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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Proactive news headlines: Litigation Capital Management, Apollon Formularies, Cornerstone FS, Blackbird...

A glance at some of the day's highlights from the Proactive Investors newswire

Litigation Capital Management Limited (LON:LIT) said it expects its second specialist litigation fund with a size of US$300mln to close this quarter after strong interest from potential investors.

Apollon Formularies PLC (AQSE:APOL) said its cannabis formulations have been shown to work against prostate cancer in a preclinical model.

Futura Medical PLC (LON:FUM) said it enjoyed a positive interaction with the US drug regulator which should pave the way for its erectile dysfunction gel to be sold over the counter.

Cornerstone FS PLC (LON:CSFS) said it is “confident of delivering revenue growth for full year 2021” as trading recovers from the impact of the pandemic, with trading volumes increased in the first half of 2021 following a contraction in the second half of 2020.

Curtis Banks Group PLC (LON:CBP) said it is continuing to see “strong levels of organic growth” in its first half following a robust performance in 2020.

Instem PLC (LON:INS) reported sales grew 45% in its latest half-year due to a combination of organic growth and first contributions from recent acquisitions The Edge and d-wise.

EQTEC PLC (LON:EQT), a gasification technology and engineering company, said its revenue and earnings remain on track for 2021.

IQGeo Group Plc (LON:IQG) said it will report a strong first half financial performance, in line with expectations.

BB Healthcare Trust PLC (LON:BBH) saw its net asset value per share rise 9.75p to 182.26p in the six months to the end of May.

One Media iP Group PLC (LON:OMIP) has acquired certain composition and recording rights to the catalogue of the prolific and massively successful country music star Don Williams.

Caerus Mineral Resources Plc (LON: CMRS) has commenced a second phase of drilling at the Troulli copper-gold project in Cyprus. Troulli is the flagship property in the suite of assets acquired from the recent takeover of PR Ploutonic Resources Ltd.

Shanta Gold Ltd (LON:SHG) reduced its production guidance for this year due to weaker output in the second quarter and a revised operating plan, although it said it remained on track to become a mid-tier gold producer in Africa.

Europa Metals Ltd (LON:EUZ) has completed the requisite work and collated and submitted all the relevant documentation to the Spanish Government Centre for the Development of Industrial Technology (CDTI) in relation to the Stage 1 milestone of its €466,801.50 innovation grant, details of which were initially announced on 19 October 2020.

Union Jack Oil PLC (LON:UJO) has received a carbon intensity study on the Biscathorpe hydrocarbon project, and highlighted that the study reached positive conclusions.

United Oil & Gas PLC (LON:UOG) announced the success of its latest development well, Al Jahraa-8 (AJ-8), at the Abu Sennan concession in Egypt.

Jade Road Investments Ltd (LON:JADE) welcomed an update from Future Metal Holdings Ltd, one of the investment vehicle’s main holdings, on its large open-pit dolomite magnesium limestone quarry in China’s Shanxi province.

Sensyne Health PLC (LON:SENS) announced it is mulling a potential dual listing on Nasdaq.

Shares in Naked Wines PLC (LON:WINE)(OTCQX:NWINF) have started trading on the OTCQX Best Market in the United States, under the ticker symbol ‘NWINF’.

Blackbird PLC (LON:BIRD) said it will start trading on the OTCQX Best Market under the ticker 'BBRD' on Wednesday 28 July.

Aquis Exchange PLC announced that Newbury Racecourse PLC has successfully applied to transfer its admission from the Access segment of the AQSE Growth Market to the Apex segment, with effect from market open on 19 July 2021.

Ergomed PLC (LON:ERGO) announced the appointment of Peel Hunt as the group's joint corporate broker with immediate effect. Numis will continue to act as the group's nominated adviser and joint corporate broker.

Chariot Limited (LON:CHAR) announced that it has issued an additional 645,351 ordinary shares at a price of 5.5p per share to Magna Capital LDA, a company of which acting-CEO Adonis Pouroulis is a substantial shareholder, as payment of commission in accordance with the terms of the underwriting agreement entered into between the company and Magna.

Following 150Km of soil sampling, an 18km long target has now been identified at South Ghanzi in Botswana, a project that is held in a 50/50 joint venture between Kavango Resources PLC (LON:KAV) and Power Metal Resources PLC (LON:POW). Kavango is the operator.

The Hellyer mine in Tasmania, 100%-owned by NQ Minerals PLC (LON:NQMI)(AQSE:NQMI), generated A$19.8mln from production of base and precious metals during the second quarter to June 2021. Operating profits rang in at A$11mln and net income was A$5.7mln.

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