Small Caps News
Tern reports solid progress among portfolio companies
Internet-of-things (IoT) technology company Tern reported further significant progress across its portfolio companies in an update on Friday, with growth in recurring revenues and new contract wins.
Galileo gets cash from Glenover, Star Zinc sales
Galileo Resources updated the market on the Glenover asset sale between Glenover and Afrimat on Friday, as well as the sale of the Star Zinc project to Siege Mining.
i3 Energy plans $47m Canadian capital programme for 2022
UK and Canada-focussed oil and gas company i3 Energy updated the market on its 2022 Canadian capital programme on Friday, with its capital budget for the country set to total $47m for the year.
MobilityOne signs lease on much larger Kuala Lumpur office
E-commerce platform and payments company MobilityOne announced on Friday that its Malaysian subsidiary, M1 Malaysia, has entered into a tenancy agreement with LMS Digital to occupy 4,500 square feet of office space at Wisma LMS in Kuala Lumpur.
Omega selling Scotland factory after government Covid test plans collapse
Medical diagnostics specialist Omega has signed a conditional sale and purchase agreement with Accubio, a wholly-owned subsidiary of Orient Gene, for the sale of its diagnostic test kit manufacturing business and facility in Alva, Scotland.
Mobile Streams takes full ownership of LiveScores service
Mobile Streams has taken sole ownership of the LiveScores services, it announced on Friday, that it was previously operating under a revenue share agreement with Quanta Media.
TP Group making 'difficult decisions' over legacy maritime contracts
Engineering and consulting company TP Group said in an update on Friday that at the end of 2021 its net debt totalled £1. 6m, with £5. 4m of cash, £7m of bank debt, and the Science Group loan undrawn.
Phoenix Copper extends warrant close period amid funding talks
United States-focussed metals explorer and producer Phoenix Copper updated the market on the extension to the expiry date on a class of warrants for certain company insiders on Friday, which it announced on 31 January.
Facilities by ADF FY revenue and EBITDA seen ahead of expectations
Serviced production facilities provider Facilities by ADF said on Friday that full-year revenues and adjusted underlying earnings were both projected to be ahead of current market expectations.
Kitwave acquires MJ Baker Foodservice
Wholesale business Kitwave Group has acquired West Country independent foodservice supplier MJ Baker Foodservice for £24. 5m in cash, funded from existing banking facilities.
Marlowe acquires SF Fire for £1.1m
Software and services firm Marlowe has acquired fire safety outfit SF Fire as part of a deal valued up to £1. 1m.
MyCelx FY revenue growth subject to timing of contract wins and renewals
Clean water and air technology company MyCelx said on Friday that operations had continued to perform in line with expectations, with Covid-19 making little to no impact on day-to-day business functions.