On-Line PLC (LON:ONL) has noted its surging share price after announcing it would be changing its name to On-Line Blockchain.
Shares in the internet-focused investor rocketed up 179.41% to 47.50p.
The company said it has been investigating potential applications and customer markets, particularly in information technology where its links with ADVFN provide an opportunity to develop a Blockchain-based product to support financial website users' ratings of information contributors using token-based applications.
The group said shareholders should note that the development of a blockchain product is in an early stage of investigation and development, with current plans estimating its first application to be tested in early 2018.
Personal Group PLC (LON:PGH) slumped after the provider of employee benefits and financial services cut its full year revenue guidance after a key salary sacrifice customer delayed its planned offering to staff.
The company said the salary sacrifice decided to delay its offering to employees into next year for “short term operational reasons”.
Revenue for the current year is now expected to be lower than reported for full year 2016, Personal Group said. The company still expects to meet full year underlying earnings (EBITDA) estimates thanks to tight cost controls and a strong performance in its core insurance business.
2.00pm: GAN shares up after Pennsylvania legalises real money internet gaming
GAN PLC (LON:GAN) said it stands to gain by Pennsylvania’s approval to legalise full real money internet casino gaming in the state, sending its shares up 12.81% to 33p.
The company, which supplies internet gaming software, said its addressable market doubled after the Pennsylvanian House of Representatives gave the final approval of the bill that allows users to gamble actual money online.
Pennsylvania has become the fourth US state to regulate internet gaming.
It has a population of 12.8 million, which doubles the number of US consumers who are allowed to play online casino games, GAN said.
In contrast, Draganfly Investments Ltd (LON:DRG) shares edged down 8.70% to 0.52p after reporting a wider full year loss, reflecting an increase in costs related to abandoned acquisitions.
The investment firm said the pre-tax loss grew to £276,632 in the year to 30 April from a pre-tax loss of £79,667 last year. But the company swung to a total income of £19,541 from a loss of £2,788 last year thanks to higher gains on the value of investments.
11.30am: Symphony Environmental Technologies higher on upbeat update
Symphony Environmental Technologies PLC (LON:SYM) shares jumped after the company said it expects full year profit before tax to be “significantly higher” than current market expectations.
The plastic additives company expects pre-tax profit to be not less than £350,000 for the year to December 31, compared to £123,000 in 2016.
It anticipates revenues of around £8.0mln versus £6.8mln last year, boosted by increased sales of its d2w oxo-biodegradable plastic additives in Saudi Arabia.
Shares rose 9.80% to 14.0p.
Tullow Oil PLC (LON:TLW) shares, on the other hand, fell 5.26% to 172.80p after saying it has plugged and abandoned the Araku-1 well in Suriname.
The company said it failed to make a commercially significant discovery at the well.
“The Araku-1 well was an ambitious wildcat exploration well that was drilled efficiently and at very low cost,” Exploration Director Angus McCoss said.
“While we have not made a commercial discovery, we are encouraged by recovering gas condensate from the well and remain fully committed to exploration in Suriname and Guyana,” he said.
10.00am: System1 shares drop as first half profits slump
System1 Group PLC (LON:SYS1) is under the cosh after the marketing services group reported a 70% drop in first half profit.
Pre-tax profit fell to £850,000 as revenue declined 10% to £13.82mln as some significant fast-moving consumer goods clients cut or deferred market research budgets. The group was also hit by a shift of research spend towards automated lower cost research data.
"Whilst we have seen this trend over a number of years, it has gathered pace more recently," the group said.
Shares were down 22.70% to 400p each.
ATTRAQT Group PLC (LON:ATGT) shares were also under pressure as it cut its full year guidance.
The company, which provides search and merchandising services to online businesses through a cloud-based software as a service (SaaS), said a detailed review of its forecasts showed inaccuracies in predicting the timing of certain contracts and client ‘go-live’ dates.
A number of significant new contracts closed later than planned and other contract decisions were delayed.
The company now expects revenues for the full year to be about 10% below previous expectations. However, revenues will still deliver high single digit organic growth on the previous year, while underlying earnings (EBITDA) will broadly breakeven.
Shares fell 21.84% to 34p.
Kibo Mining PLC (LON:KIBO) shares received a boost after saying it has been awarded an environmental and social impact assessment (ESIA) certificate for the Mbeya coal project and the Mbeya power generation project in Tanzania.
The company said the ESIAs represent integral elements of the approval process for the company’s proposed Mbeya coal to power project (MCPP) and a further milestone in the energy project.
Shares rose 16.67% to 5.25p.
Karelian Diamond Resources PLC (LON:KDR) shares rose after being granted an exploration permit in the Kuhmo region of Finland.
The permit, which covers an area of 601.68 ha surrounding the location where the company discovered a green diamond, will last four years.
Share edged up 11.11% to 0.50p.
Other Proactive News Headlines:
A continued increase in orders for Symphony Environmental Technologies PLC's (LON:SYM) plastic additives in Saudi Arabia means the firm expects pre-tax profit for 2017 to be " significantly higher than current market expectations".
ReNeuron Group PLC (LON:RENE) has been awarded a further grant by the Welsh Government to advance its emerging exosome therapy platform.
Online merchandising specialist ATTRAQT Group PLC (LON:ATQT) told investors it now expects revenues to be below previous expectations but still showing organic growth, while its sales pipeline remains strong. The revised forecasts come after a review, at management's request, following Eric Dodd's appointment as finance chief at the beginning of September.
SDX Energy Inc (LON:SDX, CVE:SDX) told investors that drilling is now underway on the KSR-15 well at the Sebou project area in Morocco. KSR-15 is a development well that will take 21 to 30 days to drill and complete, prior to a flow test and connection to existing production facilities (with those operations expected to take up to 30 additional days).
Bushveld Minerals Limited (LON:BMN) has issued a revised competent person's report (CPR) for the Mokopane tin project in South Africa, ahead of the spin-off the group's tin assets into the new AIM listing AfrTin. It includes mineral resource estimates for the Groenfontein deposit and the Zaaiplaats deposit.
Metal Tiger PLC (LON:MTR) has told investors that it has increased its shareholding in Kingsgate Consolidated Limited (ASX:KCN). It has increased the shareholding in Kingsgate to 14.87mln shares, representing 6.65% of the company.
NetScientific PLC (LON:NSCI) portfolio company ProAxsis has signed a clinical trial partnership with National Jewish Health, the US's leading respiratory hospital. ProAxsis will work with the hospital on validation of its ProteaseTag point-of-care technology.
Biotech Redx Pharma PLC (LON:REDX) has moved a step closer to coming out of administration and being returned to the directors after a High Court ruling. The court yesterday approved the application by the joint administrators - FRP Advisory.
Kin Group PLC (LON:KIN) has explained the decision to consolidate its shares ahead of a fund raise and return from suspension on AIM. “The directors recognise that having over 125 billion shares in issue might create market stability issues.” Approval is now being sought for the shares to be consolidated on the basis of 5,000 into one.