Company news

BMR to give expected costings of Kabwe

BMR Group will release information concerning the peer reviewed expected costings, operating capacity and the timing of the construction of the Kabwe pilot plant tomorrow (1 June). At 9:27am: (LON:BMR) Berkeley Mineral Resources PLC share price was 0p at 4.25p Story provided by

Globalworth financing deal with CPPIB and Cairn Capital

Globalworth Real Estate Investments has signed a three-year EUR180 million secured bond transaction fully subscribed by Canada Pension Plan Investment Board, through its wholly owned subsidiary, CPPIB Credit Investments Inc, and funds managed by Cairn Capital. Cairn Capital has acted as arranger for the bond issue. The proceeds will go towards refinancing the EUR100m corporate […]

Dignity to acquire five crematoria

Dignity has agreed to acquire five crematoria currently operated by Funeral Services Limited (trading as Co-op Funeralcare) for GBP43 million in cash. These crematoria are located in markets not served by existing Dignity crematoria. Of the crematoria acquired, three locations are freehold (Glasgow, Sheffield and Lichfield), with the other two leased from and managed on […]

Fitch affirms Egypt at 'B'

Fitch Ratings has affirmed Egypt’s long-term foreign and local currency issuer default ratings at ‘B’ with a stable outlook. The issue ratings on Egypt’s senior unsecured foreign and local currency bonds have also been affirmed at ‘B’. The country ceiling has been affirmed at ‘B’ and the short-term Foreign-currency IDR at ‘B’. Story provided by […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was GBP19.1397 at the close of business on 30 May. The estimated NAV of its euro shares was EUR21.8948. At 8:32am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1515p Story provided by

Avation delivers Airbus to Vietjet

Avation has completed the delivery of a factory new Airbus A321-200 aircraft to Vietjet, the leading domestic and international new-age carrier of Vietnam. Avation said the long term operating lease terms are typical for an aircraft of this type. The company has secured an asset backed senior debt facility with an existing banker to support […]

AEW UK REIT acquires two mixed use assets

AEW UK REIT has acquired two mixed use assets in Nottingham and Blackpool for a total of GBP13.2m, net of acquisition costs. With these two acquisitions the company has now fully invested its equity capital and is geared to 20% of gross asset value, in line with its investment strategy. Nottingham, acquired for £8.15m, is […]

First Quantum completes refinancing

First Quantum Minerals has completed a new term loan and revolving credit facility with its core relationship banks. This new Facility replaces the existing $3 billion facility. The new $1.815 billion facility comprises a $907.5 million term loan, and a $907.5 million revolving credit, maturing in December 2019. The new facility includes revised financial covenants […]

Global Invacom selects MaxLinear's channels

MaxLinear Inc – a leading provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications – has announced that Global Invacom Group has started shipments of its new FibreIRS digital channel stacking gateway termination unit (dSCR GTU), which uses MaxLinear technology, to a major European satellite operator. Global Invacom, a […]

Empiric acquires second portfolio in Leicester

Empiric Student Property has acquired the freeholds of three operational, direct-let, premium student accommodation properties in Leicester, comprising a total of 106 beds, for a consideration of GBP8.8 million (excluding acquisition costs). Bede Park (completed in 2012) is a conversion of a 1900s two storey industrial unit, with a further two floors added. The property […]

Alliance Trust confirms approach by RIT

Alliance Trust has confirmed it has received an approach from RIT Capital Partners. Alliance Trust says no detailed terms have been provided by RIT with regard to the proposal or in respect of the company’s two principal operating subsidiaries. Alliance Trust says the board will incorporate any formal merger proposal into its strategic review, alongside […]

ICG invests EUR144m to build new cruise ferry

Irish Continental Group has entered into an agreement, with the German company Flensburger Schiffbau-Gesselschaft & Co.KG to build a cruise ferry for ICG at a contract price of EUR144 million. The cruise ferry will accommodate 1,885 passengers and crew, with 435 cabins and with capacity for 2,800 lane metres of freight (165 freight vehicles) plus […]

DCD Media to cut jobs in production division

DCD Media is cutting jobs in its production division as it reduces activities following a poor uptake in commissions. DCD Media will focus on its two key franchises, September Films’ ‘Penn and Teller: Fool Us in Vegas’ currently delivering season two to the CW Network in America, and Rize USA’s ‘Got What it Takes?’, produced […]

Mining Roundup

Edenville Energy (LON:EDL) has set up a new subsidiary – Edenville Power Tanzania Ltd – to advance the Rukwa coal to power project in south-west Tanzania. Edenville also says the project concept note for the power plant has been accepted by Tanesco and the environmental impact assessment registration application and project brief for the power […]

Randall & Quilter schedules AGM

Randall & Quilter Investment Holdings has confirmed that its annual general meeting will be held at 71 Fenchurch Street, Ground Floor, London, EC3R 4BS, on 22 June at 11 a.m. At 3:38pm: (LON:RQIH) Randall Quilter Investment Holdings PLC share price was 0p at 106.5p Story provided by

Edison research update on Angle

Edison has issued a research update on Angle. It says: “Angle has raised GBP9.6m (net) via a private placing. This supports Angle’s focus on commercialising Parsortix, with the funds being applied to a range of clinical studies to demonstrate utility of the Parsortix system. Additionally, Angle announced that Cancer Research UK Manchester Institute is adopting […]

Petropavlovsk update on disposal

Petropavlovsk announced on 29 April that it intended to sell its 49% interest in ZAO Verkhnetisskaya Ore Mining Co to an entity associated with the Yuzhuralzoloto group. Petropavlovsk says final documentaiton has now been signed with 25% being acquired by OOO Sovrudnik, a company associated with Yuzhuralzoloto and 24% to a non-connected individual, Elena Grigorieva. […]

Flowgroup FiT fight

Flowgroup has described plans by the Department of Energy and Climate Change to put a cap on units under the mCHP feed-in-tariffs scheme as ‘disappointing’ and pledged to challenge them vigorously. Flowgroup says a consultation document published yesterday by the DECC includes a review of the support for feed-in-tariffs for mCHP. In August, DECC indicated […]

V22 sells 50% of option

V22 – which, a part of a lease agreement on a building in South Bermondsey accrued an interest entitling it to an option to acquire 30% of the freehold interest – has sold 50% of its option for GBP 225,000 in cash. Of the consideration GBP150,000 has already been received by the Company and the […]

Avingtrans completes sale of aerospace division

Avingtrans has completed the sale of its aerospace division to Anthony Bidco Limited a company controlled by funds managed by Silverfleet Capital Partners LLP. At 2:16pm: (LON:AVG) Avingtrans PLC share price was 0p at 179.5p Story provided by

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