FairFX Group Plc (LON:FFX), the electronic banking and international payments group, has got off to a strong start to 2018 with revenue up 18.7% year-on-year on a like-for-like basis.
Midatech Pharma Plc (LON:MTPH) is “fully focused” on advancing its drug pipeline “into clinical development and beyond”, according to chief executive designate, Dr Craig Cook. Positive clinical trial readouts for Q-Octreotide would accelerate the path to product registration, the company said.
Directa Plus Plc (LON:DCTA) is to work with one of Italy’s leading re-tread companies to produce better performing tyres for buses and lorries. Marangoni will work with Directa’s G+ compound to produce a bespoke product designed for specifically for commercial vehicle re-treads.
PowerHouse Energy Group PLC (LON:PHE) has announced a new equity issue, raising ££576,276 in capital to support ongoing commercial development of its energy systems. The company issued 115.2mln new shares through an oversubscribed placing and direct subscription, priced at 0.5p.
Summit Therapeutics PLC (LON:SUMM) told investors that it highlighted the discovery of new mechanism antibiotic candidates for the treatment of gonorrhoea at an industry event in Europe. It was disclosed in a ‘late-breaking’ presentation at the European Congress of Clinical Microbiology and Infectious Diseases (ECCMID) held in Madrid, Spain.
Sound Energy PLC (LON:SOU) has reported that the company’s ongoing 3D seismic campaign, onshore Morocco, is making progress. The Phase 2 seismic is now mostly complete, that’s according to the explorer’s Twitter account.
Kromek Group PLC (LON:KMK) has been awarded a three-year project by the UK’s innovation agency, Innovate UK to deliver a molecular breast imaging device. The radiation monitoring company said the project, commencing in mid-2018, is worth £1.4mln.
Echo Energy Plc (LON:ECHO) has told investors that the second well workover in Argentina has been a success. The CSo-80 well, within the Fracción D asset, was opened up in a previously untapped reservoir section and a combination of oil and water flowed to surface, the company revealed.
Hurricane Energy PLC (LON:HUR) has appointed Steven McTiernan as the company’s new non-executive chairman, effective May 1. He will replace interim chair David Jenkins who will return to his position as senior independent director.
Highlands Natural Resources Plc (LON:HNR) said after market close on 20 April that it now has funding for six additional wells at its East Denver Niobrara shale oil and gas project in Colorado.
Savannah Resources Plc (LON:SAV) is pushing ahead with pre-feasibility work at the Mutamba mineral sands project in Mozambique. Four license applications are under consideration by the Mozambican mines department and Savannah will shortly take a 10 tonne bulk sample.
Tlou Energy Ltd (LON:TLOU) updated investors on its activities in the three months ended March 31, in which the company focussed on the Lesedi and Mamba coal bed methane (CBM) projects in Botswana. At Mamba, the company successfully drilled its first core-hole, and it purchased a drilling rig to facilitate a programme of multiple additional core-holes.
Natural resources companies backer Baker Steel Resources Trust Ltd (LON:BSRT) saw net asset value (NAV) per share rise by 18.6% in 2017 to 56.8p. The increase in NAV was marginally lower than the 20.7% rise notched up by the trust’s benchmark index, the Euromoney Global Mining Index, although it is worth noting that 80.6% of Baker Steel’s holdings are in unquoted investments, which are carried at “fair value” - i.e. the directors’ best estimate of what they were worth.
Diversified Gas & Oil plc (LON:DGOC) said it has expanded its workforce and strengthened senior management following its acquisitions of Alliance Petroleum Corp (APC) and oil and gas assets from CNX Gas Company (CNX).
Ferrum Crescent Ltd (LON:FCR) has appointed Spanish consultancy Mining Sense to advise and assist in exploration work and preparation for a preliminary economic assessment at the Toral lead-zinc project in Spain.