News And Announcements
Qinetiq tumbles after warning over possible guidance downgrade
Qinetiq shares tumbled on Thursday after the defence technology company warned that technical and supply chain issues on a large complex programme could lead to a one-off write down to its short-term guidance.
Invinity energises first phase battery cluster at Energy Superhub Oxford
Vanadium-flow battery technology company Invinity Energy Systems announced on Thursday that the 1. 7 MWh first phase of the flow battery at the Energy Superhub Oxford (ESO) project was now installed and energised.
Tertiary upbeat on extensions to North Ruth silver
Tertiary Minerals updated the market on its Pyramid silver-gold Project in Nevada on Thursday, where analytical results from its recently-completed second phase trenching had extended the strike and width of recently-discovered silver mineralisation at North Ruth.
Trinity maintains production as it prepares for further development
Trinidad and Tobago-focussed exploration and production company Trinity reported average production volumes of 3,018 barrels of oil per day in its third quarter on Thursday.
Essensys renews and expands partnership with biggest customer
Workspace software and technology company Essensys announced on Thursday that it has renewed its partnership with its largest and fastest-growing customer Industrious.
Directa Plus gets another recovery loan from Italian government
Graphene nanoplatelet technology company Directa Plus announced on Thursday that its Italian subsidiary Directa Plus S. p. A has qualified for an additional €0. 5m loan under the Italian government's Covid-19 Recovery Plan.
New patents filed to protect Poolbeg disease prediction platform
Clinical-stage infectious disease pharmaceutical company Poolbeg Pharma updated the market on new patent filings for its ‘PredictViral’ platform - which estimates disease severity and contagiousness in people who are recently infected with a respiratory virus - on Thursday.
Xtract reports solid gold production at Manica Concession
Xtract Resources reported total mining contractor gold production of 49. 34 kilograms at the Manica Concession for the September quarter on Thursday, equivalent to 1,586 ounces.
Polar Capital managed assets grow as it launches new funds
Specialist asset manager Polar Capital reported assets under management of £23. 4bn as at 30 September on Thursday, up 12% from the £20. 9bn it recorded at the end of March.
Brooks Macdonald ends Q1 with record funds under management
Brooks Macdonald Group said on Thursday that total group funds under management at the end of its first quarter reached a record £16. 8bn, making for 2. 2% quarter-on-quarter growth.
Morgan Stanley third-quarter results beat expectations
Morgan Stanley’s third-quarter results beat expectations on Thursday as it posted record revenues for the investment banking business.
Capital & Regional to raise £30m as part of mall debt restructure
Convenience-focussed commercial property investor Capital & Regional said on Thursday that it has agreed with its lenders to restructure and reduce the debt secured over its four mall assets, including the launch of a fully underwritten open offer to raise £30m.
Sabre Insurance to end year below forecasts in softer market
Motor insurance underwriter Sabre Insurance Group reported gross written premiums of £126. 7m for the first nine months of the year on Thursday, down from £139. 2m year-on-year, as it flagged that full-year profit before tax would come in “moderately below” expectations.
Purplebricks CFO Andy Botha to step down
Online estate agent Purplebricks said on Thursday that chief financial officer Andy Botha will step down at the end of the month.
Rank Q1 revenues rise as punters return to venues
Bingo hall and casino operator Rank on Thursday reported higher first-quarter revenue as punters returned to its venues after the lifting of Covid-19 restrictions.
Dunelm Q1 sales rise on summer sales but sees supply, cost pressure
Homewares retailer Dunelm reported a rise in first quarter sales, but cautioned that supply-chain and inflationary pressures made the future outlook uncertain as it maintained full-year guidance.
Marshall Motor buys Motorline for £64.5m
Automotive retail group Marshall Motor has announced the acquisition of Motorline for £64. 5m in cash.
Ashmore AUM slips in Q1
Asset manager Ashmore Group said on Thursday that assets under management slipped in the three months ended 30 September.
Rathbone Brothers sees rise in funds under management
Wealth manager Rathbone Brothers reported a rise in funds under management and administration in the first nine months of 2021, with positive net organic inflows in the third quarter.
Big Yellow increases debt facilities by £100m
Big Yellow Group announced a £100m increase in its loan facilities with Aviva and M&G on Tuesday, securing an additional £50m, seven-year debt facility with Aviva.