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Pin to quick picksQinetiq Share News (QQ.)

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Share Price: 368.40
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Change: 1.80 (0.49%)
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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:

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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.

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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.

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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.

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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."

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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.

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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.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Apr 2023 09:50

Qinetiq pens GBP259 million renewal for UK maritime pact

(Alliance News) - Qinetiq Group PLC on Wednesday said it has renewed its UK maritime strategic capability arrangement with the Submarine Delivery agency for at least another 10 years.

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5 Apr 2023 09:05

QinetiQ inks 10-year renewal with UK Submarine Delivery Agency

(Sharecast News) - QinetiQ Group announced the renewal of its Maritime Strategic Capability Arrangement (MSCA) with the Submarine Delivery Agency on Wednesday, for a further 10 years.

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5 Apr 2023 07:58

LONDON BRIEFING: RS Group profit tops consensus; Entain goes shopping

(Alliance News) - Stocks in London are set to open marginally higher on Wednesday, despite a weaker handover from Asia and New York, ahead of a slew of European services PMI prints.

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30 Mar 2023 10:08

Qinetiq inks four year contract with US army worth USD93 million

(Alliance News) - Qinetiq Group PLC on Thursday said it has won a contract to develop digital night vision technology, worth up to USD92.6 million over four years.

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30 Mar 2023 07:57

LONDON BRIEFING: Stocks add to rebound; SSE ups earnings guidance

(Alliance News) - Stocks in London are set to build on Wednesday's gains, as risk appetite recovers following the recent banking turmoil.

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30 Mar 2023 07:35

Qinetiq wins $92m US army night vision development contract

(Sharecast News) - QinetiQ Group on Thursday said it had won a $92.6m contract from the US army to develop digital night vision technology (DNVT).

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20 Mar 2023 09:04

Dialight to appoint Qinetiq chair as non-executive chair in May

(Alliance News) - Dialight PLC on Monday said Qinetiq Group PLC chair Neil Johnson will become its non-executive chair on May 17, replacing outgoing chair David Thomas following the conclusion of Dialight's annual general meeting on May 16.

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13 Mar 2023 09:55

"Vicious" sell-off: 99% of STOXX in the red

STOXX 600 down 2.2%

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1 Mar 2023 09:52

LONDON BROKER RATINGS: Canaccord says sell Future; Investec likes RWS

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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16 Feb 2023 09:08

IN BRIEF: Qinetiq appoints Gary Stewart as Australia chief executive

Qinetiq Group PLC - Announces the formation of a new Australia sector and names Gary Stewart as the sector's chief executive, effective May 1.

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16 Feb 2023 08:02

QinetiQ forms new Australia unit, names CEO

(Sharecast News) - Defence technology company QinetiQ said it had formed a new Australia Sector and named Gary Stewart as its chief executive.

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1 Feb 2023 17:08

LONDON MARKET CLOSE: FTSE 100 in the red as US Fed decision looms

(Alliance News) - Stocks in London were mixed at the close on Wednesday as markets looked ahead to the US Federal Reserve's next interest rate decision.

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1 Feb 2023 09:33

LONDON BROKER RATINGS: Citigroup cuts Persimmon; HSBC raises Asos

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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27 Jan 2023 15:48

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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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18 Jan 2023 11:39

IN BRIEF: Qinetiq on track to deliver in line with expectations

Qinetiq Group PLC - Hampshire, England-based science & engineering company operating primarily in the defence and security markets - Says it is on track to deliver in line with expectations for financial 2023. Continues to deliver good operational performance in the third quarter ended on December 31. It has recently delivered four additional RCV-L prototype vehicles to the US Army for expanded testing. Qinetiq has also won a 10-year contract with the UK Ministry and Defence, worth GBP80 million for mission data services.

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