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Pin to quick picksMercia Asset Share News (MERC)

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UK TRADING UPDATE SUMMARY: Renalytix Teams With US Kidney Foundation

Wed, 02nd Dec 2020 19:50

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

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Renalytix AI PLC - artificial intelligence-enabled in vitro diagnostics company - Signs partnership with National Kidney Foundation. Partnership, Renalytix says, improve kidney disease diagnosis and assessment in the earliest stage of the disease that will ultimately guide clinical interventions and treatments for improved outcomes and quality of life. "The partnership with NKF, the leading American kidney patient advocacy organisation, will allow RenalytixAI to better consider the patient perspective and leverage the educational resources of the NKF to help improve patient quality of life, reduce suffering and potentially reduce the number of patients suffering from kidney failure," Michael Donovan, chief medical officer at RenalytixAI, says.

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Greencore Group PLC - Irish manufacturer of convenience foods - Notes completion of sale of its molasses trading businesses to United Molasses Marketing. Greencore agreed the GBP15.6 million sale in late July. The convenience foods manufacturer said the core activities of its molasses trading businesses - namely Premier Molasses - are the import and distribution of animal feed across Ireland.

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Mercia Asset Management PLC - specialist asset manager focused on small and medium enterprises - Nets GBP284,000 in performance fees as investment advisor to Northern Venture Trust PLC. Chief Executive Mark Payton says: "It is very encouraging to see the recovery in net asset value per share of Northern Venture Trust PLC, as well as similar recoveries in net asset value per share for both Northern 2 VCT PLC and Northern 3 VCT PLC. This recovery in asset prices is consistent with what we are seeing in our own direct investment portfolio."

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Yourgene Health PLC - molecular diagnostics company - Welcomes the Clinical Commissioning Urgent Policy Statement, published by NHS England. Says statement supports the use of Yourgene's oncology product, Elucigene DPYD test, which is already routinely being used in Wales. There are seven Genomic testing hubs in the NHS and currently three out of the seven are using the company's DPYD kits. Chief Executive Lyn Rees adds: "We are thrilled to see NHS England issue this statement, recommending that DPYD testing is routinely carried out prior to cancer treatment, highlighting the importance of such test and improving care for cancer patients. It's rewarding to see this has been published so soon after becoming the sole supplier of DPYD in Wales and we look forward to seeing this market grow further."

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WANdisco PLC - software company specialised in the area of distributed computing - existing relationship with IBM has been extended to integrate WANdisco's LiveData Migrator, into IBM's Big Replicate solution. "LiveData Migrator will allow IBM customers to seamlessly migrate on-premise data to hybrid cloud and multi-cloud infrastructures," company says. Chief Executive David Richards adds: "We have been working successfully with IBM for four years and it is exciting to see our partnership evolve to encompass LiveData Migrator, our latest product, and provide IBM customers with the ability to start moving data at petabyte-scale to the cloud in minutes. With legacy Hadoop platforms being retired over the next 12 months, there is an immediate need for enterprises to consider their choices for their next-generation analytics platforms."

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Ediston Property Investment Co PLC - invests in three commercial property sectors: office, retail and industrial - Declares interim dividend for period to November 30, of 0.3333 pence, unchanged from its previous dividend. Notes rent collection in the fourth quarter in line with previous forecasts. If the tenants who pay their rent monthly continue to do so, it is projected that the company will collect 94% of the rent due for the fourth quarter.

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Mode Global Holdings PLC - bitcoin banking app - Says trading volumes surged 950% in November compared to August and assets under custody increased by 210%, as more customers used the Mode app to buy and hold Bitcoin. Notes 80% of trades were purchases. Executive Chair Jonathan Rowland says: "We've seen unprecedented interest in buying and holding Bitcoin just as the market rally really took off. That coincided with the chaotic US elections that brought with it market volatility, as well as a second UK lockdown with all the economic uncertainty this entails." Mode says increase in trading volumes and assets under custody mirrors the strong performance of Bitcoin over the last few months, which has gained as much as 75% in US dollar terms since August and is up almost 300% since March's low this year.

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Tissue Regenix Group PLC - medical technology company, focusing on the development of regenerative products - Notes first delivery of OrthoPure XT has taken place with additional shipments expected in early 2021. OrthoPure XT is a decellularized porcine tendon, developed using the company's patented dCELL technology. It was granted CE Mark approval in June 2020 for the reconstruction of knee ligaments to restore function and stability. Chief Executive Daniel Lee says: "Our plan is to establish an initial distribution network for OrthoPure XT and expand as procedural levels return. This will be a key product for the group in Europe and highlights the need, and demand, for biologic solutions outside of the current US market. It is a testament to the work of our processing and commercial teams that we have secured distribution agreements and delivery of the product has remained on-track despite the challenges presented during 2020."

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Block Energy PLC - oil and gas exploration and production company focused on Georgia - Plans placing and subscription to raise up to GBP5 million. The issue price and the final number of new shares to be issued in the fundraising will be determined following the close of the bookbuild.

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Bango PLC - mobile commerce company and direct carrier billing service provider - Partners with DocuBay, to distribute memberships for the international global video on-demand platform. Under the deal, Bango Resale technology and partnerships "will power DocuBay's growth plans to increase availability to more audiences around the world, expanding its global presence and growing its user base," company says. Bango adds: "Through this Bango partnership, telecommunications companies, retailers and other mass-market consumer businesses can now offer their users bundled subscriptions to DocuBay's entertainment suite, using Bango Resale technology. Bundling desirable products with first-party services creates powerful offers that attract and retain more customers."

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Echo Energy PLC - Latin American focused energy company - Confirms conclusion of the change in the Argentine value added tax status of subsidiary Eco Energy TA Op. Eco Energy holds a 25% interest in the Santa Cruz Sur assets of Echo's total 70% interest. As a result and with effect from December 1, 2020, the xubsidiary will not be required to pay VAT retentions on invoiced domestic income. Prior to confirmation of this change, the subsidiary had been required to pay VAT retentions of 10.5% on domestic sales revenues.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
10 Apr 2024 12:00

Mercia Asset Management reports record fund inflows

(Sharecast News) - Mercia Asset Management released its trading summary for the financial year ended 31 March on Wednesday, with organic fund inflows surpassing £0.5bn, marking a record and reflecting a 40% surge in third-party funds under management since the start of the financial year.

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10 Apr 2024 11:20

Mercia Asset Management hails portfolio's annual performance

(Alliance News) - Mercia Asset Management PLC on Wednesday said it had achieved a record level of organic fund inflows in its latest financial year in the face of a "challenging market backdrop".

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22 Mar 2024 14:07

DIRECTOR DEALINGS: Hollywood Bowl COO Lewis sells 180,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

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

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21 Mar 2024 13:38

Mercia Asset Management secures two new BBB mandates

(Sharecast News) - Mercia Asset Management announced an expanded role in bolstering regional business growth on Thursday, with the acquisition of two new fund mandates from the British Business Bank (BBB).

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14 Mar 2024 15:17

EARNINGS AND TRADING: Smarttech247 and Beeks in deal boosts

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

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14 Mar 2024 13:22

Mercia Asset Management invests further in three portfolio firms

(Sharecast News) - Mercia Asset Management announced the completion of syndicated funding rounds into three existing direct investments on Thursday, totalling £5.7m.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

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

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29 Feb 2024 13:18

Mercia Asset Management to manage three BBB Midlands mandates

(Alliance News) - Mercia Asset Management PLC on Thursday said it has been selected to manage three British Business Bank Midlands funds.

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28 Nov 2023 17:03

EARNINGS: Loungers says not all "doom and gloom" for hospitality

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

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21 Nov 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 22 November 
Bodycote PLCTrading Statement
Breedon Group PLCTrading Statement
Britvic PLCFull Year Results
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
Thursday 23 November 
Alpha Financial Markets Consulting PLCHalf Year Results
First Property Group PLCHalf Year Results
FirstGroup PLCHalf Year Results
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Mitie Group PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
PayPoint PLCHalf Year Results
Princess Private Equity Holding LtdQ3 Results
Virgin Money UK PLCFull Year Results
Volex PLCHalf Year Results
XPS Pensions Group PLCHalf Year Results
Friday 24 November 
no events scheduled 
Monday 27 November 
Celebrus Technologies PLCHalf Year Results
DSW Capital PLCHalf Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Northern Bear PLCHalf Year Results
Rightmove PLCTrading Statement
Serinus Energy PLCQ3 Results
SysGroup PLCHalf Year Results
Tuesday 28 November 
Altitude Group PLCHalf Year Results
Augmentum FintechHalf Year Results
Brickability Group PLCHalf Year Results
DP Eurasia NVTrading Statement
easyJet PLCFull Year Results
Focusrite PLCFull Year Results
Greencore Group PLCFull Year Results
IG Design Group PLCHalf Year Results
Kinovo PLCHalf Year Results
Loungers PLCHalf Year Results
Mercia Asset Management PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Renew Holdings PLCFull Year Results
Safestore Holdings PLCTrading Statement
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Vp PLCHalf Year Results
Watkin Jones PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Nov 2023 17:58

TRADING UPDATES: Begbies to meet expectations; McBride shines

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

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20 Nov 2023 14:33

Mercia announces sale of VR specialist nDreams

(Sharecast News) - Mercia Asset Management announced the sale of nDreams to Aonic on Monday for an enterprise value of £90.3m.

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18 Oct 2023 11:57

Mercia Asset Management completes GBP4.4 million Netacea funding round

(Alliance News) - Mercia Asset Management PLC on Wednesday said it completed a GBP4.4 million funding round into Netacea Group Ltd, with Mercia contributing GBP1.6 million of that.

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21 Sep 2023 14:37

Mercia Asset Management reports solid start to year

(Sharecast News) - Mercia Asset Management reported a strong start to the financial year in an update on Thursday, with a consistent performance across its asset classes.

Read more

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