Company News
Lockdowns hit sentiment in services sector - survey
Optimism across the service sector tumbled in the last three months, hit by a resurgence in Covid-19 infections and fresh lockdown measures, a closely-watched survey showed on Friday.
Ironveld raises £1m for debt repayment and financial stability
Mining development company Ironveld has conditionally raised £1m before expenses, it announced on Thursday, to repay debt facilities and provide it with financial stability.
Director dealings: Coats' chairman-designate makes share purchase
Coats Group revealed on Thursday that non-executive director David Gosnell had acquired 140,105 ordinary shares in the FTSE 250-listed industrial threads manufacturer.
Gfinity to operate ePremier League for third year
Esports company Gfinity has been appointed as tournament operator for the third season of the ‘ePremier League’ (ePL), it announced on Thursday.
Arkle Resources discovers new gold-bearing vein
Arkle Resources announced the discovery of a new gold-bearing vein during its recent trenching programme on Thursday.
EKF partner Kantaro gets FDA authorisation for Covid-19 test
Point-of-care company EKF Diagnostics updated the market on developments at its partner Kantaro Biosciences on Thursday, confirming that it had received Emergency Use Authorization from the US Food and Drug Administration (FDA) for ‘COVID-SeroKlir’, its semi-quantitative SARS-CoV-2 IgG antibody test kit.
Friday preview: Sales kick off; Daily Mirror owner Reach to issue update
There isn’t much scheduled on the corporate front for the end of the week, although a trading update from magazine and newspaper publisher Reach should garner some interest, as the Black Friday sales kick off.
SSE and Equinor to invest £6bn in offshore wind project
Blue chip utility SSE and its Norwegian partner Equinor have agreed to spend £6bn constructing the first two phases of the giant Dogger Bank wind farm project.
Zambeef EPS tumble on FX headwinds
Beef producer Zambeef said on Thursday that audited dollar-denominated revenues and underlying earnings were in line with current expectations.
Remote Monitored confirms delay to subsidiary's mask production plans
Remote Monitored Systems updated the market on its wholly-owned subsidiary Pharm 2 Farm (P2F) on Thursday, having previously announced that it was expecting the delivery and installation of the new antiviral mask production line around the end of November.
Swathes of England face strictest Covid restrictions
London escaped the most stringent of post-lockdown Covid-19 restrictions but Manchester, Birmingham and Newcastle are among areas faced with strict measures in the runup to Christmas.
CVS sees solid trading continue into new financial year
Veterinary services company CVS updated the market on its trading on Thursday, reporting that the positive start to its new financial year had continued into September and October.
Jersey Oil takes whole share in licence with Cieco acquisition
UK North Sea-focussed upstream energy company Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire Cieco V&C UK, it announced on Thursday, which is currently owned by Itochu Corporation and the Japan Oil, Gas and Metals National Corporation (Jogmec).
Savannah progresses next phase of permitting for Mina do Barroso
Savannah Resources said on Thursday that, as part of the next stage in the environmental impact assessment process for its wholly-owned Mina do Barroso lithium project, it has successfully submitted additional and revised information in response to the expected request it received from the Portuguese regulatory authority, Agência Portuguesa do Ambiente (APA).
Motorpoint drives up profits despite lockdown
Motorpoint reported a rise in interim profits on Thursday, after pent-up demand and a surge in online sales helped offset trading losses incurred during the first national lockdown.
Fuller Smith & Turner says workforce 20% lower as Covid hits profits
UK pub company Fuller, Smith & Turner said staff levels were 20% lower since the start of the new financial year as it swung to an interim loss due to the coronavirus pandemic.
Polymetal snaps up 22% stake in Chesterfield
FTSE 100 miner Polymetal International has acquired a stake in Chesterfield Resources, causing shares in the copper and gold exploration firm to surge 25%.
Mulberry half-year sales dented by Covid
Luxury handbag maker Mulberry reported a slump in first-half revenues on Thursday as store closures and the impact of the Covid-19 pandemic took their toll, although online sales were a bright spot.
VR Education to launch new title 'Shuttle Commander'
Virtual reality (VR) technology company VR Education announced on Thursday that its “showcase experience”, Shuttle Commander, would be released on 30 November for all PC-based VR platforms, including Oculus Rift, Valve Index, Windows Mixed Reality and HTC Vive devices.
Actual Experience upbeat on 'major purchase order'
Analytics-as-a-service provider Actual Experience updated the market on its recent operations on Thursday, announcing that it received a purchase order from one of its channel partners in connection with a “major deployment” of its recently-launched ‘Human Experience Management’ (HXM) offering.