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Investor Update: SkinBio signs commercial deal with chemical giant Croda

Headlines from the Proactive UK newsroom.

SkinBioTherapeutics (LON:SBTX) has signed a commercial and manufacturing agreement for its Skinbiotix technology with speciality chemical giant Croda.  It is the first major deal for the product with Croda to design and manufacture a new active skincare ingredient for its 12,000 cosmetic customers.

European Metals (LON:EMH) is to sell a majority stake in the Cinovec lithium project in the Czech Republic for €34mln. Local power utility CEZ is buying a 51% stake and will become the project’s strategic partner.

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) has told investors that it’s completed drilling the vertical section of the Kyalla 117 N2-1 appraisal well, in Australia’s Beetaloo basin.

Integumen (LON:SKIN) says a project in Ireland to test reservoir water for E.coli returned results with almost 100% accuracy in a matter of seconds. The Rinocloud AI platform tested samples from a fully autonomous data buoy at Inniscarra in Cork.

Kingfisher (LON:KGF) saw sales fall again due to problems with new ranges, reduced promotional activity, ongoing problems in France and a weak UK market.

Foreign exchange specialist Argentex (LON:AGFX) boosted half year revenue by 42% in its first results since listing. Underlying profits more than doubled to £6.5mln as uncertainty surrounding the general election and Brexit encouraged a rush of new corporate clients. 

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