News And Announcements
International PPL renews debt facility for another three years
Infrastructure investment company International Public Partnerships has renewed its corporate debt facility for a further three years to March 2024, it announced on Thursday, to support its future investment pipeline.
Vistry sees 2021 profits soaring as govt extends relief measures
Housebuilder Vistry said it expected 2021 profits to more than double as the economy emerged from the Covid-19 pandemic boosted further by the extension of relief measures announced in the UK Budget on Wednesday.
Sunak targets business to recover billions spent on Covid measures
UK Finance Minister Rishi Sunak on Wednesday unveiled tax rises for businesses and employees as he sought to claw back some of the billions spent on mitigating the impact of the Covid-19 pandemic.
Wetherspoon rises but Sunak disappoints on pub support
Shares of JD Wetherspoon and Mitchells & Butlers rose after Chancellor Rishi Sunak provided limited support for the UK's pubs in his budget.
Sainsbury's to forgo business rates relief
Sainsbury’s said on Wednesday that it will forgo business rates relief on all of its stores again this year, after chancellor Rishi Sunak announced in his budget an extension until the end of June for all retail, hospitality and leisure businesses in England.
Edenville Energy still working on handover in Tanzania
Edenville Energy updated the market on its operations at the Rukwa Coal Project in southwest Tanzania on Wednesday, reporting that it was continuing to work with its strategic partner Infrastructure and Logistics Tanzania (ILTL) on the proposed handover of operations at Rukwa.
Nostra Terra reports doubling of acreage at Cypress farmout
Oil and gas exploration and production company Nostra Terra updated the market on operations at its Pine Mills asset in East Texas on Wednesday, reporting that the Cypress farmout acreage had doubled in size.
BT rallies on super deduction news
BT Group shares surged on Wednesday after chancellor Rishi Sunak announced in his budget a new investment tax super deduction policy.
Maestrano raises £2m for staff and capacity expansion
Transport-focussed artificial intelligence (AI) company Maestrano Group announced a proposed placing via an accelerated bookbuild on Wednesday, to raise a total of £2m before expenses.
Allergy Therapeutics reports record pre-R&D operating profit
Commercial biotechnology company Allergy Therapeutics reported a 7% improvement in its revenue in actual terms in its interim results on Wednesday, and 5% growth at constant rate, to £54. 0m.
Inspired Energy acquires Businesswise Solutions and GEM
Energy procurement, cost optimisation and legislative compliance service provider Inspired Energy has completed the acquisitions of BWS Holdco and its trading subsidiary Businesswise Solutions, and General Energy Management, it announced on Wednesday.
Wishbone Gold to acquire Cottesloe Project in Patersons Range
Precious metals exploration and trading company Wishbone Gold has signed an exclusive deal to acquire full ownership of the 92. 19 square kilometre Cottesloe Project in the Patersons Range region of Western Australia, it announced on Wednesday.
Mosman shares down on fall in pressure at Falcon-1
Oil exploration, development and production company Mosman Oil and Gas announced on Wednesday that the operator of the Falcon-1 well in East Texas had reported a recent increase in water production, alongside a fall in pressure at the well.
Smiths News to meet full-year market expectations
Smiths News said on Wednesday that it continues to expect full-year results to be in line with market expectations following a "robust" operational and financial performance in the 26 weeks to 27 February.
Europe open: Shares maintain rally as investors eye UK budget measures
European shares continued their rally on Wednesday as London’s FTSE outperformed on hopes of stimulus measures to be unveiled in a new budget.
Growing confidence helps bolster UK services sector
The slowdown in the UK services sector eased last month, a closely-watched industry survey showed on Wednesday, as optimism continued to build on the back of the vaccine rollout programme.
Hipgnosis appoints industry veteran Richard Rowe as executive president
Hipgnosis Songs Fund said on Wednesday that it has appointed music industry veteran and Round Hill Music co-founder Richard Rowe as executive president with immediate effect.
Nichols falls flat as pandemic weighs heavily
Vimto maker Nichols reported a slide in revenues and profits on Wednesday after the Covid-19 pandemic quashed demand.
PageGroup profit slumps nearly 90% as Covid dents hiring
Recruiter PageGroup reported a near-90% slump in full-year profit on Wednesday as hiring was hit by the coronavirus pandemic.
Gamma buys partner Mission Labs in £40m deal
Technology-focussed communications services provider Gamma Communications has acquired the entire issued share capital of Mission Labs, it announced on Wednesday, for initial consideration of £40. 2m.