Small Caps News
Remote Monitored agrees to return control of Gyrometric Systems
Remote Monitored Systems announced on Wednesday that, alongside Braveheart Investment Group, it has agreed to return control of Gyrometric Systems to its founders David Orton, Dr Paul Orton and Dr Janet Poliakoff by transferring their shares to the founders for nominal consideration.
Tungsten Corporation appoints new chief executive
Digital finance management software company Tungsten Corporation announced on Wednesday that chief executive officer Andrew Lemonofides, having overseen its recent transformation, would be leaving Tungsten at the end of June and would step down from the board with immediate effect.
Active Energy awarded Canadian patent for 'CoalSwitch'
Biomass-focussed renewable energy technology company Active Energy has been awarded a ‘notice of allowance’ for the Canadian patent for its ‘CoalSwitch’ process and the beneficiation of biomass, it announced on Wednesday.
Ncondezi Energy signs relationship deal with Captive Power
Ncondezi Energy updated the market on its pipeline of solar and battery storage projects in the commercial and industrial sector on Wednesday, reporting that its wholly-owned renewable energy subsidiary Ncondezi Green Power (NGP) and Captive Power (CPL) have signed a binding relationship agreement.
Newmark Security trades broadly in line with expectations in H2
Security systems services company Newmark Security said on Wednesday that second-half trading continued to "broadly in line with management's expectations", with the firm putting on an improved performance over the first six months of the trading year.
Keras completes construction at Diamond Creek phosphate mine
Keras Resources announced on Wednesday that construction of the processing plant at Diamond Creek, the high-grade organic phosphate mine in Utah, has been completed, and that commissioning had started.
Anexo YTD trading in line with management expectations
Credit hire and legal services provider Anexo Group said on Wednesday that overall trading had continued to perform in line with management expectations.
Major Simec Atlantis shareholder challenging appointment of receivers
Sustainable energy generation and technology company Simec Atlantis Energy updated the market on the appointment of receivers over all of the shares of its major shareholder, Simec UK Energy Holdings (SUEH), a British Virgin Islands company, on Wednesday.
TomCo joint venture inks deal to acquire Utah land
United States oil development company TomCo Energy announced on Wednesday that its 50-50 joint venture with Valkor, Greenfield Energy, has entered into an agreement with Endeavour Capital Group and Tar Sands Holdings II (TSHII) over the potential acquisition of up to 100% of the ownership and membership rights and interests in TSHII.
Manx Financial acquires 10pc of Rivers Finance Group
Manx Financial Group announced the acquisition of 10% of the issued share capital of Rivers Finance Group on Wednesday, through its wholly-owned subsidiary Bradburn.
Blancco Technology achieves 'significant' H2 revenue growth
Data erasure firm Blancco Technology said on Wednesday that it has achieved "significant growth" in revenue through the second half of the trading year.
Yourgene inks agreement with US-based precision medicine company
Molecular diagnostics group Yourgene has inked a licence and supply agreement with an unnamed American precision medicine company.
Earnings fall as portfolio expands at Urban Logistics
Urban Logistics reported a total property return of 17. 1% in its full-year results on Wednesday, up from 10. 1% in the prior year, as its net rental income advanced 88% to £22. 9m.
Jadestone still working on approval for New Zealand acquisition
Asia-Pacific focussed oil and gas production company Jadestone Energy updated the market on the planned acquisition of a 69% operated interest in the Maari asset in shallow water offshore New Zealand on Wednesday.
Seeing Machines appointed to Australian defence sector programme
Computer vision technology company Seeing Machines has been appointed by CAE Australia to integrate its eye-tracking technology for an Australian defence industry customer, it announced on Wednesday.
Clinigen FY underlying earnings impacted by decrease in products revenue
Pharmaceutical firm Clinigen said on Wednesday that while net revenues were still expected to be in line with both guidance and expectations, full-year adjusted underlying earnings were now projected to be within the range of £114. 0m and £117. 0m due to a decrease in revenues from its products division.
Slingsby hit with 'significant cost increases' across product range
Industrial and commercial equipment distributor Slingsby warned on Wednesday that it had continued to experience "significant cost increases" across its product range as well as higher shipping costs and delays.
IP Group preparing for first divi as portfolio progress continues
Intellectual property business developer IP Group said on Wednesday that for the year to date, its positive progress made by many of its portfolio companies in 2020 had continued.