Company News
Friday preview: UK, euro area services sector PMIs in focus
With US financial markets closed at the end of the week in observance of the 4 July holiday, the spotlight will be firmly on the results of services sector survey results on both sides of the Channel.
Armadale begins licence process for Mahenge Graphite Project
Africa-focussed natural resources investment company Armadale Capital announced on Thursday that it has started the formal mining licence application process for its wholly-owned Mahenge Graphite Project in south-east Tanzania.
Carnival's AIDA Cruises to extend operations pause to end of August
Carnival said on Thursday that AIDA Cruises, its German subsidiary, has extended the pause of its operations until the end of August amid the coronavirus pandemic.
Mosman raises £0.4m to help fund Champion drilling
Exploration, development and production company Mosman Oil and Gas has undertaken a placing to raise £0. 4m before expenses, it announced on Thursday, through the issue of 500,000,000 new shares at a price of 0. 08p each.
UK travel restrictions on dozens of countries set to be relaxed - reports
The government is set to scrap quarantine plans for travellers arriving from as many as 75 countries, it was reported on Thursday.
Forterra raises £55m in placing to bolster balance sheet
Forterra said on Thursday that it has raised around £55m in a placing to bolster its balance sheet.
FCA warned in 2019 of potential Wirecard link to high-risk scheme - report
Information about potentially illegal practices allegedly linked to disgraced German payments processor Wirecard was passed to the Financial Conduct Authority as early as 2019, it was claimed on Thursday.
Reabold reports mud build-up at Iecea Mica-1
Upstream oil and gas investor Reabold Resources updated the market on well flow testing at the Iecea Mica-1 (IMIC-1) well in Romania on Thursday, reporting some issues with mud build-up.
Patient enrolment begins for 4D's Covid therapy candidate
Biotherapeutics-focussed pharmaceutical company 4D Pharma announced on Thursday that its phase 2 clinical trial of the oral immunomodulator ‘MRx-4DP0004’, for patients hospitalised with Covid-19, was now open to enrolment, with dosing of the first patients expected shortly.
Verditek wins several solar panel orders
Technology company Verditek announced on Thursday that, following its recent product development activities, it has received a number of orders in the past fortnight weeks in new geographical areas, as well as new vertical markets .
Creo Medical gets £2m loan to develop sterilisation technology
Medical device company Creo Medical Group has secured a £2m loan from the Cardiff Capital Region project, it announced on Thursday, to develop its ‘Cool Plasma’ technology as a method to kill bacteria and viruses and for sterilisation purposes.
Hipgnosis Songs Fund raising £200m in placing, opens retail offer
Music intellectual property investor Hipgnosis Songs Fund announced placing on Thursday, aiming to raise £200m to fund further acquisitions of "hit songs" over the next three months.
Total Produce H1 sales 'resilient' despite Covid-19 pandemic
Fresh produce business Total Produce said on Thursday that trading for the six months ended 30 June had been "satisfactory".
GVC welcomes House of Lords report calling for overhaul of gambling laws
GVC Holdings has backed calls by the House of Lords for an urgent review of gambling legislation.
DS Smith annual profit rises on e-commerce demand; revenue dips
Packaging company DS Smith reported a 5% increase in full-year profit on Thursday as strong e-commerce demand offset weaker demand from industrial customers, but revenue dipped amid weak paper pricing in Europe and North America.
Gamma Communications acquires 'strategically important' stake in HFO
Communications services business Gamma Communications has acquired a "strategically important" stake in German outfit HFO.
Omega Diagnostics' ELISA antibody test gets approval in India
Medical diagnostics company Omega revealed on Thursday that its CE-Marked Mologic ELISA antibody test had been approved for Covid-19 testing in India.
OnTheMarket secures 500 more estate agent branches
Nearly 500 estate agent branches have signed up to OnTheMarket, the property portal said on Thursday, as leads continued to grow following the easing of lockdown rules.
Lekoil agrees prepayment facility with Shell subsidiary
Nigeria and West Africa-focussed oil and gas exploration and production company Lekoil announced on Thursday that Lekoil Oil and Gas Investments (LOGL), in which it has a 90% economic interest, has executed a prepayment facility agreement with Shell Western Supply and Trading (SWST) - a member of the Royal Dutch Shell group of companies.
VR Education rolls flagship platform out to Android devices
Education and training-focussed virtual reality (VR) technology company VR Education announced the launch of ‘Engage Mobile’ on Thursday, which it described as an Android phone and tablet-supported version of its proprietary VR communications, events and training platform.