News And Announcements
SDX Energy upbeat on drilling operations at Sobhi well in Egypt
Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its drilling operations at the SD-12X, or Sobhi, well, where it has a 100% working interest, in the South Disouq Exploration Permit, onshore Nile Delta in Egypt, on which it has a 55% working interest.
Covid shock could spark global Depression-era slump: WTO
Global trade could plummet by up to 32%, a level similar to the Great Depression of the 1930s, in the aftermath of the coronavirus pandemic, the World Trade Organisation said.
Eden Research biofungicide gets organic approval for Italy and Spain
Biopesticides company Eden Research announced on Wednesday that its foliar biofungicide product ‘Mevalone’, branded ‘3LOGY’ in Italy and ‘Araw’ in Spain, has received certification for use in organic farming.
Samuel Heath sees 'material decrease' in orders
Samuel Heath & Sons updated the market on the impact of the Covid-19 coronavirus pandemic on Wednesday, reporting that it had seen the size of its order book “materially decrease”, as a number of its customers closed their operations, although some were still operating at reduced capacity.
Diversified Gas & Oil to buy Carbon Energy Appalachian assets
Natural gas, natural gas liquids, oil wells and midstream assets owner and operator Diversified Gas & Oil has signed a conditional purchase and sale agreement to acquire certain conventional Appalachian upstream and midstream assets from Carbon Energy Corporation and its affiliates, it announced on Wednesday.
Oxford Biomedica joins Covid-19 vaccine consortium
Gene and cell therapy company Oxford Biomedica has joined a consortium led by the Jenner Institute at Oxford University, it announced on Wednesday, to rapidly develop, scale-up and manufacture a potential vaccine candidate for Covid-19, called ‘ChAdOx1 nCov-19’.
Adriatic Metals continues 2020 drill programme
Adriatic Metals updated the market on its activities for the quarter ended 31 March on Wednesday, reporting that additional mineralised drill intercepts confirmed a “robust extension” of its high-grade mineralisation that remained open along strike.
Impact Healthcare confident in position amid coronavirus crisis
Impact Healthcare issued its final results for the year ended 31 December on Wednesday, explaining that it was the first year of implementing its progressive dividend policy, aiming to grow its target dividend in line with the inflation-linked rental uplifts received in the previous year.
Real Good Food looking at period of depressed demand
Real Good Food updated the market on its trading for the financial year ended 31 March on Wednesday, as well as the impact of the Covid-19 coronavirus pandemic, reporting that revenues for the year were “broadly in line” with its expectations, although performance was impacted in March due to the pandemic.
Aviva pulls final dividend due to Covid-19 after BoE pressure
Insurance group Aviva bowed to central bank pressure on Wednesday and pulled its final dividend as it braced for the financial impact of the coronavirus pandemic.
RSA pulls final dividend at request of Bank of England
RSA Insurance has suspended its final dividend to strengthen its finances during the Covid-19 crisis after coming under pressure from the Bank of England.
Scrapped dividends near £20bn as Covid-19 hits payouts
With almost £20bn of dividends wiped out so far in 2020, boards are grappling with whether to make payouts to shareholders or conserve cash during the Covid-19 crisis.
PageGroup cancels dividend, withdraws guidance
Recruitment firm PageGroup withdrew guidance for "current and future years" and cancelled its final dividend of 9. 40p per share on Wednesday as a result of impacts stemming from the Covid-19 outbreak.
Unite Group portfolio valuations impacted by Covid-19
Student accommodation providers Unite Group said on Wednesday that its decision to forego rent for students who choose to return home as a result of the Covid-19 pandemic had impacted valuations for the period.
Vikram Bhatia rejoins Aston Martin as interim CFO
Troubled luxury car maker Aston Martin Lagonda said Vikram Bhatia had returned to the firm as interim chief financial officer.
PPHE Hotel Group secures £180m facility for Hoxton project
Real estate developer PPHE Hotel Group has entered into a £180m syndicated facility agreement arranged by Bank Hapoalim to fund the development of Art'otel London Hoxton.
Concepta raises £1.9m through placing and subscription
Personalised healthcare company Concepta has conditionally raised gross proceeds of £1. 9m via a placing and subscription, and the issue of convertible loan notes, it announced on Wednesday.
Baron Oil relinquishes one licence on Inner Moray Firth
Baron Oil updated the market on the Inner Moray Firth (IMF) on Wednesday, having been awarded exclusive licenses over seven blocks and part blocks in the IMF, part of the UK continental shelf, under the 31st Offshore Licensing Round in September, alongside its joint venture partners.
William Hill freezes pay and pulls bonuses due to Covid-19
William Hill has frozen executive pay, withdrawn bonuses and scrapped a share payment to its chief executive after the gambling company cancelled its dividend due to the Covid-19 crisis.
Hyve suspends dividend, leadership team takes 20% pay cut amid Covid
Exhibitions and conference company Hyve said on Wednesday that it was pulling its dividend due to the Covid-19 outbreak as more than a quarter of its workforce has been put on furlough and the leadership team takes a pay cut.