Company News
Woodford Patient Capital Trust scores 6.9% NAV increase
Woodford Patient Capital Trust climbed on Friday as it reported an increase in net asset value after a number of companies in its portfolio entered the commercialisation phase.
Sirius Petroleum seeks another extension at Ororo field
Nigeria-focused oil and gas development and production company Sirius Petroleum announced on Friday that Shelf Drilling's Adriatic-1 rig had reached target depth on its current operation, and was concluding the testing and logging programme.
Oncimmune inks distribution deal for lung cancer test in Portugal
Personalised immunodiagnostics developer Oncimmune Holdings has signed an exclusive agreement for the distribution of its ‘EarlyCDT-Lung’ test kit in Portugal with Sabartech, its existing distributor in Spain, it announced on Friday.
Ncondezi raises £1.88m to enter joint venture with GridX
Ncondezi Energy announced on Friday that it had entered into a term sheet with GridX Africa Development - an African power developer - which would enabling it to enter into a joint venture focussed on building and operating captive solar and battery storage solutions for the African commercial and industrial sector.
ProPhotonix finishes year slightly ahead of already disappointing expectations
LED and laser systems designer and manufacturer ProPhotonix reported full-year results “slightly ahead” of guidance on Friday, with revenue decreasing 8% to $16. 4m.
RedT offloads legacy Camco business in management buyout
Energy storage solutions company RedT Energy has completed the divestment of its legacy Camco business, it announced on Friday, with the sale of its wholly-owned subsidiary Camco International Group.
Qinetiq secures £1.3bn contract with MoD
Defence technology group Qinetiq has secured a contract with the Ministry of Defence to modernise 16 of the UK's critical defence facilities.
Urban Logistics sells site in Nuneaton, buys one in Thatcham
Specialist industrial and logistics real estate investment trust Urban Logistics has sold a site in Nuneaton for £8. 1m, it announced on Friday.
Murgitroyd ropes in Willie MacDiarmid as deputy chairman
Patent and trade mark attorney practice Murgitroyd Group announced on Friday that Willie MacDiarmid had been appointed to its board as non-executive director and deputy chairman, with effect from 1 April.
Scientific Digital Imaging acquires MPB Industries
Scientific Digital Imaging announced the acquisition of MPB Industries for consideration of £1. 59m on Friday.
Starcom secures gains with key-less lock launch
Starcom's shares soared on Friday as the company launched its new intelligent reporting padlock, now branded Lokies, which can be operated remotely and does not require a key.
Purplebricks tumbles as Berenberg double-downgrades, butchers price target
Purplebricks was under the cosh on Friday after Berenberg double-downgraded the stock and took an axe to its price target following its profit warning in February.
K3 Capital warns on profits following Brexit-related delays
Sales specialist K3 Capital warned investors on Friday that earnings in its current trading year would be lower than expected after a series of "significant" transactions in its corporate finance unit were delayed as a result of Brexit-related uncertainty.
D4T4 launches 'major' upgrade to Celebrus platform
D4T4 Solutions' shares climbed on Friday as the company launched its Celebrus version 9 customer data platform, which it called a "major new upgrade".
Begbies Traynor acquires commercial properties agent BSMH
Professional services consultancy Begbies Traynor acquired commercial properties agent BSMH for an initial consideration of £1. 6m on Friday.
Erris Resources reviewing new projects as cash position strong
Erris Resources on Friday told investors that it has a "strong cash position" and is actively seeking new projects that fit its investment model.
Starvest receives £123,800 from sale of Kuwait Energy
Starvest on Friday announced that its investee company Kuwait Energy has been acquired by Hong Kong listed United Energy Group Limited in an all-cash transaction.
Nektan revenues boosted by strong B2B performance
Gaming technology platform and services provider Nektan saw third-quarter revenues move ahead year-on-year thanks to a solid performance over at its business-to-business division.
Seeing Machines to promote technology via insurer partnership
Seeing Machines on Friday partnered with National Transport Insurance, to develop "mutually beneficial programs" to promote the company's Guardian driver-monitoring solution to the Australian specialist insurer's policyholders.
Fastjet promotes seconded deputy to finance chief
Low-cost carrier Fastjet appointed Kris Jaganah to its board on Friday, tasking the former Stripes Aero director with the responsibilities of chief financial officer.