Trading in RiverFort Global Opportunities (LON: RGO) shares recommenced following the publication of details of the acquisition of the healthy snacks operations of Aquis-quoted S-Ventures (LON: SVEN) for 466.7 million shares and a £1m placing at 0.75p/share. A loan is being converted into 356.3 million shares. RiverFort will be able to provide cash to grow the business. The company will change its name to Tooru. The share price jumped 70.5% to 0.375p.
Tracarta has taken a 4.15% stake in gas and clean energy projects developer Coro Energy (LON: CORO). The share price rose 9.3% to 1.175p.
Building and plumbing products distributor Lords Group Trading (LON: LORD) shares continue to rise following yesterday’s 2024 results announcement and trading statement. First quarter like-for-like growth is 11% in merchanting and 22% in plumbing and heating. That does compare with a weak period of the previous year. Property disposals have reduced borrowings. The share price improved 6.78% to 31.5p.
FALLERS
Medical device developer Belluscura (LON: BELL) says US tariffs on portable oxygen containers remain at zero. There were record sales of X-PLOR portable oxygen products in April. The DISCOV-R will be launched in the third quarter. The problem is a shortage of working capital. There was cash of $1m and $790,000 of debt at the end of April 2025. A strategic review has been launched. The share price slumped 22.2% to 0.525p.
Peel Hunt continues to reduce its shareholding in the in content advertising company Mirriad Advertising (LON: MIRI). It has fallen from 14.1% to 4.14%. The company continues to seek funding so that it can stave off the need for going into administration. Discussions are ongoing with potential investor. The share price fell 15.4% to 0.0275p.
Ardonagh Group is selling 1.6 million shares in BP Marsh (LON: BPM) at 630p each via a bookbuild undertaken by Panmure Liberum. Ardonagh would still have a 15.6% stake. The share price declined 7.04% to 660p.
Physiomics (LON: PYC) has been awarded a £67,500 contract with a new UK client. It will apply population Pharmacokinetic (PK) modelling techniques using Phase 1 data to inform the Phase 2 study of a small molecule designed to treat rheumatoid arthritis. The share price slipped 5.68% to 0.415p.
Digital media company Brave Bison (LON: BBSN) confirms that it is in exclusive talks to buy MiniMBA from Centaur Media (LON: CAU) for £19m. This is an elearning provider for marketing professionals. This would be part funded by a placing and a strategic investment of £4m by MiniMBA founder Mark Ritson. This deal would add £3.5m to group EBITDA taking it to £8m. The share price originally rose but is down 1.96% to 2.5p.