Company News
ago 16
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Merian Chrysalis pours £10m into Manchester software firm Sorted

Merian Chrysalis Investment Company announced an investment of £10m, as part of a £15m Series B funding round by Sorted Holdings on Friday, alongside other investors including Praetura Ventures and NVM Private Equity.

ago 16
Oil rig, oil & gas, drilling
Andalas reports decent progress on Betun Selo KSO

Upstream oil and gas company Andalas Energy and Power updated the market on operations on the Betun Selo KSO on Friday, reporting that the BTN14 well was now producing 30 barrels of oil per day, up from 4. 5 barrels per day immediately after completion of the workover on 7 August.

ago 16
libra, esterlina, divisa, moneda, reino unido pound currency
LightwaveRF raising at least £1.3m through accelerated bookbuild

Smart home technology company LightwaveRF announced a number of firm and conditional placings and subscriptions on Friday, in a bid to raise at least £1. 3m.

ago 16
Gold bars, coins, mining, metals
Panthera Resources narrows losses as it works to progress Bhukia

Panthera Resources reported an operating loss in its audited results on Friday, which its said reflected its ongoing status as an exploration company.

ago 16
prudential pru
High Court blocks transfer of £12bn of annuities from Prudential to Rothesay

The High Court has blocked the proposed transfer of £12bn of annuities from Prudential to Rothesay Life.

ago 16
pound, sterling, pounds
Equals looks to raise £16.0m to fund acquisitions

E-banking and international payments group Equals confirmed it was looking to raise £16. 0m as it looks to make further acquisitions in the business payments market.

ago 16
1561131086 cybersecurity
Corero experiences slower than expected start to the year

Network security company Corero stood by its 2019 revenue guidance on Friday despite witnessing a "slower" than expected start to the trading year.

ago 16
Finance, graph
Burford's battle with Muddy Waters continues after governance moves

Burford Capital's war of words with Muddy Waters Research continued as the company's short-seller critic dismissed governance changes as farcical and alleged misleading responses by Burford to investors' questions.

ago 16
ep cathay pacific abandona los numeros rojos y gana 264 millones2018 tras do
Cathay Pacific CEO resigns after Hong Kong protest row

The chief executive officer of Cathay Pacific, Rupert Hogg, has resigned a week after the company told its staff that it would not stop them from joining anti-government protesters in Hong Kong.

ago 16
oilfield
Aminex still waiting on farm-out approval at Ruvuma, progresses Kiliwani

Tanzania-focussed gas exploration and production company Aminex updated the market on the Ruvuma farm-out process on Friday, reporting that it was awaiting government approval for the farm-out to ARA Petroleum Tanzania post the long-stop date extension to 31 October.

ago 16
edgar test 10
AfriTin agrees £2.46m facility to fund Namibia operations

Namibia and South Africa-focussed tin mining company AfriTin Mining has agreed a £2. 46m working capital facility with Nedbank Namibia, it announced on Friday.

ago 16
Euros , banknotes, single currency, euro , eurozone, money, cash. Image: TaxRebate.org.uk
Over-allotment earns Uniphar an extra EUR 4.39m from placing

Uniphar announced on Friday that, in connection with its placing and admission, it stabilisation manager J&E Davy had given notice to exercise the over-allotment option granted by the company in respect of 3,818,004 ordinary shares.

ago 16
coins currency investment insurance business finance company
Quarto Group shrinks losses as it focuses on 'critical' second half

Illustrated book publisher Quarto Group reported a marginal improvement in its half-year revenue on Friday, to $56. 4m, compared to $56. 2m a year earlier.

ago 16
ep roche 20190211134104
Roche gets FDA nod for 'Rozlytrek' treatment

Roche announced on Friday that the US Food and Drug Administration (FDA) has approved ‘Rozlytrek’ (entrectinib) for the treatment of adults with ROS1-positive, metastatic non-small cell lung cancer (NSCLC).

ago 16
british-steel-repreneur-d-ascoval-place-sous-administration
Turkey's military pension fund in talks to buy British Steel

Turkey's military pension fund is in exclusive talks to buy British Steel in a deal that could save thousands of jobs.

ago 16
Petroleo_Bolsas oilmarkets
Predator Oil & Gas first-half loss widens

Predator Oil & Gas's first-half loss widened as costs rose but the company said it was in a strong position with more cash available.

ago 16
Poundland, retail
Poundland owner Pepkor prepares for €4bn flotation or sale

Poundland's owner Pepkor Europe is reported to be preparing a €4bn (£3. 7bn) sale or flotation in September after untangling itself from its troubled parent company.

ago 16
ultra electronics sonobuoys
Ultra Electronics joint venture awarded billion-dollar US Navy contract

Ultra Electronics Holdings and its partner Sparton DeLeon Springs announced the award of an ‘IDIQ’ contract valued at a not-to-exceed amount of $1. 04bn (£0. 86bn) to their ERAPSCO joint venture on Friday, for the manufacture of sonobuoys for the United States Navy.

ago 16
Real Good Food annual loss widens to £27m

Real Good Food said it was trading in line with its own modest expectations on Friday as the food ingredients and cake decoration company reported a £27m annual loss.

ago 16
Acacia Mining to resume North Mara exports; Processing ban remains

Acacia Mining said it had resumed gold exports from its North Mara mine after receiving permits from the Tanzanian government, but warned a processing was still in place.