Headlines from the Proactive Investors UK newsroom this morning:
Cryptocurrency miner Argo Blockchain PLC (LON:ARB) has agreed a share swap with peer Hive Blockchain at a price of 11.8p or more than three times the close on Friday. The deal came as Argo is facing a boardroom battle with a general meeting called to appoint a representative of colourful business Frank Timis to its board.
African Battery Minerals (LON:ABM) has acquired an 18.26% stake in Molopo Farms Complex in Botswana. The MFC Project comprises three exploration licences believed to prospective for nickel, PGM and copper.
Centrica (LON:CNA) is to launch a strategic review of its whole business alongside its upcoming interim results after another profit warning. The power utility says a combination of warmer than normal weather, falling UK natural gas prices and nuclear outages will hit first half results..
Beleaguered lender Metro Bank has repeated its intention to raise £350 million through a share issue after social media reports at the weekend about potential financial issues. The challenger bank said final discussions about a placing are underway with existing shareholders and new investors.
US fund manager Coast Capital has requisitioned a shareholder meeting to remove the majority of the board of bus and train FirstGroup and replace them with their own nominees. FirstGroup said it was confident it has the right team with the right experience and plans in place to add shareholder value.