News And Announcements
Tekmar sells Subsea Innovation in £1.9m deal
Tekmar Group announced the sale of Subsea Innovation (SIL) to Unique Group on Friday, through its subsidiary Unique System UK, for a total cash consideration of £1. 9m.
Accrol agrees to final offer of £130.8m from Navigator Paper
Tissue maker Accrol Group said on Friday that it has agreed to be taken over by Navigator Paper after it made an improved and final offer that values the company at £130. 8m.
Trainline shares surge on profits, Labour plan to ditch app
Shares in online rail ticket platform Trainline surged on Friday as it reported better-than-expected revenue along with a sharp jump in annual sales and profits, driven by competition for passengers in Spain and Italy.
TGI Fridays owner Hostmore narrows FY losses
TGI Fridays owner Hostmore said on Friday that it had reduced its annual losses in a "transitional" year.
Polarean gets new polariser order from Cincinnati Children's
Polarean Imaging announced a new polariser order to replace the research polariser at Cincinnati Children's Hospital Medical Center on Friday.
Asda refinances £3.2bn of debt
Asda said on Friday that it has successfully refinanced more than £3. 2bn of its debt, pushing out the majority of its maturities into the next decade.
Europa Oil to decline any North Sea licence offer
Europa Oil & Gas said in an update on Friday that it received communication from the North Sea Transition Authority (NSTA) regarding its application for a licence as part of the 33rd UK Offshore Licensing Round.
Physiomics lowers forecasts amid contract delays
Therapeutics and medicine-focussed mathematical modelling and data science company Physiomics said in an update on Friday that, despite a robust pipeline of potential new business, it had experienced delays in signing several large contracts.
Duke Capital invests another £4m in BPVA Ireland
Duke Capital announced a follow-on investment of £4m into its existing capital partner, BPVA Ireland, on Friday.
Time Out opens its eighth market in Porto
Media and hospitality company Time Out Group announced the opening of Time Out Market Porto in Portugal on Friday.
Prospex Energy reports progress at Selva Malvezzi
Prospex Energy updated the market on the Selva Malvezzi production concession in Italy on Friday, following a first-quarter activity report from Po Valley Energy (PVE).
Societe Generale maintains targets after Q1 profit beat
Shares in French banking giant Société Générale surged on Friday after the company reiterated its full-year guidance despite a sharp drop in profits in the first quarter as it beat consensus estimates.
Angle strikes supplier deal with AstraZeneca
Liquid biopsy technology firm Angle has struck a supplier deal with pharmaceutical giant AstraZeneca to develop an androgen receptor detection assay to enhance prostate cancer studies.
Adriatic Metals announces resignation of CFO
Adriatic Metals, the FTSE 250 precious and base metals miner, has announced that its chief financial officer is stepping down after just two years on the job.
CMA set for deeper probe of Pennon's SES acquisition
Pennon Group worked to assure the market that its acquisition of Sutton and East Surrey Water (SES Water) would avoid a deeper competition probe on Friday, telling shareholders that it planned to offer “appropriate undertakings” to regulators.
Triple Point to sell part of portfolio after shareholder consultation
Triple Point Social Housing announced plans to sell part of its portfolio on Friday, following shareholder consultations.
Pollen Street announces positive first quarter
Pollen Street Group announced positive results in the quarter ended 31 March on Friday, highlighting significant fundraising success across both its private credit and private eEquity strategies.
Trainline says Labour has no plans to revive UK ticket app, website
Britain's opposition Labour Party has no plans to revive government plans to introduce a national rail ticket website and app if it wins the next General Election, online platform Trainline said on Friday.
Diageo replaces CFO after three years
Drinks group Diageo has announced that it is replacing its chief financial officer with the head of finance from Coca-Cola Europacific Partners, as it says goodbye to Lavanya Chandrashekar after three years on the board.
Warpaint London raises £31.5m in upsized placing
Warpaint London concluded an upsized placing of seven million shares on Friday, raising £31. 5m in a bid to broaden its shareholder base and position it for future growth.