Action Hotels (LON:AHCG) officially opened its first hotel in Brisbane, Australia this week.
Founder Sheikh Mubarak joined the Queensland Minister for Tourism to open the group’s largest new Ibis Styles hotel.
In other news, Oilex Ltd (LON:OEX) has appointed Jonathan Salomon as its new managing director, following the resignation of Ron Miller earlier today.
Salomon was previously a non-executive director of the company, having joined the board in November, and the company highlights that he brings specific Indian business experience.
Meanwhile, Good Energy Group PLC (LON:GOOD), the supplier and generator of renewable electricity, posted a 12% rise in annual revenues as customer numbers increased by 44%.
However profits were not so good, all but wiped out by the cost of servicing £54mln-worth of debt and a rise in administrative expenses.
Rame Energy PLC (LON:RAME) is about to switch on its 1.8MW wind project to supply power to miner Mandalay Resources Corp's (TSE:MND) gold mine in Chile.
The Cerro Coihue project, estimated to provide the firm with revenues of more than $400,000 a year, involves three turbines in a very remote location. Operational start-up is expected within two weeks.
In mining, Rare Earth Minerals plc (LON:REM) is set to add Australia to its growing portfolio of lithium deposits.
REM, which already has stakes in sizeable lithium prospects in Mexico and the Czech Republic, will pay C$300,000 through a share subscription for a 15.5% stake in Toronto-listed MacArthur Minerals.
Elsewhere, a first blast has been completed at Keras Resources PLC’s (LON:KRS) Anomaly 22 gold project in Western Australia and mining is expected to kick off next week under the Grants Patch tribute deal.
Keras reiterated that first revenues in the second quarter of 2016 are firmly on track.
Over at Oracle Coalfields PLC (LON:ORCP), the group said its Thar coal and power project in Pakistan emerged from last year as one of the more "exciting ones" amid a gloomy sector, which is progressing the site towards financial close.
Chairman Adrian Loader told investors progress in 2015 had been solid.
Computer games services group Keywords Studios (LON:KWS) has been upgraded by house broker finnCap after its upbeat trading statement last month.
Profits should be 8% higher than previously expected in 2015 at €7.8mln, while sales will be 1% better at €57.5mln, said the broker. Numbers for 2016 have been left unchanged for now, it added.
And finally, Shares in the software firm Cerillion PLC (LON:CER) moved to a premium on the first day of trade.
The float on the junior AIM exchange successfully raised £10mln and has provided the firm’s private equity backers with an exit.