Shares in Symphony Environmental Technologies plc (LON:SYM) surged as the company proposed a capital reduction that could pave the way to dividend payments. Shareholders are being asked to vote on a proposal that aims to create distributable reserves for the company by cancelling the amount standing to the credit of the share premium account and transferring it to the company's profit and loss account.
Plexus Holdings PLC (LON:POS) was in demand this morning after the oil and gas engineering services group sold off its Jack-up business for up to £42.5mln. A subsidiary of TechnipFMC PLC (NYSE:FTI) is the buying party and will pay £15mln in cash upfront for the jack-up wellhead exploration equipment and services business, plus up to an additional £27.5mln over the next three years.
Landore Resources Limited (LON:LND) has raised gross proceeds of £1mln through a subscription of 50,000,000 new ordinary shares at a price of 2.0p each. In a brief statement, the Canada-focused miner said the monies raised will be used by the company to finance working capital and exploration expenditure.
Horizonte Minerals Plc (LON:HZM, TSE:HZM) told investors that it has completed and filed a mine construction licence for the Araguaia nickel project. It noted that the licence was submitted to the relevant authority responsible for environmental licensing, for the construction of the Project, including mine, associated infrastructure and pyro-metallurgical processing plant
Shares in MySQUAR Limited (LON:MYSQ) jumped at the opening bell on Thursday after the Myanmar-language social media, entertainment and payment platform signed a deal that will see it provide Wi-Fi and digital content services in Myanmar Railways trains.
Stobart Group Ltd (LON:STOB) saw profits jump by more than 650% in the first half its financial year, largely thanks to the partial disposal of its stake in Eddie Stobart Logistics PLC (LON:ESL).
Institutional Shareholder Services Inc (ISS) has backed the incumbent management at Stratex International plc (LON:STI) in its battle with some disgruntled shareholders. A meeting has been convened for 1 November at which shareholders will be asked to vote in favour of replacing the current chairman and chief executive officer of Stratex with David Hall and Paul Foord, and for the termination of the proposed acquisition of Crusader Resources Limited.
Sareum Holdings Plc (LON:SAM) expects to receive first news in February of the clinical progress of its cancer treatment licensed to US firm Sierra Oncology.
Dosing has started in the Phase II study of Allergy Therapeutics plc’s (LON:AGL) injected, aluminium-free, hay fever vaccine. Results are expected in the second half of 2018, following which Allergy will expects to start work on the parameters for the Phase III trial.
Emerging markets investor APQ Global Limited (LON:APQ) sees the current stand–off between North Korea and the US as the biggest threat to financial markets. Big Pic in June.
Keywords Studios PLC (LON:KWS) has completed a bolt-on acquisition, buying video game software development company d3t for £3mln, of which £2.4mln is cash.
The percentage of StatPro Group PLC's (LON:SOG) annualised revenue that is recurring had risen to 83% by the end of September from 75% a year earlier, the company said in a trading statement that confirmed it is trading in line with the board's expectations.
The ramp-up of production continued in the third quarter at Shanta Gold Limited’s (LON:AHG) New Luika gold mine in Tanzania, with total ore mined underground almost doubling quarter-on-quarter.
Stripping out the profit made last year from the disposal of a stake in a portfolio company, Braveheart Investment Group PLC (LON:BRH) saw profit improve to £191,000 in the first half of the current financial year from £172,000 the year before.
Tertiary Minerals plc (LON:TYM) has revealed it is in advanced discussions regarding acquisition opportunities in the fluorspar and industrial minerals sector in a corporate and operational update today.
Europa Oil & Gas (Holdings) PLC (LON:EOG) has noted the latest decisions related to the planning application for its proposed Holmwood well, in southern England. Surrey County Council on Wednesday approved an application to install a security fence for Holmwood drill site, though the planning committee also decided to defer a decision over the traffic management scheme attached to the project.
Capital Drilling Ltd (LON:CAPD) told investors that revenue for the third quarter amounted to US$30mln, up 26% from the same period of last year. The company noted that the revenue tally was similar to the preceding quarter, but, said it was the group’s strongest third quarter since for five years. It added that fleet utilisation for the quarter was 52%, with 48 rigs in use.
Galantas Gold Corp (LON:GAL) has highlighted the accelerated development work at the Omagh Gold Mine, in Northern Ireland. The acceleration of mine development follows the resolution of issues related to blasting operations, and it said that the underground development totals more than 90 metres.
CentralNic Group PLC (LON:CNIC) has secured a contract with Germany’s KSregistry to support 14 new top-level domains (TLDs).
Clinical trial services group IXICO Plc (LON:IXI) expects to beat trading expectations this year after a strong order tailwind at the end of the period. Revenues in the year to September will be about 20% higher that a year ago at £3.7mln (£3.1mln), while underlying profits [EBITDA] and operating losses will both be better than predicted.
Rambler Metals and Mining PLC (LON:RMM, CVE:RAB) has inked a loan agreement which gives the company US$1mln to support short term working capital needs as it completes an expansion to its Canadian operation. An underground mining development project was delayed in July, impacting the schedule for the project.
Cadence Minerals Plc noted that investee firm Macarthur Minerals Limited has completed its acquisition of 15% of Yalgoo Exploration Pty Ltd which owns the Melville Gold Project in Western Australia. Cadence has a 15.7% equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium and iron ore in the Pilbara region of Western Australia.
i-Deal Corp, the financial platform pitched as a dating site for companies and would-be investors, has revealed that a new placement on the Milan Stock Exchange is now visible to the i-Dx investor network. In a statement i-Deal Corp said the move will allow the company to extend its reach beyond domestic markets and raise its international profile in the process.