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UK TRADING UPDATE SUMMARY: Retailer Sosandar In Quarterly Revenue Jump

Tue, 07th Jul 2020 16:35

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

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Sosandar PLC - Cheshire-based women's clothing retailer - Says first quarter revenue surges by 54% annually. Has seen 24% increase in new customers during quarter.

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Altitude Group PLC - personalised products marketplace operator - Trading between January and mid-March went as forecast though between mid-March and May, supplier partners posted 80% year-on-year slumps in regular promotional orders. Activity has increased as some US states emerge from lockdown, order activity in June at 50% of prior year.

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Rosslyn Data Technologies PLC - procurement and master data management solutions provider - Notes it has continued to support its clients, across various sectors such as banking and pharmaceuticals, during Covid-19 pandemic. Notes it saved one customer GBP12 million through data and invoicing assistance.

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Argo Blockchain PLC - cryptocurrency miner - Mined 180 bitcoin or bitcoin equivalent in June, down 29% from 252 in May. Argo notes month-on-month reduction down to "rise in mining difficulty mid-month and an adjustment to more cost-efficient mining".

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PCI-PAL PLC - secure payment solutions provider - Expects to report revenue of GBP4.4 million for year to June 30, up 55% from GBP2.8 million. Expects revenue growth between 50% and 60% in financial 2021.

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Live Company Group PLC - events firm - Says significant cost savings achieved in second quarter. BRICKLIVE Animal Paradise site now open in a Michigan zoo but number of events booked for quarter postponed due to Covid-19.

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Enwell Energy PLC - Ukraine-focused oil and gas explorer - Says overall production volumes in Ukraine rose 13% year-on-year in second quarter. Notes SV-54 development well completed after reaching final depth of 5,322 metres.

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Cadence Minerals PLC - Mineral resources investor based in London - Says Amapa iron ore project owner DEV Mineracao SA yet to reach a settlement with its creditors. It remains the last precondition before Cadence takes stake in project.

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Aura Energy Ltd - Australian minerals exploration firm - Signs CAD4.5 million, about GBP million, funding term sheet with Toronto-listed Chilean Metals Inc for Aura's gold, base and battery metal tenements in Mauritania.

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Thor Mining PLC - London-based vanadium miner - Reports "positive" assay results from field sampling of potential vanadium acquisition in Colorado.

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Zenith Energy Ltd - Africa-focused oil & gas producer - Enters into a joint-venture agreement with an oil and gas firm in Republic of Congo. Purpose of the pact is to acquire an onshore oil production licence which had output rate of 300 barrels of oil per day in 2019.

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Pure Gold Mining Inc - Canada-based gold mine developer - Exploration drilling at Red Lake mine funds "high-grade gold mineralisation".

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PureTech Health PLC - London-based biotherapeutics firm - Founding entity Vor raises USD110 million in Series B financing. Cash to go towards advancing the VOR33 candidate into clinical trials.

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Inspiration Healthcare Group PLC - Crawley-based medical technology company - Notes that GBP18.0 million deal to acquire SLE Ltd has been completed.

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Vectura Group PLC - London-based drug delivery products - Notes Novartis's Enerzair Breezhaler asthma treatment product inks regulatory green light in Europe and Japan. Vectura receives USD6.3 million in milestone payments. Product uses Vectura's formulation IP.

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Open Orphan PLC - pharmaceutical services company - Signs three new laboratory services contracts. Notes one contract is with University of Cambridge spin-off NoBACZ Ltd which is developing an antimicrobial coating for everyday surface to prevent illness trasmission.

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SkinBioTherapeutics PLC - Macclesfield-based skin health-focused life sciences company - Finishes stable formulation of AxisBiotix product, a food supplement which treats psoriasis.

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Path Investments PLC - energy and natural resources investment company - Terms of acquisition of Zoetic International PLC's 75% stake in DT Ultravert altered. Path will now issue 15.0 million warrants at an exercise price of 0.75p, together with 15.0 million warrants exercisable at 1.5p. Path to also pay Zoetic a royalty of 6% from all revenue at DTU.

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Aberdeen New India Investment Trust PLC - investment trust - Enters into two-year GBP30 million loan pact with Royal Bank of Scotland International Ltd

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Frontier IP Group PLC - intellectual property investment company with offices in Edinburgh, Cambridge and London - Portfolio company Celerum Ltd sub-contracted to support software development for Aberdeen-based PlanSea Solutions Ltd. Frontier holds a 34% stake in Celerum.

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Braveheart Investment Group PLC - private equity and venture capital firm - Investee Paraytec Ltd progressing with Covid-19 test development with University of Sheffield. Producing an artificial version of virus to avoid using live Covid-19.

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Gresham House Energy Storage Fund PLC - London-based energy storage investor - Launches debt issue to fund acquisition of battery storage products. Aims to generate proceeds of GBP15 million through an initial issue of 5.0% per year fixed rate bonds.

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Gunsynd PLC - London-based investment firm - Placed a further 16.0 million shares due to investor demand, raising GBP104,000. Proceeds will go towards making investments.

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Helical PLC - property investor with office assets in London - On July 3, 76% of rent for June quarter was collected with further 15% agreed to be paid in instalments.

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Impax Asset Management Group PLC - sustainability-focused investor - Assets under management at end of June totalled GBP18.1 billion, a 26% increase during third quarter.

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Velocity Composites PLC - composite materials supplier for aerospace sector - Lands new framework agreement with customer that is a UK prime contractor in the defence sector.

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Avingtrans PLC - engineering firm - Revenue for year ended May 31 expected to rise 8.6% to GBP114 million from GBP105 million. Says Covid-19 shrouds visibility for financial 2021, so net year ready to release guidance.

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Seeing Machines Ltd - monitoring systems developer - Welcomes Moving Forward Act which has been passed by US House of Representatives. Bill requires vehicles to pass safety checks including automatic braking, lane-keeping, blind-spot detection, event data recorders. Bill needs Senate approval now.

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LPA Group PLC - LED lighting system manufacturer - Secures GBP3.3 million in contract wins in UK and export rail markets.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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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.

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16 Apr 2024 21:57

EARNINGS AND TRADING: J Smart boosts revenue, Tertiary starts drilling

(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:

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US FDA hands fast track to PureTech head and neck cancer treatment

(Alliance News) - PureTech Health PLC on Thursday said that its LYT-200 cancer treatment has received a significant endorsement from the US drugs regulator.

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PureTech Health CEO Zohar moves to head-up portfolio firm Seaport

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PureTech founder steps down as CEO to lead SeaPort spin-off

(Sharecast News) - Clinical-stage biotherapeutics group PureTech has announced that its founding chief executive is to step down to lead SeaPort Therapeutics, a PureTech company she founded that has just raised $100m in Series A financing.

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19 Mar 2024 16:57

LONDON MARKET CLOSE: European large-caps rise on eve of Fed decision

(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

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19 Mar 2024 11:16

PureTech shares jump on USD100 million tender offer proposal

(Alliance News) - PureTech Health PLC on Tuesday said it plans to return USD100 million to shareholders with a tender offer, starting after it publishes its annual report in April.

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19 Mar 2024 09:46

Puretech Health proposes $100m capital return

(Sharecast News) - Biotherapeutics company PureTech Health has proposed a capital return of $100.0m to its shareholders by way of a tender offer.

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13 Mar 2024 12:27

PureTech Health celebrates drug designation for LYT-200 from US FDA

(Alliance News) - PureTech Health PLC on Wednesday touted the efficacy of its acute myeloid leukaemia therapy, after securing a regulatory designation from the US Food & Drug Administration.

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PureTech notes positive results from Shionogi's EndeavorRx ADHD trial

(Alliance News) - PureTech Health PLC on Tuesday noted that its founded entity, Akili Inc, has announced positive results from a phase 3 clinical trial of EndeavorRx for children with attention deficit hyperactivity disorder in Japan.

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PureTech makes strong progress, expects "multiple catalysts" next year

(Alliance News) - PureTech Health PLC on Wednesday said it made "strong strategic and clinical progress" in 2023, and predicted "a productive and exciting" tear to come.

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