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Lastest Finance News

IN BRIEF: Avon Protection expects revenue weighted in the second half

27th Jan 2023 11:14

Avon Protection PLC - Wiltshire-based respiratory protection equipment manufacturer - Says the first quarter sales of financial 2023 are at a similar level to the same period a year earlier, after a strong final quarter in respiratory in financial 2022. Revenue was USD271.9 million for financial 2022. Says revenue in Q1 rises 6% year-on-year, driven by the "previously anticipated increase in sales of armour products". No actual figures are given, only percentage figures. Expects revenue to be weighted in the second half of financial 2023. Read More

Gensource Potash completes placement for proceeds of USD1.8 million

27th Jan 2023 11:13

(Alliance News) - Gensource Potash Corp on Friday said that it has completed the second and final closing of its previously announced non-brokered private placement, proceeds of which will be used to advance its Tugaske project. Read More

Coro Energy increases dividend entitlement for Philippines project

27th Jan 2023 11:12

(Alliance News) - Coro Energy PLC on Friday said that it has restructured its arrangements with partners in the Philippines to up its dividend entitlements, as it prepares to further develop projects in the region. Read More

Sovereign Metals voluntarily halts trading on Australian stock market

27th Jan 2023 11:11

(Alliance News) - Sovereign Metals Ltd on Friday said it has voluntarily halted trading its securities on the Australian Securities Exchange. Read More

Retail sales stagnate in Ireland during December, CSO says

27th Jan 2023 11:11

(Alliance News) - Retail sales in Ireland were largely unchanged over December, according to the country's Central Statistics Office on Friday. Read More

IN BRIEF: Savannah says deal with MRG Metals on mining asset expired

27th Jan 2023 10:46

Savannah Resources PLC - Europe-focused lithium development company - Says the period to conclude an option agreement with MRG Metals Ltd for its remaining mining concession in Mozambique has expired. Both parties have mutually decided not to proceed with entering into an option agreement. Read More

IN BRIEF: Avation chief commercial officer Mahoney leaves role

27th Jan 2023 10:43

Avation PLC - Singapore-based passenger aircraft leasing firm - Chief commercial officer Roderick Mahoney sells 148,667 shares for 115.19 pence each for a total of GBP172,305 as he retires from his role. Mahoney continues to serve as a non-executive director and board member of Avation. The company appoints Head of Commercial Development Soeren Ferre to the role of chief commercial officer. Read More

IN BRIEF: Goldstone issues GBP2.4 million convertible loan notes

27th Jan 2023 10:42

IN BRIEF: Goldstone Resources Ltd - West Africa-focused gold development company - Issues GBP2.4 million of convertible loan notes to gold-mines operator Blue Gold International Ltd, which are due for redemption on November 30, 2024. The notes may be converted at any time prior to redemption into new Goldstone shares at a conversion price of 3.25 pence per share. BGL also receives warrants to subscribe for up to 60.0 million Goldstone shares at a price of 4.00p per share, at any time until January 26, 2025. Read More

UK chancellor focuses on inflation over tax cuts in growth plan

27th Jan 2023 10:33

(Alliance News) - The UK chancellor, Jeremy Hunt, said the "best tax cut right now is a cut in inflation" as he outlined how he plans to use Brexit and investment outside of London to drive UK economic growth. Read More

Ince agrees GBP1.3 million sale of legal practice to Enable Law

27th Jan 2023 10:32

(Alliance News) - Ince Group PLC on Friday said it agreed to sell its personal injury and clinical practice to Clinical Negligence Services Ltd for a cash consideration of GBP1.3 million. Read More

First Tin hails good start to year on tin confirmation at extension

27th Jan 2023 10:30

(Alliance News) - First Tin PLC on Friday touted the potential of the Taronga tin project, as drilling proved a southwestern extension to its current resource area in Australia. Read More

IN BRIEF: Faron Pharmaceuticals raises EUR12 million via shares

27th Jan 2023 10:28

Faron Pharmaceuticals Ltd - Turku, Finland-based biopharmaceutical drug discovery and development company - Raises EUR12.0 million via placing of 3.7 million shares at the issue price of EUR3.25 each. Faron says that with these proceeds and the current level of activity, it has sufficient working capital into the third quarter of 2023. Read More

Galantas Gold acquires 217 square kilometre Gairloch project

27th Jan 2023 10:16

(Alliance News) - Galantas Gold Corp on Friday said it has agreed to acquire the Gairloch project in Scotland from the owners of the Gairloch Estate. Read More

AIM WINNERS & LOSERS: Faron Pharmaceuticals raises EUR12 million

27th Jan 2023 10:11

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More

IN BRIEF: Tlou Energy cash falls as expects to drill at Lesedi 6 soon

27th Jan 2023 10:05

Tlou Energy Ltd - Brisbane, Australia-based power project developer - Expects completion of a 100 kilometre transmission line at Lesedi project in Botswana expected for mid-2023. Expects drilling at Lesedi 6 production pod to start in the first quarter of 2023. Meanwhile, no ground operations have been carried out so far at Boomslang project in Botswana, where the license is set to expire in June 2024. Tlou Energy adds that its cash position at December 31 was AUD6.1 million, down 22% from AUD7.9 million at June 30. Read More

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