Company News
Petrofac delays results, says it may need to convert existing debt to equity
Petrofac tumbled on Monday as it announced a delay to the publication of its full-year results and said it may have to convert a significant proportion of its existing debt to equity.
Biome Technologies shares sink as Q1 sales drop 44%
Shares in AIM-listed Biome Technologies plummeted by almost a third on Monday after the bioplastics and radio frequency technology business reported a poor start to the year with first-quarter sales dropping by 44%.
Digital 9 to make additional revolving credit facility repayment
Infrastructure company Digital 9 Infrastructure announced a significant step towards strengthening its financial position on Monday, with the receipt of a deferred consideration payment of $25m (£20m) related to the sale of the Verne Global group, as announced on 15 March.
Oxford Biomedica confident as it moves away from vaccine era
Cell and gene therapy contract development and manufacturing organisation (CDMO) Oxford Biomedica reported stability in its core business on Monday, with a small increase in full-year core revenue for 2023, despite a 36% decrease in total revenue to £89. 5m.
Entain reprices two term loans, revises interest cost outlook
Betting and gambling giant Entain announced the successful repricing of two of its existing ‘Term Loan B’ loans on Monday, along with the pricing and allocation of fungible add-ons, in a bid to optimise its financial position.
N Brown chairman Ron McMillan to retire
N Brown said on Monday that chairman Ron McMillan will be retiring and stepping down from the board with effect from 30 April for personal reasons.
McCarthy out, Adshead in as Ultimate Products chair
Ultimate Products, the parent of homeware brands including Salter and Beldray, announced a change in its leadership on Monday, with James ‘Jim’ McCarthy deciding to step down as non-executive chair from 31 July.
Supermarket Income REIT buys portfolio of Carrefour supermarkets for €75.3m
Supermarket Income REIT said on Monday that it has bought a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction for €75. 3m.
Kosmos Energy refinances reserve-based lending facility
Kosmos Energy announced the refinancing of its reserve-based lending (RBL) facility on Monday, with its final maturity now set for December 2029.
Endeavour pours first gold at Senegal mine
Endeavour Mining said it had poured first gold from the Sabodala-Massawa BIOX Expansion project in Senegal on April 18.
AstraZeneca makes progress with two breast cancer treatments
AstraZeneca issued favourable updates on two of its breast cancer treatments on Monday - ‘Truqap’, or capivasertib, and ‘Enhertu’, or trastuzumab deruxtecan - following encouraging results from respective phase three trials.
Wood Group creates new chief strategy officer role
Consulting and engineering business Wood Group has created a new executive role of chief strategy officer to look after things like sustainability and corporate development.
Blackstone ups bid for Hipgnosis with $1.57bn offer
Music rights owner Hipgnosis said it it agreed terms on a £1. 2bn takeover by private equity investor Blackstone, in the latest tit-for-tat battle with rival Concord.
Insurer Beazley keeps guidance after solid Q1 premiums growth
Insurance group Beazley said that first-quarter results were in line with guidance with insurance written premiums (IWP) growing at high single digits.
Agronomics investee Solar Foods raises EUR 8m
Cellular agriculture investor Agronomics announced on Friday that its portfolio company Solar Foods had raised an additional €8m through Finnish investment organiser Springvest.
Tekcapital's Innovative Eyewear enters deal with New Look Vision
Intellectual property investor Tekcapital announced on Friday that its investee Innovative Eyewear, the developer of ChatGPT-enabled smart eyewear under various brands, was launching its ‘Lucyd’ smart frames in 10 selected New Look Vision Group stores across Quebec and at New Look’s online store.
Aukett Swanke flags delays to some contracts
Smart buildings, architectural and design services specialist Aukett Swanke said in an update on Friday that, as outlined in its recent financial statements, it maintained a robust pipeline of interest, although a number of projects had been pushed back.
Anglo American rejects £31bn BHP offer as 'unattractive' for investors
Anglo American on Friday rejected an "opportunistic" £31bn bid from rival miner BHP, saying it significantly undervalued the company.
Brickability Q4 trading impacted by 'lower levels of demand'
Construction materials distributor Brickability said on Friday that its Q4 trading performance continued to reflect "lower levels of demand" for bricks and associated building products seen throughout the first nine months of the year.
Thousands of UK firms fighting for survival - Begbies Traynor
More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.