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Pin to quick picksR8 Capital Inv Share News (MODE)

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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
15 Mar 2024 19:45

IN BRIEF: R8 Capital targets August to complete Redwood acquisition

R8 Capital Investments PLC - London-based fintech with a bitcoin banking app - Expects the acquisition of Redwood Financial Partners Ltd, announced in November, to be completed by the end of August. Explains that the extended time frame is largely to accommodate an IFRS conversion exercise of Redwood Bank Ltd, RFPL's wholly-owned subsidiary, and to provide sufficient time for the Prudential Regulation Authority to provide consent to change of ownership, required under the transaction. Believes the deal is progressing well, although it remains subject to due diligence and regulatory approval.

Read more
10 Nov 2023 15:10

R8 Capital plots July conclusion for Redwood acqusition

(Alliance News) - R8 Capital Investments PLC on Friday said it expects its acquisition of Redwood Financial Partners Ltd to be sealed around the start of July.

Read more
2 Oct 2023 18:13

IN BRIEF: R8 Capital plots reverse takeover of Redwood Financial

R8 Capital Investments PLC - London-based fintech with a bitcoin banking app - Plans to buy Redwood Financial Partners Ltd, the parent company of Redwood Bank Ltd, a specialist business bank. Payment terms have not been finalised, but expects consideration will be in excess of GBP50 million. This will be satisfied entirely by the issue of new R8 shares. Further, intends to carry out a fundraising to be contributed to the bank as tier 1 regulatory capital. Redwood Bank is a specialist business bank and was launched in 2017. R8 explains should the acquisition complete, it would constitute a reverse take over under listing rules and the company would apply for the re-admission of its shares to the Official List and the Main Market of the London Stock Exchange. As a result, requests suspension of the company's listing from today.

Read more
12 Sep 2023 14:25

TRADING UPDATES: FRP Advisory buys Wilson Field for GBP4.8 million

(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
7 Sep 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 8 September 
Berkeley Group Holdings PLCAGM
Byotrol PLCAGM
Gear4Music PLCAGM
JLEN Environmental Assets Group LtdAGM
Kenmare Resources PLCEGM re proposed tender offer
Mid Wynd International Investment Trust PLCAGM
SVM UK Emerging Fund PLCAGM
Monday 11 September 
SDCL Energy Efficiency Income Trust PLCAGM
Tuesday 12 September 
DWF Group PLCGM re cash acquisition by Aquila Bidco Ltd
Northern Bear PLCAGM
RC365 Holding PLCAGM
Rockwood Strategic PLCAGM
Sure Ventures PLCAGM
Warehouse REIT PLCAGM
Wednesday 13 September 
BH Macro LtdAGM
Castelnau Group LtdAGM
Creightons PLCAGM
Eckoh PLCAGM
Glantus Holdings PLCEGM re takeover by Basware
Hornby PLCAGM
Marlowe PLCAGM
Worsley Investors LtdAGM
Thursday 14 September 
AEW UK REIT PLCAGM
Altitude Group PLCAGM
Auto Trader Group PLCAGM
Baker Steel Resources Trust LtdAGM
Belluscura PLCAGM
IG Design Group PLCAGM
Mode Global Holdings PLCAGM
Ryanair Holdings PLCAGM
Twenty Four Income Fund LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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21 Aug 2023 14:54

Mode Global Holdings to change name to R8 Capital

(Alliance News) - Mode Global Holdings PLC on Monday said it will be renamed to R8 Capital PLC.

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4 Jul 2023 13:44

Mode Global loss narrows and revenue falls; seeking future investment

(Alliance News) - Mode Global Holdings PLC on Tuesday said its annual loss narrowed as costs decreased, while revenue was hurt by a decline in its crypto business.

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17 Mar 2023 21:10

TRADING UPDATES: Literacy Capital nets gain from investment disposal

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

Read more
17 Mar 2023 20:49

TRADING UPDATES: Literacy Capital nets gain from investment disposal

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

Read more
26 Jan 2023 21:52

TRADING UPDATES: Proton wins order; Caerus Mineral sells assets

(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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19 Jan 2023 16:54

TRADING UPDATES: Mode Global considers sale; RPS takeover complete

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

Read more
30 Nov 2022 20:46

TRADING UPDATES: Scholium profit grows; Honye Financial loss narrows

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

Read more
18 Nov 2022 14:43

IN BRIEF: Mode Global assures shareholders after FTX collapse

Mode Global Holdings PLC - London-based fintech with a bitcoin banking app - Assures shareholders that it continues to hold itself to the highest standards of customer protection and transparency following the collapse of the Futures Exchange, which has sent "shock waves through the industry and will undoubtedly have damaged confidence in the short to medium term". Adds that it is confident that its business principles and model can be trusted by all stakeholders and that it operates a different business model from FTX.

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4 Nov 2022 20:38

TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

(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
27 Oct 2022 16:59

IN BRIEF: Mode adds to platform with new cryptocurrency tokens

Mode Global Holdings PLC - London-based bitcoin banking app - Announces addition of new cryptoassets to platform. Ethereum is now available to buy and sell for all Mode app users, while Solana and Polkadot will follow in the next two weeks.

Read more

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