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Lastest Finance News

IN BRIEF: Aura Energy issues tranche of USD16.2 million placement

25th Mar 2024 16:54

Aura Energy Ltd - Minerals exploration company with projects in Mauritania, Sweden and Western Australia - Completes issue of first tranche of ordinary shares from the USD16.2 million placement previously announced on March 18. The first tranche consisted of raising USD16.1 million before costs, via the placement of 89.7 million shares at USD0.30 each to new and existing institutional and sophisticated investors. Read More

IN BRIEF: ActiveOps names James Bawa as managing director

25th Mar 2024 16:53

ActiveOps PLC - Reading, England-based management process automation software provider for back-office operations - Names James Bawa as group managing director, Anna Itsiopoulos as APAC regional managing director, and Alex Darko as regional chair of the Africa business, each reporting to Chief Executive Officer Richard Jeffery. Bawa was previously CEO of PEXA UK, taking it from start-up to an AUD1 billion-market cap Australian Stock Exchange listed payments platform. Read More

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

25th Mar 2024 16:51

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions. Read More

IN BRIEF: Beeks Financial confirms SOC 2 compliance of products

25th Mar 2024 15:28

Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Confirms Service Organization Control 2 compliance for its proximity cloud and exchange cloud products. SOC 2 compliance is a standard developed by the American Institute of Certified Public Accountants and demonstrates Beeks' "adherence to rigorous safeguards for security of customer data." Read More

Ryanair welcomes "much-needed" management overhaul at Boeing

25th Mar 2024 15:06

(Alliance News) - Ryanair Holdings PLC on Monday said it welcomed the management shake-up at Boeing Co which will see the firm's chief executive and chair step down this year. Read More

DIRECTOR DEALINGS: Chemring Director Ord sells GBP500,000 in shares

25th Mar 2024 15:01

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Tandem shares fall as swings to loss and revenue declines

25th Mar 2024 15:01

Tandem Group PLC - Birmingham, England-based sports and leisure product retailer - Revenue in 2023 falls by 17% to GBP22.2 million from GBP26.7 million a year earlier. Swings to pretax loss of GBP1.2 million from a profit of GBP900,000. Says the results are in line with market expectations. Read More

IN BRIEF: Neo Energy bumps Jason Brewer up to executive chair

25th Mar 2024 14:49

Neo Energy Metals PLC - near term, low-cost uranium developer - Says that non-executive chair Jason Brewer has been appointed executive chair with immediate effect. This move is designed to support Chief Executive Officer Sean Heathcote in delivering on accelerated development plans for the Henkries uranium project, and expanding the company's uranium interests around Henkries and throughout Southern Africa. Read More

IN BRIEF: Directa Plus gets EUR1 million loan for Setcar acquisition

25th Mar 2024 14:44

Directa Plus PLC - London-based graphene product manufacturer - Enters EUR1.0 million loan agreement with Nant Capital LLC. The funding will be used to complete the final payment for the acquisition of Setcar SA. In February, Director Plus agreed to buy further 49% stake in Setcar, the group's environmental services subsidiary, for EUR1.5 million. This took Directa Plus's holding to just under 100%. Read More

Tungsten West reaches final stage in reopening Devon mines

25th Mar 2024 14:38

(Alliance News) - Tungsten West PLC on Monday commenced a public consultation as part of the process to receive a mineral processing facility permit for its Hemerdon asset. Read More

Gunsynd investees raise GBP5.5 million for battery metal exploration

25th Mar 2024 14:28

(Alliance News) - Gunsynd PLC on Monday announced that its investee company, Aberdeen Minerals Ltd, has raised GBP5.5million in an equity financing round. Read More

IN BRIEF: Sondrel concludes exhibit negotiations for chip deal

25th Mar 2024 14:25

Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Concludes negotiations of the exhibits to the material design and supply contract, which has a total estimated value of USD23 million. The contract, Sondrel explains, is for a "next generation, video processing chip across the design, qualification and projected production life of the product". Read More

Bioventix ups dividend as profit rises; says headwinds temporary

25th Mar 2024 14:24

(Alliance News) - Bioventix PLC on Monday said it is excited about the scientific output of its Gothenburg Alzheimer's collaboration as it announced an increased dividend backed by higher profit. Read More

IN BRIEF: Orosur to regain ownership of Anza project, Colombia

25th Mar 2024 14:23

Orosur Mining Inc - South America-focused minerals explorer and developer - Says it will regain full ownership of its Anza project in Colombia, as it aims to repurchase it from Colombian firm, Minera Monte Aguila after having recently signed a letter of intent. Says it plans to reassume ownership and operatorship, with recommencement of drilling underway. The proposed consideration set out in the deal is a net smelter return royalty of 1.5% and cash payments of up to USD15 million, payable upon meeting certain agreed production thresholds. Chief Executive Officer Brad George says: "After such a long period in abeyance, we are excited at the prospect of reassuming ownership and control of Anza at this time of buoyant gold prices and heightened market interest in precious metals. Most importantly, the structure of the transaction whereby all consideration is deferred and contingent upon production allows us to immediately direct our resources into the ground." Read More

Kanabo shares higher as Germany reclassifies medical cannabis

25th Mar 2024 14:16

(Alliance News) - Kanabo on Monday noted that Germany from April will classify cannabis as a prescription medication. Read More

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