Company News
Director dealings: Telecom Plus chairman offloads 2.5m shares
Telecom Plus revealed on Friday that chairman Charles Wigoder had disposed of 2. 5m ordinary shares in the FTSE 250-listed telecommunications firm.
Live Company raises £400,000 for 2020 build programme
Media firm Live Company raised £400,000 on Friday as part of a placing of 4. 0m new shares at a price of 10. 0p each, representing a 20. 0% discount to the group's closing price on Thursday.
Instem raising £15.75m in placing
Life sciences IT company Instem announced a proposed placing of new ordinary shares on Friday, to raise gross proceeds of around £15. 75m.
Randall & Quilter acquires Vermont captive insurer
Non-life specialty insurance company Randall & Quilter announced the acquisition of a captive insurer domiciled in Vermont on Friday.
Intu goes into administration but shopping centres to stay open
Intu Properties said on Friday that it has gone into administration but its shopping centres will remain open.
Stephen Dilks appointed Sosandar finance director
Online fashion retailer Sosandar announced the appointment of Stephen Dilks as its new finance director on Friday.
Tesco shareholders vote against CEO Lewis's £6.4m payday
Tesco suffered a heavy defeat at its annual general meeting as more than two-thirds of shareholder votes opposed a £6. 4m payday for departing Chief Executive Dave Lewis.
Aston Martin raises £152m to get through Covid-19 crisis
Aston Martin Lagonda has raised £152m from equity investors to get through the Covid-19 crisis and a period of destocking by dealers.
Boohoo bosses could pocket £150m under new incentive plan
Booses at Boohoo could pocket a £150m bonus if shares of the fast-fashion retailer rise 66% over a three-year period.
Kazera Global takes full ownership of Aftan
Investment company Kazera Global has increased its interest in African Tantalum (Aftan) to 100%, it announced on Friday, having acquired a further 25% interest.
Virgin Australia bought by Bain Capital
Struggling airline Virgin Australia has been sold to US private equity group Bain Capital by administrators after the coronavirus pandemic and associated travel restrictions hammered revenues.
Marlowe buys Elogbooks after bumper year for earnings
Safety and regulatory compliance specialist Marlowe has conditionally agreed to acquire Elogbooks Facilities Management and Elogbooks Facilities Services for initial consideration of £7. 35m, it announced on Friday, on a cash-free, debt-free basis.
Online sales boost Tesco Q1 sales during Covid-19 lockdown
Supermarket giant Tesco reported a 9. 2% rise in UK and Ireland total first quarter sales, driven by a sharp increase in online shopping during the coronavirus lockdown.
FCA blocks Wirecard as Brussels eyes German regulation
The Financial Conduct Authority blocked Wirecard from doing business in the UK or disposing of assets Brussels called for an inquiry into whether Germany's regulator failed in its supervision of the collapsed payments company.
Countrywide transactions increase following easing of lockdowns
Residential property services provider Countrywide said on Friday that it had lost around 30% of its income due to the Government's lockdown measures, but added that it has seen increased transactions in the housing market following the easing of social distancing rules.
Keywords Studios acquires British games developer Coconut Lizard
Video games company Keywords Studios acquired game development services outfit Coconut Lizard on Friday for a total of £2m.
Inspiration Healthcare revenues remain elevated amid Covid-19 outbreak
Medical technology company Inspiration Healthcare said on Friday that the increased revenues seen at the start of the year had continued over the last few months, including during the Covid-19 pandemic.
888 Holdings sees earnings 'significantly' ahead of expectations
Gambling operator 888 Holdings said it expected full year earnings to be significantly ahead of expectations after sales leapt during the first six months of 2020.
Zanaga Iron Ore enters subscription deal with Shard Merchant Capital
Zanaga Iron Ore Company has entered into a subscription agreement with institutional investor Shard Merchant Capital (SMC), it announced on Friday.