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Lastest Finance News

IN BRIEF: Trellus Health interim loss widens but optimistic for future

5th Oct 2022 06:55

Trellus Health PLC - New York-based digital health platform provider - Last Friday notes interim loss widens as firm is still in development phase but remains funded into at least 2025. Pretax loss in the half-year that ended June 30 widens to USD4.8 million from USD1.6 million a year prior. Virtually all of loss in either period are administrative expenses. Revenue at USD10,000 versus none. "The group is in the development phase of its business and has only generated revenues related to implementation services totalling USD10,000," company explains. Read More

LONDON MARKET EARLY CALL: Stocks called lower ahead of OPEC+ meeting

5th Oct 2022 06:49

(Alliance News) - Stocks in London are set to open lower on Wednesday, with UK Prime Minister Liz Truss set to deliver her keynote conference speech, and oil-producing nations meet to discuss their production strategy, Read More

Alliance News UK - start of day

5th Oct 2022 06:31

(Alliance News) - Welcome to the Alliance News UK service (ISSN 2515-9453), consisting of the Alliance News UK Professional and its family of financial newswires serving investors and their professional advisers. Read More

UK PM Liz Truss puts faith in growth plan to quell Tory opposition

5th Oct 2022 06:00

(Alliance News) - Liz Truss will say the "disruption" from her plans to revive the country's economy will be worth it as she battles to save her premiership after just a month in the job. Read More

BoE acted 'appropriately' quickly to UK budget proposal: IMF chief

5th Oct 2022 05:59

(Alliance News) - IMF chief Kristalina Georgieva said Tuesday the Bank of England correctly moved swiftly in reaction to Britain's budget proposal late last month – a plan which included a now-scrapped tax cut for the wealthy and send the pound dramatically lower. Read More

IN BRIEF: Predator Oil & Gas mulls legal process regarding FRAM loan

4th Oct 2022 21:57

Predator Oil & Gas Holdings PLC - operator of Guercif petroleum agreement onshore Morocco and developer of onshore fields in Trinidad - On Monday, following a review of its interim and annual financial statements, says there was no reference to the FRAM loan in its annual statements. Says there is no explanation as to why the chief executive officer of FRAM Exploration Trinidad Ltd unilaterally terminated the Inniss-Trinity CO2 EOR pilot project with 24 hours' notice. Says correspondence gave undertakings regarding the project to progress. Adds its position remains unchanged regardings the FRAM loan, as it outlined on June 7. Determines that there is an option to resolve the issues but says that if this option cannot be progressed it will continue with the legal process. Read More

IN BRIEF: UniVision Engineering suspended from trading on AIM

4th Oct 2022 21:56

UniVision Engineering Ltd - Hong Kong-based CCTV and surveillance system company - On Monday, temporarily suspended from trading on AIM pending the publication of the company's annual audited accounts. Read More

EARNINGS SUMMARY: Dolphin Capital loss narrows; Cindrigo widens loss

4th Oct 2022 21:46

(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

IN BRIEF: British Smaller Cos intends to raise GBP50 million

4th Oct 2022 21:27

British Smaller Cos VCT PLC and British Smaller Companies VCT2 PLC - venture capital trusts managed by YFM Equity Partners - On Monday, together say they intend to launch a new combined offer for subscription for the tax year 2022/23. Intend to raise up to GBP50 million, with over-allotment facilities of up to GBP25 million, before issuing costs. Read More

EARNINGS SUMMARY: Aura Energy, nanosynth loss widens; MiLOC revenue up

4th Oct 2022 19:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Bezant in talks with joint venture partner over expenditure

4th Oct 2022 19:54

Bezant Resources PLC - copper-gold project developer - On Monday, notes an announcement by Caerus Mineral Resources regarding a joint venture agreement between itself and Bezant regarding expenditure of up to USD500,000 every 45 days prior to the start of an agreed work programme. Says Caerus has requested GBP227,549 from the company, and Bezant has provided the payment. Bezant says it has been in "recent communication" with Caerus regarding an outstanding amount and an update on the prospects of the joint venture. Neither Bezant nor Caerus have sought to commence any dispute resolution procedures, it adds. Read More

TRADING UPDATES: Horizonte Minerals makes progress at nickel project

4th Oct 2022 19:50

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: NWF backs outlook; Braemar impresses

4th Oct 2022 18:06

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News: Read More

First Class Metals considers purchase of Sunbeam project from Nuinsco

4th Oct 2022 17:30

(Alliance News) - First Class Metals PLC on Tuesday said it is considering a potential acquisition of gold assets in Ontario. Read More

LONDON MARKET CLOSE: FTSE 100 higher; Greggs boosted by strong sales

4th Oct 2022 17:02

(Alliance News) - Stocks in London closed in the green on Tuesday as investor sentiment was positive on the back of the Reserve Bank of Australia's decision to slow the pace of interest rate hikes. Read More

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