Revolution Beauty Group (LON: REVB) has received a preliminary bid approach and a formal sale process has begun. The cosmetics supplier requires more funding, and it is still talking to key shareholders. The share price rebounded 30.8% to 6.8p.
Peru-focused gold mining company Nativo Resources (LON: NTVO) is about to publish proposals for the restructuring of its loan notes. This would allow the €10m of capital plus interest (the interest rate is 0% from the beginning of 2025) to be converted into shares at a 10% discount to the volume weighted market price over ten days. The notes are convertible from the beginning of 2032 or when the company market capitalisation exceeds £35m for ten consecutive days. The share price moved up 18.2% to 0.65p.
Artisinal Spirits Company (LON: ART) says revenues grew in double digits in the first four months of 2025 even though the US and China markets remain tough. The growth is coming from bottled whisky sales in Europe and cask sales. The US importing model is being changed. Full year revenues are forecast to grow by 10% to £26m. The share price improved 8.91% to 55p.
Cancer treatments developer Scancell Holdings (LON: SCLP) investor Volpes Testudo Fund, which is represented on the board by Martin Diggle, has bought a further 497,764 shares at 9p each. It owns 12.6% of the cancer treatments developer. The share price rose 8.1% to 10p.
FALLERS
Footwear retailer Shoe Zone (LON: SHOE) says interim trading is in line with expectations with revenues down by 6.5% to £71.5m, although second quarter trading was flat. Store sales were 10% lower. Online revenues were 6.5% higher. Stores are being closed. Shoe Zone fell into loss in the first half, but the second half should be better. Full year pre-tax profit is expected to halve to £5m. The share price declined 19.6% to 92.5p.
More disappointing news from Pantheon Resources (LON: PANR). The flow testing of the Lower Sag 3 reservoir level in the Megrez-1 well in Alaska. The well is suspended. The focus will switch to Ahpun West and the Dubhe-1 well will drill this year. Final investment decision on Ahpun West should be in 2027. The share price slipped a further 18.7% to 21.625p.
Time Out (LON: TMO) is reviewing the future of the original media division because of falling advertising revenues. The division is set to fall into loss this year. The company has eleven food and cultural markets. These revenues ae growing. The share price fell 6.9% to 27p.
Engineer recruitment company RTC Group (LON: RTC) says first quarter trading remains positive, but the second quarter is being impacted by National Insurance rate rises. RTC is focusing on sectors that will enable it to capitalise on growth opportunities. The share price dipped 5.13% to 92.5p.