Small Caps
Evgen upbeat on new data on potential breast cancer treatment
Clinical-stage drug development company Evgen Pharma announced new preclinical data on Monday, which showed ‘SFX-01’ could be of benefit to metastatic breast cancer (mBC) patients who had become resistant to CDK4/6 inhibitors.
Synectics narrows losses in 'subdued' first half
Security and surveillance technology company Synectics updated the market on its first half on Monday, reporting that trading continued at similar levels to the first half of the prior year, delivering a “much reduced” estimated operating loss of around £0. 8m, narrowing from £2m year-on-year.
SourceBio expects Covid-19 testing revenue to peak in coming months
Laboratory services provider SourceBio International said on Monday that it had continued to trade well since 31 December, with revenue, earnings and cash generation “significantly ahead” of 2020 in the year-to-date.
Tavistock shares surge on new partnership with Titan Wealth
Tavistock Investments has entered a 10-year strategic partnership with Titan Wealth it announced on Monday, with Titan also agreeing to acquire Tavistock's multi-asset manager Tavistock Wealth (TWL), which has more than £1bn of funds under management, for consideration of up to £40m in cash and a 10-year earn out.
Ncondezi signs term sheet to create green power joint venture
Ncondezi Energy announced the signing of a term sheet with binding exclusivity between its wholly-owned renewable energy subsidiary Ncondezi Green Power (NGP), and Nesa Capital and Nesa Engineering, collectively ‘Nesa’, on Monday.
Manx Financial ups stake in brewing rental and finance firm
Manx Financial Group has increased its shareholding in Beer Swaps Limited (BSL), trading as Ninkasi Rentals and Finance, to 90%, it announced on Monday, for £0. 3m cash.
Inspirit Energy makes progress with heat recovery technology
Waste heat recovery and combined heat and power technology company Inspirit Energy updated the market on its operations on Monday, reporting that as Covid-19 restrictions eased in recent months, it had been working with its engineering partners on the “fine details” of the new waste heat recovery (WHR) system for application on the Volvo marine engine.
Sound Energy to acquire Schlumberger interests in Morocco
Morocco-focussed upstream oil and gas company Sound Energy has entered into a sale and purchase agreement with Schlumberger to acquire the entire issued share capital of Schlumberger Silk Route Services (SSRS), it announced on Monday.
Draper Esprit values rise at it prepares for main market listing
Technology investment company Draper Esprit reported a gross portfolio value of £984m at year-end in its final results on Monday, up from £703m a year earlier.
Creo Medical buying freehold of current Chepstow headquarters
Surgical endoscopy-focussed medical device company Creo Medical Group has exchanged contracts to acquire the freehold interest in the current site of its primary headquarters in Chepstow, Creo House, it announced on Monday.