18 February 2021 | 09:05am
StockMarketWire.com - Energy investment company Scirocco has appointed Muir Miller as an Independent Non-executive Director with immediate effect, as part of a wider strategy to create long-term, sustainable value in European energy market.
Alastair Ferguson, Chairman of Scirocco, said: ‘We welcome Muir to our Board and look forward to adding his experience to the pool of renewables experience we possess.’
Muir has two decades of senior executive experience, with particular focus on the renewable energy sector and will apply his specialist experience to support the strategy development as Scirocco moves into the execution phase
Ferguson said: ‘The combination of an abundance of compelling opportunities and wider investor appetite in the low-carbon space with an improved risk-reward ratio has resulted in us increasingly focusing our business development in this area.
12 January 2021 | 08:19am
StockMarketWire.com - Medical device company Circassia lowered its earnings breakeven point for its Niox business on margin improvements after largely completing restructuring plan. But annual revenue fell on the impact of the global lockdown.
For the continuing Niox business for the year ended 31 December 2020, revenue fell to £23.9 million from £34.6 million. The global lockdown which commenced at the start of the second quarter significantly affected testing volumes in the clinical business and delayed studies for our research customers, the company said.
But the EBITDA breakeven point for the Niox business would be lower than previously indicated at around £30 million of annualised revenue, or £32 million for the group following major restructuring of the business.