Miniature table-top war games firm Games Workshop said trading in the four months to the beginning of April has been broadly in line with the board's expectations.
Peruvian hydro-electricity firm Cascade, in which Latin America-focused utility company Rurelec has a 50% share, is to acquire the 255 megawatt Santa Rita run-of-river hydro development project for $10m, with up to $5m due depending on whether the project meets various performance targets. Run-of-river hydroelectric projects are ones where there is no, or only a small, reservoir. Cascade is planning a share issue to fund the further development expenditure required to take its projects through to financial close. Rurelec's interest in Cascade is likely to be diluted via such capital increases. The board of Rurelec will review its funding commitment to Cascade on a regular basis.
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Sticking with the green energy theme, energy storage and clean fuel company ITM Power said its HBOX Solar electrolyser product has achieved full CE certification, which will enable the product to carry the CE mark, indicating it has met European Union consumer safety, health and environmental requirements. HBox Solar is to get its commercial release in the final week of April at a trade show.
Things are looking grim for financial services group Merchant House Group (MHG), which recently announced that not all of the parties who subscribed for its February share placing have come up with the money to pay for the allocated shares. Trading in the company's shares has been suspended at the board's request, pending the outcome of a review of MHG's financial condition. The review will determine whether or not the company has sufficient working capital for its present requirements.
JH
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Would you delay retirement to help your children through university?Parents are missing out on as much as £45,000 that could have gone into their pensions because they are using that money to pay their children’s way through university, according to new research
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Family face £100k stamp duty bill after avoidance scheme crashes in court – the mistakes to avoidA couple faces a substantial stamp duty bill after trying to reduce the amount they owed
