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IQE profitability improves after record revenue result
Semiconductor wafer and materials supplier IQE reported a record revenue performance in its full-year results on Thursday, rising 27% year-on-year to £178m driven by the start of the 5G ‘mega-cycle’.
Apax Global Alpha to invest EUR 21.3m in Rodenstock Group
Apax Global Alpha said on Thursday that it was putting €21. 3m (£18. 37m) into ophthalmic lens manufacturer Rodenstock Group, as part of a majority stake investment by the Apax X Fund, in which it is a limited partner.
BBGI Global Infrastructure performs ahead of plan in 2020
BBGI Global Infrastructure reported portfolio performance and cash receipts ahead of its business plan in its annual results on Thursday, with its investment basis net asset value rising 6. 7% in 2020 to end the year at £916m.
NextEnergy Solar reaches development target with two new assets
NextEnergy Solar Fund has reached its subsidy-free development target of 150MWp, it announced on Thursday, through two newly-approved development assets, which were currently being prepared for construction and were expected to be energised in early 2022.
SIG sticks to outlook despite strong end to 2020
SIG left its outlook unchanged despite reporting a strong end to its financial year that helped push its annual loss lower than expected.
German consumer sentiment improves - GfK
German consumer sentiment is set to improve in April after the easing of the hard lockdown at the beginning of March but a third wave of coronavirus cases and further restrictions are expected to weigh on the mood going forward, according to a survey released by market research group GfK.
ITV invests £2m in what3words mapping app
UK broadcaster ITV said it had made an investment worth £2m in mapping startup what3words.
Europe open: Shares lower as investors eye EU vaccine summit
European shares opened lower on Thursday as investors waited to see whether EU leaders would ban Covid vaccine exports amid a row with the UK over supplies of the drug.
International Public Partnerships posts modest NAV decline amid pandemic
Infrastructure investment firm International Public Partnerships said on Thursday that 2020 had been "a successful year", particularly against the wider backdrop of the global Covid-19 pandemic.
London open: Stocks nudge lower ahead of EU vaccine summit
London stocks nudged lower in early trade on Thursday, with investors cautious ahead of an EU vaccine summit.
Leveson commends Boohoo as supplier list unveiled
The former judge monitoring Boohoo's improvement plan said the company was committed to addressing its failings as it published a list of suppliers.
LondonMetric prices £380m placement to replace existing debt
LondonMetric Property has priced a £380m private debt placement with a number of institutional investors in North America and the UK, it announced on Thursday, to replace existing debt facilities.
IWG appoints Glyn Hughes as new finance chief
Workspace provider IWG has appointed Glyn Hughes as its new chief financial officer, it announced on Thursday, with effect from 25 March when he would also join the board.
Professor Frenkel to succeed Penny Judd as Plus500 chair
Online trading platform Plus500 said on Thursday that Professor Jacob A. Frenkel will succeed Penny Judd as chairman following the annual meeting on 4 May, subject to shareholder approval.
United Utilities profit to drop in line with expectations
United Utilities said annual profit would fall in line with its expectations because of lower revenue and higher infrastructure spending.
AstraZeneca revises down efficacy rate on US Covid vaccine trial
Pharma giant AstraZeneca revised down the efficacy rate for its US Covid-19 vaccine trial to 76% after authorities there said the company had published incomplete data in trial results.
Cineworld swings to massive loss, United Utilities flags fall in profit
London open The FTSE 100 is expected to open 16 points lower on Thursday, having closed up 0. 2% on Wednesday at 6,712. 89.
London pre-open: Stocks seen lower ahead of vaccine summit
London stocks were set to edge lower at the open on Thursday ahead of an EU vaccine summit.
Thursday newspaper round-up: Cameron, Viagogo, Boohoo, Nationwide
A formal investigation has been launched into whether David Cameron breached lobbying laws through his work on behalf of Greensill Capital, according to reports. However, the Guardian understands the former prime minister will say he was acting as an employee for the firm. According to guidance by the Register of Consultant Lobbyists, people who lobby on behalf of their own organisation do not need to declare themselves on the register. - Guardian.
Compass profitability improves as volumes stay subdued
Compass Group said profitability improved in the second quarter while volumes stayed subdued because of the Covid-19 crisis.