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Form 8.3

Thursday April 18 th 2019

FORM 8.3




Rule 8.3 of the Takeover Code (the “Code”)







If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.


(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)


Class of relevant security:


25p ordinary




Short positions






(1) Relevant securities owned and/or controlled:





(2) Cash-settled derivatives:






(3) Stock-settled derivatives (including options) and agreements to purchase/sell:











*Please note that The Vanguard Group, Inc. does not have investment discretion over 840,550 of these shares.




All interests and all short positions should be disclosed.


Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).


(b) Rights to subscribe for new securities (including directors’ and other employee options)






Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.


The currency of all prices and other monetary amounts should be stated.


(a) Purchases and sales



 (b) Cash-settled derivative transactions



(c) Stock-settled derivative transactions (including options)


(i) Writing, selling, purchasing or varying



(ii) Exercise



(d) Other dealings (including subscribing for new securities)






(a) Indemnity and other dealing arrangements



(b) Agreements, arrangements or understandings relating to options or derivatives



(c) Attachments





Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at


U.S. Retail Sales Show Much Bigger Than Expected Rebound In March

(RTTNews) – Retail sales in the U.S. spiked by much more than expected in the month of March, the Commerce Department revealed in a report released on Thursday.

The Commerce Department said retail sales soared by 1.6 percent in March after dipping by 0.2 percent in February. Economists had expected retail sales to climb by 0.9 percent.

The stronger than expected retail sales growth was partly due to a jump in sales by motor vehicle and parts dealers, which skyrocketed by 3.1 percent in March after edging down by 0.1 percent in February.

Excluding sales by motor vehicle and parts dealers, however, retail sales still surged up by 1.2 percent in March following a revised 0.2 percent dip in February.

Ex-auto sales had been expected to increase by 0.7 percent compared to the 0.4 percent drop originally reported for the previous month.

Higher gasoline prices contributed to another spike in sales by gas stations, which soared by 3.5 percent for the second consecutive month.

Nonetheless, the report said closely watched core retail sales, which exclude autos, gasoline, building materials and food services, jumped by 1.0 percent in March after falling by 0.3 percent in February.

Notable increases in sales by clothing and accessories stores, furniture and home furnishings stores, and miscellaneous store retailers contributed to the rebound in core sales.

“Overall, the retail sales figures add to the slightly more positive tone of the recent data and provide some comfort that the economy isn’t falling off a cliff,” said Andrew Hunter, Senior U.S. Economist at Capital Economics.

He added, “But they don’t change our view that the fading of the fiscal boost and the lagged impact of the Fed’s monetary tightening will push GDP growth below its 2% potential pace over the coming quarters.”

How to defuse an office conflict, in 60 seconds or less


  • The average US employee spends nearly three hours a week involved in conflict, according to Pollack Peacebuilding Systems, a conflict resolution consulting firm. That’s $359 billion in paid hours lost.
  • To quickly de-escalate a sudden conflict, founder Jeremy Pollack recommends the LEAF strategy. That stands for listen, empathize, apologize, and fix.
  • Here’s how you can resolve a sudden conflict in 60 seconds or less using the LEAF strategy, although it may not work for deeper, longstanding conflicts.
  • Visit for more stories.

For many people in the working world today, the hardest part of their jobs may not be the professional tasks at hand, but rather getting along with their coworkers and bosses. Office politics, high stress levels, and clashing personalities create a perfect storm for interpersonal conflict in the workplace.

Such conflict can damage office morale and hinder productivity. In fact, employees at US companies spend about 2.8 hours a week involved in conflict, according to Pollack Peacebuilding Systems, a conflict resolution consulting firm in San Francisco. That translates to $359 billion in paid hours that aren’t going toward actual work. 

But it doesn’t have to be that way. Jeremy Pollack, founder of Pollack Peacebuilding Systems, recommends applying the “LEAF” process for conflict resolution. The acronym stands for listen, empathize, apologize, and fix.

“If you follow these quick and simple steps, you should be able to de-escalate the situation and resolve the matter fairly quickly,” he told Business Insider. “Memorize LEAF, and practice it, and you’ll be able to implement the process in less than 60 seconds.”

Related: How to make your coworkers like you, in 60 seconds or less

He notes that this approach is for sudden, acute conflicts, which usually result from a misinterpretation, misperception, or miscommunication.  

“If there are deeper, longer-standing conflicts, such as clashes in personality or communication styles, they will likely take more than a few minutes to resolve,” he said.

This is how to use the approach. 

Listen deeply to the other person

This may be difficult for some, but the first step in conflict resolution is to simply stop talking and listen to the other person.

“Let the individual say whatever he or she needs to say to you, and do your best not to defend, avoid, ignore, or discount their perspective,” Pollack said.

And don’t just listen so that you can formulate a snappy comeback. Try to really hear what the other person is saying, and let them talk until they’re finished.

Empathize with how the person is feeling and why they’re upset

The next step is to put yourself in the other person’s shoes. Empathize, and try to understand where they are coming from and why they feels a certain way. 

“If your goal is conflict resolution or de-escalation, as opposed to defending your position or insisting why you were right, then you’ll need to learn to empathize,” Pollack said. “This requires some capacity to rise above your own position, your own ego, for just a moment and be there for that person.”

Aim to create a safe space for people where they feel free to express themselves and their concerns. Strive to tap into what they’re feeling. 

“This does not mean you agree with them but rather that you hear them and understand them as best you can,” he said.

Apologize for what you’ve done that might have caused a problem 

Then, apologize for what you may have done that was apparently perceived in a hurtful way. Own your role, Pollack said. 

“Again, you do not have to agree with them; you do not have to accept that you were wrong and they were right. You simply have to acknowledge that they are in pain and that you did something, perhaps inadvertently, that they perceived as hurtful.”

Don’t apologize for how the other person feels. Saying, “I’m sorry you feel that way,” can be condescending and avoids accountability for your actions. 

Fix the problem by taking action 

Finally, let the other person know how you’re going to remedy what you did, and assure them it won’t happen again — if that’s something you’re willing and able to do.

If you’re not sure how to fix the problem or what exactly there is to fix, then ask, Pollack said.

“If, on the other hand, you are clear on what needs to be fixed, let him or her know [what you intend to do] right away, and ask if that suffices.”

Now put the whole LEAF approach in action

To understand the LEAF approach in action, consider this scenario. Bob and Mary are coworkers, and Mary is upset because Bob told a joke she found offensive. 

If Bob wanted to fix this situation, he’d approach Mary, ask her what’s wrong, and listen to her answer. Then, instead of defending himself, he’d strive to empathize and understand how she felt about the joke. Next, he’d apologize for telling the joke and making her feel the way she did. Finally, Bob would offer to fix the problem, which might sound something like this, Pollack said.

“Wow, Mary, I’m sorry I came off that way. I certainly didn’t intend for that, but, yes, I can totally see why you’d feel that way after what I said. I will not make that comment again, and I will create a new policy in our employee handbook to make sure that does not happen again. Is that sufficient or is there anything else you think I should do?”

Hopefully, if both sides truly want to resolve the problem, this approach will squash the conflict and help prevent future ones.

Boursorama renews its agreement with IBM to accelerate its hybrid cloud strategy

PARIS, April 18, 2019 /PRNewswire/ – IBM (NYSE: IBM) and Boursorama, a subsidiary of Société Générale group, today renewed their agreement by signing a hybrid cloud contract for five years to help enrich the bank’s offerings of new products and services.

Boursorama is a pioneer and leader in online brokerage, Internet financial information and, since 2005, online banking. Designated the least expensive bank in France for eleven years, Boursorama pushes the borders to simplify the lives of its customers at the best price and with the best quality of service, according to Boursorama reports. Thus, in 2018, Boursorama reports attracting a new customer every 50 seconds and now has more than 1.7 million customers.

Today, Boursorama extends its original 2014 infrastructure agreement with IBM to reinforce growth and a high level of availability and security supporting its operations and compliance with regulatory requirements, especially from the European Central Bank. As part of the agreement announced today, Boursorama will be able to use new IBM Cloud services for its banking business.

Boursorama has chosen IBM Cloud for:

  • Its resilience, allowing it to continue to provide the best service to its ever-increasing number of customers – since 2016, the number has doubled to reach 1.7 million – day or night, every day of the week
  • The use of a cloud infrastructure which positions Boursorama to constantly enrich its offer with new products and services, including: everyday banking, loans (real estate, consumer, Lombard, renewable), precautionary savings, life insurance and the stock market. Today, Boursorama Banque offers a catalog of 827 free features to help simplify the lives of its customers on a daily basis
  • Its Hybrid Cloud catalog including SaaS and PaaS, allowing them to dynamically respond to business innovations at the service of customers
  • Enhanced Cybersecurity services on Web servers to help prevent denial of service attacks, complemented by the expertise of the IBM X-Force Incident Response and Intelligence Services (IRIS) team who can assist the customer to deal with a cybersecurity incident by helping them prepare and implement a remediation plan.

“IBM’s secure hybrid cloud offering, as well as the security services around Web platforms, are designed to be real innovation assets for our customers in the context of their digital transformation, especially in the banking world subject to the ECB’s regulatory requirements,” says Béatrice Kosowski, General Manager, Global Technology Services, IBM France. “We are very proud to continue to support Boursorama in its growth and conquest of new markets.”

“The hosting of a large part of our IS on IBM Cloud solutions allows us to continue our development on proven technological infrastructures capable of responding to the strong growth of Boursorama,” declares Benoit Grisoni, CEO of Boursorama. “By also using public cloud solutions, we will simultaneously seek to optimize our costs and offer more and more innovative services to our customers.”

IBM and Boursorama signed this transaction in Q1, 2019.

About IBM Cloud
With $19.5B in annual cloud revenue, IBM is the global leader in enterprise cloud with a platform designed to meet the evolving needs of business and society. Moving past productivity and cost improvements, the IBM Cloud is tuned for the AI and data demands that are driving true differentiation in today’s enterprise. IBM’s private, public and hybrid offerings provide the global scale businesses need to support innovation across industries.

For more information about IBM Cloud:

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world’s broadest security research, development and delivery organizations, monitors 70 billion security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog. 

About Boursorama
Boursorama, a subsidiary of Société Générale, is a pioneer and leader in its three main activities: online banking, online brokerage and Internet financial information. For 20 years, Boursorama’s promise has remained the same: to simplify the lives of its customers at the best price and with the highest quality of service.

With a development focused on new customer expectations, simplicity and efficiency, but also safety and reduced costs, Boursorama consolidates its position as a major banking player in France every year.

The least expensive bank in France for ten years, has doubled its number of customers since the beginning of 2016 and now has more than 1.7 million, while maintaining its high recommendation rate (90%). Accessible to all without any income or wealth conditions, Boursorama interests an increasingly large population, from the Kador offer for 12-18 year olds to Boursorama Pro for individual entrepreneurs. A wide range of products and services meet the banking needs of customers: day-to-day banking, credit (real estate, consumer credit, Lombard, renewable), precautionary savings, life insurance and stock market, insurance. Today, Boursorama Banque offers a catalogue of 827 functionalities to simplify the daily lives of its clients, relying in particular on new technologies. To discover all the Boursorama Banque offer, click here.

Boursorama is also an online portal, Launched 20 years ago, it is ranked as the number one national online financial and economic information site with more than 25 million visits each month (Source ACPM 2018).

A socially committed and environmentally responsible employer, Boursorama has 800 employees based in Boulogne-Billancourt (92) and Nancy (54).

Find Boursorama’s news on the website:

Boursorama LinkedIn Page

Press contacts:

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Medicinal Genomics announces Cannabis Pan-Genome project, a major advance in genetics for cannabis breeding

Pacific Biosciences Sequel II System genetic analysis platform to catalog structural variants—the genetic hotspots—governing cannabis chemotype

BEVERLY, Mass., April 18, 2019 /PRNewswire/ — Medicinal Genomics Corp. (MGC), a pioneer in using genomics to improve the quality, quantity and safety of cannabis, announced the initiation of a cannabis pan-genome project, a comparative genetic analysis of several different cannabis cultivars to identify genomic structural variations.

Building upon a recently updated reference genome of the Jamaican Lion cultivar, MGC has identified the genetic variations that cause a plant to produce the important cannabinoids of THC, CBD, or a mixture of the two, referred to as chemotypes (I-IV). This information provides a “cookbook” of genetic recipes for different types and cultivars, and is a key to breeding for cannabis yield, potency and a host of other traits.

“The pan-genome focuses on whole genome sequencing and de novo assembly using the Sequel II System by Pacific Biosciences (PacBio) to catalog structural variation inheritance patterns in closely and distantly related cultivars. This family of genomes will form the foundation for cannabis breeding programs across the industry,” said Medicinal Genomics Chief Scientific Officer, Kevin McKernan. “The economic value of the genetics that govern cannabinoid expression, seed development, and fiber yield is one of the most promising opportunities of the decade. And now, every breeder and grower can use this tool, retaining complete ownership of the results for their own cultivars.”

The project was seeded with a cryptocurrency grant from the Dash DAO in June of 2018. Since then, over 200 Gb of PacBio sequencing has been performed on Jamaican Lion to assemble the genome and build transcriptome and methylation maps across multiple tissue types.

A new standard for cannabis genetics
The completeness of a genome assembly is calibrated in a number known as “N50.”  Assemblies with low N50 numbers are like photographs missing thousands of pixels. Leave out enough pixels and the image is incomprehensible. The longer the N50 number, the more information the assembly contains. The latest MGC cannabis assembly has an N50 of 7.6 megabases with a completeness of approximately 97%, establishing a new industry record. This updated reference is the foundational piece to the Pan Cannabis Genome and is accessible to all MGC partners.

Using MGC’s assembly of the female Jamaican Lion cultivar as a baseline, genomic DNA from a sibling male plant and multiple offspring were isolated and are being sequenced with the Sequel II System long-read platform to identify structural variations and other types of important genetic variations. This “family” sequencing strategy yields a recombination map and is the basis for creating a pan-genome of cannabis.

“The annotation of structural variations in cannabis will be critical to understanding the genetics of yield, seed production, and other desirable traits,” said Timothy Harkins, MGC Senior Advisor. “We continue to build new genetic tools for the entire community by using the Jamaican Lion assembly combined with the methylation and transcriptome maps and now the recombination hotspots. This combination of data and technologies are accelerating our insights, which breeders and growers can now take advantage of. None of it would be possible, however, without the extraordinarily long sequencing read lengths generated by the PacBio platform. This genetic tool wasn’t available until they came along, and that has made all the difference.”

The program’s progress will be presented at a webinar in June, hosted by PacBio, and at the SMRT Leiden meeting in Leiden, Netherlands this May.

About Medicinal Genomics Corporation 
Medicinal Genomics Corporation is a pioneer in advancing the genomics of cannabis to build a stronger scientific foundation for cannabis-based products. The company’s unmatched expertise in genetic science helps cultivators, dispensaries and testing laboratories characterize and understand the quality and consistency of cannabis to ensure patients and consumers access to consistently safe, high quality cannabis. To support this work, Medicinal Genomics also produces CannMed, a gathering of cannabis leaders, dedicated to furthering the state of the art in medicinal cannabis, and Kannapedia, the world’s most complete public cannabis strain database. For more information, please visit

MGC media contact:
Ben Amirault 
(978) 430-0888

(PRNewsfoto/Medicinal Genomics)

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SOURCE Medicinal Genomics