SkinBioTherapeutics (LON: SBTX) launched the AxisBiotix-Ps food supplement in the UK and US on 29 October. This psoriasis treatment is the company’s first commercial product, and it could generate cash to further develop other products.
The AIM-quoted microbiome-based skin treatments developer launched the AxisBiotix-Ps food supplement on World Psoriasis Day. The company is selling the sachets directly.
A successful study was completed for AxisBiotix-Ps earlier this year and three-quarters of the people in the study reported skin feeling less itchy, less red and less irritable. Two-thirds said...
Conscious Co Acquisition Corp is a new shell that could be coming to the London market. Anna Sweeting, co-founder of London-based private equity firm Vaultier7, is behind the new company, which will focus on wellness, beauty and lifestyle businesses with a European focus.
A European listing is planned, and London appears to be the most likely venue for trading in the shares.
The potential investments are likely to be able to exploit the potential for digital business in their markets while also having a sustainable model. Some brands have reached the stage in their development where they need ...
Swedish investor Peter Gyllenhammar has increased his shareholding in LED lighting and rail engineering products provider LPA Group (LON: LPA) to 7.01%. The strong asset backing will be attractive to him.
He took a 6.19% stake in LPA at the beginning of July. The share price slumped at the beginning of October following a trading statement, and it is currently 59.5p.
LPA blamed supply chain problems for an anticipated loss in the year to September 2021 on a 7% reduction in forecast revenues to £18.3m. Also, orders have been deferred, although the order book is at a record level. A pre-tax prof...
Greatland Gold shares dipped on Friday morning just a day after the gold explorer said it has received ‘outstanding results’ from their flagship Havieron project.
The latest results comprised of 22 new drill holes from the Infill and Growth Drilling programmes, in addition to 11 holes previously reported.
Greatland Gold said significant mineralisation was reported in 18 of the new holes.
The Havieron joint venture with Newcrest has now completed a total of 210,629 of drilling from 254 holes. All the latest completed holes at the world class asset continuing to intersect mineralisation, and all but one reporting significant presence of gold.
HAD117W6 returned 120.4m @ 10g/t Au & 0.66% Cu from 764.6m. This is the best gram metre intercept drilled to date at Havieron.
Despite the positive news from the company, the Greatland Gold share price continued to slip on Friday, trading as low as 17.2p on Friday morning. Greatland Gold shares have consistently made lower highs through 2021, even as investors digest upbeat Havieron results.
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented on the results:
“The volume and quality of results at Havieron continue to impress as we observe increases in both grade and thickness at depth. This supports continuity of the high grade zonations and potential upgrades to the mineralisation. It speaks volumes for the tremendous quality of Havieron that after reaching a milestone of 200,000 metres of drilling, the best gram metre intercept ever drilled was just delivered, located at the high grade South East Crescent Zone.
“The results of the 90,000 metres Growth Drilling programme continue to extend mineralisation across multiple zones across Havieron. These outstanding results expand the high-grade South East Crescent Zone and add further scale to the Havieron deposit in multiple directions including within the Northern Breccia and in the Eastern Breccia.”
“The ongoing success from each set of drill results confirm Havieron as a world class gold-copper project and its potential to expand further in scale. The Pre-feasibility study highlighted the low capex, low risk approach to developing Havieron, which puts this asset in a class of its own as we progress it forward and add further upside to its future economic outcomes.”
The Greatland Gold share price is down 53% year-to-date and has remained stubbornly beneath the 200-day moving average.
Amazon’s operating profiting fell in the third quarter and missed analysts estimates.
Amazon record operating profit of just $4.9 billion, well behind analyst estimates of $5.5 billion and 21% decline on profits for the same period last year.
The lower than expected profits was a combination of revenue of $110.8 billion that missed estimates and a significant jump in marketing costs. Total operating costs 17.8% compared to last year.
Shares in the world’s largest online retailer fell by somme 4% in premarket trading.
Guiding on activity in the fourth quarter, Amazon said they expected revenue to be between $130 billion and $140 billion.
“While staying consistently in the black, Amazon has never been overly focussed on the bottom line. That willingness to invest in what the group hopes will be long term success at the expense of short term profits is on display again in these results,” said Nicholas Hyett, Equity Analyst at Hargreaves Lansdown.
“Marketing expenses have risen nearly 50% year-on-year, and a whole host of other costs are also outpacing revenue growth as the group ramps up its capacity to meet increased customer demand and expectations. However, even in a company with Amazon’s track record, a sudden, unexpected reverse in margins can make investors jumpy.”
“We’re happy to give newly installed CEO Andy Jassy the benefit of the doubt for now. The group has a sizeable cash pile on hand to fund investment and newer products are still showing very steady growth. The relatively new advertising proposition grew something like 50% year-on-year. We also take comfort from the fact AWS is already showing rapid and profitable growth following investment earlier in the pandemic.”
A recent study by estate agent search engine GetAgent has revealed the UK’s landmarks adding the most value to housing in the area.
The study looked at 50 top attractions are analysed those that increased, or decreased, the value housing in close proximity when compared to the wider area.
GetAgent collected data on the average price of property sold over the past year from the surrounding area from Rightmove to compile the below Top 10 lists.
Top 10 attractions that will increase the value of your home
Attraction
Town/city
Average property price (near attraction)
Average property price (wider area)
Difference
Difference (%)
1
Natural History Museum
London
£3,406,125
£2,195,805
£1,210,320
36%
2
Royal Botanic Gardens
London
£919,693
£445,319
£474,374
107%
3
The Needles
£620,000
£395,032
£224,968
57%
4
Loch Ness
Inverness
£416,400
£205,627
£210,773
103%
5
The Smallest House in Great Britain
Conwy
£500,000
£301,182
£198,818
66%
6
The Bombay Sapphire Distillery
Whitchurch
£400,000
£220,626
£179,374
81%
7
Albert Docks
Liverpool
£373,600
£199,004
£174,596
88%
8
Eden Project
Bodelva
£505,000
£331,642
£173,358
52%
9
Warwick Castle
Warwick
£450,000
£333,000
£117,000
35%
10
Tintern Abbey
Tintern
£470,250
£369,102
£101,148
27%
Top 10 attractions that will decrease the value of your home
Attraction
Town/city
Average property price (near attraction)
Average property price (wider area)
Difference
Difference (%)
1
St Paul’s Cathedral
London
£510,000
£855,856
-£345,856
-40%
2
Windsor Castle
Windsor
£400,000
£591,189
-£191,189
-32%
3
Royal Observatory Greenwich
London
£427,000
£595,662
-£168,662
-28%
4
Shakespeare’s Birthplace
Stratford-upon-Avon
£247,500
£413,396
-£165,896
-40%
5
Hampton Court Palace
London
£507,286
£656,921
-£149,635
-23%
6
Scott Monument
Edinburgh
£194,000
£309,615
-£115,615
-37%
7
Big Pit National Coal Museum
Blaenavon
£103,200
£194,236
-£91,036
-47%
8
York Minster
York
£218,200
£305,347
-£87,147
-29%
9
Caernarfon Castle
Caernarfon
£94,500
£180,404
-£85,904
-48%
10
Aerospace Bristol
Bristol
£301,271
£380,252
-£78,981
-21%
It is no surprise that London landmark featured heavily in the top 10 landmarks that increase the value of your home with the Natural History Museum in Kensington adding £1 million to the value.
St Pauls has been identified as the landmark causing the biggest loss to the houses in the immediate area, but given St Pauls is located in the heart of the City where housing is scarce, the differences are likely muddied by a low data set.
In their third-quarter update, Glencore lifted its full-year adjusted earnings forecast.
The group said it is now set to meet full-year earnings of $3.2bn as global energy markets rebalance.
Commenting on the results, chief executive Gary Nagle said: “The asset base has largely performed in line with our expectations and our full year production guidance remains unchanged.’
“Notably, as energy markets have improved, we are recovering from the market-driven production cuts initiated within our Australian coal portfolio in H2 2020.
“Basis Marketing’s continued strong performance, we now expect full year 2021 Adjusted EBIT to exceed the top end of our $2.2bn to $3.2bn per annum long-term guidance range.”
Natwest has put aside £300m in legal fees following theirmoney-laundering scandal but still managed to triple profits from a year ago.
The Financial Conduct Authority found that Natwest had failed to monitor money-laundering activities taking place in the bank. Natwest revealed the legal costs when announcing third quarter results.
Natwest recorded operating profit of £1.07 billion in the third quarter, compared to £355 million in the same period a year ago.
“It will be little consolation to chief executive Alison Rose but the fact that investors can find a £1 billion quarterly profit disappointing shows how far NatWest has come in its turnaround plan,” said AJ Bell investment director Russ Mould.
“This is only the seventh quarter in the last five years when the bank has earned at least £1 billion, its balance sheet looks strong relative to regulatory requirements and NatWest felt able to reverse another £242 million of the loan loss provisions on its books as borrowers emerge from the pandemic and lockdowns in better shape than anticipated last year.
The bank posted strong results and tripled pre-tax profits, jumping from £355m to £1.1bn in the three months to September.
“Although we are seeing challenges in the economy and for our customers – especially around supply chains and the cost of living – a number of key indicators remain positive; growth is good, unemployment is low and there are limited signs of default across our book,” said Alison Rose, chief executive of NatWest.
“We have a vital role to play in helping the 19 million people, families and businesses we serve in communities throughout the UK to thrive. Because when they thrive, so do we.”
In a major rebrand, Facebook has changed its name to Meta.
The name change will not apply to individual platforms but will be for the parent company, as it broadens into virtual reality (VR).
“Over time, I hope that we are seen as a metaverse company and I want to anchor our work and our identity on what we’re building towards,” said Mark Zuckerberg in a conference.
“We’re now looking at and reporting on our business as two different segments, one for our family of apps, and one for our work on future platforms.
“And as part of this, it is time for us to adopt a new company brand to encompass everything that we do, to reflect who we are and what we hope to build.”
The new headquarters will be in Menlo Park, California and the Facebook logo will change from the thumbs up to an infinity sign.
Synectics (AIM: SNX) hello, hello , hello today’s police contract is evidence that the recovery momentum is being maintained. The Interims to May reported a substantial reduction in Loss Before Tax to £0.8m (£2m) with revenue moderately lower at £22m from £23m.The first phase of the new project is worth more than £1.5m for West Midlands Police to equip its new Event Control Suite with a comprehensive video management solution ahead of the Commonwealth Games.
The solution, based on Synectics' Synergy command and control software platform, which will eventuall...
