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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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IN BRIEF: PureTech shares jump on Karuna Therapeutics trial results

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Says founded entity Karuna Therapeutics reports positive phase III trial results from Emergent-2 trial for KarXT in schizophrenia. KarXT, or xanomeline-trospium, met its primary endpoint in the trial, showing a significant 9.6 point reduction in Positive and Negative Syndrome Scale total score compared to a placebo. The PANSS scale measures the symptom severity of patients with schizophrenia. The trial also met key secondary endpoints, the firm says. Karuna plans to submit a new drug application with the US Food & Drug Administration in mid-2023.

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IN BRIEF: PureTech Health's Aliki starts phase three study for SDT-001

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Notes that founded entity Akili Interactive Labs Inc has start a pivotal phase three randomised, controlled study of SDT-001, a candidate designed to improve the measures of attention in children diagnosed with ADHD.

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(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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30 Jun 2022 21:50

IN BRIEF: PureTech Health begins pulmonary fibrosis study

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Begins late-stage clinical study of its wholly-owned candidate LYT-100, or deupirfenidone, in idiopathic pulmonary fibrosis. Will evaluate efficacy of two doses, as well as relative tolerability and efficacy with pirfenidone. IPF is a chronic condition causing progressive scarring of the lungs, which currently has a poor prognosis. Also advances LYT-200 programme through clinical development, and plans to begin leukemia study by the end of 2022.

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28 Jun 2022 14:45

IN BRIEF: PureTech Health's founded firm Vedanta launches new facility

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Announces that its founded firm Entity Vedanta Biosciences Inc launches a new manufacturing facility. The facility will "provide clinical and commercial supply of oral therapies" for people infected with a diarrhoea-causing bacteria, firm says.

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21 Jun 2022 14:24

IN BRIEF: PureTech Health's Gelesis wins USD15 million Plenity order

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics - Investee Gelesis Holdings Inc receives another USD15 million pre-order for its weight management aid product Plenity from its distribution partner, New-York based telehealth firm Ro. It brings the total orders from Ro to USD55 million, out of which USD45 million was ordered in the last 12 months, PureTech Health adds.

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14 Jun 2022 16:54

IN BRIEF: PureTech achieves availability milestone for LYT-300 study

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics - Announces results from phase two study of LYT-100-COV on patients with post acute or long Covid with respiratory complications.

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14 Jun 2022 07:33

PureTech reports 'Glyph' milestone, disappointing long Covid results

(Sharecast News) - PureTech Health said on Tuesday that it had met a milestone in proving its 'Glyph' therapeutic platform, while separately announcing disappointing results from a study into long Covid.

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TOP NEWS: Centrica warms up for FTSE 100 as Royal Mail sent packing

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 20 after completing its quarterly review.

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25 May 2022 10:18

Centrica and Johnson Matthey indicated to join FTSE 100, Asos in 250

(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday.

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5 May 2022 12:11

LONDON MARKET MIDDAY: Pound slips as BoE opts for quarter-point hike

(Alliance News) - Stock prices in London were higher, while the pound was flat, on Thursday, after the Bank of England as expected raised UK interest rates by a quarter percentage point.

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5 May 2022 11:18

IN BRIEF: PureTech shares rise as unveils USD50 million share buyback

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics - Approves share buyback of up to USD50 million. Programme follows "follows consultation with shareholders and is consistent with PureTech's capital allocation strategy and stated approach to drive additional value for its shareholders," company says. PureTech says it had USD413.2 million of net cash and cash equivalents at March 31. Given size of balance sheet, PureTech is confident it can return capital to shareholders and also maintain "sufficient cash on hand to deliver" on strategic priorities.

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PureTech to buy back up to $50m of shares

(Sharecast News) - PureTech Health has announced a $50m share buyback programme, sending shares in the FTSE 250 biotech sharply higher.

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PureTech entity Gelesis reports positive data for weight loss drug

(Alliance News) - Boston-based biotechnology company PureTech Health PLC's founded entity Gelesis Holdings Inc said on Wednesday that its weight loss drug showed positive responses in adults in clinical trials.

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