Small caps news round-up

Advanced Oncotherapy has signed a £24m investment agreement with a fund advised by Metric Capital Partners LLP, pushing its shares up more than 7%. Metric Capital will invest the money in a financing facility to support Advanced Oncotherapy's provision of vendor financing for the installation of its first LIGHT machine at its London Proton Therapy Centre in Harley Street.

Imagination Technologies warned revenues and adjusted losses would be "materially" below market expectations, though underlying trading remained in line and restructuring activities were on course to deliver healthy savings next year. While underlying trading, before including one-off items, has continued to be broadly in line with expectations since the profit warning and an acceleration in restructuring in March, with royalty revenue "slightly ahead" and licensing revenue "behind", certain one-off events have hurt results.

Marshall Motor Holdings' shares are up more than 20% after it acquired Ridgeway Garages (Newbury) Ltd for £106.9m cash. Directors expected the deal to deliver significant earnings enhancement and returns materially greater than Marshall Motor's weighted average cost of capital, it said. The deal makes it the seventh-largest UK motor dealership, moving up from tenth.

Sable Mining Africa, the company founded by ex-England spin bowler Phillipe-Henri Edmonds, has confirmed it is investigating allegations of bribery and corruption made against the company in Liberia. The AIM-listed, sub-Sahara-focused outfit, run by Edmonds and longtime business partner Andrew Groves, said it was taking "appropriate legal advice" on the matters after recent media comment and speculation regarding the issue.