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MGRThu, 12th Sep 2019 16:11
(Alliance News) - i3 Energy PLC said Thursday Miton Group PLC slashed its stake in the oil and gas firm to 2% after a transaction on Tuesday.
Miton held 1.8 million shares in i3 after the transaction, equivalent to a 2.0% stake in the 93.4 million shares outstanding in the firm. Prior to the transaction, Miton held a 7.3% stake in i3.
Shares in i3 were 7.8% lower at 28.80 pence in London on Thursday, having fallen 75% over the last year.
Miton Group has proposed the sale of its Liverpool fund management business Miton Capital Parners to Seneca Investment Managers for up to 6.4m pounds. The move comes after a review of the Liverpool arm showed there was "less prospect of rapid growth" of assets under management compared to other are
Read moreLONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.
Royal Mail has reported a 2% increase in like-for-like revenues for th
IGas Energy, a British onshore oil and gas explorer and developer, was one of the top risers on AIM on Thursday as Chief Executive Andrew Austin dipped into the market. Austin shelled out £0.4m on 300,000 shares at 135.38p, even though the shares are trading around all-time highs. The purchase in
Read moreLONDON (Alliance News) - Miton Group PLC Thursday said Executive Director Martin Gray sold 760,000 shares in the company at a price of 45.96 pence per share on Wednesday. The company said the roughly GBP350,000 proceeds made by the deal will be used primarily to fund subscription costs and
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