Batteries developer Ilika (LON: IKA) bounced back after the share price fall following yesterday’s full year figures. Ilika is near to confirming the details of the sub-contracting of manufacturing of its Stereax batters in the US. The share price recovered 12.3% to 36.5p.
Housebuying digital services provider Smoove (LON: SMV) is continuing bid discussions with Pexa Group. The talks were announced nearly three weeks ago. The share price improved 9.31% to 41.1p. Prior to the bid announcement the share price was 31.9p.
Johnson Service Group (LON: JSG) is going to beat full year expectations. The workwear rental business is starting to win new business and the hotel linen business continues to recover. Capital investment has improved efficiency. The share price is 7.61% ahead at 111.7p. Interim figures will be published on 5 September.
Molecular Energies (LON: MEN) has sold 800,000 shares in green hydrogen projects developer Atome Energy (LON: ATOM) at 100p each to CFT Ventures, which is controlled by the former head of Glencore’s oil trading business Mark Crandall. He is also involved in developing other renewable energy projects. Molecular Energies still owns 20.5% of Atome Energy – the share price improved 2.72% to 94.5p. The Molecular Energies share price is 3.52% higher at 117.5p.
Zoo Digital (LON: ZOO) has been hit by strikes in Hollywood in the first quarter. The screenwriters went on strike during the period and the film actors started a strike yesterday. On top of this, major streaming clients have been reducing spending because of the losses being made by the services. This has cut demand for translation and other services. Zoo did better than expected in 2022-23, but the pre-tax profit forecast for the year to March 2024, has been slashed from $10m to $3.3m. The Zoo Digital share price dived 27.8% to 75.5p. Facilities by ADF (LON: ADF) shares have also fallen 10.8% to 45.5p on the back of the latest strike announcement. It provides facilities for TV and film productions, which were still shooting existing scripts but are likely to stop production now that the actors are on strike.
Graphene technology developer Versarien (LON: VRS) has raised £650,000 at 1p/share to help finance the operations until money is raised from disposals. The share price slumped 31.8% to 1.2225p.
Strategic Minerals (LON: SML) investee company Cornwall Resources has been unsuccessfully applied for funds for the Redmoor tin/tungsten project from the Cornwall and Isle of Scilly Council Shared Prosperity Fund. There are plans for the 50% owned company to resubmit the application. The share price fell 13.3% to 0.15p.
Fund manager Premier Miton (LON: PMI) revealed that assets under management declined by 5% to £10.5bn in the quarter to June 2023. That was mainly down to net outflows from funds, plus some negative performance. There was an inflow to fixed income funds. The share price slipped 4.46% to 75p.
