African airline carrier Fastjet PLC (LON:FJET) is raising nearly £20mln to bankroll a fresh strategy under new chief executive Nico Bezuidenhout.
FastJet is generating £19.2mln through a placing and open offer of new shares at 50p apiece, sending its shares up by 16.9p, or 73%, to 40p.
Metminco Limited (LON:MNC ASX:MNC) has hinted it may go underground at its newly acquired Miraflores deposit in Colombia.
“The decision on the development option will take cognisance of community and environmental factors, as well as financial factors.
“The smaller surface footprint of the underground only mining option remains a very attractive option," said managing director William Howe.
Scancell Holdings Plc (LON:SCLP) will use Belgian group Eurogentec to manufacture a new batch of its SCIB1 ImmunoBody vaccine.
Scancell wants the drugs for a US clinical study of SCIB1 in combination with a checkpoint inhibitor that is expected to commence in 2017.
It had to withdraw its stocks of SCIB1 in June after they went out of date having been held for seven years.
Breedon Aggregates Ltd (LON:BREE), which produces materials for the construction industry, brushed aside uncertainty caused by the Brexit vote as it reported an excellent first half operating performance and a 19% increase in pre-tax profit.
The largest independent aggregates business in the UK, which also has a Scottish division, also updated on the regulatory process of its acquisition of Hope Construction Materials, announced last November.
Action Hotels (LON:AHCG) is to develop a new Novotel-branded mid-market hotel in Dubai Healthcare City to target leisure, medical tourism and business travellers.
To be called Novotel Dubai Creek, the new property will have 220 rooms and offer an economy to midscale option in an area dominated by luxury hotels.
After a quick pause, consumers are adapting to lower Sterling rates following the Brexit vote, currency exchange and travel money firm FairFX Group Plc (LON:FFX) highlighted.
FairFX, releasing an update on the first half, told investors that the EU referendum and the Brexit result stirred up the busiest ever period for the company.
Sphere Medical Holding PLC (LON: SPHR) has partnered with Burke & Burke as an exclusive distributor of its medical monitoring products in Italy.
The agreement will see Burke & Burke commence marketing of Proxima 4 in the region and it has already placed an initial order for monitors and consumables.
Strategic Minerals PLC (LON: SML) has finally put an end to its railroad claim associated with its Cobre tailings operation in New Mexico, USA - by accepting a settlement.
It will be paid US$675,000 in instalments of US$100,000 in August 2016, US$400,000 in January 2017 and US$175,000 in June next year.