Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

EARNINGS AND TRADING UPDATES: Accsys narrows interim pretax loss

21st Nov 2023 15:08

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

----------

Starvest PLC - Mineral exploration investor - Says shares will be cancelled from trading on AIM from November 29, after a special resolution concerning the matter was approved at a general meeting held today. Follows a previous announcement, wherein Starvest proposed cancelling its London listing, frustrated by its shares trading at a "substantial discount". At the time, the firm complained that its shares were trading at a discount to the value of its underlying investments, including Greatland Gold PLC, which makes up a large majority of its assets.

----------

Tremor International Ltd - Israel-headquartered company offering an end-to-end technology advertising platform - Says Nexxen announces the launch of TV Viewership Audiences across the UK, as well as the expansion of its broader TV Intelligence offering in the US. Earlier in June, Tremor announced the rebranding of the products and platforms within its portfolio as Nexxen.

----------

SkinBioTherapeutics PLC - Newcastle, England-based life science company focused on skin health - - Says that following the closing of its retail offer via BookBuild on Monday, 1.3 million ordinary shares will be issued at 19 pence each, raising an additional GBP250,000. Adds that as the retail offer was heavily oversubscribed, allocation was made to existing shareholders applying the principles of soft pre-emption.

----------

Accsys Technologies PLC - London-based wood building products manufacturer - For the six months ended September 30, reports revenue of EUR71.2 million, up 21% from EUR58.9 million a year prior. Pretax loss is EUR13.1 million, narrowed from a EUR56.3 million loss the previous year. Looking ahead, Accsys says while the market is still challenging, it expects better trading conditions in the second half. Separately, launches a placing to raise approximately EUR13 million at 69.35 euro cents per share. Will issue approximately EUR19 million to EUR21 million new convertible loan notes to raise between EUR9 million and EUR11 million, with new fundraising bringing gross proceeds of EUR34 million.

----------

Eneraqua Technologies PLC - London-based energy and water efficiency solutions provider - Says Chief Executive Officer Mitesh Dhanak buys 320,000 shares at 40.1 pence on Monday. Following the purchase, Dhanak has an 18.5% stake in the company.

----------

Currys PLC - London-based consumer electronics retailer - Enters into an agreement for the sale of Dixons South East Europe AEVE, the holding company of Currys' entire Greece and Cyprus retail business, trading as Kotsovolos, to Public Power Corporation SA. Says resolution seeking approval of the disposal was approved at a general meeting on Tuesday. Completion of the disposal is expected take place in the first quarter of 2024, subject to merger control clearance from the European Commission or the Hellenic Competition Commission, and certain other conditions.

----------

Tesco PLC - groceries and general merchandise retailer, headquartered in Welwyn Garden City, England - Says Chair Gerry Murphy buys 50,000 shares at GBP2.8 each on November 17, for a total of GBP138,137.95.

----------

Zenova Group PLC - Fire suppression and interdiction solutions company - Says that its FX fire extinguisher range has now been as been certified across fire classes A, B and F, with capability to be used on combustible materials, flammable liquids and cooking oil as well as being safe for use on electrical equipment. Believes this certification will allow Zenova to expand into the USD3.8 billion in the international fire extinguisher market.

----------

By Holly Beveridge, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value7,706.28
Change21.79