Maistro PLC (LON:MAIS) saw its shares jump 16% higher in early trade on Tuesday as the eProcurement specialist said it expects its first half 2018 revenue to exceed full-year 2017 levels. In a brief business update, the AIM-listed firm added that the strong revenue performance contribute to “increasing management confidence that this trend will accelerate into 2019 and beyond.”
Corero Network Security PLC (LON:CNS) cheered the market with a trading update in which it said full-year results are expected to be in line with expectations.
Pan African Resources plc (LON:PAF) has more than doubled the mineral resource estimate at its Royal Sheba gold project in South Africa after results from the latest round of drilling “exceeded expectations”.
Savannah Resources Plc (LON:SAV) has revealed what it described as “outstanding” drill results from the Mina do Barroso lithium project. The explorer is carrying out both reverse circulation and diamond drilling at the Grandao area of the project where it has unearthed higher-grade lithium mineralisation over significant widths. Highlight results from Grandao included grades between 1.14% and 1.46%.
Summit Therapeutics PLC (LON:SUMM) reckons it might have found “multiple” new ways to attack and kill hospital-acquired superbugs such as MRSA. New treatments for the ESKAPE – Enterococcus faecium, Staphylococcus aureus, Klebsiella pneumoniae, Acinetobacter baumannii, Pseudomonas aeruginosa, Enterobacter spp. – pathogens are needed as they become increasingly resistant to existing antibiotics.
Tlou Energy Ltd (LON:TLOU) told investors that the closing date has been extended for proposals in the process for the coal-bed-methane fuelled power project in Botswana. A new deadline of October 10 has been set, extending from September 2018.
Real Good Food PLC (LON:RGD) has sold its Haydens Bakery business to Icelandic food giant Bakkavor Group PLC (LONBAKK) for £12mln.
Challenger Acquisitions Limited (LON:CHAL) said the developers of the New York Wheel project have applied for an extension of a settlement agreement to get the project back on track.
ValiRx Plc (LON:VAL) said “commercial activity” around its lead cancer drug candidate has continued as it updated on both VAL401 and next in the queue, VAL201. Chief executive, Dr Satu Vainikka, said she looked forward to the “successful crystallisation of substantial value for patients and shareholders".
Sound Energy PLC (LON:SOU) told investors it has been awarded a production concession for the Tendrara gas discovery, bringing the field development project closer to a final investment decision. The AIM-quoted explorer said it expects to make a decision once additional key development milestones have been secured – namely, the securing of a gas sales agreement, funding and regulatory formalities.
Commercial aircraft leasing group Avation PLC (LON:AVAP) bumped up the dividend by more than a fifth after a solid year in which it diversified its revenue base.
Argo Blockchain PLC (LON:ARB) has significantly increased its cryptocurrency mining capacity through the introduction of new server technology. Use of the upgraded ASIC servers will enable Argo to support 3,000 new subscribers or seven times more than its existing installed capability.
Dale Solomon, who has been chief operating officer of Learning Technologies Group PLC (LON:LTG) since 2014, is to quit the group in mid-November as his family is relocating overseas.
Azerbaijan-based gold and copper miner Anglo Asian Mining Plc (LON:AAZ) has moved into a net cash position after a period of strongly rising production from its three mines. At the end of 2015, Anglo Asian had a debt of US$49mln, but confirmed yesterday it had paid all of this down and now has a positive bank balance. Earlier this year the miner said it would a pay a dividend soon due to the improvement in its financial position.
CentralNic Group PLC (LON:CNIC) has acquired the business assets of GlobeHosting Inc, a Romania and Brazil-focused registrar and domain hosting provider based in Delaware.
Active Energy Group PLC (LON:AEG) , the international biomass-based renewable energy and forestry management business, said it has received notification that on 4 September 2018 Gravendonck Private Foundation disposed of 20,000,000 ordinary shares in the group at a price of 2.4p per share. Following this disposal, the group said, Gravendonck remains Active Energy's largest shareholder and holds 221,898,809 ordinary shares, representing 21.48% of the group's issued share capital with voting rights.
Action Hotels PLC (LON:AHCG) announces that, following its announcement on 5 April 2018, Alain Debare today stepped down as the group’s chief executive officer and from its board. The firm – which in August agreed to a cash takeover offer from a group backed by existing Action Hotels directors - said, as an interim measure the company's current chief financial officer, Andrew Lindley, will assume the responsibility of acting CEO in addition to his duties as CFO.