Small Caps News
Renold sees continued recovery in order intake
Industrial chain and power transmission products supplier Renold said on Wednesday that the recovery in both order intake and revenues had continued, with trading for the year ended 31 March in line with the board's revised expectations.
Adept acquires Datrix in £9m transaction
Managed IT services provider AdEPT announced the acquisition of Datrix on Wednesday, for initial cash of £9. 0m, funded through its new bank facility.
Inland Homes makes progress at various projects
Brownfield developer Inland Homes updated the market on a number of its projects on Wednesday, reporting that at the Wessex site on West Cliff Road in Bournemouth, the sale of a new 105-bed hotel pre-let to Premier Inn for £0. 59m per annum had now been completed.
United Oil reports 'material increase' in Abu Sennan reserves
United Oil & Gas updated the market on the Abu Sennan concession, onshore Egypt on Wednesday, reporting that an independent reserves and resources report, relevant to the end of 2020, indicated a “material increase” in reserves.
Banking due diligence passes for Kazera Namibian investment
Investment company Kazera Global said on Wednesday that the banking due diligence on the €9. 13m (£7. 93m) investment package for the Namibian investment had successfully completed.
Operating losses narrow for Borders & Southern
Falkland Islands-focussed oil and gas exploration and production company Borders & Southern reported cash balances of $2. 18m at year-end in its results on Wednesday, down from $3. 68m a year earlier.
Phoenix Copper adds 114 claims to Empire Mine group
North America-focussed base and precious metals producer Phoenix Copper announced the addition of 58 unpatented lode claims and 56 unpatented mill site claims to the Empire Mine claim group on Wednesday.
Strategic Minerals reports 'robust' sales from Cobre
Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the quarter through March on Wednesday, reporting continuing growth in sales as revenues rose by over 12% year-on-year.
Audioboom posts record quarterly revenues, maiden adjusted underlying profit
Podcast publisher Audioboom said on Wednesday that it had brought in a record quarterly revenue of $9. 5m in the three months ended 31 March, up 49% year-on-year.
Distil FY revenues show 'significant' growth despite Covid-19 impacts
Spirits manufacturer Distil said on Wednesday that its unaudited full-year volumes and revenues had shown "significant" year-on-year growth.
Watkin Jones in line with expectations on first half earnings
Build-to-rent and student accommodation developer Watkin Jones said on Wednesday that its adjusted EBIT for the first half was set to be in line with its expectations, and slightly below the first half of 2020, which was before Covid-19 disrupted its operations and the markets in which it operates.