News And Announcements
Most Microlise customer systems back up after cybersecurity incident
Microlise Group provided a final update on Monday, on the cybersecurity incident first disclosed on 31 October.
ValiRx subsidiary makes first sale
ValiRx, a life science company focussed on early-stage cancer therapeutics and women's health, announced the first sale from its wholly-owned subsidiary Inaphaea BioLabs on Monday.
Powerhouse Energy division awarded Australian FEED contract
Powerhouse Energy announced on Monday that its engineering consultancy division Engsolve has been awarded a £0. 35m front-end engineering design (FEED) contract by National Hydrogen for a project in Western Australia.
Greatland Gold positive after 'transformative' year
Greatland Gold reported a ‘pivotal period’ in its final results on Monday, driven by the acquisition of the Havieron gold-copper project and Telfer gold-copper mine from Newmont Corporation.
Boku launches buyback of up to four million shares
Payment technology specialist Boku announced the start of a share buyback programme on Monday, involving the repurchase of up to four million shares, representing about 1. 31% of its issued common stock.
Shein planning £50bn London listing early next year - reports
Singapore-domiciled Chinese fast fashion giant Shein is preparing for a highly anticipated initial public offering on the London Stock Exchange in early 2025, it was reported on Monday, targeting a valuation of £50bn.
B&M to issue £250m in senior secured notes
B&M European Value Retail announced plans to issue £250m in sterling-denominated senior secured notes on Monday, due 2031, to repay its existing senior secured notes maturing in 2025.
Sirius Real Estate upbeat after first half
Sirius Real Estate reported a 14. 5% rise in funds from operations (FFO) to €60. 7m in its half-year results on Monday, supported by a strong operational performance.
Segro offer for Tritax EuroBox lapses
Segro confirmed on Monday that its all-share offer to acquire Tritax EuroBox has lapsed after failing to meet key conditions by the specified deadline.
Polar Capital reports solid first half
Polar Capital reported a strong first-half financial performance on Monday, driven by a 4% increase in assets under management (AuM) to £22. 7bn, up from £21. 9bn at the end of March.
Boohoo raises £40m amid ongoing spat with Mike Ashley
Troubled fast-fashion retailer Boohoo on Monday confirmed it had managed to raise around £40m in funding to bolster its balance sheet amid a row with major shareholder, Mike Ashley's Frasers Group.
IP Group's AMSL Aero electric aircraft hails maiden flight
Australia’s AMSL Aero, a portfolio company of UK science and innovation investor IP Group, on Monday said its Vertiia electric vertical take-off and landing aircraft (eVTOL) had completed its first untethered flights.
Melrose shares take off as aftermarket work boosts revenues
Shares in Melrose spiked on Monday as the UK aerospace company reported a rise in revenues driven by aftermarket demand in its engines division, particularly in defence.
HSBC to sack hundreds of managers in shake-up - report
HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm’s newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
Supermarket Income REIT acquires Sainsbury's in Huddersfield
Supermarket Income REIT has acquired a Sainsbury's omnichannel supermarket in Huddersfield for £49. 7m, it announced on Monday, representing a net initial yield of 7. 6%.
Petrofac extends forbearance deal on senior secured notes
Petrofac announced an extension of its forbearance agreement regarding the non-payment of interest coupons on its senior secured notes on Monday.
Cerillion beats forecasts with double-digit profit growth
Software group Cerillion delivered an impressive set of annual results on Monday, with double-digit growth across the board nd record profits supporting a 17% increase in its total dividend.
IQE launches strategic review as FY revenues set to be flat
IQE said on Monday that it was launching a strategic review of its assets and considering a sale of its Taiwanese division, as it warned that revenue for the full year was set to be flat amid "weak" consumer demand in end markets.
FDM says full year to be in line with expectations
FDM Group said on Monday that its full-year performance was set to be in line with its expectations, despite continuing market uncertainty.
Begbies Traynor delivers 'strong financial performance' in H1
Corporate restructuring firm Begbies Traynor said on Monday that it had delivered a "strong financial performance" throughout H1, with double-digit revenue and profit growth.