Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksQinetiq Share News (QQ.)

Share Price Information for Qinetiq (QQ.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 452.80
Bid: 295.00
Ask: 650.00
Change: 0.00 (0.00%)
Spread: 355.00 (120.339%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 452.80
QQ. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: AEW UK REIT appoints new chair; Oberon raises money

Tue, 19th Sep 2023 17:30

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

----------

AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Appoints Robin Archibald to board from October 1. He will replace outgoing Chair Mark Burton at the 2024 annual general meeting. The company's last AGM was on September 14. Archibald is the former head of corporate finance and broking at Winterflood Investment Trusts and was chair of Albion Technology Venture Capital Trust. Archibald joins the board alongside Liz Peace, who joins as non-executive director on October 1. Peace was a "key player" in the creation of Farnborough, Hampshire-based defence technology company QinetiQ PLC in 2001 and was chief executive officer of the British Property Federation, where she played a "significant" role in the creation of the UK's Real Estate Investment Trust structure.

----------

Barkby Group PLC - investor in roadside property and in consumer and life sciences companies - Notes that subsidiary Cambridge Sleep Sciences grants five-year global license to Mammoth International Ltd, enabling it to manufacture a Smart Mattress via CSS's SleepEngine platform. Under the contract, Mammoth will pay CSS a royalty of GBP75 per single mattress and GBP150 per double mattress it produces. CSS CEO Julian Stone says: "We're delighted to be working with Mammoth, helping it to enhance its product range with a new Smart Mattress. Mammoth has strong credentials, particularly in specialist health and sport mattresses and our technology is a natural extension of their design ethos." Company adds that CSS is in advanced negotiations with "several household names" on several multi-year enterprise licensing deals for its SleepEngine technology.

----------

Bivictrix Therapeutics PLC - biotechnology company focusing on cancer therapies - In the first half of 2023, pretax loss narrows to GBP1.4 million from GBP1.6 million a year prior, with the loss being the same as operating costs for both periods. Looking ahead, Chief Executive Officer Tiffany Thorn says: "I am very encouraged by the growth we have made towards future-proofing the company, supported by notable progress towards moving our lead asset, BVX001, towards the clinic and broadened internal capabilities and know-how." After BVX001 has received a patent in the US for broad protection until 2039, the company is eyeing a further granted patent in Japan in the next weeks.

----------

Eurasia Mining PLC - London-headquartered, mining and mineral exploration company formerly focused on Russia - Pretax loss in the six months to June 30 widens to GBP7.4 million from GBP7.2 million a year prior, as loss classified as "other" increases to GBP6.4 million from GBP2.8 million. Notes that the first half of 2023 was mostly focused on selling its Russian assets. Chair Christian Schaffalitzky says: "We recognise that, in relation to the potential asset sale, it may be a source of frustration for shareholders that we cannot report on specific counterparties, the nature of our discussions, and the ongoing processes in more detail. This reflects the regulatory regime and the many confidentiality agreements that govern this activity. However, although there can be no guarantees, all the Eurasia board members are engaged in contributing towards a successful outcome to this process, and we look forward to providing our shareholders with further updates as appropriate."

----------

Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Expects to release 2022 results in the next 2 to 3 weeks, with the audit process taking longer than expected due to Moore Stephens Audit & Assurance Jersey Ltd needing time to on-board the company and its Ghanaian subsidiary. Moore Stephens has been Goldstone's auditor since June. Further, Goldstone says it is in discussions with Asia Investment Management Services Ltd to seek an appropriate extension to its secured gold loan facility which is due to mature on September 30. Regarding results for the first half of 2023 which are due at the end of the month, the company aims to release them shortly after publishing its 2022 results.

----------

Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Raises GBP2.5 million via conditional placing of 69.4 million shares at 3.6 pence each. Proceeds will be used to support expansion of the company's key business divisions, and the expected appointment of new revenue generating teams to speed up growth across Oberon. Placing of the shares is conditional on approval from shareholders at the annual general meeting on Thursday. Looking ahead, CEO Simon McGivern says: "Oberon is anticipating considerable growth in 2023 and beyond, which will be bolstered by this placing. We warmly welcome our new institutional investors, alongside the continued support from our existing investor base." Further, company announces retail offer to raise up to GBP500,000 via the Winterflood Retail Access Platform, via issuing 13.9 million shares at 3.6p each.

----------

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 Jul 2020 17:15

UK DIRECTOR DEALINGS SUMMARY: Braveheart Buys Stake In RMS From Brown

UK DIRECTOR DEALINGS SUMMARY: Braveheart Buys Stake In RMS From Brown

Read more
1 Jul 2020 15:46

Director dealings: Qinetiq director raises stake

(Sharecast News) - Qinetiq revealed on Wednesday that non-executive director Susan Searle had acquired 10,000 ordinary shares in the FTSE 250-listed science and engineering group.

Read more
25 Jun 2020 10:07

QinetiQ To Sell Boldon James To HelpSystems For GBP30 Million

QinetiQ To Sell Boldon James To HelpSystems For GBP30 Million

Read more
25 Jun 2020 08:28

Qinetiq disposes of Boldon James

(Sharecast News) - Science and engineering group Qinetiq agreed to dispose of software company Boldon James on Thursday.

Read more
12 Jun 2020 09:33

UK BROKER RATINGS SUMMARY: Deutsche Bank Cuts Johnson Matthey To Hold

UK BROKER RATINGS SUMMARY: Deutsche Bank Cuts Johnson Matthey To Hold

Read more
26 May 2020 09:48

UK BROKER RATINGS SUMMARY: Goldman Cuts Ascential To Neutral From Buy

UK BROKER RATINGS SUMMARY: Goldman Cuts Ascential To Neutral From Buy

Read more
21 May 2020 11:05

QinetiQ Annual Orders Jump To Near-Decade High But Profit Flat

QinetiQ Annual Orders Jump To Near-Decade High But Profit Flat

Read more
21 May 2020 10:43

UK WINNERS & LOSERS SUMMARY: Dart Dashes Up On Oversubscribed Placing

UK WINNERS & LOSERS SUMMARY: Dart Dashes Up On Oversubscribed Placing

Read more
21 May 2020 07:51

QinetiQ serves up fourth consecutive year of growth

(Sharecast News) - QinetiQ reported its fourth consecutive year of growth on Thursday, with its orders up 25% excluding the LTPA amendment, making for its largest annual order intake in nine years.

Read more
19 May 2020 17:03

UK EXECUTIVE CHANGE SUMMARY: Qinetiq Hires Former CDC, Unilever Exec

UK EXECUTIVE CHANGE SUMMARY: Qinetiq Hires Former CDC, Unilever Exec

Read more
14 May 2020 16:28

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
14 May 2020 16:27

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
22 Apr 2020 09:20

UK BROKER RATINGS SUMMARY: Goldman Sachs Downgrades Sage To Sell

UK BROKER RATINGS SUMMARY: Goldman Sachs Downgrades Sage To Sell

Read more
1 Apr 2020 08:42

LONDON MARKET OPEN: FTSE 100 Plummets At Open With UK Banks Falling

LONDON MARKET OPEN: FTSE 100 Plummets At Open With UK Banks Falling

Read more
1 Apr 2020 08:35

QinetiQ Delays Final Dividend Decision Due To Virus Crisis Uncertainty

QinetiQ Delays Final Dividend Decision Due To Virus Crisis Uncertainty

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.