Investor Update: Punchy read-through valuation for ADM Energy's Nigerian oil asset

Headlines from the Proactive UK newsroom.

ADM Energy (LON:ADME) has had a punchy read-through valuation placed on its 5% stake in its field, offshore Nigeria. Petronor has acquired a 12.2% economic interest for US$10mln with a further US$25mln based on future gas production.

Reneuron (LON:RENE) will present new data for its CTX treatment showing what it says is a “significant advance” for the stem cell platform. The biotech group said the data  shows for the first time that CTX can be used to produce new, non-donor-specific stem cells. 

Speciality polymers group Itaconix PLC (LON:ITX) has launched a new version of its Velafresh personal care range used for deodorants, aerosols and haircare. Existing odour control product RevCare has also been rebranded as Velafresh to consolidate the range under one brand.

Fracking in the UK has been dealt a blow by the National Audit Office, which says there is no evidence that it will lead to lower energy prices or that it could viably produce gas in meaningful quantities.

Sports Direct (LON:SPD) has slammed the board of Goals Soccer Centres (LON:GOAL) after it dropped plans to bid for the five-a-side league operator. In a statement the firm says ''Yet again, the independent shareholders of a UK listed company get wiped out through the skulduggery of others.'' 

Metro Bank’s (LON:MTRO) founder Vernon Hill has stepped down early from his role as chairman of the beleaguered lender. He had been expected to stay on until the end of the year.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of ADM Energy PLC named herein, including the promotion by the Company of ADM Energy PLC in any Content on the Site, the Company receives from...



Xpediator PLC's CFO Robert Ross and COO of Logistics Romania to step up as...

Xpediator PLC's (LON:XPD) CFO Robert Ross speaks to Proactive's Andrew Scott following the news chief executive Stephen Blyth will step down from the position. Blyth will continue as a director in the position of founder and non-executive deputy chairman. While the search for a permanent...

20 hours, 3 minutes ago

2 min read