder value in 2008."

Kazakh real estate developer Chagala Group has appointed Peter Lourenco as chief executive officer of Chagala Zere Malls, its joint venture with Kazakh developer Zere.

Chagala holds a 50.1% stake in the joint venture, which was established to develop shopping malls across Kazakhstan.

Web hosting firm Group NBT said the good start at the time of the AGM has continued throughout the first half of the year and it expects to report continuing strong growth.

i-design said it expects to see a significant increase in advertising sales revenue this year, driven by its third party advertising agreements with RBS, Alliance & Leicester and Nationwide.

"We continue to see good growth opportunities, both in the UK and overseas, and view prospects for the current year and beyond very positively," said chairman James Faulds.

Advanced fuel cell solutions group IdaTech said trading for 2007 was in line with expectations, adding that it is confident in achieving its objectives for 2008.