News And Announcements
Cineworld raises $213m, seeks higher debt limit after $3bn loss
Cineworld said it had has secured extra funding and was looking to lift debt limits after a huge annual loss due to the Covid-19 pandemic, while also warning any tightening of restrictions would force it to seek further cash.
EU expects to receive 107m Covid-19 doses in Q1, 30m from Astrazeneca
The European Union expects to receive 107m doses of the coronavirus vaccine by the end of March, 30m of which will be of that developed by Anglo-Swedish firm AstraZeneca and the University of Oxford.
Premier African Minerals reports progress at Zulu
Premier African Minerals updated the market on progress and the funding strategy to be applied in the development of both Premier and Zulu Lithium and Tantalum Limited.
Xtract Resources to begin IP survey at Bushranger
Xtract Resources updated the market on exploration work at the Racecourse mineral resource on the Bushranger copper-gold exploration project in the Lachlan Fold Belt of New South Wales, Australia on Wednesday, reporting that a geophysical crew was on its way to the site.
Eden Research partner in Spain gets authorisation for bio-fungicide
Biopesticide and crop protection technology company Eden Research announced on Wednesday that its partner in Spain and Portugal, Sipcam Iberia, has received authorisation for the sale of its bio-fungicide in Spain for use on a range of new crops, for the control of a larger number of fungal pathogens.
Deliveroo slumps on market debut
Deliveroo shares tanked on its market debut on Wednesday, with more than £2bn wiped off the company’s valuation within minutes of the opening bell.
Fuller's announces £53m placing ahead of reopening
Fuller, Smith & Turner announced on Wednesday that it was looking to raise around £53m in a share placing to help with the reopening of its pubs in April, as it said full-year revenues are expected to be down 80% on the year.
Lloyd's of London posts £900m loss as Covid claims could hit £6.2bn
Lloyd’s of London said it expected 2020 payouts for insurance claims related to the Covid-19 pandemic to hit £6. 2bn as it reported pre-tax net losses of £0. 9bn in an “extremely challenging year”.
Phoenix Copper to begin geophysical surveys in Nevada
North America-focussed base and precious metals explorer and producer Phoenix Copper said on Wednesday that Magee Geophysical Services of Reno, Nevada, has been appointed to conduct geophysical surveys at its Red Star silver-lead project and Navarre Creek gold project.
President Energy reports solid progress in Argentina
South America-focussed exploration and production company President Energy said on Wednesday that the new LB-1002 well on Las Bases field in Rio Negro, Argentina, was projected to spud later in the day, in line with its expectations.
FCA approves Amigo Holdings's proposed scheme of arrangement
The UK High Court gave the green light overnight for Amigo Holdings's creditors to vote on the guarantor lender's proposed scheme of arrangement.
Losses narrow for Symphony Environmental as EU legal action looms
Plastic and rubber sustainability technology company Symphony Environmental Technologies reported group revenues of £9. 77m in its preliminary results on Wednesday, up from £8. 22m year-on-year, with increases across all of its primary product areas.
One Media iP grows in year of 'challenges'
Digital media content company One Media iP reported a 14% improvement in revenue in its final results on Wednesday, to £4m.
Amryt completes rolling FDA submission for Oleogel-S10
Commercial-stage biopharmaceutical company Amryt Pharma has completed the rolling submission of a new drug application (NDA) to the US Food and Drug Administration (FDA) for ‘Oleogel-S10’, it announced on Wednesday, for the potential treatment of cutaneous manifestations of junctional and dystrophic epidermolysis bullosa (EB).
Hitachi to buy GlobalLogic in $9.6bn deal
Hitachi has agreed to buy US digital engineering services company GlobalLogic in a $9. 6bn deal.
James Halstead profits rise amid 'solid' trading
Commercial floor coverings manufacturer and distributor James Halstead reported revenue of £130. 45m in its first half on Wednesday, broadly level with the £130. 39m it reported a year earlier.
Seeing Machines losses narrow as recurring revenues improve
Computer vision technology company Seeing Machines reported operational revenue of AUD 18. 1m (£10. 01m) in its first half on Wednesday, up from AUD 15. 8m a year earlier, reflecting comparative growth of 15% year-on-year.
Topps Tiles posts drop in H1 sales but expects ‘sharp’ rise from mid-April
Tile specialist Topps Tiles reported a decline in first-half revenues on Wednesday but said it expects to see a "sharp" increase in sales as Covid-related restrictions ease from April.
Sumo revenue, adjusted earnings rise in 2020
Video game creative and development service provider Sumo Group reported revenue growth of 40. 7% in its final results on Wednesday, to £68. 9m.
3i Infrastructure on track to deliver dividend target
Investment company 3i Infrastructure said on Wednesday that its portfolio was performing “well” in the second half of its financial year, describing it as “resilient” despite the continuing effects of the Covid-19 pandemic, in line with its medium-term return target.