Company News
Trainline eyes £1bn flotation
Rail and coach ticket booking platform Trainline is on track for a £1bn listing on the London Stock Exchange in the coming months.
African Battery Metals gets into nickel game with Katoro Gold investment
African Battery Metals has acquired an interest in Katoro Gold, and entered into an option agreement with Katoro to acquire an interest in the Haneti Nickel Project in Tanzania, it announced on Friday.
Mereo BioPharma merger with OncoMed moves closer
Clinical-stage biopharmaceutical company Mereo BioPharma Group updated the market on its proposed combination with OncoMed Pharmaceuticals on Friday, which it said should close in the second quarter of 2019.
Interserve to go into administration as rescue deal blocked
Interserve is likely to go into administration on Friday evening and sell its entire business to its lenders after plans for a rescue fundraising were blocked by a US hedge fund.
OnTheMarket takes further aim at Rightmove with new tool
Residential property portal OnTheMarket announced on Friday that its ‘Market Appraisal Guide’ tool was now available for agents to use when preparing appraisals for current and prospective new clients.
Optibiotix Health expands international reach through supply agreement
OptiBiotix Health on Friday extended a supply agreement to broaden the supply of cholesterol-lowering capsules into Germany and several other countries.
BlueRock moves to continuous operations
Diamond miner BlueRock has been granted the necessary permissions to allow it to move to 365-day operations.
XLMedia appoints industry veteran to develop gambling activities
Digital performance marketing provider XLMedia announced the appointment of Shaun O'Neill as its new head of sales, with immediate effect.
Amphion Innovations sells 1.8m shares in Motif Bio
Medical technology business developer Amphion Innovations announced on Friday that 1,825,000 shares in its partner company, Motif Bio, had been sold in partial repayment of the loan facility originally announced on 5 June 2014, and most recently amended on 11 March.
GAN upbeat on latest New Jersey sports betting stats
Gambling software supplier GAN updated the market on the latest internet sports betting financial information for the calendar month of February in New Jersey on Friday, from the state’s Division of Gaming Enforcement (DGE).
Spirax-Sarco to buy Paris-based Thermocoax for €158m
Spirax-Sarco Engineering has agreed to buy electrical thermal solutions business, Thermocoax, for €158m (£139m).
Europa Metals' losses widen as exploration costs rise
Lead and zinc explorer Europa Metals reported wider interim losses after exploration costs increased.
Berenberg more cautious on food manufacturers, downgrades Greencore and Bakkavor
Berenberg downgraded its recommendations on Greencore and Bakkavor on Friday as it turned more cautious on the near-term outlook for food manufacturers.
GCM Resources lands second JV with PowerChina
GCM Resources agreed a second joint venture agreement with Power Construction Corporation of China (PowerChina) for the development of an additional coal-fired power plant at the site of the company's proposed coal mine in North-West Bangladesh.
Symphony Environmental earnings slip despite improved revenues
Smart plastics outfit Symphony Environmental Technologies saw pre-tax profits slip in 2018 despite an increase in revenues.
Alpha Real Trust ups quarterly dividend as NAV moves ahead
Alpha Real Trust saw net asset value per share move ahead in the three months ended 31 December, leading it to up its quarterly dividend payment.
Bahamas Petroleum raises $2.5m to finance wells
Oil and gas exploration outfit Bahamas Petroleum has raised $2. 54m before expenses by virtue of a firm placing of 120m new ordinary shares at a price of 1. 6p each.
Zinc Media earnings hit by delays to major projects
Television and multimedia content producer Zinc Media recorded a slight year-on-year jump in interim revenues as its order book improved amidst a strategic shift in programming but earnings tumbled as delays to major projects hit home.
Arcadia in advanced talks about restructuring - report
Top Shop and Dorothy Perkins owner Arcadia is close to applying for a restructuring deal, according to a report on Friday.
EI Group to return another £35m to shareholders
EI Group said on Friday that it has completed the first part of the sale of its commercial property portfolio, the proceeds of which will be used to pay down debt and return up to £35m to shareholders via a share buyback programme.