(Alliance News) - Stocks in London ended higher on Friday as markets digested the latest US employment report, which came in far hotter than expected, and cheered as a bill to raise the US debt ceiling passed the Senate. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an extraordinary general meeting held on Friday. These include equity securities allotment, amendment of the Memorandum of Association and amendment of the Articles of Association. Says 35% of shareholders voted against these resolutions. Read More
(Alliance News) - Growth in US employment was far stronger than expected in May, according to the US Bureau of Labor Statistics on Friday, an economic data print that one analyst called a "nightmare report" for the US Federal Reserve. Read More
(Alliance News) - The Irish economy shrank in the first quarter of this year, data showed on Friday, following a major contraction in the multinational-dominated industry sector. Read More
Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Says it has raised GBP500,000 in gross proceeds through placing 12.5 million shares at 4 pence per share. Upon receipt of the proceeds the company will have around GBP700,000 in cash resources. It also has access to a GBP350,000 working capital loan under which no funds have yet been drawn down. Zenova intends to use the proceeds as general working capital as it continues progressing its growth strategy. It has applied for the shares to trade on AIM, and admission is expected on or around Tuesday next week. Read More
Iconic Labs PLC - London-based media and technology business focused on acquiring companies that operate in online media, artificial intelligence, and big data gathering, processing and analysis sectors - Says that European High Growth Opportunities Securitization Fund has subscribed for a GBP180,000 sixth tranche of convertible notes under the GBP3.0 million financing facility. Takes the total subscribed under the facility to GBP1.0 million. Application is being made for the 1.2 million new shares to be admitted to trading on the main market of the London Stock Exchange around June 8. Following the issue of these shares, company's issued ordinary share capital shall consist of 46.31 billion shares. Read More
(Alliance News) - Conduity Capital PLC on Friday said that it will now undertake a solvent liquidation, as shareholders have voted against the "future direction of the company." 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
Hemogenyx Pharmaceuticals PLC -hemo London-based biopharmaceutical group developing new therapies and treatments for deadly blood diseases - Notes receipt of notice from the US Food & Drug Administration over its investigational new drug application for its product candidate Chimeric Antigen Receptor T-cells, or Hemo-Car-T. Says Hemo-Car-T is a treatment for acute myeloid leukemia. Says FDA put Hemo-Car-T on clinical hold, pending an FDA letter to be received within 30 days detailing what additional information needs to be provided by Hemogenyx. Hemogenyx submitted the investigational new drug application in early May, seeking authorisation to begin a phase 1 clinical trial of Hemo-Car-T. Read More
(Alliance News) - Gran Tierra Energy Inc on Tuesday said production was up in the second quarter so far as it continues to bring wells online. Read More
(Alliance News) - Stock prices in London were higher at midday on Friday, as market attention shifts to US nonfarm payrolls this afternoon, while the US debt ceiling saga draws to a close. Read More
Aseana Properties Ltd - Jersey-headquartered property developer in Malaysia and Vietnam - On Wednesday said shareholders voted against discontinuation resolution at general meeting on Tuesday. Company will continue to seek asset disposal "in a measured manner" until next discontinuation vote in May 2025. At annual general meeting also on Tuesday, shareholders re-elected Chair Nicholas Paris with 57% of the vote; 43% voted against. Non-Executive Director Hock Chye Tan also was re-elected with 79% of the vote. However 67% voted against re-electing Monica Lai to the board. Lai's duties as non-executive director therefore have stopped with immediate effect. Read More