Company News
Sirius Real Estate profits on the rise as portfolio tops £1bn
Germany-focused property investment firm Sirius Real Estate saw profits rise throughout the first half of its trading year on the back of improved rental income and a rising portfolio value.
Redx Pharma swings to a loss following 'seminal' year
A year after clambering out of administration, drug discovery and development outfit Redx Pharma swung to a loss but remains confident of making progress with a drug pipeline refocused on cancer and fibrosis.
Thalassa receives second earn-out balance from Fairfield Geotechnologies
Thalassa Holdings announced on Monday that, following its announcement on 23 October, it has received the second balance of $0. 6m of the earn out from Fairfield Geotechnologies.
Hikma US launches generic version of Pfizer insomnia tablets
Hikma Pharmaceuticals' US subsidiary has launched a generic equivalent to Pfizer's Halcion tablets for insomnia.
ECO Animal Health enters licensing deal with University of Georgia
ECO Animal Health has entered into a licensing deal with the Poultry Diagnostic & Research Center of the College of Veterinary Medicine at the University of Georgia, it announced on Monday.
RedT Energy installs 'world-first' system at Melbourne university
Energy storage solutions company RedT Energy announced on Monday that its 1MWh vanadium flow and lithium-ion hybrid energy storage system was now installed and operational at a site in Melbourne, Australia.
TomCo Energy shares resume trading as board seeks funding
Oil shale exploration, development and technology group TomCo Energy announced the appointment of Turner Pope Investments as its broker with immediate effect on Monday.
Pipehawk dented as revenue slides and loss expands
PipeHawk’s shares dived almost 15% on Monday after annual profits and revenues dipped as orders came through later in the year than expected.
Ocean Outdoor preparing for re-listing on London Stock Exchange
Digital out-of-home advertising operator Ocean Outdoor announced on Monday that it was on track to re-admit to trading on the London Stock Exchange by the end of the year.
Richoux to sell Piccadilly lease for £500k
AIM-listed restaurant owner Richoux said on Monday that it has agreed to sell the lease to Richoux Piccadilly for £500,000 in cash, which will be used for working capital.
Vast Resources begins exploration drilling at Zagra
Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that surface exploration drilling has begun at the Magura Neagra and Piciorul Zimbrului prospecting licenses, collectively known as Zagra, in northern Romania.
Cradle Arc secures funding extension for troubled Mowana asset
Cradle Arc subsidiary Leboam has secured a $4m extension to its pre-existing loan facility Fujax Minerals and Energy, an Africa-focused raw materials supplier, allowing it to step up operations at its Mowana copper mine in Botswana.
Tristel acquires European medical waste outfit
AIM-listed infection control company Tristel has acquired European medical waste outfit Ecomed Services for a total consideration of €5m.
Ironveld raises £0.4m as it expands operations at Bushveld
Ironveld, the owner of a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld complex in Limpopo Province, South Africa, announced on Monday that it has raised £0. 4m before expenses through a placing of 24,242,420 new ordinary shares at a price of 1. 65p each.
Amur lays out strategic plan at Kun-Manie, looks for partners
Nickel-copper sulphide mineral exploration and development company Amur Minerals Corporation updated the market on its fully integrated strategic plan for its Kun-Manie nickel copper sulphide project on Monday.
Mitie to sell social housing business to Mears for up to £35m
Outsourcer Mitie has agreed to sell its social housing business - Mitie Property Management and MPS Housing - to Mears Group for up to £35m in cash.
Diploma stockpiling ahead of Brexit; FY profits up 9%
Industrial seals maker Diploma said it was building up stocks to cope with any disruptions caused by Brexit as it reported a 9% rise in full year pre-tax profits.
Versarien inks funding agreement for Chinese manufacturing centre
Engineering outfit Versarien has entered into a memorandum of understanding with Jinan High-tech Financial Investment with regards to the AIM-listed firm's ongoing plans to establish a manufacturing centre in China's Shandong Province.
CYBG COO Debbie Crosbie to step down as she heads to TSB
Debbie Crosbie will step down as chief operating officer at CYBG, the owner of the Clydesdale Bank and Yorkshire Brands, to take up the role of chief executive officer at TSB Bank, a subsidiary of Spain’s Sabadell.
International PPL upbeat on outlook after decent start to year
Public infrastructure project and business investor International Public Partnerships updated the market on its portfolio performance for the period from 1 July to 16 November on Monday, reporting a 0. 9% increase in its net asset value per share to 146. 3p for the six months ended 30 June.