ADVFN PLC - Essex, England-based provides global stock market information to private investors in the UK, US, Brazil and Italy - Says dispute with former director Clem Chambers and Online Blockchain PLC has been settled amicably. With this matter now resolved, the board looks forward to renewing its relationship with Clem Chambers and Online Blockchain to all parties' mutual advantage. Read More
(Alliance News) - ADVFN PLC on Thursday said its full-year loss narrowed despite a decline in revenue, as it reduced operational costs. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Pretax loss narrows 14% to GBP532,000 in the six months to December 31, from GBP622,000 a year prior. Revenue declines 25% to GBP2.3 million from GBP3.1 million. "The decrease in revenues was primarily attributable to continued adverse market conditions and the discontinuance of company units which no longer supported our business goals," Chief Executive Officer Amit Tauman says. Total administrative costs decrease 20% to GBP2.8 million from GBP3.5 million. Cost of sales decrease 44% to GBP109,000 from GBP196,000. Cash balance as at December 31 surged to GBP4.8 million from GBP647,000 a year prior. Looking ahead, CEO Tauman says the company is focused on continuing the current "improved trend". Read More
(Alliance News) - ADVFN PLC on Thursday maintained an optimistic outlook for the year ahead, despite seeing revenue decline and loss widen over the financial year. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - ADVFN PLC on Tuesday said it was winding down the operations of ALL IPO, the online trading platform it bought in July 2009. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Expands to Korea, establishes first presence there. Concludes deal with its joint venture partners in Brazil, integrating Brazilian operation into ADVFN, including the absorption of costs and revenues. Says it has agreed to terms of a call option to acquire partner's 50% interest in Brazilian joint venture in due course. Says that current market conditions remain challenging, with revenue at low levels and low advertising sales reflecting soft market for financial media. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Reports revenue of GBP3.1 million for the six months that ended December 31, down 28% from GBP4.3 million a year before. Swings to pretax loss of GBP622,000 from profit of GBP202,000, as gross profit falls to GBP2.9 million from GBP4.1 million a year before. Basic loss per share is 2.36 pence, compared to an earnings per share of 0.77p a year earlier. ADVFN says results are in line with guidance provided at the time of its GBP4.5 million open offer of shares back in January. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Says Finance & Technical Director Jon Mullins plans to step down immediately. Adds that it is in process of identifying a successor. In order to facilitate an orderly handover of responsibilities, Mullins will continue to provide financial consultancy services to the company on an interim basis. In the meantime, Chief Executive Amit Tauman will assume board responsibility for finance. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Says Financial Conduct Authority has approved Chief Executive Amit Tauman, and his father Yair Tauman, a holding of up to 29.9%. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Raises GBP4.5 million through the issue of 13.7 million new open offer shares and 4.6 million warrants at an issue price of 33 pence per share. Read More
(Alliance News) - ADVFN PLC on Friday said it closed its open offer, issuing 17.3 million shares, to raise funds for the development of new products and tools. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - ADVFN PLC on Tuesday reported it swung to an annual loss amid worsening market conditions and one-off settlements with its former directors. The company also proposed an open offer of shares to raise up to GBP6.8 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Amit Tauman, an executive director, becomes chief executive, effective immediately. Jon Mullins, who had been acting chief executive, reverts to the role of chief financial & technology officer. The changes follow the departure of ADVFN co-founders Clem Chambers and Michael Hodges, who had been CEO and chair, respectively, earlier this year. Read More