Asos looks to bolster finances to progress turnaround plan
26th May 2023 10:15
(Alliance News) - Asos PLC announced fundraising plans in a bid to help its turnaround, confirming the suspicions of one City broker. Read More
(Alliance News) - Asos PLC announced fundraising plans in a bid to help its turnaround, confirming the suspicions of one City broker. Read More
(Correcting that currency movements result in net revenue headwinds in the second half of financial 2023, not the second quarter.) Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - XLMedia PLC shares fell on Friday, after it said revenue in the first half will be lower due to strong comparative and lower customer spending. Read More
Actual Experience PLC - Bath, England-based analytics-as-a-service company - Appoints Iain McCready as chief executive officer. He will join the board of the company as an executive director with effect from June 1, subject to due diligence by Actual Experience's nominated adviser. Read More
Wishbone PLC - Gibraltar-based, Australia-focused mining company - Reports results from enhanced processing by Expert Geophysics Ltd of MobileMT survey across all Cottesloe properties. Cottesloe project is located in Western Australia, south east of Wishbone's Red Setter project. Says eight priority targets were identified, all less than 400 metres below the surface. Wishbone says gravity survey and 3D inversion of aeromagnetic data to assist with target refinement will start shortly, as will heritage survey. Drilling will start once heritage survey is complete; Wishbone will announce timing and details in due course. Once next phase of drilling is complete, company will expand the geochemical sampling programme to cover more areas. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
Kin & Carta PLC - London-based business consultancy - Expects net revenue for financial 2023 ending on July 31 to be flat to about 2% higher compared to the year before. Says the revised financial year net revenue guidance reflects recent currency movements, which result in net revenue headwinds in the second quarter GBP3 million, compared to the previous market forecast. Says the backlog for financial 2024 continues to build and is now GBP133 million, compared to GBP105 million a year ago. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Pretax loss widens in 2022 to GBP5.2 million from GBP645,000 the previous year, with the company saying this was due to the macroeconomic difficulties with interest rate hikes and the Ukraine war dampening returns. However, the company says that the "results have been skewed by the steps Helios has taken to position our portfolio to yield significant returns", with a three-year lag in the recognition of underwriting profit in the company accounts distorting returns. Revenue doubles to GBP143.3 million from GBP71.8 million, whilst net premiums written soars to GBP187.6 million from GBP79.1 million. Helios Underwriting recommends a final dividend of 3 pence per share, unchanged from last year. Read More
Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Says first phase of engine testing with Vertoro BV joint-venture confirms material improvements in efficiency and emissions reductions with bioMSAR fuel. Says it has produced stable blends of bioSMAR containing up to 40% of Vertoro's crude sugar oil, which shows energy efficiency improvements of 7%, resulting in reduced fuel consumption and lower carbon dioxide emissions. Quadrise and Vertoro have been working together since September last year to develop a cost-effective supplement or alternative to glycerine in Quadrise's bioMSAR fuel. Read More
SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Says Chief Executive Officer Adam Binks will step down following publication of annual results on June 26. He will remain as a consultant for six months "to ensure the orderly and smooth transition of his responsibilities." Also on June 26, Heejae Chae will join as executive chair and "take day-to-day responsibility" for running SysGroup. Chae was previously CEO of Scapa Group PLC and Volex PLC, and is chair of the remuneration committee at IP Group PLC. Following Chae's appointment, current Non-Executive Chair Michael Edelson will step down to become a non-executive director. Edelson plans to retire following next annual general meeting in September. Read More
(Alliance News) - Chamberlin PLC on Friday said it has raise GBP330,000 through a placing of 11.0 million new shares at a placing price of 3 pence per share, as well as an additional GBP30,000 from a subscription. Read More
(Alliance News) - Hurricane Energy PLC on Friday said annual profit and revenue climbed, benefitting from a higher oil price. Read More
(Alliance News) - Mediclinic International PLC said on Friday that the consortium led by the Johannesburg-listed investment firm, Remgro Ltd, had completed the acquisition of the healthcare group. Read More
(Alliance News) - Zenith Energy Ltd shares were up on Friday, after it said it plans to buy in the US. Read More