News And Announcements
Agronomics investee Solar Foods raises EUR 8m
Cellular agriculture investor Agronomics announced on Friday that its portfolio company Solar Foods had raised an additional €8m through Finnish investment organiser Springvest.
Tekcapital's Innovative Eyewear enters deal with New Look Vision
Intellectual property investor Tekcapital announced on Friday that its investee Innovative Eyewear, the developer of ChatGPT-enabled smart eyewear under various brands, was launching its ‘Lucyd’ smart frames in 10 selected New Look Vision Group stores across Quebec and at New Look’s online store.
Aukett Swanke flags delays to some contracts
Smart buildings, architectural and design services specialist Aukett Swanke said in an update on Friday that, as outlined in its recent financial statements, it maintained a robust pipeline of interest, although a number of projects had been pushed back.
Anglo American rejects £31bn BHP offer as 'unattractive' for investors
Anglo American on Friday rejected an "opportunistic" £31bn bid from rival miner BHP, saying it significantly undervalued the company.
Thousands of UK firms fighting for survival - Begbies Traynor
More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.
TotalEnergies sees income drop on weaker gas prices
French energy major TotalEnergies reported a slide in quarterly income on Friday, after gas prices softened.
Sainsbury's kicks off £200m share buyback programme
Sainsbury’s kicked off its share buyback programme on Friday, having announced it on 7 February, aiming to repurchase up to £200m of shares by the end of the current financial year.
Record reports solid rise in assets under management
Specialist currency and asset manager Record said in a trading update on Friday that in the 2024 financial year, its assets under management equivalent (AUME) jumped 17% to $102. 2bn.
ITM Power inks strategic partnership with Hygen
ITM Power announced a strategic partnership with Hygen on Friday, designating it as the preferred supplier of proton exchange membrane (PEM) electrolysers for hydrogen projects in the UK and across Europe.
Pantheon net asset value expands 0.9pc in March
Pantheon International reported a 0. 9% month-on-month improvement in its unaudited net asset value per share in March on Friday, to 488. 1p, as its total net asset value stood at £2. 3bn.
Darktrace agrees to be bought by Thomas Bravo in $5bn deal
Darktrace announced on Friday that the newly-formed Thomas Bravo entity, Luke Bidco, had agreed to acquire it in an all-cash deal.
Gym Group enlists Savills to help with site selection
Low-cost gym operator the Gym Group announced on Friday that it has enlisted the expertise of Savills to assist in its site selection process, as it embarked on a strategic expansion plan.
Carnival concludes private offering, reprices senior notes
Carnival announced on Friday that it has concluded its private offering of €500m in 5. 75% senior unsecured notes, due 2030.
GCP Infra offloads Blackcraig Wind Farm assets for £31m
GCP Infrastructure Investments announced the successful disposed of its interest in loan notes secured against the Blackcraig Wind Farm in Dumfries and Galloway, Scotland on Friday.
Redde Northgate to change name to Zigup
Redde Northgate is seeking approval to change its name to Zigup, the mobility specialist confirmed on Friday.
Senior sales rise as aerospace strength offsets Flexonics weakness
Aerospace and defence components manufacturer Senior said on Friday that trading over the first quarter has been in line with expectations with strong growth in commercial aerospace, as it held on to guidance for the full year.
Pearson reports in-line Q1, reiterates full-year guidance
Pearson reported an in-line performance for the first quarter and reiterated its full-year guidance.
Quarterly profits slide at NatWest Group
First-quarter profits fell at NatWest Group, the banking group confirmed on Friday, although the decline was less than expected.
Southwest shares sink as airline reports airport exits, Q1 losses
Shares in Southwest Airlines plummeted on Thursday after the carrier announced plans to pull out of four airports to improve its financial performance, as it reported a wider-than-expected loss for the first quarter and trimmed its annual guidance.
Bristol Myers Squibb to cut 2,200 jobs as part of $1.5bn cost-savings drive
US drugmaker Bristol Myers Squibb on Thursday announced plans to cut its workforce by 6% as part of a $1. 5bn cost-savings programme, as it reported better-than-expected results for the first quarter.