Revolution Beauty (LON: REVB) shares continue to recover following the confidential agreement with Chrysalis Investments (LON: CHRY) over its legal claim relating to the accuracy of the flotation prospectus in 2021. It rebounded a further 10.4% to 19.61p.
Stonehage Fleming has cut its shareholding in retailer Quiz (LON: QUIZ) from 13% to 3.86% and Amraj Gill continues to buy with that stake rising to 11.1%. This dealing is ahead of a planned departure from AIM, if shareholders agree at the general meeting. The share price improved 4.65% to 0.9p.
Encompass Capital Advisors reduced its stake in PetroTal Corp (LON: PTAL) from 3.71% to 2.93%. This follows a reduction from around 6% during November. The share price is up 3.1% to 33.25p.
The estate of William Black has reduced its stake in Surface Transforms (LON: SCE) from 5.62% to 4.76%. The stake was increased from 4.95% when the share price was around its low. It has nearly doubled since then and has risen a further 3.03% to 0.51p.
Power and transmission products supplier Volex (LON: VLX) says Turkey-based acquisition Murat Ticaret has exceeded its profit targets for the first 12 months since its purchase. The deferred consideration payment is €10m in cash and 2.88 million Volex shares. The share price increased 0.46% to 274.75p.
FALLERS
Cancer treatments developer Hutchmed (China) Ltd (LON: HCM) has lost some of yesterday’s gains following the sale of its non-core 45% interest in Shanghai Hutchison Pharmaceuticals for $608m and the acceptance of a new drug application in China for savolitinib in combination with AstraZeneca’s Tagrisso as a treatment for lung cancer. The share price fell 1.21% to 244p.
Richard Griffiths has had his stake in Seeing Machines (LON: SEE) diluted to less than 3%. The share price is 1.13% lower at 4.5975p.