Power Probe to raise USD15 million as prepares for AIM float
(Alliance News) - Power Probe PLC on Thursday said it expects to float on London's AIM market on Thursday next week, with preparations for admission at an advanced stage. Read More
(Alliance News) - Power Probe PLC on Thursday said it expects to float on London's AIM market on Thursday next week, with preparations for admission at an advanced stage. Read More
(Alliance News) - Big Yellow Group PLC on Thursday said talks with Blackstone Europe LLP regarding a possible bid had ended. Read More
Albion Enterprise VCT PLC - London-based investor focused on longer term capital growth - Publishes results for the six months to September 30. Net asset value per share is 112.72 pence compared to 116.22p at March 31. Total loss is GBP1.5 million, swung from a GBP9.5 million gain in the year prior. Dividend is 2.91 pence, down from 3.14p. Declares second dividend for year to March 2026 of 2.82 pence compared to 3.28p a year prior. Looking ahead, says it maintains "a diversified portfolio of growth focused companies," many of which "demonstrated resilience in challenging conditions". Remains confident in the long term potential of its portfolio. "Our investment strategy remains focused on supporting high potential, early stage businesses, and we continue to see attractive opportunities in sectors aligned with growth trends driven by innovative technology," Albion adds. Read More
Gelion PLC - London-based battery energy storage systems firm - Achieves major technical milestone in the development of its next-generation sulfur battery technology, calling it "a major step" towards delivering high-energy-density, low-cost sulfur-based batteries for e-aviation, electric mobility, stationary storage and other commercial applications. Specifically, Gelion says its proprietary cathode active material crosses the 4Q threshold, demonstrating stable cycling with the industry-recognised 4Q areal capacity in coin cells, the industry-standard platform for evaluating new battery materials. This follows the successful technology transfer from the Max Planck Institute of Colloids and Interfaces and the Gelion CAM scale-up announced in September. Gelion says the achievement directly supports its energy-density and cost objectives for next-generation sulfur-based batteries. Read More
NARF Industries PLC - London-based cybersecurity provider - Government Research & Development segment wins 2-year, USD3.6 million contract from a US government research and development agency. Narf will develop novel approaches to accelerate computer system recovery after cyber-attacks. Read More
GENinCode PLC - Oxford-based genetic testing company and Thermo Fisher Scientific Inc - Waltham, Massachusetts-based life science technology firm - Thermo Fisher Scientific to sell, distribute and manufacture GENinCode's CARDIO inCode-Score Polygenic Risk Score test for the prediction and prevention of coronary heart disease. On Thursday, the test was approved by the New York Department of Health, leading shares higher. Discussions with the US Food and Drug Administration are ongoing, and GENinCode expects to submit additional data to complete its De Novo assessment application in the first quarter of 2026. The Thermo Fisher agreement covers sale and distribution across the US and Europe, Middle East and Africa. Prior to US FDA approval, laboratories will have access to CARDIO inCode-Score as a lab developed test for the prevention of heart disease. Following approval, the collaboration will extend to manufacturing and sale of the device to laboratories and test centres across the US. The approach will be similar in the EMEA market. Read More
(Alliance News) - The FTSE 100 closed higher on Thursday, despite downbeat construction data, amid growing conviction of a US interest rate cut next week. Read More
Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 627,758 shares Ninety One PLC at an average 213.98 pence, worth around GBP1.2 million, from Monday to Wednesday. Last week, it bought 144,512 shares for GBP302,724. Forty Two Point Two is wholly owned by the Marathon Trust. Chief Executive Hendrik du Toit and Finance Director Kim McFarland are associated with the trust. Ninety One Assurance Ltd directors Johan Schreuder and Malcolm Gray, and Ninety One Guernsey Ltd Director Adam Fletcher are also associates of the trust. Read More
(Alliance News) - The High Court in London on Wednesday rejected BHP Group Ltd's application for an anti-suit injunction that sought to block the latest move by class action firm Pogust Goodhead in ongoing litigation over the 2015 Fundao dam collapse in Brazil. Read More
(Alliance News) - Yellow Cake PLC on Thursday reported a rise in its net asset value as it swung to a profit and a total uranium gain from losses. Read More
(Alliance News) - Trustpilot Group PLC on Thursday afternoon rejected a report published by short seller Grizzly Research LLC. Read More
British American Tobacco PLC - London-based maker of cigarette and vaping products - Intends to sell between 7% and 15.3% of shares in ITC Hotels Ltd in a block trade through an accelerated bookbuild. Says the final number of shares sold will be determined to optimise the overall pricing outcome to the group. BAT has held 15.3% of ITC Hotels since its demerger from ITC Ltd, the Kolkata-based conglomerate with businesses across India's consumer goods sector. ITC Hotels has been trading as a publicly-listed entity since January this year. Read More