Page 11 - Ivan Edwards News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IN BRIEF: Renold sees results in line with guidance, buys chain maker Wed, 14th Apr 2021 11:50 Renold PLC - Manchester-based engineering equipment maker - Trading in financial year ended 31 March is in line with company's revised expectations. Revenue falls 13% to GBP165.3 million in the full year, but this eased to just 8.3% in the fourth quarter, attributed to global supply chain constraints. Cash generation is better than initially expected, with net debt halved to GBP18.4 million from GBP36.6 million. Renold also completed the purchase of Manchester-based conveyor chain business of Brooks...

IN BRIEF: Sound Energy rises after bondholders approve restructuring Wed, 14th Apr 2021 12:07 Sound Energy - Moroccan-focused gas explorer and producer - Bondholders approve restructuring of EUR 28.8 million 5.0% senior secured notes due in June. Maturity of notes extended by six years to December 2027. Notes to be partially amortised by 5% every six months starting December 2023. EUR3.5 million of notes to be converted into shares priced at 2.13p each. Notes will pay 2% interest per annum and 3% deferred interest at redemption. Current stock price: 3.08 pence, up 18% on Wednesday. Year-to-d...

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British Land signs pre-let deal with JLL in boost for London offices Thu, 8th Apr 2021 08:22 (Alliance News) - British Land Co PLC on Thursday said that Jones Lang LaSalle Inc has signed a pre-let agreement for office space at 1 Broadgate in London. JLL, a Chicago-based real estate services company, agreed to lease 134,000 square feet, about 30% of the building, on a 15-year term when 1 Broadgate is complete in 2025. The site in the City of London financial district is being redeveloped by British Land, a London-based real estate investment trust. Demolition work is due to start next month. ...

Minds + Machines shares soar after deal to sell assets to GoDaddy Thu, 8th Apr 2021 12:05 (Alliance News) - Minds + Machines Group Ltd on Thursday said it has agreed to sell most of its assets to GoDaddy Inc for USD120 million in cash. Shares in Minds + Machines, a web domain registry company, were up 59% to 7.30 pence in London. Owners of 64% of Minds + Machines shares confirmed they will vote in favour of the sale, the company said. After transaction costs, the offer is worth an estimated 8.8p per share, a 92% premium to Tuesday's closing price. Minds + Machines is selling because it expe...