Company News
Tuesday preview: Westminster, Brexit talks firmly in focus
With under four days left to go until the stipulated date for the UK to leave the European Union, all eyes will continue to be firmly on Westminster come Tuesday, with investors scouring the headlines for any signs of progress on avoiding a so-called 'hard Brexit'.
Burford Capital nets almost £300m for new fund
Burford Capital on Monday closed its new law focused Burford Alternative Income Fund LP (BAIF) after having raised £297. 3m.
Reabold Resources lands farm-in agreement for Romania project
Oil and gas project investor Reabold Resources on Monday confirmed that its 33% owned investee company Danube Petroleum is planning a $1. 5m seismic programme on the Parta licence in Romania.
Debenhams rejects Sports Direct offer to underwrite rights issue
Debenhams was on course to be put into administration within 24 hours as it rejected an offer from Sports Direct boss Mike Ashley to underwrite a £150m rights issue.
Strategic Minerals acquisition of remainder of Redmoor project advances
Battery materials-focussed producing mineral company Strategic Minerals has been informed by New Age Exploration that it would not be required to refer its decision to sell its entire 50% shareholding in Cornwall Resources - the joint venture vehicle developing the Redmoor tin and tungsten project in Cornwall - to shareholders at a general meeting, it said on Monday.
Avanti Communications signs long-term bandwidth contract with Turksat
Satellite data communications provider Avanti Communications has signed a long term bandwidth contract with Turkish communications satellite operator Turksat, it announced on Monday.
Adept4 warns on earnings after client terminates contract
Information technology service provider Adept4 has received notice of termination of a customer contract, it announced on Monday.
Intercede offloads property after change in strategy
Digital identity, credential management and secure mobility specialist Intercede announced on Monday that the sale of one of its UK properties completed on 5 April.
Jangada Mines nears completion of feasibility study at Pedra Branca
Natural resources company Jangada Mines, which is developing the Pedra Branca platinum and nickel project and the Ptombeiras West vanadium project updated the market on the bankable feasibility study currently underway at Pedra Branca, in north-eastern Brazil.
Frontier IP investee lands partnership with Bosch
Frontier IP Group on Monday confirmed that its portfolio company Pulsiv Solar has entered into an agreement with Robert Bosch Limited (Bosch UK) to optimise the design of its energy-efficient solar micro-inverter prototype.
Keywords Studios revenue and profits surge amid solid demand, acquisitions
Keywords Studios, which provides technical services to the games industry, posted a 65% jump in full-year profit on Monday as revenue surged thanks to acquisitions and solid demand, and it struck an upbeat note on the outlook.
Yourgene revenues beat estimates on solid international performance
Molecular diagnostics group Yourgene saw annual revenues exceed market expectations in its 2018 trading year, driven by a strong performance from its international arm.
MaxCyte launches new generation of cellular engineering instruments
MaxCyte on Monday launched its ExPERT technology platform, a family of instruments that are the next generation of its complex cellular engineering technology.
Aukett Swanke's net cash balance continues to improve
Architectural services outfit Aukett Swanke has seen its net cash position improve of late, with the group telling investors on Monday that it doesn't expect the progress to stop any time soon.
Scancell Holdings expands IP protection with Japanese patent
Scancell Holdings on Monday won a Japanese patent for its Moditope immunotherapy platform, which stimulates the production of cells that overcome the immune suppression induced by tumours.
Moneysupermarket risks not priced in, says Berenberg
Berenberg downgraded its stance on shares of Moneysupermarket to 'sell' from 'hold' on Monday as it argued that risks are not priced in and the stock's premium versus the FTSE 250 currently stands at nearly the highest level in five years, at abound 40%.
Volga Gas' profits leap after sales volumes improve
Volga Gas' shares climbed after the company said the construction of a new unit and higher annual sales volumes drove revenues and profits higher.
Indivior publishes new research on opioid use disorder
Indivior has published two pieces of clinical research supporting its treatments for opioid use disorder.
KCR Residential fully lets Southampton new build development
Real estate investment trust KCR Residential has fully let its Chapel Riverside new build development project in Southampton.
HML snaps up Cambridgeshire-based property manager
Property management and services firm HML Holdings acquired St Neots-based outfit Francis Butson & Associates for a total consideration of £570,000 on Monday.