Small Caps News
Asos said to ask suppliers for 3% discount
Online fashion retailer Asos has reportedly asked its suppliers for a 3% discount as it looks to cut costs after recent profit warnings.
Xtract Resources reports positive test results at Zambia mine
Xtract Resources on Tuesday reported positive assay results from preliminary sampling of mine tailings at the Kalengwa copper project in Zambia.
MySale raising £10m as it focuses on 'leaner' Australasian operation
Online retail company MySale announced the outcome of its strategic review and a proposed placing on Tuesday, to be executed by way of an accelerated bookbuild to raise a minimum of £10m before expenses, via a conditional placing of new ordinary shares at a price of 2p each.
Petro Matad makes solid progress on Heron-1 and Red Deer-1 wells
Mongolian oil explorer Petro Matad updated the market on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia on Tuesday.
Arc Minerals upbeat on progress at multiple target areas
Arc Minerals announced further drill results from its maiden exploration drill programme at the Cheyeza East target area in Zambia on Tuesday, as well as an update on additional exploration activities at its high-priority West Lunga and Lumbeta targets.
Cellcast to dispose of operating business, become cash shell
Cellcast has entered into a conditional share sale agreement for the disposal of its wholly-owned operating subsidiary Cellcast UK to Com & Tel Media, it announced on Tuesday, for a total cash consideration of £0. 38m, plus the contingent right to certain additional consideration.
Ganfeng investment in Bacanora Lithium inches closer to full approval in China
Bacanora Lithium updated the market on its investment agreement and offtake agreement with global lithium company Ganfeng Lithium Company on Tuesday.
Tracsis wraps up trading year with 'particularly pleasing' second half
Software and hardware provider Tracsis witnessed strong trading in its recently wrapped up trading year, with its second-half performance being "particularly pleasing".
EVR Holdings to launch VR platform on Facebook's Oculus Quest headset
EVR Holdings shares jumped on Tuesday as it confirmed that its MelodyVR platform will launch on Facebook's Oculus Quest virtual reality (VR) headset on Thursday.
Keras Resources investee begins drilling programme in Western Australia
Keras Resources on Tuesday confirmed the start of a major drill programme announced by its investee company Calidus Resources at its flagship Warrawoona Gold Project in the Pilbara region of Western Australia.
Cadence Minerals leaps as Yangibana Project wins environmental approval
Cadence Minerals shares jumped on Tuesday as it announced the granting of an environmental permit for the Yangibana Rare Earths Project in the Gascoyne region of Western Australia.
Omega Diagnostics wins first order for HIV test kits
Omega Diagnostics on Tuesday received its first purchase order for 20,000 units of its Vitict CD4 Advanced Disease HIV test kit from its partner company in Zimbabwe, with the order valued at approximately £80,000.
Lidco product revenues grow despite migration of customers to SaaS platform
Hemodynamic monitoring company Lidco saw product revenues grow in the first half of its trading year despite many of its biggest UK customers transitioning to the group's Software-as-a-Service High Usage Programme business model.
HC Slingsby shares slide after swing to interim loss
HC Slingsby shares tumbled on Tuesday as it swung to an interim loss as adverse movements in gross margin and overheads offset an increase in revenue.
Kodal Minerals upbeat on test work at Bougouni Project
Mineral exploration and development company Kodal Minerals updated the market on the “extensive” metallurgical test work programmes being carried out on mineralisation at the Bougouni Project in southern Mali on Tuesday.
Scancell losses deepen as it presses on with development
Novel immunotherapies developer Scancell Holdings reported a deeper operating loss in its final results on Tuesday, to £6. 73m compared to £4. 91m in the 2018 financial year.
Providence cuts costs as it waits even longer for loan advance from APEC
Ireland-based energy company Providence Resources updated the market on Standard Exploration Licence 1/11 on Tuesday, which contains the Barryroe oil accumulation.
Tekmar wins contracts with Taiwanese offshore wind farm developer
Subsea protection equipment provider Tekmar has won two new contracts for the supply of its flagship cable protection system product in Taiwan.
Cabot Energy shares slide as production and sales dive
Cabot Energy's shares slid on Tuesday after it reported a steep decline in second quarter production and sales as cost-cutting efforts took their toll on operations.
Asiamet raises £1.75m to fund BKM and Beutong projects
Copper and gold miner Asiamet Resources has raised roughly £1. 75m by way of a placing of 50. 0m ordinary shares of 3. 5p each.