Small caps news round-up

Wine crowdfunding platform Naked Wines was eyeing up an exceptional financial year on Tuesday, breaking through the £100m annual sales barrier for the first time.The AIM-traded Majestic Wine, which owns and operates the Naked platform, said the milestone had been achieved since the start of the current financial year on March 31 2015.

Water products and services firm IQE reported on a solid year of growth on Tuesday, though it did face disappointment in its wireless arm in 2015. The AIM-traded company reported a 2% rise in revenues to £114m,, with photonics sales up 28% to £16m. During the year, the company also added a new revenue stream with license income of £8m, though the growth was tempered by an 11% reduction in wireless sales to £79.5m.

Ceres Power was revealed on Tuesday as a major part of a consortium, set to trial its steel cells as a way of extending the range of light commercial vehicles. The AIM-traded firm said it would receive £573,000 of a £772,000 grant from Innovate UK and the Office for Low Emission Vehicles.

The People’s Operator finally jumped on the 4G bandwagon on Tuesday, taking the wraps off its SIM-only contract plan. Costing £6.99 per month, the AIM-traded mobile virtual network operator (MVNO) - which piggy-backs on EE’s mobile network - said the new plan would allow its customers to donate 10% of their bill to a charity of their choice, as with its existing plans.

Tuesday brought completion of a change in the control of Eastern European residential property developer Kimberly Enterprises through a complicated series of share transactions. The AIM-traded firm’s board was notified that the transfer of control of 2,871,460 ordinary shares inEngel Resources and Developments (ERD) - held by receivers - to GBES, had been completed.

Shares in Shore Capital Group rebounded from their lowest level in two years after the stockbroker lifted full year profits 40% on robust revenues. Guernsey-headquartered and with its London office in the West End, ShoreCap also operates asset management and principal finance divisions which allowed the group to grow sales 3.4% to £42m in calendar 2015 despite the challenging financial markets.