Company news

Advanced Oncotherapy financing deal with Bracknor

Advanced Oncotherapy, the developer of next generation proton therapy systems for cancer treatment, has secured a flexible and staged £26n financing agreement with Bracknor Investment Group, a Dubai-based investment firm. The Agreement gives the company the ability to issue a minimum of £13m in convertible loan notes, in tranches of £1.3meach, up to a maximum, […]

CORETX invests in new facility to support orders

CORETX Holdings is establishing a new facility to enhance its full IT Lifecycle services which cover the deployment and secure management of new generation end user devices, in line with CORETX’s strategy to meet customer demand for a broader range of IT managed services. CORETX signed a number of significant new customer contracts for Lifecycle […]

Beowulf reviewing EIA for Kallak North

Beowulf is reviewing its environmental impact assessment for Kallak North to see whether any further submission is required before the Mining Inspectorate of Sweden sends all information to the Swedish National Heritage Board and the Swedish Environmental Protection Agency. Beowulf said it discussed the next steps in the review process for the Kallak North exploitation […]

Globalworth acquires Dacia distribution facility

Romania-focused Globalworth Real Estate Investments Limited has agreed the acquisition of a modern warehouse facility 100% leased to Dacia, Romania’s largest corporate, on a long term basis. The facility benefits from a great location c. 100km west of Bucharest near the Bucharest – Pitesti highway, one of Romania’s principal warehouse and industrial corridors and is […]

Co-op Bank failure appears probable, says Fitch

Fitch Ratings has downgraded The Co-operative Bank’s long-term issuer default rating to ‘B-‘ from ‘B’ and placed it on rating watch evolving. The Viability Rating was downgraded to ‘cc’ from ‘b’. The downgrade of the VR reflects Fitch’s view that a failure of the bank appears probable as it likely needs to obtain new equity […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan Holding said the estimated net asset value of its sterling shares was £19.7647 at the close of business on 21 February. The estimated NAV of its euro shares was €22.5084. At 8:53am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1582.5p Story provided by

ConvaTec launches GentleCath Glide in US

ConvaTec Group has announced the US launch of GentleCath Glide, an intermittent catheter developed to provide more options for simple, convenient hydrophilic catheterisation for daily users. Concurrently, ConvaTec has expanded the company’s me+ direct-to-consumer programme to support its GentleCath portfolio and growing customer base in continence care, starting in the US market. At 8:15am: (LON:CTEC) […]

Lombard Risk grows N. American client base

Lombard Risk Management has seen substantial growth in its North American client base with COLLINE being delivered to a record number of clients over the past year. Lombard Risk said client were on both the buy and sell-side, with 5 major clients going live in the current quarter. It said: “Banks as well as investment […]

Albion Enterprise VCT buys back shares

Albion Enterprise VCT has announced that it purchased 89,000 Ordinary shares at 93.93p per share on 21 February 2017, to be held in treasury. At 2:20pm: (LON:AAEV) Albion Enterprise VCT Plc share price was 0p at 95p Story provided by

Cairn Homes schedules full year results

Cairn Homes has confirmed that it will issue its full year results for the year ended 31 December 2016 on Thursday, 9 March 2017. At 1:50pm: (LON:CRN) Cairn Homes Plc share price was 0p at 1.32p Story provided by

SLIPIT completes property purchase

Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase of an industrial investment in Sunderland for £5.5m, representing an initial yield of 6.4%. The property is located close to the Nissan assembly plant and is let for a further 5 years to a major supplier for Nissan. The property has planning permission for […]

Queros CP raises £960k

Queros Capital Partners has raised an additional £960,000, subject to admission to NEX Exchange Growth Market, through the placing of 8% Unsecured Bonds due 2025, of £1 per unit nominal value. The proceeds of the placing will be used to provide Bridging Finance to businesses operating in the UK, while the Company builds capital for […]

GTH, Orascom ordered to pay $60m to Atheer

On 17 February 2017, the High Court found Orascom Telecom Iraq (OTIL) and Global Telecom Holding (GTH) liable to indemnify Atheer Telecom Iraq in the amount of USD 60m. The judgement is in respect of a dispute regarding tax liabilities arising from the 2007 sale of Iraqna, OTIL’s Iraqi mobile subsidiary, to Atheer. The precise […]

PCGE completes disposal of CPDC

PCG Entertainment (PCGE) has confirmed the disposal of the shares from the sale of Center Point Development Corp (CPDC) has been completed. Nick Bryant, PGCE’s CEO, today said: “This concludes the disposal on a very positive note, and brings additional funding into the Company. We look forward to reporting further good news to the markets […]

Hastings updates on RMI transaction

Hastings Group has confirmed that regulatory approvals have been received in respect of the acquisition of up to 29.9% in the Company by Rand Merchant Investment Holdings Limited and its wholly owned subsidiary Main Street 1353 Proprietary Limited (RMI). The transaction was conditional upon the receipt of regulatory approvals from the Financial Surveillance Department of […]

Servoca buys back shares

Servoca has announced that on 20 February 2017 it bought back 45,000 ordinary shares of 1p each in the capital of the Group at a price of 22p per share. At 1:01pm: (LON:SVCA) Servoca PLC share price was 0p at 22.25p Story provided by

Everyman to open new four screen site

Everyman Media Group has confirmed that the previously announced venue in Stratford-upon-Avon has now become unconditional and it expected that the new four screen site would open in the second quarter. The lease for the site is 25 years and the annual rent is £185,880 per annum. The landlord of the Stratford-upon-Avon site is Blue […]

Fitch affirms Zambia at 'B'

Fitch Ratings has affirmed Zambia’s long-term foreign and local currency issuer default ratings at ‘B’ with negative outlook. The issue ratings on Zambia’s long-term senior unsecured foreign and local currency bonds and short-term senior unsecured local-currency securities are also affirmed at ‘B’. The country ceiling is affirmed at ‘B+’ and the short-term foreign and local […]

Capita to impair historic assets

Capita has decided to impair, at year end 2016, a number of historic assets relating to a few specific contracts, which were being amortised over their contract life. Some of these assets date back to 2009, with the majority relating to the period between 2012 and 2014. Assets amounting to around £50m will be written […]

Final salary pension burden putting jobs at risk, says Altmann

The burden of defined benefit pension schemes will increasingly put younger workers’ own pensions and jobs at risk, former pensions minister Ros Altmann warns. And she believes the Department for Work and Pensions is complacent about the sustainability of DB schemes. She said the overall tone of the DWP’s long-awaited Green Paper on DB schemes […]

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