(Alliance News) - The FTSE 100 ended the week on a high on Friday, as Iran declared the Strait of Hormuz completely open, sending oil prices sharply lower. Read More
Quantum Helium Ltd - Sydney-based miner targeting helium, hydrogen and hydrocarbons in the US and Australia - Raises GBP5 million through a conditional placing of 16.67 billion new ordinary shares at 0.03 pence each. Says it undertook the placing with multiple institutional investors who approached it, "reflecting growing interest in Quantum's asset base and the strategic importance of domestic US helium supply." Says it intends to use the proceeds to advance development, planning and engineering works at its Sagebrush project; to progress permitting, planning and work towards drill-ready targets at its Coyote Wash project; to dund well planning, long-lead items and infrastructure design at both projects; to support ongoing technical work, including seismic interpretation and subsurface modelling; and for additional working capital and financial flexibility. Says it is using existing cash resources to fund "the key near-term operational milestone" of its extended production test at the Sagebrush-1 well. Adds that it "expects a number of significant operational updates in the coming weeks," with the next phase focused on perforating and testing the first of two zones in the Leadville Formation. Says perforations are scheduled to start this coming week. Read More
(Alliance News) Quantum Base Holdings PLC on Friday said its annual revenue has "significantly" increased, but its Ebitda loss has widened more than expected, citing contract-related delays. Read More
(Alliance News) - Helios Investment Partners LLP on Friday said its consortium will not support the proposed 110 pence per share StoneX is offering for CAB Payments Holdings PLC. Read More
(Alliance News) - The UK and France will lead a peaceful mission to protect freedom of navigation in the Strait of Hormuz, UK Prime Minister Keir Starmer said on Friday. Read More
(Alliance News) - Cora Gold Ltd announced on Friday that it has agreed on full funding to production for its Sanankoro gold project. Read More
(Alliance News) - Renewables Infrastructure Group Ltd on Friday flagged an expected reduction in its net asset value, as a result of UK carbon policy changes. Read More
(Alliance News) - London shipping insurers have agreed to provide USD1 billion in extra coverage for vessels sailing through the Strait of Hormuz, a crucial trade route paralysed by the Middle East war, in a statement seen by AFP on Friday. Read More
(Alliance News) - Company failures have jumped higher again in March due to a surge in firms collapsing into administration, as experts warned more may go bust as the Iran war and soaring wage bills send costs surging. Read More
(Alliance News) - Trafalgar Property Group PLC on Friday reported a GBP1.9 million fundraise and outlined plans to restructure the company. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London were mixed at midday on Friday, with investors awaiting more concrete news on the Middle East. Read More
Metlen Energy & Metals PLC - Athens-based energy and metallurgy company - Senior Independent Director Ioannis Petrides purchases 4,000 shares at EUR34.94, worth EUR139,760, on Wednesday in London. Read More