logo-loader

Proactive news snapshot: Kin Group, Allergy Therapeutics, 88 Energy ...

A glance at some of the stories on the Proactive newswire today

Newspaper reader
Your daily round-up from the world of Proactive

Kin Group Plc (LON:KIN) has requested the suspension of trading in its shares on AIM from today as it continues discussions to raise additional funding after Belastock Capital LP said it will not now proceed with the release of three further tranches of its Convertible Loan Note financing.

Allergy Therapeutics plc (LON:AGY) will report sales well ahead of market forecasts after strong organic growth combined with a hefty currency boost.  Revenues for the year to June will be £64.1mln (2016:£48.5mln), comprising 15% annual growth stripping out the foreign exchange effect and 32% on an actual basis. BP in January.

As 88 Energy Ltd’s (LON:88E) Icewine-2 well programme is undergoing a six-week hiatus the explorer is now undertaking an analysis to determine what the findings to date mean for the chance of success in the HRZ shale play.

Organic growth, a currency boost and full contribution from recent acquisition Link Healthcare helped Clinigen Group PLC (LON:CLIN) increase gross profits rose by 22% in the year to June. Shaun Chilton, Clinigen’s chief executive said it had been an excellent year for all three of its divisions, clinical trial services, unlicensed medicines and commercial medicines.

Cello Group plc (LON:CLL) has bolted-on pharmaceutical product consultancy Advantage Healthcare to its US operation. Founded 20 years ago, Advantage specialises in critical analysis and insights on new drug products.

dotdigital Group PLC (LON:DOTD) has reported strong growth in full-year revenues and says it expects its underlying earnings (EBITDA) to be in line with expectations. In a pre-close season trading update ahead of full-year results, the email and marketing software-as-a-service (SaaS) group said its overall revenues have grown by 19% organically to approximately £32.0mln, up from  £26.9mln a year earlier.

Alliance Pharma plc (LON:APH) has said its overall trading in the first half has been in line with the board's expectations, with sales over the period showing a solid increase.

Kin Group Plc (LON:KIN) has requested the suspension of trading in its shares on AIM from today as it continues discussions to raise additional funding after Belastock Capital LP said it will not now proceed with the release of three further tranches of its Convertible Loan Note financing.

Motif Bio Plc (LON:MTFB) has amended the terms of its consultancy agreement with Amphion Innovations Plc's (LON:AMP) Robert Bertoldi, increasing his fee from US$75k to US$125k p.a. to better reflect his time commitment to Motif.

Harry Potter publisher Bloomsbury Publishing PLC (LON:BMY) saw revenues rise 13% year-on-year on a constant currency basis in the first quarter of its financial year. It expects trading for the full-year will be in line with expectations.

Midatech Pharma Plc (LON:MTPH) told investors to expect a 37% increase in first half gross revenue as its US business continued to grow strongly. In an update ahead of interim results, the company said total gross revenue of £5.2mln is anticipated when it reports on the six months ended June 30, that compares to £3.8mln in the comparative period of 2016.

Africa-focused DekelOil Public Limited (LON:DKL) told investors it has seen a 22.1% increase in product sales, with the palm oil producer bringing in €18.8mln in the first six months of 2017. In a production update, coming ahead of interim results, the company said that the increase in sales income was primarily due to better global crude palm oil prices as well as its own improved storage capacity which in turn helped improve local pricing terms.

Ortac Resources Ltd (LON:OTC) told investors it has restarted mining activities in Slovakia after a small-scale underground mining permit was re-issued last month. Now that mining is underway, the company said it has fulfilled the conditions required by the authorities in order for it to preserve the company’s right to exploit the Šturec ore deposit located in the Kremnica Mining License Area for a minimum period of three years.

Petropavlovsk PLC (LON:POG) has announced the resignation of founder and chief executive Pavel Maslovskiy. It follows the recent ousting of chairman Peter Hambro at the company's AGM. The company also announced a half-year production increase.

Capital Drilling Limited (LON:CAPD) has said it is currently engaged with advisors in Tanzania to determine the practical application of recent legislative changes in the African country on its business.

Hummingbird Resources PLC (LON:HUM) remains on track to pour first gold from the Yanfolila gold project in Mali by the end of this year. Construction is now more than 50% complete. BP in April.

Horizonte Minerals Plc (LON:HZM) has submitted environmental plans for its Araguaia nickel project in Brazil.

ECR Minerals PLC (LON:ECR) has acquired new exploration ground in Victoria. The company has also completed 592 metres of RC drilling at its Bailieston project and is now awaiting results.

Premier African Minerals Limited (LON:PREM) has increased its stake in privately-held Circum Minerals, the owner of a sizeable African potash project. The consideration is to be paid in PREM shares, issued at 0.4p. Simultaneously, PREM has also uncovered six new pegmatites at its Zulu lithium project worthy of further exploration.

Abzena plc (LON:ABZA) has signed a licence agreement with Telix Pharmaceuticals Limited, granting it an exclusive worldwide, royalty bearing, sub-licensable licence to the AIM-listed firm’s prostate-specific membrane antigen ('PSMA) antibodies in the field of radio-immunoconjugation. The agreement has the potential, subject to successful development, to deliver in excess of US$65mln in licence fees and milestone payments to Abzena.

IXICO Plc (LON:IXI) is today holding an Expert Symposium on the impact and future of imaging and digital biomarkers in Alzheimer's disease.  The digital technologies company serving neuroscience said the symposium is set to coincide with the Alzheimer's Association International Conference (AAIC) in London.

Action Hotels PLC (LON:AHCG) has said Andrew Lindley, who was appointed finance director of the operator of branded three and four-star hotels in the Middle East and Australia on June 1, has been appointed to the group’s board with immediate effect.

Base Resources Limited (LON:BSE) said it has repaid in full the US$20mln unsecured debt facility provided by one of its major shareholders, Taurus Funds Management with a final payment of US$11.8mln. The group noted that the  repayment of the Taurus Facility continues the rapid debt reduction achieved on the back of the strong operational performance of the Kwale Mineral Sands Operations.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arc Minerals Limited named herein, including the promotion by the Company of Arc Minerals Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Scancell back in the clinic with a phase II trial of its...

Scancell Holdings PLC's (LON:SCLP) Cliff Holloway tells Proactive London's Andrew Scott they've begun the UK arm of the phase II trial of its flagship skin cancer treatment. The trial is testing the safety and efficacy of SCIB1 in metastatic melanoma patients who are also receiving Merck’s...

14 hours, 40 minutes ago

6 min read