News And Announcements
Agronomics investee EVERY closes $128m series C round
Lab-grown meat and cellular agriculture investor Agronomics announced on Wednesday that its portfolio company EVERY had closed an oversubscribed $127. 5m series C round, raising a total of $175m.
Braveheart investee makes progress on three medical tests
Braveheart Investment Group updated the market on its portfolio company Paraytec on Wednesday, and its tests for Covid-19, sepsis and bladder cancer.
Pantheon completes 'significantly oversubscribed' $41m fundraise
Alaska-focussed oil and gas company Pantheon Resources said on Wednesday that its equity fundraise was “significantly oversubscribed” and, having taken into account the strong support from existing and new investors, it had decided to increase its size to $38m.
Zephyr Energy progresses production testing at Paradox Basin
Rocky Mountains-focussed oil and gas company Zephyr Energy updated the market on the production testing of the State 16-2LN-CC well at its Paradox Basin project in Utah on Wednesday.
Tesco strike threat recedes after improved offer
A strike that could have left Tesco shelves empty over Christmas appears to have been averted after the supermarket chain made an improved offer to its distribution workers.
Pound sinks as UK plans Covid-19 restrictions
The pound dropped to its lowest level for more more than a year after the UK government was reported to be preparing fresh Covid-19 restrictions.
Rockhopper agrees Harbour exit, Navitas farm-in
Rockhopper Exploration announced on Wednesday that it has signed detailed heads of terms with Harbour Energy and Navitas Petroleum for Harbour to exit the Falklands, and for Navitas to farm-in.
Blackbird raises £8m to develop technology offering
Video technology company Blackbird announced a placing to raise £8m on Wednesday, to develop its technology offering, grow its teams, expand its patent portfolio, and conduct market research.
Baron Oil reports 'encouraging indications' from 3D reprocessing
Baron Oil updated the market on its offshore Timor-Leste Chuditch production sharing contract (PSC) on Wednesday, reporting that its local subsidiary SundaGas, which holds a 75% operating interest in Chuditch, had received interim products from seismic reprocessing.
Hargreaves Services flags 'strong' interim results after coal trading disposal
Industrial and property service provider Hargreaves Services said on Wednesday that it was expecting “strong” interim results, as all of its business segments traded in line with expectations.
Weibo shares fall on Hong Kong debut
Shares in Weibo fell on Wednesday as trading in the Chinese tech giant got underway in Hong Kong.
Profits hit record hight at commodity trader Trafigura
Global commodity trader Trafigura reported record results on Wednesday, including annual revenues of more than $231bn, as it benefited from soaring oil and gas prices.
Red Rock Resources makes solid progress at Kenya's Mikei project
Gold, manganese and copper company Red Rock Resources updated the market on its exploration programmes at the Mikei Gold Project (MGP) in Kenya on Wednesday, reporting that 1,744 metres of reverse circulation drilling had so far been completed at the KKM Central prospect.
Randall & Quilter fee income surges 138pc in first nine months
Non-life insurance specialist Randall & Quilter updated the market on the performance of its programme management business for the first nine months of the year on Wednesday, reporting an 81% increase in gross written premiums to $714m.
TUI lowers winter capacity forecasts, but sees rebound in summer 2022
Travel company TUI lowered winter capacity plans due to the emergence of the Omicron coronavirus variant as it reported its first quarterly profit since the start of the pandemic.
Cappuccino crunch looms as coffee hits decade high
With inflation already on the rise, the cost of a cappuccino or espresso is set to increase after coffee prices hit a 10-year high.
Blue Prism on track to recommend SS&C offer over final bid from Vista
Blue Prism updated the market on the status of the cash offers for the company on Wednesday, confirming that the previously-increased offer from Vista Equity Partners was now final, and as such the higher offer from SS&C Technologies would be recommended.
McColl's sales grow above pre-Covid levels despite supply crunch
Convenience retailer McColl’s said in a trading update on Wednesday that total revenue for the financial year just ended had declined 11. 2% to £1. 11bn.
Amala Foods raises £310,000 in funding
Amala Foods has raised £310,000 in equity and loans to fund its plant-based products into the middle of 2022.
Quiz sees sales surge but warns Omicron could dent festive demand
Quiz reported a surge in sales on Wednesday but warned that the crucial festive trading season could be hit by concerns about the Omicron variant.