The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 11.25
Bid: 11.00
Ask: 11.50
Change: 0.25 (2.27%)
Spread: 0.50 (4.545%)
Open: 10.75
High: 11.25
Low: 10.80
Prev. Close: 11.00
ARB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: UK housing market boosts Belvoir; IOG spuds Blythe

Tue, 03rd Aug 2021 12:03

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

----------

Belvoir Group PLC - Lincolnshire, England-based property franchise group - Says revenue rises 41% annually in six months to June 30 and up 53% from pre-virus levels. Management service fees from residential sales, its core franchise revenue stream, more than doubles as housing transactions in UK soar. Management service fees from lettings rise 13% year-on-year. In financial services arm, revenue rises 51% as unit "clearly benefitted from the demand for mortgages to fund house purchases". Belvoir adds: "Given the group's growth in the first half over both 2019 and 2020, its earnings enhancing investments to expand both the property and the financial services divisions, and the current market conditions reflecting a sustained underlying demand for homes and mortgages, the board is confident of achieving a strong trading performance for the full financial year."

----------

IOG PLC - gas production in UK southern North Sea - Announces spudding of Blythe development well in UK North Sea. "Following Elgood, Blythe is the second development well in IOG's Phase 1 project and is expected to take under three months to drill and complete, after which the rig will move on to Southwark," IOG says. Chief Executive Andrew Hockey labels it "another important step" for IOG.

----------

Pure Gold Mining Inc - operates mine in Red Lake, Ontario, Canada - Commercial production achieved at PureGold Mine, effective August 1. "Commercial production is a significant milestone and marks the beginning of a very exciting growth phase for the company," Chief Executive Darin Labrenz says.

----------

Rockhopper Exploration PLC - oil & gas company with interests in the North Falkland Basin and Greater Mediterranean regions - Updates on arbitration process at Ombrina Mare field. Says yet to receive outcome from work done by tribunal. Rockhopper is seeking damages from Italy. "Rockhopper continues to believe it has strong prospects of recovering very significant monetary damages - on the basis of lost profits - as a result of the Republic of Italy's breaches of the Energy Charter Treaty," Rockhopper adds.

----------

Flowtech Fluidpower PLC - supplier of technical fluid power products - Says interim revenue streams recover but not quite by enough to reach pre-virus levels. Says revenue in six months to June 30 rises 19% annually to GBP55.3 million from GBP46.5 million. This is down 7.2% from GBP59.6 million in first half of 2019. Flowtech explains: "We have implemented price increases across our businesses to reflect both uplifts levied by certain of our suppliers and higher carriage costs following Brexit. We have also invested in the plans underway to bring our Flowtech business to market under one brand; our e-business/digital agenda as well as a refreshed focus on improving the efficiency of our logistic centres and supply chain management operations."

----------

Henry Boot PLC - Sheffield, England-based construction and property development business - Says property development business HBD, alongside Barings, has acquired a 20-acre industrial development site in Rainham, London as part of joint-venture. Henry Boot holds 20% stake in JV, as Barings holds remaining 80%. "The circa GBP100 million GDV redevelopment project has outline planning for employment use, where the JV plans to develop out approximately 368,000 square feet. The site also benefits from excellent transport links via the A13, which provides access into central London and the M25," Henry Boot says. "HBD is due to begin work on site next year, with a target completion date of 2023."

----------

Brandshield Systems PLC - London-based cybersecurity - Completes contract with unnamed client in financial services sector. "The client is a multi-billion dollar valued investment and wealth management company operating globally," Brandshield adds. Company will provide suite of services including protection against phishing, fraud and impersonation.

----------

Cornerstone FS PLC - London-based payments provider - Establishes Asia-focused team based in London. "This is a growing market and these appointments also support Cornerstone's stated strategy of increasing its direct business by acquisition and team hires," Cornerstone says. New team joins from international payment services firm Vorto Trading Ltd. Cornerstone tips the hires to "deliver a substantial increase in the group's revenue and will be profit enhancing". "This also represents the first step since our IPO towards executing on our strategy to expand our business. This team has previously driven transactions through our platform on a partner basis and will now be doing so directly, thereby generating higher margins," CEO Julian Wheatland says.

----------

PCF Group PLC - parent of PCF Bank Ltd, serving individuals and small businesses - Updates on accounts for year ended September 30, 2020 and six months to March 31. Completing work and probes required to file results. "The PCF Group would like to thank all shareholders for their patience and support during this time, and will provide further updates in due course," PCF says. In June, PCF said audit issues related to intercompany transfers and balances as well as issues related to funding provided by PCF Bank to unit Azule Ltd. It asked for shares to be suspended back in May to allow a "further review" of its "financial controls and reporting processes".

----------

Seed Innovations Ltd - Guernsey-based investor in health, wellness and medical cannabis investor - Participates in latest funding round by Yooma Wellness Inc. Cannabis-focused wellness firm Yooma in July said it raised USD9.7 million in financing as it applies for admission to the UK's AQSE Growth Market. Seed on Tuesday says it invested GBP220,000.

----------

Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Agrees to install new 16-seat theatre style installation at SEA LIFE Orlando, Florida. Seating to be installed "over the coming weeks" and contract is for initial three years. "SEA LIFE Orlando will be the group's third larger theatre-style installation, following the successful installations at Shark Reef Aquarium, Las Vegas, and Clearwater Marine Aquarium, Florida which are both trading strongly," Immotion says.

----------

Argo Blockchain PLC - London-based cryptocurrency mining - Mines 225 bitcoin or bitcoin equivalent in July, up from 167 in June. Year-to-date, has mined 1,108. Monthly revenue amounts to GBP5.6 million, up 28% from GBP4.4 million in June.

----------

Cambridge Cognition Holdings PLC - Cambridge, England-based digital neuroscience company - Says first half performance was "strong". Sales order rise 74% yearly to GBP8.6 million, revenue up 50% to GBP4.5 million and swings to adjusted earnings before interest, tax, depreciation and amortisation of GBP200,000, from GBP300,000 loss. "The outlook remains positive and the company remains on track to be profitable in 2021," Cambridge Cognition says.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 16:48

TRADING UPDATES: Fletcher King sees materially higher full-year sales

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
25 Apr 2024 12:47

Argo Blockchain narrows annual loss amid bitcoin recovery in 2023

(Alliance News) - Argo Blockchain PLC on Thursday said the company strengthened its financial position last year, thanks to cost cutting and a rally in the price of bitcoin.

Read more
18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
5 Apr 2024 10:54

Argo Blockchain ups Bitcoin mining production in March amid relocation

(Alliance News) - Argo Blockchain PLC on Friday said it mined more Bitcoin in March than a month earlier, despite network difficulties.

Read more
5 Mar 2024 17:09

EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
5 Feb 2024 09:18

Argo Blockchain shares drop on Bitcoin production falling in January

(Alliance News) - Argo Blockchain PLC on Monday said Bitcoin production fell in January, blaming a fall in hashprice and weather affecting its facilities.

Read more
8 Jan 2024 12:39

IN BRIEF: Cellular Goods interim CEO Darcy Taylor resigns on Monday

Cellular Goods PLC - London-based cannabinoid skincare manufacturer and carbon sequestration service developer - Announces resignation of Darcy Taylor from position as chair and interim chief executive officer. Appoints Michael Edwards as executive director with immediate effect. Edwards has over 20 years of technology investment experience, and was co-founder of the Argo Blockchain PLC and NFT Investments PLC digital asset companies.

Read more
8 Jan 2024 08:43

Argo Blockchain raises GBP7.8 million in placing; December revenue up

(Alliance News) - Argo Blockchain PLC on Monday said that funds raised through the share placing would be used to repay debts, after closing out 2023 with a "strong performance".

Read more
4 Dec 2023 10:50

Argo Blockchain mining revenue up in November as mines more bitcoin

(Alliance News) - Argo Blockchain PLC on Monday reported an increase in bitcoin mined as well as revenue growth.

Read more
27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

Read more
14 Nov 2023 14:21

TRADING UPDATES: Byotrol interim sales flat; Argo loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
3 Nov 2023 09:59

IN BRIEF: Argo Blockchain mines more bitcoin in October than September

Argo Blockchain PLC - London-headquartered cryptocurrency mining company - Mines 143 Bitcoin or Bitcoin equivalents, or 4.6 Bitcoins per day, in October. This compares to mining 136 Bitcoin or Bitcoin equivalents or 4.5 Bitcoins per day in September. Says daily production up 2% in October from September, despite a 7% increase in the monthly average network difficulty in October to September. Says this is primarily due to fewer hours of economic curtailment at Helios in October. October mining revenue is USD4.3 million, up 19% from USD3.6 million in September.

Read more
5 Oct 2023 11:09

Argo Blockchain mines more bitcoin in September on power credits

(Alliance News) - Argo Blockchain PLC on Thursday reported an increase in bitcoin mined during September, which it attributed to significant power credits from economic curtailment.

Read more
8 Sep 2023 13:56

Argo Blockchain mines less bitcoin in August on economic curtailment

(Alliance News) - Argo Blockchain PLC on Friday reported a reduction in bitcoin mined during August, which it attributed to economic curtailment at its mine in Texas.

Read more
29 Aug 2023 10:10

Argo Blockchain reduces debt but Bitcoin decline hits revenue

(Alliance News) - Argo Blockchain PLC on Tuesday said it reduced its debt during the first half year as its interim loss narrowed, but that various cryptocurrency headwinds caused revenue to fall.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.