Fenner in £100m refinancing

Conveyor belt maker Fenner said yesterday weak order numbers from the US coal market have been offset by strong demand in other regions. It also said it had secured a £100m refinancing package with banks. The Yorkshire-based company said that its Dutch and Australian businesses were forging ahead. Liberum Capital analyst Ben Bourne said: “Since March, the group has continued to make solid progress with revenue and earnings in line with expectations.”