(Alliance News) - ADVFN PLC on Monday said Chair & Co-Founder Michael Hodges will step down with immediate effect, after 22 years with the company. Read More
(Alliance News) - Stock prices in London were higher at midday on Monday following the long holiday weekend in the UK, after an easing of virus lockdowns in China, while the pound appreciated ahead of a no-confidence vote in Westminster. Read More
(Alliance News) - ADVFN PLC shares plunged on Monday, as the company said its second half outturn was hit by a soft market, and high expenses from "costly" corporate activity in the period. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Chief Executive Officer Clem Chambers agrees to step down "in the best interests of the company", after major shareholder Yair Tauman demanded his removal. Chambers will resign as CEO and as a company director, with effect from next Monday. Chief Financial Officer & Chief Technology Officer Jonathan Mullins will replace Chambers as CEO. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Receives indicative proposal from an "overseas investor operating in a similar business segment" for a minority investment and business collaboration. The unnamed strategic investor would subscribe for new ADVFN shares for a 9.9% interest, and ADVFN would use the cash raised to fund the collaborative business development projects with the investor. The approach follows ADVFN's decision earlier this month to end the formal sales process it had launched back in January, saying it preferred to build value instead through partnerships and joint ventures. Read More
ADVFN PLC - London-based operator of financial information websites for private investors - Posts a pretax profit of GBP202,000 in the six months ended December 31, down 23% from GBP264,000 a year before. This is on revenue which is stable at GBP4.2 million. "We have been a little more aggressive in investing for the future in this half with the addition to our offerings of new features and data, with a special focus on Crypto," company says. Read More
