Company News
Crest Nicholson moves to full shutdown
Maintaining operations in the wake of the Covid-19 pandemic has now become impractical, one of the UK's largest homebuilders said.
Director dealings: Invinity CEO picks up shares
Invinity Energy Systems revealed on Thursday that chief executive Lawrence Zulch had acquired 40,000 ordinary shares in the AIM-listed batteries manufacturer.
NMC Health placed in administration
Beleaguered Gulf hospital operator NMC Health was placed in administration on Thursday after one of its largest creditors took legal action.
West Derby project on track despite pandemic, says Dukemount
Dukemount Capital updated the market on the West Derby project in the north west of England on Thursday, reporting that it was still on schedule for completion in August.
Debenhams enters administration for the second time in a year
Ailing department store chain Debenhams officially filed for administration on Thursday, for the second time in a year.
Gama Aviation delays FY results, suspends guidance
Aviation service provider Gama Aviation delayed publication of its full-year results on Thursday and suspended its 2020-21 guidance as a result of the ongoing Covid-19 pandemic.
Arc Minerals agrees royalty deal with Golden Square
Arc Minerals has entered into a binding royalty agreement with Golden Square Equity Partners, it announced on Thursday, following the sale of its entire 99. 43% interest in Casa Mining to Golden Square for a consideration of up to $50m, as announced on 18 March.
Volvere posts decent set of results as it faces Covid crisis
Growth and turnaround investment specialist Volvere updated the market on its trading for the financial year ended 31 December on Thursday, saying it expected to report revenue from continuing operations of around £23m, up from £18. 3m, and an overall profit before tax of £3. 1m, stated after a profit arising from discontinued operations of £3. 1m, swinging from a loss of £2. 5m.
Bonhill Group raising £2.5m to fund it through the fourth quarter
Business-to-business media company Bonhill Group announced a proposed placing to raise a minimum of £2. 5m at 5p per share on Thursday.
Regional REIT confident in position after decent set of results
Regional REIT reported an EPRA total return of 43% since its initial public offering in November 2015 in its final results on Thursday, which represented annualised returns of 9% for shareholders.
EnQuest making cost savings amid low oil price environment
Petroleum exploration and production company EnQuest reported average group production of 68,606 barrels of oil equivalent per day (boepd) in its full-year results on Thursday, up 23. 7% on 2018.
Distil revenues grow in line with 'ambitious' forecasts
Drinks maker Distil said on Thursday that volumes and revenues had grown significantly in the three months ended 31 March, in line with the group's "ambitious" forecast.
Prudential executive directors take pay cut amid Covid-19 crisis
Prudential said on Thursday that its executive directors will take a pay cut due to the coronavirus pandemic.
Serabi Gold amends deal with Equinox amid Covid lockdown
Brazil-focussed gold mining and development company Serabi Gold has reached an agreement with Equinox Gold, it announced on Thursday, to extend the payment period for the final purchase instalment for the purchase of the Coringa gold project.
Greggs should have liquidity to withstand 'prolonged' closure
Greggs said on Thursday that it is eligible for the government’s coronavirus support scheme and should have sufficient liquidity to withstand a prolonged period of closure.
Warpaint London pulls dividend, withholds guidance
Cosmetics firm Warpaint London scrapped its dividend and guidance after a sales slump as a result of lockdowns caused by the Covid-19 pandemic.
APi Group posts decent set of final results
APi Group Corporation reported a 9. 8% improvement in combined net revenues in its final results on Thursday, to $4. 1bn.
Caledonia Mining reports decent rise in gold production
Caledonia Mining Corporation announced quarterly gold production from the Blanket Mine in Zimbabwe for the three months ended 31 March on Thursday, with a decent increase year-on-year.
Eurasia Mining confident in position amid coronavirus crisis
Palladium, platinum, rhodium, iridium and gold producing company Eurasia Mining updated the market on its operations on Thursday, as its shares remained suspended.
IMImobile raises £22m in pre-emptive strike to counter Covid-19 impact
Cloud software provider IMImobile said it had raised £22m in a pre-emptive move to counter any financial impact from the Covid-19 pandemic.