Company News
The Renewables Infrastructure Group acquires French Tille et Venelle onshore wind farm
The Renewables Infrastructure Group announced on Friday it had acquired the 40MW onshore wind farm in Burgundy (France) Tille et Venelle.
HydroDec revenues improve despite feedstock constraints
Industrial oil re-refining group outfit HydroDec saw revenues increase in 2018 despite sales of its premium quality transformer and base oils slipping as a result of feedstock constraints.
Lyft sets IPO valuation at $24bn
Ride-hailing company Lyft received a warm welcome as it debuted on Nasdaq on Friday.
Spanish government approves EUR 6.6m loan to Midatech
Midatech announced on Friday the Spanish government had provisionally approved its Reindustrialisation (Reindus) loan application, relating to its plans for commercial scale-up of its key MTD201 Q-Octreotide development product.
Zambeef Products slips after cutting full-year profit guidance
Zambeef Products' shares slid on Friday after it lowered its guidance, stating that it expects full-year adjusted profit before tax to be 30% to 40% below market expectations and that it is likely to report an interim trading loss.
Renewi cuts dividend following delayed Dutch shipments
Waste-to-product outfit Renewi continued to trade in line with expectations in its soon to be wrapped up financial year, but the firm warned investors that earnings in its upcoming trading year looked set to fall after new regulations halted shipments from its Dutch hazardous waste treatment plant.
MTI Wireless Edge secures $1m antenna contract
Communication and radio frequency technology company MTI Wireless Edge has secured a new contract worth approximately $1m, it announced on Friday, for the development and manufacturing of military antennas.
Autins Group trading in line despite market uncertainties
Investors in Autins Group were told how 2019 was set to be a year of “positive momentum” on Friday, following the “challenging” 2018 financial year, which led to a disappointing financial performance for the company.
Shanta Gold confirms IPO plans for Singida project
East Africa-focused gold producer Shanta Gold updated the market on its plans to finance the Singida Gold Mining Project in Tanzania on Friday, reporting that Singida Resources would be proceeding with a targeted $20m minimum equity offering via an initial public offering on the Dar es Salaam Stock Exchange (DSE).
Concepta to supply myLotus to Boots the Chemist
Personalised healthcare product provider Concepta has agreed to supply its ‘myLotus’ product for women's fertility and hormone testing to the chemist retail chain Boots UK, part of Walgreens Boots Alliance.
Numis flags fall in revenue amid tough trading conditions
Numis Corporation updated the market on its trading on Friday, ahead of the end of its six month period ending 31 March, reporting that despite the political situation remaining uncertain, it had benefited from an improvement in trading in recent weeks with a number of investment banking deals completing in March.
FCA bans sale of 'gambling' binary trades to consumers
The City regulator has imposed a permanent ban on the sale of binary options to retail consumers to cut the risk of fraud and save households up to £17m a year in losses.
Debenhams leaves door open to Ashley as secures £200m refinancing
Debenhams has secured £200m of cash from its lenders but said it remained open to Sports Direct making a takeover offer or underwriting a rights issue or a loan of its own.
CVS Group gallops higher as trading beats expectations
CVS Group's shares shot upwards on Friday after the company said that its full-year results were set to outstrip expectations following a jump in sales over the first eight months of its financial year.
Glencore agrees more than $14bn of credit facilities
Glencore has arranged more than $14bn of bank loan agreements including oversubscribed short-term facilities of almost $10bn.
Remote Monitored Systems slides after GeoCurve's 'slow start'
Remote Monitored Systems' shares dived on Friday after reporting that its Geocurve business has suffered a "slower than expected" start to 2019.
Canadian Overseas Petroleum narrows loss as it moves towards production
Canadian Overseas Petroleum narrowed its comprehensive loss to $4. 75m, it announced in its annual results on Friday, from a total loss of $20. 39m in the prior year.
Ascent shares up as it appeals Slovenian Environment Agency request
Ascent Resources has filed its appeal against the recent decision of the Slovenian Environment Agency (ARSO) to request an environmental impact assessment (EIA) in respect of the application to re-stimulate its existing wells - Pg-10 and Pg-11A - at the Petišovci concession, it announced on Friday.
Curzon Energy shares rise as it releases Texas Gas Project details
Oil and gas development company Curzon Energy announced further details on its proposed participation in Pared Energy's Texas Gas Project on Friday, which was first announced on 21 November last year.
Chesnara shares slip as earnings tumble
Shares in Chesnara were on the back-foot on Friday, even as it reported a significant improvement in cash generation in its final results to £47. 8m, from £28. 6m in the prior year.