News And Announcements
SSP outlook cautious as latest-week sales run at 50% of 2019
Food travel outlet owner SSP Group on Wednesday said sales in the latest week were half of pre-pandemic levels, as it remained cautious on the pace of the recovery.
Peel Hunt makes AIM debut
Trading in Peel Hunt’s shares got underway on Wednesday following the investment bank’s debut on AIM.
Shares jump as Amigo looks to settle complaints
Shares in Amigo surged on Wednesday as the troubled subprime lender confirmed it had submitted a revised Scheme of Arrangement aimed at settling thousands of outstanding complaints.
Evergrande raises $1.5bn after selling bank stake
China’s Evergrande is to sell part of its stake in Shengjing Bank for $1. 5bn, as the embattled firm looks to raise cash and paydown creditors.
Tritax Big Box to raise £300m in placing to accelerate development plan
Tritax Big Box REIT said on Wednesday that it plans to raise around £300m in a placing, subscription and retail offer to accelerate its development plan.
Playtech to sell Finalto to Gopher for $250m
Gambling software developer Playtech has agreed to sell its financial trading division, Finalto, to Gopher Investments for $250m in cash.
Security concerns arise at KEFI's Tulu Kapi project
Ethiopia and Saudi Arabia-focussed gold and copper exploration and development company KEFI announced on Wednesday that, during preparations for the expected October launch of the development phase of its Tulu Kapi gold project, security concerns had arisen.
Shareholders approve bonus scheme of incoming Frasers Group CEO
Frasers Group shareholders have approved a new scheme that could see incoming chief executive Michael Murray make a £100m bonus.
Red Rock disposes of 'substantial part' of Jupiter holding
Natural resource development company Red Rock updated the market in relation to its investment in the ASX-listed Jupiter Mines on Wednesday, reporting that over recent weeks, it had disposed of a “substantial part” of its remaining holding in Jupiter through market sales at an average price of 30. 4 Australian cents per Jupiter share, for proceeds of AUD 2. 33m (£1. 24m).
Bezant upbeat on survey results from Hope licence
Copper-gold exploration and development company Bezant announced on Wednesday that the modelling of data and drill hole planning from the airborne electromagnetic (EM) and magnetic survey completed in May over a large part of its Hope copper-gold licence block in Namibia had highlighted four highly-prospective drill targets, ready for drill testing, planned for November.
Botswana Diamonds buys third-party interests in Vutomi
Botswana Diamonds announced on Wednesday that, following outside interest in acquiring its South African associate company Vutomi Mining, it had exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi and Razorbill Properties.
Genedrive gets CE-IVD marking for new system platform
Near-patient molecular diagnostics company Genedrive announced on Wednesday that the new-generation ‘Genedrive System’ platform, which was developed to support the commercial launch of the ‘Genedrive MT-RNR1’ ID kit, had now received CE-IVD marking in anticipation of launch in the UK and the European Union.
Gaming Realms enters commercial agreement with 4ThePlayer
Mobile-focussed gambling content Gaming Realms has entered into a commercial agreement with 4ThePlayer, a developer of innovative mobile-first gambling games, to integrate its content onto Gaming Realms' platform for distribution in the United States, it announced on Wednesday.
UK govt mobilises 150 army tanker drivers to alleviate fuel crisis
The UK government has mobilised 150 military tanker drivers to help alleviate the supply gridlock at petrol stations caused by Britons panic buying.
Avacta gets undisclosed milestone payment from LG Chem
Clinical-stage biopharmaceutical company Avacta Group announced on Wednesday that a preclinical development milestone has been achieved in its multi-target therapeutics partnership with South Korea’s LG Chem Life Sciences, triggering an undisclosed milestone payment.
FRP Advisory enjoying 'highly liquid' UK market
Specialist business advisory company FRP Advisory Group said in an update on Wednesday that the UK market was still “highly liquid”, with pent-up capital being deployed by both corporate buyers and private equity outfits.
Sumo Group performing well as Tencent takeover looms
Video games design, development and publishing service provider Sumo Group reported a 91. 7% surge in revenue in its first half on Wednesday, to £50. 4m, including the performance of Pipeworks, which it acquired in October last year.
Fulham Shore revenues leap past pre-pandemic levels
Restaurant operator Fulham Shore said on Wednesday that its revenues increased to over £39m in its first half, compared to £36m in the pre-pandemic comparative period in 2019, despite only being able to trade without Covid-19 restrictions for 10 of the 26 weeks in the period.
Quiz losses widen as Covid measures dent revenues
Quiz reported a widening of its full-year losses on Wednesday as revenues were dented by Covid measures, sending shares in the fast-fashion retailer tumbling.
Network International adjusts mid-term guidance as it integrates DPO
Network International updated the market on its near- and medium-term outlook on Wednesday morning, leaving its 2021 financial guidance unchanged.