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Investor Update: Clinigen expects profits to increase by more than a third

Top stories from the Proactive Investors UK newsroom.

Clinigen (LON:CLIN) will post annual revenues at least 19% higher this year with underlying profits up by more than 30%. Acquisitions plus good underlying growth overall have driven the improvement.

European Metals (LON:EMH) is to receive a €2mln convertible loan from Czech state-owned power group CEZ to help develop its lithium project. CEZ will become one of the group’s largest shareholders if it converts the loan.

BigDish (LON:DISH) has partnered with restaurant award group Oceanic Media, which will promote the app via various marketing channels to over 3,500 UK restaurants that receive nominations.

Ryanair has warned that the grounding of Boeing’s 737 Max aircraft has forced it to revise its schedule meaning next summer’s growth will now be 3% rather 7%. Some airports will be cut due to the lower than expected passenger numbers.

Rio Tinto might have to pay almost US$2bn more than expected due to delays to the underground copper mine development at Oyo Tolgoi in Mongolia. Unexpected geotechnical issues have caused the delay to the project, which is now scheduled to start producing up to 30 months later than expected in June 2023.

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