Company News
Faroe Petroleum issues $100m senior, unsecured bond in Nordic bond market
The independent oil and gas company, Faroe Petroleum, announced on Tuesday the issue of a $100m senior, unsecured bond in the Nordic bond market, in an attempt to strengthen the company's balance sheet.
Improved Asia-Pacific trading puts Spirax-Sarco in line with full-year targets
Industrial engineer Spirax-Sarco stayed on track to hit full-year expectations as sales in the four months leading to 31 October were boosted by growth in Asia Pacific, though offered limited visibility for 2018 due to the usual short-term nature of its order book.
ProAxis expects increased sales of its antibody drug ProteaseTag
NetScientific, the transatlantic healthcare IP commercialisation group, has today announced that ProAxsis, its portfolio company in which it holds a 57% stake, is forecasting higher direct sales of its ProteaseTag Active Neutrophil Elastase Immunoassay.
Entertainment One jumps on exponential top-line growth from PJ Masks
Entertaintment One posted a sharp rise in first half profits as its Peppa Pig franchise continued to deliver and on the back of the exponential growth in sales from its PJ Masks kids show.
Vela disposes of 10,200 common shares in BTL Group
The board of Vela said Tuesday the company had disposed of 10,200 common shares in BTL Group, a firm which develops and invests in block-chain technology, at a price of C$7. 10 per share, on 20 November 2017, generating proceeds of C$72,420 for the outfit.
GYG pushes expectations into next year after job delays
Superyacht painting, supply and maintenance company GYG has experienced a number of small delays on the start dates of some refit contracts, it announced in a trading update on Tuesday, adding that while work on those contracts has now started, a greater portion of the work would now be undertaken in the first quarter of 2018.
XLMedia lifts earnings expectations amid strong trading
XLMedia has continued to trade strongly since the half year, it reported in a trading update on Tuesday, and now expects adjusted EBITDA for the year to 31 December to be “materially ahead” of expectations.
Sports Direct secures new, increased loan facility
Retailer Sports Direct said on Tuesday that it has entered into a new revolving credit facility which replaces its existing facility and is valid for four years, with an option to extend by a year.
CML Microsystems's profits on the rise
Semiconductor manufacturer CML Microsystems saw pre-tax profits rise 19% in the six months leading to 30 September, leading the group to a maiden interim dividend of 2. 0p per ordinary share.
New acquisitions boost profits at Custodian
Real estate investment trust Custodian saw a 4. 2% increase in its net asset value (NAV) over the six months leading to 30 September, as new acquisitions boosted the value of its portfolio to £474. 3m.
Petro Matad reaches drilling rig agreement with Sinopec
Mongolia-focussed oil explorer Petro Matad has successfully concluded negotiations with Sinopec on a contract amendment for use of its drilling rig in the 2018 drilling campaign, it announced on Tuesday.
Strix surpasses two billion product sales milestone
Kettle safety control designer, manufacturer and supplier Strix announced on Tuesday that it has achieved a “significant milestone”, having surpassed the sale of two billion products worldwide.
Wednesday preview: Budget, OBR forecasts, results from UU, SSP, Sage
Chancellor Philip Hammond's Budget will dominate the UK headlines on Wednesday, with a moderately busy corporate diary not including results from United Utilities, Thomas Cook, Sage and SSP.
Altus Strategies reaches combination agreement with Legend Gold
Africa-focussed exploration project generator Altus Strategies announced on Tuesday that, further to its update on 11 October, it has executed a definitive binding arrangement agreement with Legend Gold Corporation.
Mediapolis saga continues as Clear Leisure appeals latest court ruling
The ongoing legal saga of Clear Leisure and its Mediapolis asset took a fresh turn on Tuesday, as the company confirmed both itself and its Mediapolis subsidiary have appealed the recent judgement of the Ivrea Court in the Appeal Court of Turin.
Derwent London secures planning permission for two West End projects
Derwent London has secured planning permission from the City of Westminster for two projects totalling 443,000 square feet.
Atlantis agrees riverbed lease to develop Wyre tidal project
Atlantis has signed a deal with the Duchy of Lancaster over an option for a long-term riverbed lease to allow the company to develop the Wyre estuary tidal barrage and flood protection project.
Helios Underwriting acquires small Lloyd's player Chapman
Helios Underwriting announced on Tuesday that, in line with its strategy of increasing underwriting capacity through acquisition, and following approval of change of control by Lloyd's of London, it has acquired Chapman Underwriting.
Empresaria lowers profit expectations, still anticipates record year
International specialist staffing group Empresaria updated the market on its trading on Tuesday, reporting that the second half adjusted profit before tax is expected to be ahead of both the first half and the prior year.
De La Rue revenue rises as currency business performs well
Banknote manufacturer De La Rue reported a rise in first-half revenues and profit on Tuesday on the back of strong growth in the currency business.