Company News
Director dealings: Boohoo directors raises stake
Boohoo Group revealed on Friday that non-executive director Iain McDonald had acquired 100,000 ordinary shares in the London-listed retailer.
Sabien invests in hydrogen compressor firm Aeristech
Sabien Technology announced on Friday that it has invested £0. 1m in Aeristech, which manufactures power-dense compressors for use in hydrogen fuel cells.
Universe Group chief executive to step down
Retail management, payment and systems technology company Universe Group announced on Friday that its chief executive officer Jeremy Lewis had decided to leave the group to pursue other opportunities outside of the public markets.
Panthera Resources sells investment in Anglo Saxony Mining
West Africa and India-focussed gold exploration and development company Panthera Resources announced the sale of its investment in Anglo Saxony Mining (ASM) for £1. 17m on Friday.
Cellular Goods stock surges 310% in early trading
Shares in cannabinoid company Cellular Goods, started trading on a high on Friday in its launch on the London Stock Exchange.
Eqtec agrees land purchase for Haverton Hill plant
Waste-to-energy gasification technology company Eqtec announced on Friday that its wholly-owned subsidiary Haverton WTV and Scott Bros. Enterprises have signed a conditional land purchase agreement relating to the land on which the proposed up-to-25 MWe Billingham waste gasification and power plant at Haverton Hill would be constructed.
FastForward pleased with performance of newly-balanced portfolio
Investment company FastForward Innovations updated the market on its performance on Friday, reporting that it had succeeded in achieving a better balance to its portfolio between liquid, pre-liquidity and longer term investments, as described in its investment policy announced in July.
Escape Hunt upbeat on outlook, agrees acquisition of French franchise
Escape room experience operator Escape Hunt has exchanged contracts to acquire its French master franchise partner BGP Escape, it announced on Friday.
K3 Business Technology surges on sale of Starcom division
Software, cloud technology and managed services company K3 Business Technology announced the sale of its managed services unit Starcom Technologies on Friday, to UK-based infrastructure and services provider Node4, which is backed by private equity investment firm Bowmark Capital.
IAG crashes to €7.4bn annual loss as Covid pandemic takes toll
British Airways owner IAG swung to a massive €7. 4bn annual operating loss and pulled guidance for 2021, reflecting the impact of the Covid-19 crisis.
Alpha Real EPS grows last quarter despite NAV slide
Real estate investment trust Alpha Real Trust said on Friday that adjust earnings had grown in the three months ended 31 December despite seeing its net asset value slip.
Tullow Oil agrees $1.7bn reserves-based loan agreement with banks
Oil and gas exploration company Tullow Oil said on Friday that it has agreed a new debt facility of around $1. 7bn with its banks.
Jadestone issues guidance for 2021 production
Asia-Pacific focussed oil and gas production company Jadestone Energy updated the market on its outlook for 2021 on Friday, guiding for average crude oil production of between 11,500 and 13,500 barrels per day, assuming the successful drilling of H6 at Montara, two Skua well workovers, and completion of its acquisition of a 69% operated interest in the Maari asset, offshore New Zealand, at the end of the first half.
Greencoat Renewables agrees acquisition of Cordal wind farm
Renewable infrastructure company Greencoat Renewables announced an agreement to acquire the Cordal wind farm from renewable energy investor and operator Cubico Sustainable Investments on Friday.
Rightmove FY profit, revenue decline after customer discounts
Rightmove reported a drop in full-year profit on Friday as revenue took a hit after it gave discounts to customers during the coronavirus pandemic, but said it will resume dividend payments and its share buyback programme.
Silence to get $2m milestone payment from Mallinckrodt
Silence Therapeutics announced on Friday that it would receive a $2m (£1. 43m) milestone payment following the start of work on a third target being explored under its ongoing RNAi research collaboration with Mallinckrodt, for the treatment of complement pathway-mediated diseases.
Fullers FD Adam Councell to step down, take up job at Marlowe
Pub and hotels group Fuller, Smith & Turner said on Friday that Adam Councell plans to step down as finance director.
Jupiter Fund Management's AUM hits record high
Investment manager Jupiter Fund Management said on Friday that assets under management had hit an all-time high of £58. 7bn in 2020, offsetting an increased level of outflows throughout the year.
Pets at Home raises guidance again as demand surges
Pets At Home has lifted annual profit guidance again after a surge in demand from Britons stuck at home during the latest national Covid lockdown.
IMI 'resilient' as revenue falls, earnings improve
Engineering firm IMI reported a 3% fall in adjusted revenue in its preliminary results on Friday, to £1. 83bn, as it described its organic revenue for 2020 as “resilient”, being 4% lower year-on-year.