Argus Media is a leading global provider of energy and commodity price reporting.
Hg, the Manager of HgCapital Trust announced that it plans to invest in Argus Media. HgCapital Trust will invest approximately £31.6m in Argus, with other institutional clients of Hg investing alongside the company through the Hg Saturn Fund.
Shield Therapeutics announced that the positive results for Feraccru/Accrufer (Ferric Maltol) in AEGIS-H2H phase 3b non-inferiority study will be presented at the 27th United European Gastroenterology Week (UEG) 2019.
Metals & mining
21-10-2019 08:12:33 • minute(s) read Author Sparks Team
KEFI has received notice from one of its working capital providers to convert £150,000 of the loan note issued on 5 August 2019 and associated costs of £7,500 into new KEFI ordinary shares of 0.1p each at a price 0.664p per share. Therefore, KEFI has allotted and issued 23,732,031 new KEFI ordinary shares of 0.1p each to the loan facility provider.
21-10-2019 08:09:49 • minute(s) read Author Sparks Team
The company announced a fundraising to raise gross proceeds of up to £9m
Avacta Group announced its interim results for the period ended 31 July 2019. Revenues of £4.1m were greater than expected due to recognition of an up-front milestone payment of $2.5m from LG Chem Life Sciences. Operating loss was £11.2m due to significant investment in research and development.
18-10-2019 08:12:26 • minute(s) read Author Sparks Team
In its trading update, Tissue Regenix Group announced that it anticipates revenue for 2019 to be below the current market consensus by nearly 15–20%, with a corresponding reduction in margin-impacting EBITDA. The company expects the increase in throughput to become available during Q4 2019.
18-10-2019 08:05:51 • minute(s) read Author Sparks Team
discoverIE announced that Peel Hunt has placed a total of 8,034,840 new ordinary shares of 5p each in the share capital of the company at a price of 415p per placing share, raising gross proceeds of c. £33m.
Record’s Q220 update is positive, showing assets under management equivalent (AUME) up 2.7% to $59.9bn (+6.1% in sterling terms). The AUME flow was a positive $1.7bn after a modest $0.3bn inflow in Q1. Market movements (+$1.3bn) and exchange rate and mandate volatility targeting movements (-$1.4bn) broadly balanced each other. Most of the AUME inflow was in passive hedging and reflected increased mandates from existing clients (tending to validate Record’s focus on service enhancement and innovation).
17-10-2019 08:00:31 • minute(s) read Author Sparks Team
Norcros provided a trading update for the 27-week period ended 6 October 2019.
The company expects group revenue for the period to be approximately £181.2m (2018: £162.6m), which is 11.4% higher than the prior year 26-week period on a reported basis, 12.8% higher on a constant currency basis, and 0.9% higher on a like-for-like constant currency basis.
17-10-2019 07:59:27 • 1 minute(s) read Author Sparks Team
Following the issue, the company has gained the authority to issue 17,919,440 more shares
Fidelity Special Values has issued 625,000 new ordinary shares of 5p each at a price of 264.25p per share from its block listing authority of 15 January 2019. The shares will rank pari passu with the existing ordinary shares in issue.
16-10-2019 08:21:13 • minute(s) read Author Sparks Team
Headline results continue to be expected in mid-2020
The company notes the publication of results from a positive phase 1 clinical study in 60 healthy US volunteers using a nasal gel formulation of its lead drug, XF-73 (exeporfinium chloride) in the peer reviewed Journal of Global Antimicrobial Resistance.
Secure Trust Bank released its trading update for Q319 with a reassuring tone. The business trends and “overall results are in line with management expectations”. They noted that demand has slacked in September, but not a surprise given Brexit deadline concerns. STB has in a re-risking mode for several quarters and has been repositioning its loan book in anticipation to these economic and political uncertainties. In this context, it is reassuring to see that the bank say that it “remains comfortable with guidance for the full year”.
14-10-2019 08:08:50 • minute(s) read Author Sparks Team
Aberdeen New Thai Investment Trust announced its half-yearly financial report for the six months ending 31 August 2019. NAV per ordinary share increased 12.8% to 723.37p. Revenue return was 15.8p per share, while net gearing stood at 3.5%.
14-10-2019 08:06:57 • minute(s) read Author Sparks Team
SCISYS announced that it has been selected by Shearwell Data to provide IT services, project management, integration and maintenance of software in Defra’s innovative Livestock Information Programme (LIP). The contract provides an option to extend it to 2024.
14-10-2019 08:05:58 • minute(s) read Author Sparks Team
Study investigator presents positive efficacy data in ongoing retinal disease clinical trial.
ReNeuron Group announced that positive efficacy data was presented at the American Academy of Ophthalmology Annual Meeting (AAO) in San Francisco from the company’s Phase 1/2a clinical trial of its hRPC stem cell therapy in retinitis pigmentosa (RP).
11-10-2019 07:25:36 • minute(s) read Author Sparks Team
YouGov announced that Sanne Fiduciary Services, acting as Trustee of the YouGov Employee Benefit Trust (EBT), has purchased a total of 1,000,000 ordinary shares of 0.2p each in the group as part of a planned programme over a 10 month period.
11-10-2019 07:25:32 • minute(s) read Author Sparks Team
Entertainment One announced its first quarter results (unaudited) for the three months ended 30 June 2019. The value of the group’s library assets increased to $2.1bn as at 31 March 2019. The quarterly results were prepared in relation to the proposed acquisition of the group by Hasbro (previously reported on 22 August 2019).