Retailer TheWorks.co.uk (LON: WRKS) is closing its online channel and moving to a non-transactional website. Online is making a small and reducing contribution to revenues. There will be exceptional costs of £2m. There are plans to open more stores. Like-for-like growth has been 3.3% this year and the company expects to meet market EBITDA expectations […]

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Dr Graham Cooley has increased his stake in spirits company Distil (LON: DIS) from 17.3% to 18.1%. The share price has come off its high for the day, but it is still up 46.7% to 0.11p. Emmerson (LON: EML) is seeking arbitration through the International Centre for Settlement of Investment Disputes (ICSID), which is part […]

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RBC has raised its recommendation for vet practices operator CVS Group (LON: CVSG) from perform to outperform with the price target increasing from 940p/share to 1,500p/share. The share price recovered 10.3% to 1074p. Logistics Development Group (LON: LDG) raised its NAV by 4.4% to 22.3p/share in the quarter to December 2024. This is before the […]

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Revolution Beauty (LON: REVB) has come to a confidential agreement with Chrysalis Investments (LON: CHRY) over the claims related to its investment in the company when it joined AIM in July 2021. Last year, Chrysalis Investments issued draft particulars of a claim £39m plus additional consequential loss of £6.2m. Chrysalis Investments will be paid a […]

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MicroSalt (LON: SALT) has received an initial purchase order for 50,000lbs of low-sodium salt from a major food and drink manufacturer for one of its product lines. Annualised volumes should be 200,000lbs and there could be orders for two other products. There is also a follow-on order from a B2B customer and the 63,860lbs will […]

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Emmerson (LON: EML) has notified the Moroccan government of an investment dispute and argues that the government is violating an agreement between the UK and Morocco. The dispute can be submitted to the International Centre for the Settlement of Investment Disputes. Prior to this, the company is seeking cash compensation from the government. The share […]

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Good Energy (LON: GOOD) has received a bid approach from Esyasoft, an international business providing energy efficiency and smart utility software and services. One of the areas it is involved in is EV charging infrastructure. It does not have interests in energy supply. Good Energy is paying up to £8m for solar installation company Empower […]

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CloudCoCo (LON: CLCO) is selling its managed IT services business for £9.2m. This will discharge liabilities, including the MXC loan notes, and leave cash of £950,000. If the sale does not go-ahead management will need to consider if there is a future for the group. There are also discussions concerning the sale of the Connect […]

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Steppe Cement (LON: STCM) revenues improved in the third quarter, although the nine-month revenues are still 2% lower. The average price received for cement is still lower than one year ago, although higher than the previous quarter, and volumes are steady this year. Production has increased due to capital investment and that is spreading the […]

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Cora Gold (LON: CORA) says exploration work at the Sanankoro gold project in southern Mali has identified twenty new targets within eight gold bearing structures – four primary and four secondary structures. There are seven key targets. This provides potential to extend the existing gold resource of 920,000 ounces. There are signs that the Mali […]

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Emmerson (LON: EML) is hopeful that it will receive the environmental permit for the Khemisset potash project in Morocco before the end of the year. There will also be the release of lab results from the second round of crop trials that examine the effectiveness of the potash providing phosphate to lettuces. Emmerson currently has […]

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There is a further rise in the share price of x-ray imaging technology developer Image Scan (LON: IGE) following yesterday’s announcement that it has won a £3m contract to supply ThreatScan portable x-ray systems to NP Aerospace for bomb technicians. There will be a three-month trial process before the contract commences in September. The share […]

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David and Monique Newlands have reduced their stake in Byotrol (LON: BYOT) to below 3% ahead of the cancelation of the AIM quotation. The share price rose by one-third to 0.1p. In-content advertising company Mirriad Advertising (LON: MIRI) has entered a strategic agreement with TripleLift Inc, which has a supply-side platform for advertising formats. The […]

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Baron Oil (LON: BOIL) says that the Timor-Leste authorities have approved the farm-up agreement with TIMOR GAP Chuditch Unipessoal relating to the TL-SO -19-16 production sharing contract. Baron Oil’s subsidiary will retain 60% of the production sharing contract and the partner, which has increased its interest from 25% to 40%, will be responsible for 20% […]

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Oriole Resources (LON: ORR) has confirmed receipt of the payment of $450,000 related to the earn-in agreement with BCM International for the Bibemi gold exploration project in Cameroon. BCM will spend $4m on exploration to earn 50% of the project. Drilling should resume in the first quarter. The share price is 17.1% higher at 0.24p. […]

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Cleantech investment company i(x) Net Zero (LON: IX.) says investee company WasteFuel Global has secured a $10m investment from BP. This funding increases the valuation of the i(x) Net Zero stake by 181% to $131.7m. The total value of the company’s portfolio has increased from $63.8m to $148.6m. WasteFuel is developing bio-methanol plants. The share […]

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Promotional goods supplier software platform provider Altitude (LON: ALT) says results for the year to March 2023 will be much better than expected. Zeus has upgraded its pre-tax profit forecast from £500,000 to £800,000 and that is the second upgrade in three months. The US promotional products market is strong and favourable exchange rates helped. […]

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Real Good Food (LON: RGD) has secured additional financing of £2.5m from Hilco Private Capital. This lasts for 12 months and is in addition to the £6.3m from the Leumi ABL. This will help to fund restructuring and cost reduction. The share price recovered 42.9% to 1.5p. Catalyst Media Group (LON: CMX) investee company Sports […]

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MusicMagpie (LON: MMAG) has been hit be weak consumer spending with lower sales of technology. That has hit the share price making it the biggest faller on the day with a 71.3% decline to 7.9p. Rental income is growing, though, and that is good for longer-term revenues. The original pre-owned books and music operations are […]

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Potash mine developer Emmerson (LON: EML) non-executive director Edward McDermott has bought 775,000 shares at 5.12p each. That £39,680 investment takes his stake to 1.25 million shares. Since February, when £5.5m was raised at 5.75p a share and the subsequent announcement of a move from the standard list to AIM the share price has declined. […]

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Emmerson has a potash project in Morocco that could be worth many times the company’s current market capitalisation. There is demand for the potash, so that more grain crops can be grown, and financing the mine is the key to the company’s prosperity. Sirius Minerals should be kept in mind when considering the potential downside […]

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Blencowe Resources (LON: BRES) is the latest standard list shell to float, following soon after MENA-Land. Blencowe is focused on the resources sector and raised £340,000 gross. It is important to stress that Blencowe could not have joined AIM by raising such a small amount of money. A minimum of £6m is required to be […]

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