News And Announcements
Investors tell boards to link pay to virus impact
Britain's big investors have told companies to link bosses' pay to the impact on shareholders and employees of the coronavirus crisis.
ASOS posts record interim profit; confirms placing to weather Covid-19
Online fashion retailer ASOS reported record interim pre-tax profits on Tuesday as it confirmed it is "close" to finalising a potential equity issuance and extension to its debt facilities amid the coronavirus pandemic.
Safestyle launches placing to raise £8.5m amid Covid-19 lockdown
Safestyle has announced a placing to raise £8. 5m to strengthen its balance sheet and help see it through the coronavirus outbreak.
Fastjet warns on future as FedAir sheds jobs, cuts wages
African budget airline Fastjet warned that its future was under threat unless it raised fresh capital or sold its Zimbabwe operations as jobs and salaries were cut in response to the coronavirus.
Millions of jobs at risk as airlines running out of cash - IATA
At least 25 million jobs could be at risk around the world from the slump in passenger traffic caused by the coronavirus pandemic, the airline industry body warned on Tuesday.
Intercede expecting bump in profits as it reduces costs
Digital identity, credential management and security firm Intercede announced a “continuing trend” of improved operational and financial performance on Tuesday.
Holders Technology cuts costs amid Covid crisis
Printed circuit board materials company Holders Technology updated the market on its trading and the impact of the Covid-19 coronavirus pandemic on its operations in the UK and Germany on Tuesday.
Edenville Energy looking to shore up funding amid pandemic
Edenville Energy updated the market in light of the Covid-19 coronavirus pandemic on Tuesday, as it looked to shore up its funding amid the ongoing disruption.
ReNeuron signs research deal with unnamed pharma major
Cell-based therapeutics company ReNeuron Group has signed a research agreement with an unnamed major pharmaceutical company, it announced on Tuesday, to explore the potential use of its proprietary exosomes to deliver novel therapeutics.
ExxonMobil cuts capital spending by $10bn after oil crash
ExxonMobil has cut 2020 capital spending by $10bn (£8. 1bn) in response to the oil price crash caused by oversupply and the coronavirus crisis.
Haydale Graphene signs exclusive deal with China's DLYB
Advanced materials company Haydale Graphene has signed an exclusive distributor agreement with Dalian Yibang Technology (DLYB), it announced on Tuesday.
WH Smith bolsters balance sheet with £166m raising
WH Smith successfully raised £166m from its equity placing as it moved to shore up its balance sheet to mitigate the impact of the coronavirus crisis.
Zotefoams halts dividends to conserve cash
Zotefoams has put dividends on hold after the Covid-19 crisis added to market pressures that caused profit to fall in 2019.
James Fisher develops ventilator to combat Covid-19
James Fisher said it had developed a new ventilator for use by healthcare services combating the Covid-19 pandemic.
Treatt hails 'strong' order intake; no impact so far from Covid-19
Ingredients manufacturer Treatt said on Tuesday that order intake in recent weeks has been strong and that the coronavirus outbreak has not impacted its business so far.
Ferrexpo Q1 sales grow as pellet output increases
Iron ore miner Ferrexpo said on Tuesday that first-quarter sales looked set to rise in 2020 thanks to a jump in pellet output during the period.
Assura raises £185m in placing
Assura said on Tuesday that it has raised around £185m in a placing to fund the development and acquisition of a pipeline that will deliver future GP surgery, primary care and community healthcare buildings for the NHS.
Audioboom sees Covid-19 affecting ad spending
Audioboom said it expected the Covid-19 to affect advertisers' spending as the podcast company reported a 40% increase in first-quarter revenue.
Scholium operating at a loss amid pandemic
Scholium Group updated the market in light of the ongoing Covid-19 coronavirus pandemic on Tuesday, reporting that it was currently operating at a loss while trading by distance.
Falcon farms down another 7.5% of Beetaloo to Origin Energy
Falcon Oil & Gas announced on Tuesday that its 98%-owned Australian subsidiary has executed an agreement which includes a restated farm-out agreement and joint operating agreement with Origin Energy, to farm down 7. 5% of Falcon’s 30% participating interest in the exploration permits of the Beetaloo sub-basin in the Northern Territory.