News And Announcements
NetScientific upbeat on latest data from portfolio firm ProAxsis
Healthcare intellectual property commercialisation group NetScientific announced on Friday that its portfolio company ProAxsis has received positive early data from the ‘BRIDGE’ study - a major clinical trial funded by the British Lung Foundation and the European Respiratory Society.
Time Out cuts ribbon on market in New York City
Media and entertainment company Time Out Group announced on Friday that Time Out Market New York was opening to the public later in the day, bringing “the best of the city under one roof”, based on the editorial curation Time Out said it was known for.
Audioboom narrows loss and reaches cash flow breakeven
Podcasting company Audioboom reported a 92% improvement in revenue in its final results on Friday, to $11. 7m, reporting “significant” growth in the final three months of the period.
Kodal Minerals makes solid development progress at Bougouni
Mali-focussed mineral exploration and development company Kodal Minerals updated the market on recent activities at the Bougouni Lithium Project in the south of the country on Friday.
Metal Tiger posts £4m loss as development work continues
Strategic natural resource opportunities investor Metal Tiger reported a loss of £4m before tax in its final results on Friday, despite a recorded gain on the sale of its interest in T3, which it partially blamed on the decline in the share price of its partner MOD Resources between the recorded gain and the financial year end.
Charles Stanley beats forecasts with full-year numbers, raises payout
Charles Stanley posted better-than-expected full-year results on the back of a better-than-anticipated performance in UK equity markets that buoyed its funds under management and administration, bumping up its dividend payout in the process.
Angle reveals positive results from latest Parsortix study
Liquid biopsy company Angle announced positive results from its ‘Parsortix’ FDA clinical study for metastatic breast cancer on Friday.
Cambria Africa posts record profits but warns of currency headwinds
Cambria Africa announced a 50% improvement in its profit after tax in its interim results on Friday, rising to $1. 66m.
Regulatory headwinds knock Stride Gaming as it confirms takeover talks
Online gambling operator Stride Gaming reported a 13% decrease in real money net gaming revenue in its interim results on Friday, to £39. 03m, due to what it described as “regulatory headwinds” across the UK online gaming market.
Rank Group confirms takeover discussions with Stride Gaming
Gambling company The Rank Group responded to an announcement from AIM-traded Stride Gaming on Friday, after Stride said it was in discussions with Rank over a possible takeover.
Balfour Beatty venture awarded massive Texas highway project
Infrastructure company Balfour Beatty has been conditionally selected in joint venture to deliver the $1. 7bn (£1. 3bn) Interstate 635 LBJ East project on behalf of the Texas Department of Transportation, it announced on Friday.
Wizz Air confident on current year as net profit rises 6%
Central and Eastern-European low cost airline Wizz Air said it was optimistic for the year ahead and would increase net profits after reporting full-year results in line with expectations.
Legal & General sells general insurance arm to Allianz for £242m
Legal & General said it was selling its general insurance business to Allianz for a minimum £242m.