Flying Brands Share News (FBDU)

News that O Twelve Estates has restructured its £170m debt sent the property group to its highest in a year Thursday.It said the revised loan terms are "substantially the same" as those reported back in July, and leave the group with cash balances of £1.5m."There are signs that the unprecedented falls in UK property valuations over the past two years have now bottomed out, enabling the Board to view the future with increasing confidence," said chairman Phillip Rhodes.Nipson Digital Printing came back down to earth today after the firm warned it will consider a company voluntary arrangement if it can't agree the repayment of a €2m loan.The company confirmed D. Roseman, Polar Communications and Creacorp will not take steps to enforce repayment until end of October. "The board continues to negotiate for long term solutions with especially Polar and Creacorp. However...if no sustainable solution has been reached between the parties, the board will need to consider arranging a Company Voluntary Arrangement for the company, in order to try to come to a settlement among all creditors."Film animation specialist OMG has gained a quarter of its value after it signed an intellectual property (IP) license agreement with Microsoft.Its Vicon arm, which develops motion capture products, will now be able to make and sell devices incorporating Microsoft's SenseCam technology worldwide. SenseCam is a wearable digital camera that takes photographs automatically, without user intervention. It's currently used by medical researchers to help people with memory loss, but OMG will now investigate other uses.A new device will be unveiled at Vicon's stand at the annual Neuroscience Conference in Chicago this weekend. Miner African Eagle chairman John Park has retired after 11 years in the job, making way for Euan Worthington, deputy chairman since October 2006 and board member since 2003.Worthington has a strong history in mining corporate finance and research at Hoare Govett, Shearson Lehman, SGWarburg and ABN Amro.Shares in Lonzim climbed after the Zimbabwe-focused conglomerate said it was well placed to benefit from a return to stability in the southern African country, following a return to stability there.Flowers and mail order specialist Flying Brands has raised £1.76m through a placing of about 2.34m shares at 75p a time. The new funds will be used to repay a part of the company's debt, it said. Shares in IT services group Morse picked up slightly as it swung from operating losses of £0.5m to a profit of £1.9m in the three months to September. Revenues fell from £51.9m to £46.1m.'While we have seen improvement in the group's results in the first quarter of the year, the trading environment for all our businesses continues to be very challenging,' Morse said.Fund manager Polar Capital lifted funds under management by 28% in the six months to September to $1.9bn. Net redemptions of $137m in the first quarter were replaced by net subscriptions in the second quarter of $248m leading to a positive net subscription figure for the first six months of $111m. 'We are reasonably comfortable that our continued strong relative and absolute performance should result in a more extended period of investor inflows into both our hedge and our long only funds,' it added.