Company News
Director dealings: Advanced Medical Solutions director snaps up shares
Advanced Medical Solutions revealed on Friday that non-executive director Grahame Cook had acquired 48,864 ordinary shares in the AIM-listed tissue-healing technologies business.
BNY Mellon posts record assets under administration
BNY Mellon reported a strong set of third-quarter results on Friday, surpassing profit estimates as assets under custody and administration reached a record $52. 1trn.
Rosslyn raises £0.25m through retail offer
Rosslyn Data Technologies announced on Friday that it had successfully raised £0. 25m through an oversubscribed retail offer, issuing five million shares at 5p each.
Sainsbury's slumps as Qatar Investment Authority places 109m shares
Sainsbury’s slumped on Friday following reports that its biggest shareholder, Qatar Investment Authority, has placed 109m shares in the supermarket chain.
Bellway appoints former Cairn Homes exec as CFO
Housebuilder Bellway is appointing the former chief financial officer of competitor Cairn Homes as its new CFO, the company announced on Friday.
CT Automotive secures $20m working capital facility
Automotive interior components supplier CT Automotive announced on Friday that it had secured a new $20m working capital facility with FGI Worldwide, extending its debt agreement to October 2027.
Saga in talks with Ageas about possible tie-up, shares spark
Shares in Saga jumped on Friday, after the travel-to-insurance business revealed it was in advanced discussions with Belgium’s Ageas about a potential partnership deal.
BP warns weak refining margins to hit Q3 profit
BP followed sector rival Shell and warned profits would fall by as much as $600m on the back of declining refining margins and oil trading driven by the global slowdown for fuel products and weaker crude prices.
Northvolt in talks with investors, lenders over €200m funding
Battery maker Northvolt is reportedly in talks with investors and lenders to secure about €200m in short-term funding as it seeks to stabilise its finances.
'Intense' competition in China weighs heavily on Volkswagen
Global car sales at Volkswagen Group fell sharply in the last quarter, the German manufacturer confirmed on Friday, dragged down by stiff competition in China.
UK trade balance widens in August - ONS
The UK’s trade deficit widened in August, official data showed on Friday, after a jump in imports outstripped the rise in exports.
Premier Miton reports full-year growth in AuM, but weak Q4
Premier Miton Group reported a 9% increase in assets under management for the financial year ended 30 September on Friday, reaching £10. 7bn, up from £9. 8bn a year earlier.
Braveheart acquires 29.5pc stake in IQ-AI
Braveheart Investment Group announced on Friday that it had acquired a 29. 51% stake in IQ-AI, an imaging software and healthcare diagnostics company, for £0. 72m.
Verici Dx announces delay to Medicare determination for Tutivia test
Verici Dx, a developer of advanced clinical diagnostics for organ transplants, announced an extension to its timeline for submitting supplemental information to the US Centers for Medicare and Medicaid Services in support of coverage determination for its ‘Tutivia’ test.
Two Trinity Exploration directors signal intent to vote for takeover
Trinity Exploration confirmed on Friday that two of its directors, Nicholas Clayton and Jeremy Bridglalsingh, were intending to vote in favour of the proposed acquisition of the company by Lease Operators.
SkinBioTherapeutics shares jump on acquisition of topical cream maker
AIM-listed life sciences company SkinBioTherapeutics has announced the acquisition of Yorkshire-based health, hygiene and personal care products group Bio-Tech Solutions for £1. 25m.
Oxford Metrics acquires The Sempre Group
Software business Oxford Metrics has acquired measurement specialist The Sempre Group, strengthening its smart manufacturing offering.
Revolution Bars changes names to The Revel Collective
Pub and bar operator Revolutions Bars Group revealed on Friday that it had changed its name to The Revel Collective in order to better reflect "the make-up of the group".
Ithaca Energy prices $750m senior notes, signs $1.24bn facility
Ithaca Energy announced the pricing of $750m in senior notes due 2029 on Friday, alongside the signing of a $1. 235bn amended and restated reserves-based lending (RBL) facility by its subsidiary Ithaca Energy UK.
Digital 9 appoints new investment manager for portfolio wind-down
Digital 9 Infrastructure announced the appointment of InfraRed Capital Partners as its new investment manager and alternative investment fund manager (AIFM) on Friday, overseeing the managed wind-down of its portfolio.