News And Announcements
AFC Energy raises almost £1.1m via subscription
Alkaline fuel cell power company AFC Energy has raised £1. 066m before expenses by way of subscription for 22,214,584 ordinary shares at a price of 4. 8p each, it announced on Monday.
Deutsche Bank slashes rating on BT
Deutsche Bank has cut its rating on British Telecom, urging investors to sell the blue chip group.
Velocity Composites board changes disrupted by founders
Advanced composite material kit supplier Velocity Composites updated the market on its process to reconstitute the board on Monday, after a “disappointing” series of events instigated by the company’s founders.
Velocity Composites makes good progress despite board woes
Advanced composite material kits supplier Velocity Composites reported a 5. 3% improvement in revenue in its interim results on Monday, to £12. 2m.
Carrefour to sell 80% stake in Chinese business
Carrefour has agreed to sell an 80% stake in its China business to Chinese retailer Suning. com for €620m.
OptiBiotix Health signs North America manufacturing deal with Agropur
OptiBiotix Health has entered into a manufacturing, supply and distribution agreement with Agropur, it announced on Monday.
Civitas rental income soars following property acquisitions
Civitas Social Housing reported a jump in the value of its property portfolio on Monday, with the supported living and social housing real estate investment trust's rent roll climbing by 61% to £45. 7m after it acquired 177 properties during the year.