(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while initial jobless claims for the week came in steady. Read More
Smartspace Software PLC - Bury St Edmunds, England-based developer of smart software solutions - At court and general meeting, shareholders vote in favour of GBP28.4 million takeover by Florida-based software company Sign In Solutions Inc, which was agreed and recommended by the Smartspace board last month. Shareholders vote 97% in favour of takeover at both meetings. As a result, the takeover scheme has been approved. Read More
(Alliance News) - JZ Capital Partners Ltd on Thursday said it will soon return about USD40 million to shareholders, and announced a new USD20.5 million investment into JZHL Secondary Fund LP. Read More
Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Pretax loss widens 49% to USD3.3 million in 2023, from USD2.2 million in 2022. Notably, Kavango reports pre-licence exploration costs of USD1.2 million for 2023, compared to none a year prior. Administrative cost decrease 7.0% to USD2.1 million from USD2.2 million. The company is in a pre-revenue state so far. Kavango expects to start drilling at Kalahari copper belt project in Botswana in the middle of the second quarter of 2024. Notes that in March it signed its first contract to start immediate gold mining operations at the Hillside project in Zimbabwe. Read More
(Alliance News) - Cadence Minerals PLC announced on Thursday it had submitted environmental reports ahead of schedule for the licencing of its Amapa Ore Project. Read More
(Alliance News) - The US and the UK announced widespread sanctions against Iran's military drone programme on Thursday in response to its recent direct attack against Israel. Read More
(Alliance News) - Challenger Energy Group PLC on Thursday said it has entered into a binding agreement that will see Charlestown Energy Partners LLC become one of the largest shareholders. Read More
(Alliance News) - Ascent Resources PLC on Thursday said that its subsidiary Ascent Slovenia Ltd filed its claim in the Geoenergo insolvency process. Read More
(Alliance News) - Empire Metals Ltd on Thursday announced it had successfully completed its third phase of reverse circulation drilling at the Pitfield project in Western Australia. Read More
(Alliance News) - Pineapple Power Corp PLC said on Thursday it had reached agreements regarding provisional executive roles for its Ilios Hydrogen Canada Ltd investment. Read More
LendInvest PLC - London-based non-bank mortgage lender - Says in the year ended March 31, Platform assets under management grew 7.6% to GBP2.78 billion from GBP2.59 billion a year prior. Funds under management jumped 15% to GBP4.13 billion from GBP3.61 billion a year ago. Looking ahead, LendInvest expects to announce full-year results in line with market expectations with respect to both net operating income and pretax profit. Says it remains "cautiously optimistic" of returning to profitability during financial 2025. Chief Executive Officer Rod Lockhart says: "Throughout the year, despite the broader challenges, we've continued to make progress against our long-term strategic goals. Our adaptability in response to dynamic market conditions and commitment to our customers are underscored by our ongoing product innovation and the evolution of our proprietary next-gen technology." Read More
(Alliance News) - Carr's Group PLC on Thursday said opportunities for its Engineering division are being explored as part of an ongoing strategic review. Read More