Small Caps News
United Oil offloads Italian operations
United Oil & Gas announced on Tuesday that, as part of the ongoing optimisation of its portfolio and capital allocation strategy, it has signed a conditional sale and purchase agreement with PXOG Marshall for the sale of all of the share capital of UOG Italia for €2. 165m in cash.
Tower Resources inks binding farm-out deal in Cameroon
Africa-focussed oil and gas company Tower Resources has executed a binding heads of agreement over a farm-out to Beluga Energy, of a 49% non-operating working interest in its Thali production sharing contract in Cameroon, it announced on Tuesday.
Beeks trading in line as it launches new cloud service
Beeks Financial Cloud Group announced the launch of ‘Proximity Cloud’ on Tuesday, which it described as “the industry's first” private cloud environment for financial markets.
RTC surges after securing Network Rail contract
Shares of AIM-listed RTC surged on Tuesday after subsidiary Ganymede secured a contract with Network Rail to provide frontline labour services, including the supply of safety critical, track, civil, electrification and plant and signalling resources nationally.
Revenues rise, losses widen for Fusion Antibodies
Preclinical antibody discovery specialist Fusion Antibodies reported a 7% improvement in full-year revenues in its final results on Tuesday, to £4. 2m.
Barkby losses to narrow slightly after pubs reopen
Diversified company Barkby Group updated the market on its trading for the year just ended on Tuesday, saying it expected group revenue to be £15. 3m, up from £12m year-on-year.
Global Petroleum moves onto next phase at Namibia licence
Global Petroleum announced on Tuesday that, in relation to its licence PEL0094, offshore Namibia, the country’s Ministry of Mines and Energy has agreed to its proposal to enter into the next licence sub-period from September 2021 to September 2022.
Botswana recovers four diamonds from River extension drilling
Botswana Diamonds announced on Tuesday that four high-quality diamonds and “abundant” kimberlitic indicators had been recovered from drill samples at the recently-discovered River Kimberlite Extension, at Thorny River in South Africa’s Limpopo province.
Dekel posts solid palm oil numbers as cashew project progresses
West Africa-focussed agriculture company Dekel Agri-Vision updated the market on July production at its wholly-owned Ayenouan palm oil project in Côte d'Ivoire on Tuesday, reporting that 3,047 tonnes of crude palm oil was sold in the month.
OptiBiotix extends deal with Seed Health to other territories
Life sciences company OptiBiotix Health announced on Tuesday that its wholly-owned subsidiary ProBiotix Health has extended the territories of its original agreement with Seed Health, for the production, promotion, marketing and commercialisation of products containing ‘LPLDL’.
Marshall Motor hails 'record' H1 amid buoyant used car market
Marshall Motor hailed a "record" first-half performance on Tuesday as it swung to a profit amid a particularly buoyant used car market.
Purplebricks' field sales agents transition to fully employed model
Estate agent Purplebricks said on Tuesday that it will move to a fully employed model for its field sales agents, with the transition set to commence immediately.