Company News
Cineworld said to be leaning towards CVA
The owners of Cineworld are reportedly leaning towards putting its British operations through a formal restructuring process after holding initial talks about a sale with prospective buyers.
Director dealings: Odyssean non-exec invests, Vertu CEO's wife sells shares
Among the director dealings disclosed to the market on Friday were two involving Odyssean Investment Trust and Vertu Motors.
Ethernity secures $1.05m licence agreement
Data processing semiconductor technology specialist Ethernity Networks announced on Friday that it had secured a $1. 05m licence agreement with a new tier one US-based aerospace system products provider.
Mirriad flags weaker first-half revenue
Virtual product placement and in-content advertising specialist Mirriad said in an update on Friday that it expected revenue for the first half to be around £0. 4m, down from £0. 59m in the first six months of the 2023 financial year.
European drugs body backs Moderna jab
Europe’s drug regulator has backed Moderna’s novel vaccine for respiratory syncytial virus, the US pharmaceutical firm announced on Friday.
UK banking customers hit by pay day IT glitches
A raft of UK banking customers were hit with payment delays on Friday, after a number of high street lenders suffered IT glitches.
MediaZest reports improvement in first-half revenue, losses
Creative audio-visual specialist MediaZest reported a significant improvement in both revenue and its losses in its first-half results on Friday.
Nokia buys US firm Infinera to bolster optical networks
Shares in California-based network connectivity solutions group Infinera were surging ahead of the opening bell on Friday after Finnish telecoms giant Nokia agreed to pay $2. 3bn to take over the company in a bid to increase its scale in optical networks.
Symphony reports consistent trading as it works to accelerate projects
Symphony Environmental Technologies said in an update on Friday that its trading remained consistent with recent statements.
IWG restructures debt ahead of first-half results
Workspace provider International Workplace Group (IWG) announced the issue of its first euro investment-grade bond on Friday, reinforcing its capital structure ahead of its first-half results on 6 August.
Active Energy announces delay in 2023 accounts
Biomass-based renewable energy company Active Energy announced a delay in finalising its annual accounts for the 2023 financial year on Friday.
Anglesey Mining raising £0.42m to fund ongoing work
Anglesey Mining announced plans to raise approximately £0. 415m on Friday, through a proposed placing and subscription, to help fund its work at Parys Mountain and Grangesberg.
Nightcap to delist from AIM; FY underlying profits to miss expectations
Bar owner Nightcap said on Friday that it plans to delist its shares from the London Stock Exchange, as it cautioned that underlying profits would be below current market expectations.
Keywords Studios gets sweetened takeover proposal from EQT
Keywords Studios said on Friday that it had received a sweetened £1. 96bn takeover proposal from private equity firm EQT Group that it would be minded to recommend if a firm offer was made.
MusicMagpie banks on Black Friday after "challenging" first half
Shares in MusicMagpie tumbled on Friday after a "challenging" market weighed heavily on revenues and earnings.
Fintel agrees to acquire Threesixty from Abrdn
Retail fintech and support service provider Fintel announced a conditional agreement to acquire Threesixty Services on Friday.
Tavistock Investments confirms talks with Saltus
AIM-listed financial services firm Tavistock Investments confirmed on Friday that it is considering a number of potential transactions, including a possible disposal of part of its business to Saltus, a financial planning and investment management services group.
Devolver Digital trading in line with market expectations
Devolver Digital updated the market on its financial performance for 2024 on Friday.
Amaroq gets approval for Nalunaq environmental, social assessments
Southern Greenland-focussed mine developer Amaroq Minerals announced the approval of the environmental impact assessment (EIA) and social impact assessment (SIA) for its Nalunaq project on Friday, by the government of Greenland.
HSBC UK customers unable to access online banking
Thousands of HSBC customers in the UK were unable to access their accounts online or via phone on Friday as the bank’s system crashed.