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Iconic Labs PLC's CEO expects firm to be profitable within three months after JOE media deal

Iconic Labs PLC's (LON:ICON) John Quinlan speaks to Proactive London's Andrew Scott after announcing they've signed a significant services contract with Greencastle Capital to manage the JOE media business. He says they'll be managing all operational and commercial aspects of the JOE media businesses in the UK and Ireland following regulatory clearance. In return, the company will be paid a monthly fee of £50,000 as well as 25% of all profits if certain targets are met.

Quick facts: Iconic Labs PLC

Price: 0.013 GBX

LSE:ICON
Market: LSE
Market Cap: £4.86 m
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Market Report: FTSE 100 retreats as UK employment tumbles

Headlines from the Proactive UK newsroom. The FTSE100 was on the back foot as the new job numbers highlighted how business is suffering due to the pandemic. The blue chip-index shed 60 to 6,232. People on UK payrolls fell by 649,000 between March and June, according to the government....

on 16/7/20

2 min read