Company News
Oracle Power signs £1m loan agreement with Brandon Hill Capital
Energy developer Oracle Power announced on Monday that it has entered into a loan agreement to provide the company with a working capital loan facility of up to £1m, with its substantial shareholder Brandon Hill Capital.
Ceres Power upbeat after year-long home fuel cell trial
Fuel cell developer Ceres Power Holdings has completed a successful year-long field trial using its SteelCell-enabled home power systems, it announced on Monday, as part of an EU-wide field trial of fuel cell technology, led by ene. field.
Eden Research gets approval for 'Mevalone' in Portugal
Microencapsulation technology provider Eden Research announced on Monday that it has received authorisation in Portugal for its first product, Mevalone - previously referred to as ‘3AEY’.
Hurricane Energy gets approvals for Lancaster field development plan
UK-based oil and gas company Hurricane Energy announced on Monday that it received development and production consent for its Lancaster field development plan, the ‘Early Production System’.
RedT sells 14 units to Botswana-based customer
Energy storage company RedT energy announced the sale of 14 units into sub-Saharan Africa on Monday, which its board described as a “key growth market” for the company.
Emails and more could be breached in possible Deloitte cyberattack
Deloitte has been the subject of the latest major cybersecurity attack, with confidential information from some of its clients reportedly compromised.
Imagination Technologies rockets on £550m Canyon Bridge deal
Shares in Imagination Technologies surged in early trade after the company agreed late on Friday to be taken over by US-based, Chinese-backed private equity firm Canyon Bridge Partners for £550m.
Tuesday preview: Results due from AA, AG Barr, Close Bros, Card Factory, Thos Cook
Tuesday will see a step up in company activity in London, with a results from the likes AG Barr, Close Brothers, Card Factory and Thomas Cook, while US watchers will keep an eye for remarks from Federal Reserve chief Janet Yellen.
Deliveroo raises $385m, fetching a $2bn-plus valuation
Food delivery platform Deliveroo has said it is now worth more than $2bn after it announced a new round of funding worth $385m.
Allergan announces $2bn share buyback, CFO to retire
Dublin-based biopharmaceutical group Allergan said it has authorised a new $2bn stock repurchase programme and affirmed its commitment to increasing its cash dividend yearly on Monday as it announced the departure of its chief financial officer.
Warehouse REIT buys four industrial estates in first deal after IPO
Specialist warehouse investor Warehouse REIT announced its first pipeline acquisitions on Monday following its admission to AIM last week.
Aldi posts record sales but profits drop on price war
German discounter Aldi reported record sales for last year on Monday but profits fell as the company continued to invest in prices and infrastructure.
Ultra Electronics wins £37m contract with BAE Systems
Ultra Electronics said on Monday that its Staffordshire-based PMES business has won a £37m contract with BAE Systems Maritime-Submarines in relation to a UK naval defence programme.
Blenheim Natural Resources raises £900,000 in placing
AIM-listed Blenheim Natural Resources has raised £900,000 before expenses through a placing of 200m shares at 0. 45p each.
Volkswagen eyeing cobalt contracts to accelerate electric vehicle swerve
Cobalt suppliers are working on potential long-term contracts with Volkswagen as the car manufacturer looks to pivot towards electric vehicles, boosting potential demand for a metal that is often a key component in lithium-ion batteries.
Plexus wins deal to supply production wellheads to Centrica North Sea
Oil and gas engineering services business Plexus Holdings announced on Monday that it has been awarded a contract with Centrica North Sea to supply its POS-GRIP ‘HG’ 10,000psi adjustable production wellhead for a gas production well in the UK Southern North Sea.
Zoo Digital remains well-placed for new era of television
Investors in media subtitling, localisation and distribution service specialist Zoo Digital were told that the company’s position in the “new era” of screen entertainment was looking positive on Monday, as they gathered for its annual general meeting.
SRT Marine to launch global satellite system called OCEAN-SCAN
Maritime tracking, management and surveillance technology firm SRT Marine Systems announced on Monday that it will build and launch its own maritime monitoring satellite constellation, called OCEAN-SCAN.
Karelian upbeat on positive kimberlite test results
Karelian Diamond Resources announced on Monday that it has received results for 22 samples from the ODM Laboratory showing “high concentrations” of kimberlite indicator minerals.
HS2 rail link useless without Crossrail 2, source suggests
The effectiveness of the HS2 high-speed rail project has been called into question, with the government being told its expected benefits will not materialise without the additional construction of the Crossrail 2 underground rail project in London.