Nightcap slides after financing update Nightcap PLC (LON:NGHT) lost around a tenth of its value at 22p after an announcement about the financing of its London Cocktail Club business. The company has been informed it is to receive a waiver in relation to the financial covenants attached to certain of the London Cocktail Clubs bank loans for the year ending 30 June 2021. Earlier this month, the bars operator raised £10mln through a placing of shares at 23p. 11.50am: Amigo friendless after accepting court decision Amigo Holdings PLC (LON:AMGO) was friendless, down 8.3% at 7.61p, after the controversial money lender said it would not appeal against a recent court judgement. In his ruling, Justice Wills threw out the companys proposed scheme of arrangement and said the creditors who had voted in favour lacked the necessary information or experience to assess the alternatives. UK financial regulator the FCA had also opposed the scheme on the grounds it placed too much burden for the company''s survival on customers rather than shareholders and bondholders. 10.55am: MC Saatchi raises guidance MC Saatchi PLC (LON:SAA) climbed 12% to 143.5p after it raised full-year guidance after the first four months of the year exceeded expectations.