Philip has more than 20 years' experience writing about companies, general finance and investing matters for a variety of publications. His career has involved spells at the Investors Chronicle, where he was small companies and companies editor, Investors Week and most recently as editor of online financial news wire Sharecast. He has also contributed to a wide range of financial-focused publications on a freelance basis.
Revenues climbed to US$192mln (US$3mln), while pre-tax profits rocketed to US$86.6mln compared to a loss of US$900,000.
“This substantially reduces the capital required to bring the Mokopane Project into production. "
Bushveld Energy has just successfully completed a pilot with South African electricity group Eskom for a redox battery system
The Worldpay name will disappear through this latest deal, which will result in a company with sales of about US$12.3bn
Government agency Innovate UK is the sponsor of the 12-month project under the Analysis for Innovators (A4i) scheme
The company has spent US$1.5mln in its own US production facilities
The funding would also include an open offer to existing shareholders said the composite materials specialist
The loan is a 16-month facility from the Development Bank of Wales