Company News
Director dealings: Redx Pharma CEO ups stake
Redx Pharma revealed on Friday that chief executive Lisa Anson had acquired 399,000 ordinary shares in the AIM-listed clinical-stage biopharmaceutical firm.
Oxford Nanopore tech used in 'groundbreaking' telomere study
Oxford Nanopore took the wraps off a “groundbreaking” study using its technology on Friday, shedding light on the measurement of human telomeres - the protective caps at the ends of chromosomes crucial for genome integrity.
Premier African raises another £1m due to strong institutional interest
Premier African Minerals announced on Friday that it had raised a fresh £1m, due to strong institutional interest in its fundraising announced on 11 April.
Frontier IP appoints new finance chief
Intellectual property commercialisation specialist Frontier IP announced the appointment of Jo Stent as its new chief financial officer on Friday, effective from 22 April.
Directa Plus asphalt technology laid at Imola Circuit
Graphene nanoplatelet specialist Directa Plus announced on Friday that ‘GiPave’, an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.
Bens Creek shares fall as it moves mine into care and maintenance
Shares in North American metallurgical coal miner Bens Creek were sliding on Friday afternoon, after the company issued an update on its operations and working capital position, confirming that its West Virginia mine was moving into care and maintenance.
Premier Miton reports rise in assets under management
Premier Miton Group said in an update on Friday that as of 31 March, its assets under management totalled £10. 7bn, making for an increase from the £9. 8bn it recorded on 30 September.
JPMorgan Chase Q1 profits jump
JPMorgan Chase reported a 6% jump in first-quarter profit on Friday as net interest income rose.
Wells Fargo tops earnings forecast despite fall in net interest income
Wells Fargo surpassed Wall Street expectations for first-quarter earnings, it reported on Friday, despite a decrease in net interest income.
Tern raises £0.42m to invest in Wyld Networks
Specialist internet-of-things technology investor Tern announced on Friday that it hs raised £0. 42m before expenses, to invest in Wyld Networks.
Huddled Group buys Food Circle for £0.3m
E-commerce investor Huddled Group announced the acquisition of online retailer Food Circle Supermarket on Friday, for total consideration of up to £0. 3m.
R&Q Insurance shares plummet on weak guidance
R&Q Insurance, the AIM-listed non-life insurer, lost almost half of its market value on Friday after announcing it would report a "significant pre-tax loss" for last year.
FCA tells motor finance firms to maintain their funding levels
The Financial Conduct Authority (FCA) wrote to motor finance firms on Friday, stressing that they must maintain adequate financial resources at all times.
SigmaRoc delivers 'solid' Q1 performance
Limestone group SigmaRoc said on Friday that it had delivered a "solid Q1 performance", with underlying earnings in line with management expectations.
Petrofac in talks over finances as it seeks contract guarantees
Petrofac said in an update on Friday that negotiations over tis finances were ongoing, as it remained in discussions with its lenders to restructure its debt, aiming for a substantial portion of the debt to be converted into equity.
UAE’s ADNOC said to have recently considered BP takeover
The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.
Mercantile Investment Trust reports solid returns in tough conditions
UK equity investment firm Mercantile Investment Trust said managed to grow returns in the year to 31 January despite "a generally unsupportive environment".