Piedmont Lithium Inc (ASX:PLL, NASDAQ:PLL, XETRA:).’s partner, Sayona Mining Ltd (ASX:SYA), has discovered a new southern lithium pegmatite zone at the Moblan Lithium Project in Québec.
Assay results from two holes at the newly defined Moblan South discovery have identified lithium mineralisation at shallow depth, approximately 200 metres south of the main Moblan deposit.
Apple Inc (NASDAQ:AAPL) reported a record-breaking March quarter for revenues with the release of its 2Q earnings demonstrating strong consumer demand for the company’s products and services.
For the quarter ending March 26, 2022, the company reported $97.3 billion in revenues, compared to $89.6 billion for the same period in 2021, exceeding analyst expectations of $94.4 billion.
Amazon.com Inc (NASDAQ:AMZN) stock is plummeting after hours following the release of its 1Q earnings that revealed the impact of the pandemic, labour shortages, unionization efforts and other challenges on the business.
The company reported a 7% increase in revenues, achieving $116.4 billion for 1Q 2022, compared to $108.5 billion in the same quarter last year, which was in line with analyst expectations.
Lloyds Banking shares have limited upside even though the bank upgraded its profits guidance for the year yesterday, said broker Berenberg.
Rising UK interest rates are supporting Lloyds net interest margins (NIM) more materially and rapidly than expected, said the broker, but this was complemented during the first quarter by lower expenses and loan losses.
Twitter Inc (NYSE:TWTR) has admitted that it has been overstating its daily active users numbers by up to 1.9mln since 2019, which it said was the result of an error.
Shares in the social media company, which at the start of this week agreed a US$44bn buyout from Tesla boss Elon Musk, barely moved as it made the admission as part of first-quarter results.
Berenberg says the stand-out from today’s drilling update from Greatland Gold was hole HAD145AW1, which targeted the Eastern Breccia and Intersected 150.1m at 3.7g/t gold and 0.15% copper.
This is 100m to the east of the resource delineated in the Eastern Breccia, said the broker.
Barclays PLC (LSE:BARC) continues to be dogged by its foul-up on the loan book front, which has caused its share buyback to be delayed for a second time.
The bank initially suspended its £1bn buyback programme in March for three months after it inadvertently sold more securities than it had on its books, requiring the bank to buy back the “phantom” securities.
AFC Energy PLC (AIM:AFC, OTC:AFGYF, ETR:QC8) said one of its hydrogen fuel cells will be showcased at Air One, the flying taxi airport that opened in Coventry last week.
One of its hydrogen batteries will be used to charge Air One’s fleet of electric vehicles (EVs), following on from an agreement signed between AFC and Urban-Air Port last September.
Greencare Capital PLC (AQSE:GRE) said chief executive Richard Tonthat will be stepping down with immediate effect in order to pursue other business interests.
Guy Winterflood, a non-executive director is also stepping down, while Dominic White and Martin Walton are joining the board as non-executive chairman and non-executive director respectively.
Indian billionaire Mukesh Ambani’s Reliance Industries is said to be considering a bid for chemist chain Boots.
Ambani, Reliance Industries' largest shareholder and chairman, is reportedly planning an offer with Apollo Global Management (NYSE:APO) (Apollo Global Management (NYSE:APO)), a US buyout firm.
Castillo Copper Ltd (LSE:CCZ, ASX:CCZ) said most of its focus in the first quarter of 2022 was on developing the East Zone, BHA Project in Broken Hill and Big One Deposit, NWQ Copper Project in the Mt Isa copper-belt in north-west Queensland.
At the BHA Project, work is progressing on potentially “proving up” a primary cobalt mineral resource estimate, while at Big One, Castillo's geology team has already mapped out the next drilling campaign, which is slated to start once ground conditions improve), seeking to extend the known orebody.
VP PLC (LSE:VP.) (VP PLC (LSE:VP.)) has put itself up for sale, sending its share price 14% higher to 938p.
Singer Nelly Furtado, the singer whose hit “I’m Like a Bird” won a Grammy award in 2001, is set to become the latest recording artist to sell the rights to her back catalogue.
Sky News reports that the Canadian artist is close to signing a deal with Hipgnosis Song Management, the investment advisor to London-listed Hipgnosis Songs Fund Ltd.
Apple Inc (NASDAQ:AAPL) is facing a new antitrust lawsuit in Brussels next week over how it discriminates against its competitors through its mobile payment system.
Competition investigators have accused the US$2.5 trillion company of breaking EU law.
Addison Lee said it cut losses for the first time since the pandemic thanks to a lifting of restrictions increasing demand.
The rideshare and taxi service, which operates in the UK and predominantly in London cut pre-tax losses from £38.9mln in 2020 to £23.1mln last year.
Archegos Capital Management founder Bill Hwang has been charged with fraud by US federal authorities.
Hwang, who was also the chief financial officer of the collapsed hedge fund, is expected to appear in court today along with his former sidekick, Patrick Halligan, charged with 11 criminal offences, including racketeering conspiracy, market manipulation and securities fraud.
The biggest question in American politics right now is: how far will the liberal establishment go to try to break Elon Musk?
It won’t be easy, but now he’s moved on Twitter, they will surely think it’s worth a try.
J Sainsbury PLC (LSE:SBRY) said it is beating competitors in the ongoing price war as inflation continues to hit customers' pockets.
According to a statement, it continues to inflate behind the market which is leading to an improvement in prices.
Mailbox REIT PLC, which owns the Mailbox building in Birmingham, said it has seen a positive first quarter in 2022 with further valuation increases, high rent collection, continued implementation of our ESG initiatives and positive leasing activity.
Stephen Barter, non-executive chairman added: “The conversion of 50,000 sq ft of retail space to higher value office accommodation on level one is due to open next month, providing Birmingham with a brand-new flexible workspace operated under IWG's Spaces brand, of which around a fifth has already been reserved.”
Carnival PLC (LSE:CCL) and Carnival Corporation (NYSE:CCL) chief executive Arnold Donald will step down in August and be replaced by the company's chief operations officer, Josh Weinstein.
Donald, one of relatively few black chief executives at major US companies, has led the cruise line operator since 2013 and will continue on the board as vice chairman.
Glencore PLC (LSE:GLEN) cut its full-year production guidance for copper, cobalt and zinc, the mining and trading giant said as it announced output for the first quarter.
While on the trading side, Glencore said its Marketing activities were supported during the quarter by tight physical market conditions and periods of extreme market volatility.
Smith & Nephew PLC (LSE:SN) said a recovery in elective surgery and good sports demand would keep it on track to hit its targets in 2022.
Revenue in the first quarter rose 3.3% on a reported basis to US$1.3bn for the quarter ended April 2, up from US$1.26bn a year ago.
Whitbread PLC (LSE:WTB) (Whitbread PLC (LSE:WTB)) said it would resume dividend payments as it announced a return to profit and a recovery in hotel bookings, but it also cautioned that cost inflation in the hospitality sector is set to be higher than previously expected.
The Premier Inn-owner posted statutory pre-tax profit of £58.2mln for the year to 3 March 2022, compared to a loss of £1bn in FY21. Revenue surged 189% to £1.7bn on the "strong recovery in sales" following the easing of COVID-19 restrictions, although it was still below the £2bn recorded in pre-pandemic FY20.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) highlighted “tremendous” drilling results from its flagship Havieron gold-copper project in Australia after joint venture partner Newcrest Mining Ltd released the new results in its quarterly reports.
Drilling into the Eastern Breccia returned an intercept about 100 metres (m) to the north of previously reported high-grade mineralisation (HAD104), and 100m east of the Eastern Breccia resource outlined in an updated mineral resource. The hole (HAD145AW1) returned 150.1m at 3.7 grammes a tonne (g/t) gold and 0.15% copper, including 42.3m at 8.6g/t gold and 0.4% copper.
Hurricane Energy PLC (LSE:HUR) shares gained more than 7% in Thursday’s early deals as the embattled UK offshore oiler said it expects to repay in full its outstanding bonds in July – and should still retain US$60mln of cash.
The company, which has spent the past couple of years in crisis mode, in today’s results statement for 2021 said it generated some US$240.5mln of revenue with a total of seven crude liftings over the course of 2021 as oil prices steadily rose.
Jersey Oil and Gas PLC (AIM:JOG) shares shot up in early deals after it said its Greater Buchan Area (GBA) farm-out is generating widespread interest.
Initial engagement and screening have led to Jersey Oil being actively engaged with multiple serious counterparties of scale, with ongoing due diligence involving two-way collaborative workstreams.
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) reported a near sevenfold surge in earnings last year and said it expects to more than triple its Bitcoin mining capacity in the coming year as mining operations begin next month at its new Helios mining facility in Texas.
Announcing results for the 2021 calendar year, in which it expanded its mining capacity from 0.6 Exahash per second (EH/s) to 1.6 EH, the cryptocurrency miner said it expects to achieve 5.5 EH/s of hashrate capacity by the end of 2022.
Empire Metals Ltd (AIM:EEE) said it has raised £1.7mln via a placing of stock at 2p a share.
The new cash will be used to accelerate drill programmes on the Eclipse and Gindalbie projects in Western Australia.
Europa Oil & Gas (Holdings) PLC (AIM:EOG) has hired Will Holland as its new chief financial officer and executive director, bolstering the management team as it seeks to grow the business.
"I'm delighted that Will has agreed to join Europa in a full-time capacity,” said chief executive Simon Oddie.
Libertine Holdings PLC (AIM:LIB) said it has progressed in line with plans outlined in its flotation prospectus of December 2021.
The linear generator products specialist said in a trading update covering the year to the end of March 2022 that it delivered £3mln of commercial and grant income contract milestones in the reporting period.
Great Western Mining Corp PLC plans to starts its 2022 drill programme in the coming weeks, the exploration and development company said alongside its 2021 financial results.
It has already provided details of the 2022 drilling campaign, which covers follow-up work at its Rock House, Olympic Gold and Mineral Jackpot projects in Nevada, and said it is funded for the programme.
Arecor Therapeutics PLC (AIM:AREC) said its ultra-rapid acting, ultra-concentrated insulin asset has the potential to become a best-in-class drug for the treatment of people requiring high doses of the hormone.
The company will present full data from a phase I clinical evaluation of AT278 at the 15th International Advanced Technologies and Treatments for Diabetes meeting.
Hydrogen Future Industries PLC (AQSE:HFI) said it expects 2022 will “continue as an exciting year” for the company as it published its first set of final results after floating on London’s AQSE exchange in December.
The results showed the company, which is pursuing a strategy to identify and develop hydrogen production systems, had a cash balance of £1.9mln at its 31 January year-end, having raised a gross £2.23mln as part of its initial public offer.
Ariana Resources PLC (AIM:AAU) has been granted three exploration licences in Kosovo covering a total of 239 sq km and in the vicinity of the Stanterg Mine, historically the largest lead-zinc mine in Europe.
Subsidiary Western Tethyan Resources, which is 75% owned by Ariana, has been awarded the licences with a further three awaiting approval.
Unilever PLC (LSE:ULVR) said its costs will be higher than previously expected in the second half of this year as the war in Ukraine has impacted global markets and accelerated increases in the price of raw materials and commodities.
The FTSE 100 consumer goods group said it will raise its prices to mitigate against the higher input costs, a move that is expected to impact sales volumes.
C4X Discovery Holdings PLC (AIM:C4XD) said it is in "advanced commercial discussions with multiple potential partners" for its NRF2 activator programme for inflammatory diseases.
If it inks a licensing deal, it will be the third cab off the rank for the group, which already has tie-ups with drug giants Indivior and Sanofi.
Bidstack Group PLC (AIM:BIDS, OTC:FTBGF) has signed a new and exclusive partnership with ‘Hollywood Story: Fashion Star’, a fashion and lifestyle game developed by Nanobit.
The in-game advertising company said ‘Hollywood Story: Fashion Star’ is a role-playing casual mobile game that allows players to live their movie star dream and experience the life of a celebrity.
Creo Medical Group PLC (AIM:CREO) said overall revenue for the year ended 31 December 2021 is expected to be just over £25mln - in line with the upgraded market expectations for the year.
Revenues in the first quarter have been strong, the medical device group said, supported by the reopening of markets post COVID-19 and the resultant backlog of demand for elective procedures, increased training and adoption of Creo's Speedboat Inject device.
Bitcoin and Ethereum recovered some ground, with most other cryptos languishing as the Nasdaq remained flat despite “pretty decent quarterly earnings” from Meta.
The largest coin by market cap gained 2.38% to US$39,390 to offset some of yesterday’s losses, although it is still trading below its key support level of US$40,000.
finnCap Group PLC said it has agreed to acquire a 50% stake in a net-zero and sustainability consultancy as part of its diversification strategy.
The stockbroker has today bought the stake in Cambridge-based Energise Ltd for roughly £2.1mln in cash and shares, with an option to acquire the remaining 50% by 2026.
Cloudbreak Discovery PLC (LSE:CDL) said it acquired the Foggy Mountain gold-silver-copper project in British Columbia, Canada.
The project is located immediately east of Centerra Gold Inc’s copper-gold Kemess project and lies along a mineralized corridor containing several past producing mines, including Shasta, Baker, Lawyers and Kemess.
ANGLE PLC (AIM:AGL, OTCQX:ANPCY) said it is in ‘regular and constructive’ dialogue with the US regulator as it awaits approval for its liquid biopsy technology.
It is initially seeking sign-off from the Food & Drug Administration for its Parsortix system to be used to assess women with metastatic breast cancer.
Barclays PLC (LSE:BARC) made an attributable profit of £1.4bn in the first quarter despite coughing up £0.5bn to set right its embarrassing structured finance product fiasco.
Group income rose 10% to £6.5bn from £5.9bn the year before, driven by a strong performance by the Corporate and Investment Banking (CIB) division.
Cellular Goods PLC (LSE:CBX) has filed its first patent application related to the use of cannabinoids for skin brightening to overcome changes as people age and during periods of hormonal change such as pregnancy.
The lab-generated CBD product specialist, which boasts ex-footballer David Beckham as a backer, said existing products rely on active ingredients such as Vitamin C, exfoliating acids and hydroquinones, which, while effective, can cause skin irritation and sensitivity.
Domestos, Dove and Wall’s owner Unilever delivers a trading update on Thursday.
The City’s working theory is that Unilever’s strong brand position - a mix of loyalty or inertia stopping customers from substituting for cheaper alternatives – will insulate the conglomerate from the worst of it, so the next update will be closely watched for reassurance.
Meta Platforms Inc (NASDAQ:FB) shares have jumped more than 16% after the bell following the release of better-than-expected earnings driven by an increase in users across the company’s platforms.
Facebook’s parent company reported total revenue for 1Q 2022 of $27.9 billion compared to $26.2 billion in the same quarter last year, coming in below analyst expectations of $28.2 billion.
The Boeing Company has reported an 8% decrease in revenues in its first quarter results for 2022, with its revenues coming in almost $2 billion below analyst estimates.
The company’s revenues dipped to $13.99 billion, down from $15.22 billion in 1Q 2021 and below Street estimates of $15.83 billion.
Elon Musk isn't one to shy away from legal and regulatory battles with the billionaire currently being investigated by several different bodies and organisations for a multitude of things.
His purchase of Twitter only looks likely to add to his list of investigations, although that isn't new to him.
Redx is to present a poster on RXC004 at the forthcoming American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago.
RXC004 is the company's lead oncology asset and a potent, orally active porcupine inhibitor in clinical development as a targeted therapy for Wnt-ligand driven cancer.
Alien Metals Ltd (AIM:UFO, OTC:ASLRF) is set for a “company defining year” according to stockbroker WH Ireland which expects to see the Hancock project, in Western Australia, de-risked over the course of 2022.
WH Ireland, in a note, sets a 2.7p per share ‘fair value’ for the junior mining group, suggesting potentially substantial upside to the current price of 0.78p.