Complex sentence: Davies and Mark reunited with Nicky Hopkins and recorded a sophomore album in 1968, as "Sweet Thursday", however, Fontana Records declared bankruptcy, and Davies returned to session work in the music industry.
Split into simpler sentences: Davies and Mark reunited with Nicky Hopkins and recorded a sophomore album in 1968, under the name "Sweet Thursday". Unfortunately, Fontana Records declared bankruptcy, and Davies returned to session work in the music industry.