News And Announcements
Kibo Energy settles outstanding director, management fees
Renewable energy-focussed development company Kibo Energy has settled outstanding fees owed to directors and management, it announced on Friday, by the issue of a 7% convertible loan note redeemable instrument.
Air Partner set to end year 'materially ahead' of expectations
Aviation service provider Air Partner issued a further positive update on trading for the year about to end on Friday, reporting that as a result of continued strong customer demand through December, it now expected underlying profit before tax for the year ending 31 January to be “materially ahead” of market expectations.
Argo Blockchain reports bumper month of crypto mining
Cryptocurrency miner Argo Blockchain updated the market on its operations in December, reporting that it mined 214 Bitcoin and Bitcoin equivalent (BTC) during the month, up from 185 BTC in November.
Gemfields sale of SPM holdings simplified by Ivy Lane 'unbundling'
Gemfields updated the market on the proposed sale of its interest in Sedibelo Platinum Mines (SPM) on Friday, confirming the ‘unbundling’ of Ivy Lane’s shareholding.
CMA clears Admiral Taverns acquisition of Hawthorn pub business
The Competition and Markets Authority has cleared Admiral Taverns' takeover of the Hawthorn pub business.
Sainsbury's exercises second option to buy Supermarket Income JV properties
Grocery property investor Supermarket Income REIT updated the market on its 50-50 joint venture with British Airways Pension Trustees on Friday.
AdvancedAdvT reveals its potential bid for M&C Saatchi
More details emerged on the potential takeover of communications agency M&C Saatchi on Friday, with AdvancedAdvT announcing its interest in exploring a share exchange merger in a regulatory update.
Red Rock reports 'extremely encouraging' drilling results from Mikei
Gold and base metals-focussed development company Red Rock Resources reported the results of the first batch of 950 samples from the recently-completed first phase of reverse circulation drilling in the mid KKM prospect on Friday, at the Mikei Gold Project in Kenya.
PetroNeft agrees extension to convertible loan facility
Russia-focussed oil and gas explorer and producer PetroNeft updated the market on its financing on Friday, announcing an extension to the remaining balance on its convertible loan facility.
Ceres Power confirms starts for new finance chief, company secretary
Fuel cell and electrochemical technology company Ceres Power announced on Friday its newly-appointed chief financial officer Eric Lakin would be joining the company on 10 January.
Clarkson raises profits guidance again to at least £69m
Shipping broker Clarksons lifted annual profit guidance for the second time in a month after stronger than anticipated trading in December.
Lookers set to beat expectations on 2021 profit before tax
Vehicle retailer and service provider Lookers said in a trading update on Friday that it expected underlying profit before tax for the year just ended to be ahead of the market consensus of £82m.
Essentra reports strong fourth quarter as review of divisions continues
Essentra reported a strong overall fourth quarter performance in a trading update on Friday, with revenue increasing 12. 7% year-on-year on a like-for-like basis, and by 11. 1% when compared to the pre-pandemic fourth quarter of 2019.
Segro taps Dunelm's Harrison for chairman role
Real estate investment trust Segro has tapped Andy Harrison to succeed Gerald Corbett as chairman, effective from 30 June.
Shell to proceed with share buyback 'at pace' despite weaker oil performance
Royal Dutch Shell said its $7bn share buyback programme would continue "at pace" despite weaker oil product sales due to the Omicron Covid variant and forex headwinds in Turkey.
Aston Martin dealer sales up 82%
Aston Martin on Friday said sales to dealers surged 82% in 2021 on the back of sales of its DBX sports utility model.
C&C Group H2 trading 'significantly impacted' by renewed restrictions in the UK and Ireland
Premium drinks company C&C Group said on Friday that its second-half trading performance had been "significantly impacted" by renewed government restrictions across the UK and Ireland, leading the firm to reassess its full-year operating profit guidance.
AstraZeneca strikes collaboration and license agreement with Neurimmune
Drugmaker AstraZeneca's Alexion rare diseases unit has inked an exclusive collaboration and license agreement with Neurimmune that will see the pair develop and commercialise NI006, an investigational human monoclonal antibody for the treatment of transthyretin amyloid cardiomyopathy.