Close Asset Management has taken a 6.5% stake in Macaulay Capital (LON: MCAP), which joined the Access segment on 29 July when £1.9m was raised at 20p a share. This week the share price rose 19% to 25p. The strategy of the company is to originate potential investments and generate fees from these businesses by advising them and helping to raise money, as well as investing alongside other investors. The focus is smaller companies with track records in well-established markets. An initial investment has been made in a food manufacturer.
Invinity Energy (LON: IES) rose 13% to 39p after the commencement of trading on the US OTCQX and new US climate legislation that should boost energy storage demand. The energy storage technology developer says the bill contains $369bn of clean energy investment, including tax incentives and grants.
Hydrogen Utopia International (LON: HUI) has appointed Duncan Snelling as an engineering consultant and granted him options over up to 600,000 shares at 9.275p each. Each month, 50,000 options will vest, and they are exercisable between the first and fifth anniversaries of the appointment. The share price rose 4.23% to 9.25p.
In the three months to June 2022, National Milk Records (LON: NMRP) increased revenues from £5.72m to £6.09m. All parts of the business grew their revenues with genomics testing more than doubling revenues to £111,000. This is the final quarter of the financial year. Milk prices are increasing. The share price edged up 0.5% to 100.5p.
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Fallers
Chapel Down Group (LON: CDGP) has replaced finnCap with Singer as its corporate adviser and broker. The share price of the wine maker fell 3.39% to 28.5p.
Vulcan Industries (LON: VULC) has appointed Darren Taylor as a non-executive director. He was one of the shareholders in Aftech, which was acquired in March, and he has a 12.6% stake in Vulcan Industries. The share price declined 3.24% to 0.895p.
Gathoni Muchai Investments, where Marula Mining (LON: MARU) chief executive Jason Brewer is a substantial shareholder, acquired 1.5 million shares and 1.1875 million warrants exercisable at 4p each for a total of £16,000. Chairman Richard Lloyd bought one million shares at 1.07p each. The current share price is 2.1p, down 2.33%.
