Small caps news round-up

Sports nutrition company Science in Sport announced its unaudited results for the six months to 30 June on Thursday, with revenues increasing 24% to £6.48m, which the board said demonstrated continued growth, with e-commerce and third-party online retailers being “particularly strong”. The AIM-traded firm reported a “robust” supply chain performance, with gross margin of £3.82m, improving by 0.7% to 58.9% against the same period last year.

Fishing Republic's landed a healthy set of interim results to June but endured a quieter July and August and said its profit for the full year would be lower as it invested in expanding its store network. The fishing tackle retailer, where ex-Tesco chief Sir Terry Leahy is a non-executive director, in June raised a gross £3.75m in order to "accelerate investment" across the estate and online, leaving £3.9m on the balance sheet at the end of June.

Revolymer rejigged its portfolio of businesses to increase its focus on the chemicals space and getting its products to market more quickly despite its finite cash resources. With those aims in mind, management executed three key transactions, acquiring Itaconix, a world leader in polymers from itaconic acid, divesting its nicotine gum business and tapped investors for fresh equity.

Cambridge Cognition’s half-year revenues grew and losses were more than halved as the neuroscience software and hardware company's invested in marketing and development. For the six months ended 30 June, revenue increased by 11.3% to £3.26, compared to the same period last year.

Union Jack Oil announced on Thursday that it has raised £0.7m before expenses, through a placing of 411,764,706 new ordinary shares of 0.025p at a price of 0.17p per placing share. The AIM-traded firm said the intended proceeds from the placing are to further expand the company's portfolio through the acquisition of interests in near-term development and production opportunities onshore UK.

Institutional stockbroker and investment bank Panmure Gordon will make a cash investment of up to £2m in PrimeXtend, a business focused on the evolution of agency broker services. The investment will be made over a period of ten months, subject to the satisfaction of certain performance milestones, for an initial 49% shareholding and PrimeXtend will operate under Panmure’s name.

Mission Marketing, the marketing communications and advertising group, announces a rise in earnings after further acquisitions in the first half. The company’s acquisitions from the previous period, Chapter and Echo have been trading well and have strengthened the firm’s global capabilities according to the board.