Company News
Director dealings: Bank of Georgia non-exec linked to £3.7m of sales
Bank of Georgia was at the top of the list of director sells on Friday, after an entity linked to an independent non-executive director made two separate transactions.
Premier African Minerals raises another £0.61m through placing
Premier African Minerals announced a further placing to raise £0. 61m before expenses on Friday, for the ongoing Zulu lithium and tantalum project’s pilot plant optimisation.
C&C slumps as CEO steps down after €25m hit from MCB unit
Drinks company C&C Group said chief executive David Forde had decided to step down as it also announced a €25m hit from problems implementing a system upgrade in its Matthew Clark and Bibendum (MCB) businesses in the UK.
Genedrive jumps on draft NICE testing guidance
Point-of-care molecular diagnostics company Genedrive announced on Friday that the UK's National Institute for Health and Care Excellence (NICE) has issued draft guidance recommending the use of CYP2C19 genotyping before administering clopidogrel in the management of ischemic stroke (IS) patients.
IQE raises £31.1m through placing, retail offer
Semiconductor wafer specialist IQE confirmed the issue of new shares on Friday, as part of its placing and retail offer.
iEnergizer launching matched bargain facility on next week's delisting
Business process outsourcing specialist iEnergizer confirmed on Friday that the last day of dealings in its shares on AIM would be 24 May.
Morgan Stanley CEO Gorman to step down in the next year
Morgan Stanley’s chief executive officer announced on Friday that he will be stepping down in the next year.
Jadestone signs new $200m reserves-based facility
Asia-Pacific focussed independent oil and gas producer Jadestone Energy announced the signing of a new reserves-based lending (RBL) facility worth $200m on Friday.
Foot Locker slashes FY guidance, shares tumble
Foot Locker shares tumbled on Friday after the retailer cut its annual sales and profit guidance as it reported a drop in first-quarter sales and net income.
Venture Life co-founder Sharon Daly stepping down
Personal care products maker Venture Life announced the departure of Sharon Daly from the company on Friday, effective 3 August.
Alphawave CFO resigns as audited results are released
Alphawave's chief financial officer Daniel Aharoni resigned with immediate effect on Thursday, as the company released its audited 2022 results, which showed notable differences from the preliminary figures previously reported.
Tesco chair John Allan to step down in June amid misconduct allegations
Tesco announced on Friday that chair John Allan will step down at the company’s annual general meeting on 16 June, as the supermarket chain said recent allegations of misconduct "risk becoming a distraction".
ShoreCap puts C&C Group under review after CEO departs, €25m hit
Analysts at Shore Capital have put their 'buy' recommendation on Magners cider maker C&C Group under review after the company announced the departure of its CEO and a €25m hit from problems implementing a software upgrade at its Matthew Clark and Bibendum (MCB) unit.
Velocys raises £6m for manufacturing scale-up, Ohio facility
Sustainable fuels technology company Velocys successfully raised £6m in a placing and retail offer on Friday, to be used on the scale-up of manufacturing and the commissioning of its Ohio facility.
Network International suitor Brookfield given until June to make firm offer
Brookfield Asset Management has been given until next month to make an offer for Network International, it was confirmed on Friday, as talks about a potential £2. 1bn deal continue.
Titon warns of weakness after first-half losses widen
Window, door and ventilation hardware maker Titon reported a 5. 2% increase in first-half net revenue to £12. 08m on Friday, driven by stronger trading in the UK and Europe, slightly surpassing the board's expectations.
Government to invest £1bn in UK chip sector
The government is to invest up to £1bn in British semiconductor firms over the next decade, it was announced on Friday, as it looks to strengthen the domestic industry.
Europa Metals announces first assay results from Toral drilling
Lead, zinc and silver developer Europa Metals announced the first assay results from its ongoing infill diamond drilling programme at the Toral project on Friday.
Annual profits jump at Knights Group
Knights Group reported a jump in full-year numbers on Friday, causing the shares to spark.
Unbound hoists for sale sign, shares slump
Shares in Unbound Group plunged on Friday, after the beleaguered retailer put itself up for sale.