12th Sep 2023 14:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - Buys Wilson Field Group for GBP4.8 million. This comprises cash of GBP3.1 million and the issue of new ordinary shares with a value of GBP1.7 million, plus a subsequent payment for the net assets acquired on completion. Wilson Field is based in Sheffield and comprises the operating businesses of Wilson Field Ltd and Wilson Field Financial Services Ltd, providing restructuring advisory and debt advisory services. Two of the firm's Directors, Nick Wilson and Kelly Burton will join FRP as Partners. In year to August 31, 2022, Wilson Field generated revenue of GBP5.3 million and reported earnings before interest, tax, depreciation and amortisation of GBP700,000. "FRP's strategy is to generate sustainable profitable growth by combining a focus on organic growth with acquisitions that meet the Group's selective criteria. This approach enables the Group to increase market share, broaden the service offering to clients and expand the geographical footprint," FRP says. The acquisition is the co'mpanys seventh since its initial public offering in March 2020.
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Aterian PLC - London, England-based mining firm, formerly known as Eastinco Mining & Exploration PLC - Extends support to Morocco in the aftermath of earthquake. Says operations have not been directly impacted. "We are deeply saddened by the devastation caused by the recent earthquake in Morocco. Our thoughts and prayers are with the affected communities. Aterian is committed to providing immediate assistance and longer-term support to help Morocco recover and rebuild," says Chief Executive Simon Rollason.
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Northern Bear PLC - Newcastle, England-based building services firm - Confirms that it has continued to trade in line with management's expectations since publication of its preliminary results on July 17. Says trading in the new financial year, from April 1 to July 31, is ahead of strong prior year results for the same period, and site activity levels remain high despite the ongoing economic challenges and their related impact on the construction industry. Non-Executive Chair Jeff Baryshnik says: "I am delighted that whilst relatively early in the Group's financial year, our forward order book remains robust and is expected to support full year results in line with management's and the market's expectations." Expects to release interim results in November.
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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - confirm the successful "go live" of the Johannesburg Stock Exchange's Colo 2.0, making on demand private cloud computing and low latency analytics available to JSE customers. JSE is the largest stock exchange in Africa. The contract was signed in June. "Colo 2.0 is an advanced managed infrastructure as a service based on the Beeks Exchange Cloud offering, in partnership with IPC. Colo 2.0 provides JSE customers with leading edge innovative hosting and connectivity solutions, accessing on-demand private cloud computing and low latency analytics," Beeks says.
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Billington Holdings PLC - Barnsley, England-based company focused on structural steel and engineering - Says subsidiary, Billington Structures Ltd, has been certified as 'carbon neutral' for its operations, by Carbon Neutral Britain, following their audit of Billington Structures emissions and carbon dioxide offsetting programme. Billington says it is undertaking carbon reduction initiatives across the company with a view to all of the company's businesses being certified as carbon neutral "in due course."
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Ondine Biomedical Inc - Vancouver-based life sciences company specialising in photodisinfection therapies - Launches an eight-month evaluation of its Steriwave nasal photodisinfection technology at the University of Alberta's Mazankowski Alberta Heart Institute in Edmonton, Canada. Says the evaluation will include around 1000 cardiac surgery patients treated with Steriwave to further reduce post-surgical infection risk. Surgical site infections are complications in cardiac surgery patients and are strongly associated with poorer prognosis, longer hospitalization, higher medical costs, and high mortality. "Universal pre-operative nasal decolonization has been found to significantly decrease SSIs caused by the infection-causing pathogen S. aureus following cardiac procedures," Ondine says.
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Pires Investments PLC - London-based investment company focusing on next-generation technology - Seeks shareholder approval to change the name of the company to Mindflair PLC. Says it will hold its annual general meeting on October 9.
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R8 Capital Investments PLC - London-based fintech with a bitcoin banking app - Changes name from Mode Global Holdings PLC. The ticker "MODE" will remain unchanged.
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By Sophie Rose, Alliance News reporter
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