Company News
Hipgnosis seeks £250m to fund more music purchases
Hipgnosis Songs Fund said it planned to raise £250m through a share placing at 116p each as it looked to expand its music catalogue.
Informa extends events delay as virus drives loss
Informa extended its delay until events restart until mid-to-late spring as Covid-19 sent the company to a £740m statutory loss.
Rolls-Royce confirms possible £2.5bn fund raising
Rolls-Royce has confirmed it is considering a potential £2. 5bn fund raising, sending its shares sharply lower.
Beximco Pharmaceuticals gets eighth FDA approval
Generic drugs manufacturer Beximco Pharmaceuticals has received US Food and Drug Administration (FDA) approval for flecainide acetate 50mg, 100mg and 150mg tablets), it announced on Monday.
Landore buys half of remaining smelter return at Lamaune Lake
Landore Resources announced on Monday that its wholly-owned subsidiary Landore Resources Canada has entered into an agreement to acquire half of the 2% net smelter returns royalty that is held on its 90. 2%-owned Lamaune Lake Property in Ontario.
Driver Group enters partnership with EVRA Consulting in South Africa
Professional services consultancy Driver Group has concluded a strategic partnership with African claims and dispute resolution consultancy EVRA Consulting, headquartered in Johannesburg, it announced on Monday.
Tern swings to profit after decent first half
Technology-focussed investment company Tern reported net assets of £19. 9m at the end of its first half on Monday, rising from £17. 48m year-on-year, although its current assets slid to £0. 96m from £2. 15m.
Superdry warns on covenants as loss widens
Superdry said Covid-19 had disrupted its revival plan and its bank covenants could come under pressure as the fashion brand reported a wider annual loss.
AstraZeneca's Tagriso trial shows 'meaningful improvement', Lynparza recommended for EU marketing
Pharmaceutical giant AstraZeneca issued updates on the status of several drug candidates early on Monday.
Go-Ahead and FirstGroup get extensions to Covid rail bail-outs
The Department for Transport confirmed extensions to the emergency measures on a number of rail franchises on Monday, protecting operators from continued depressed passenger demand as a result of the Covid-19 pandemic.
DCC spends £60m on US, Dutch acquisitions
Energy and services group DCC said it had expanded its liquefied petroleum gas interests with two acquisitions worth £60m.
G4S hails 'resilient' revenues as earnings rise
Security services firm G4S said on Monday that its revenues have remained "resilient" for the first eight months of the year following a strong performance in the first half of 2020.