TRADING UPDATES: Eleco sells subsid; Ilika battery deal with Brompton
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Phoenix Copper Ltd on Friday reported that shareholder NIU Invest SE is seeking to requisition an extraordinary general meeting, with proposals including an independent investigation into past unauthorised payments. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC said it would work to implement the proposed tender offers by 30% stakeholder Saba Capital Management LP, after shareholders shot down its own offer at a general meeting on Friday. Read More
(Alliance News) - The FTSE 100 closed little changed on Friday ahead of peace talks between the US and Iran this weekend. Read More
Scottish Mortgage Investment Trust PLC - Edinburgh-based investment company - Says that at its general meeting on Friday, the resolution approving and adopting its new investment objective and policy was passed by shareholders, with 99.72% of votes in favour. Includes "limited additional capacity of up to GBP250 million" to invest in private companies. Chair Christopher Samuel says this "provides important flexibility for the company to pursue attractive private company investment opportunities that arise when the proportion of the portfolio in private companies exceeds 30% of total assets." He adds: "We believe this measured change strengthens the company's ability to pursue long-term returns on behalf of shareholders, while remaining firmly within a disciplined and well governed framework." Read More
(Alliance News) - Stack BTC PLC on Friday reported that it had swung to a loss in the first half, amid a reorganisation of the company as it sharpens its focus on cryptocurrency. Read More
Marechale Capital PLC - London-based adviser and financing provider for consumer brands, leisure, clean energy, mineral extraction and technology companies - Notes that its investee company Weardale Lithium Ltd has secured a GBP700,000 grant through the UK government's "DRIVE35 Scape-Up: Feasibility Studies" competition, which supports the next phase of development at its geothermal lithium project in County Durham. Read More
(Alliance News) - Dekel Agri-Vision PLC on Friday reported "a strong pickup" in crude palm oil production last month, and was similarly positive on its cashew operation. Read More
(Alliance News) - Zenith Energy Ltd on Thursday provided an update on its ongoing arbitration against Tunisia. Read More
Eden Research PLC - Oxfordshire, England-based developer of biopesticides and formulation technologies for the crop protection, animal health and consumer products industries - Completes a conditional placing, announced back in February. Says it has raised a total of GBP10.8 million through a combination of the conditional placing, a firm placing, and a firm subscription and retail offer, all priced at 4.0 pence per share. Completion of the fundraise was conditional on changes to the enterprise investment scheme and venture capital trust legislation announced in the UK government's Autumn Statement passing into law. Read More
(Alliance News) - Keir Starmer said Nato was "in America's interests" but European members must strengthen their commitment in the wake of the Middle East ceasefire after Donald Trump stepped up threats to pull out of the military alliance. Read More