Having recently taken over as Chief Executive Officer of Iconic Labs plc (together with its subsidiaries, Iconic Labs or the Company ), I am pleased to present the interim accounts for the six months ended 31 December 2020. It has been a challenging endeavour assembling these accounts given the circumstances surrounding the departures of the previous executives, directors, and most of the personnel coupled with the lack of any formal handover from them. My predecessor Sarah Dees with the assistance of then non-executive director Stephen Birrell did a commendable job beginning the process of determining what had taken place at Iconic Labs during the last six months of 2020. I again thank them for their work and assistance in facilitating my transition and the transition of the new Board of Directors into the Company.
FTSE 100 closes a shade lower as US GDP figures send ripples
On Wall Street, benchmarks were mixed, with the Dow Jones losing around 15 points but the broader based S&P 500 adding nearly a point
FTSE 100 closes down by a whisker
US markets mixed
5.05pm: FTSE finishes in red
FTSE 100 index closed a tad lower on Thursday as first quarter GDP figures from across the pond sent negative ripples through markets.
The UK s top share index finished down around two points, or 0.03%, at 6,961.
On Wall Street, benchmarks were mixed, with the Dow Jones losing around 15 points but the broader based S&P 500 adding nearly a point.
Tullow Oil in demand after refinancing plans
A look at the major movers on the London market on Thursday oil
Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing.
The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility.
The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July.