Hummingbird Resources (LON: HUM) has agreed a subscription with CIG and Nioko Resources Corporation. There will be 863.1 million shares issued at 2.677p each and this will facilitate the conversion of £23.1m of loan facilities into shares. The subscription will be in two tranches. The subscriber will hold 49.9% of Hummingbird after the first tranche […]

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TomCo Energy (LON: TOM) has raised £100,000 at 0.08p/share, which was a 45.5% premium to the market price. The share price rose 18.2% to 0.065p, which claws back the loss earlier in the week. TomCo Energy still has to find a way to finance the acquisition of the 90% of Tar Sands Holdings II in […]

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Loungers shares gained 3.2% to 188.5p in late afternoon trading on Wednesday after the group announced a record revenue surge of 203% to £237.2 million compared to £78.3 million in FY 2022. The company reported an adjusted EBITDA rise to £53.6 million against £13.9 million, along with an adjusted EBITDA margin of 22.6% from 17.8%. […]

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It has not been a good year for hospitality sector in general, but particularly for pubs and bars. Loungers (LON: LGRS) is reporting its first half figures on 2 December and it has done better than most. The most recent trading statement was much better than anticipated and the latest results will show how well […]

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Loungers PLC shares (LON: LGRS) rose almost 8% on Friday’s opening bell after the group reported significant outperformance of the market. The owner of the Lounge and Cosy Club brands shared a trading update for the 24 weeks ending on 4 October 2020, revealing a 25% growth in like-for-like sales when cafes, bars, and restaurants […]

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Hugh Osmond, who reversed Pizza Express into a listed shell three decades ago, has floated his latest restaurant group on AIM. On the first day of trading the Various Eateries (LON: VARE) share price fell from the placing level of 73p to 69.5p. The flotation was confirmed just before the latest tightening of lockdown restrictions […]

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The British bars and pubs scene has been busy over the last few weeks and months. Different firms have seen different results across the festive trading period, where firms look to make ground and reach peak business trading levels. Here is a roundup of the most recent updates from the main names in the industry […]

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Food and drink outlet operator Loungers PLC (LON: LGRS) booked healthy growth across financial performance indices during the full year ended April 31 2019. The Group’s revenue jumped 26.4% on a year-on-year basis, to £153.0 million, and adjusted operating profit bounced 23.3% to £12.4 million. Loungers also reported adjusted EBITDA growth of 23.7% to £20.6 […]

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