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Pin to quick picksSymphony Env. Share News (SYM)

Share Price Information for Symphony Env. (SYM)

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Share Price: 3.50
Bid: 3.00
Ask: 4.00
Change: 0.00 (0.00%)
Spread: 1.00 (33.333%)
Open: 3.50
High: 3.50
Low: 3.50
Prev. Close: 3.50
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WINNERS & LOSERS SUMMARY: Acacia Mining, Amerisur Rise After M&A

Fri, 19th Jul 2019 10:29

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------ITV, up 1.8%. The broadcaster has confirmed details of its agreement with the BBC to launch BritBox, a subscription-based video streaming service, in the UK during the fourth quarter of 2019. ITV will hold a 90% stake in the streaming service, which will be charged monthly at GBP5.99. As a founding partner with 10% stake, BBC "will contribute to the strategic direction of the venture". The BBC has an option to increase its stake in the BritBox venture to 25% over time, while ITV will be able to bring additional investors and will be appointing the majority of Britbox's board members. ----------FTSE 250 - WINNERS----------Acacia Mining, up 18%. The miner has agreed a full takeover by parent Barrick Gold at a valuation well above what Barrick had previously suggested. Barrick is offering 0.168 of its own shares per Acacia share, which implies a value of 232 pence per Acacia share. This is a 54% premium to Acacia's closing price of 151p on May 20, the day before Barrick announced a possible offer. The agreed deal values the entirety of Acacia at GBP951 million, and given Barrick already has a 64% stake, Barrick will be paying GBP343 million for the stock it does not already own. The new 232p offer is well above what Barrick had previously proposed, a 0.153 Barrick share offer valuing Acacia at 146p per share. ----------Aston Martin, up 3.7%. A major shareholder is to increase its stake at a cost of GBP68 million, the investor said. Strategic European Investment was set up last December, and is a subsidiary of Investindustrial VI, a fund managed by Investindustrial Advisors. Investindustrial Advisors also manages Prestige Motor and Preferred Prestige Motor, which combined own 31% of Aston Martin. Strategic European is to buy 6.8 million Aston Martin shares at GBP10.00 each, for approximately GBP68.4 million. This will take the combined stake of Investindustrial Advisors' funds to 34%. ----------FTSE 250 - LOSERS----------Close Brothers, down 3.3%. The firm said its banking division's loan book grew during the first 11 months of financial 2019, as the company saw a "solid" performance despite mixed trading conditions. The financial services company said the loan book reached GBP7.6 billion as at June 30, up from GBP7.3 billion at the end of the first 11 months of the last financial year. The firm said the commercial and retail sectors have both grown with its property division remaining flat. Close Brothers said the banking unit's bad debt ratio remained low and year-to-date net interest margin was 7.8%, slightly lower on last year's 8.0% The company's asset management sector saw managed assets rise to GBP11.3 billion from GBP10.2 billion a year ago. Total client assets also increased year-on-year to GBP12.9 billion from GBP12.0 billion. The Winterflood securities business saw "solid" profit levels despite trading volumes remaining low, Close Brothers said. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Amerisur Resources, up 23%. The oil and gas producer has started a review of the company, including a potential sale, with some interest already received. Amerisur, with a market capitalisation of GBP170.2 million, was worth more than four times that. Amerisur said the review has been initiated after interest in the company and its assets from peers, as well as the "high level" of activity in the Colombian oil and gas sector. "The company confirms that, at the time of this announcement, it has received a non-binding proposal regarding a potential sale of the company and various other indicative proposals regarding the sale of certain assets of the company," said Amerisur.----------Symphony Environmental Technologies, up 16%. The company has raised GBP1.9 million after Vincel Investment Holdings took 15.5 million new shares at 12.5p each. The funds will be used to help Symphony continue to development of its environmental technologies. ----------

More News
22 Mar 2024 17:05

Symphony Environmental Technologies looks to raise almost GBP2 million

(Alliance News) -Symphony Environmental Technologies PLC on Friday announced a fundraising plan and said its revenue rose in 2023, despite suffering some "delays".

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22 Mar 2024 10:17

AIM WINNERS & LOSERS: Trakm8 falls on profit warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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14 Mar 2024 13:36

Symphony Environmental Tech extends convertible loan agreements

(Sharecast News) - Symphony Environmental Technologies announced extensions to its existing convertible loan agreements with Sea Pearl Ventures on Thursday, to 31 December 2025, expanding from the previous end date of 30 September 2024.

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13 Mar 2024 15:10

IN BRIEF: Symphony Environmental plastics given approval by EPA report

Symphony Environmental Technologies PLC - London-based manufacturer of biodegradable plastic products - Notes a 2021 report from the US Environmental Protection Agency saying that pro-oxidant plastic masterbatches, of the kind made by the company, "could significantly reduce the persistence of plastic pollution without creating undesired by-products". The report also says that, unlike the single-use plastics commonly used for packaging, pro-oxidant masterbatches more easily break down and degrade, resulting in a smaller ecological footprint.

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9 Feb 2024 18:53

TRADING UPDATES: Apax opts against lifting offer; DCI enters loan deal

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

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9 Feb 2024 12:39

Symphony confident despite court ruling on oxo-degradable plastics

(Sharecast News) - Symphony Environmental Technologies updated the market on Friday on the judgement of the General Court of the European Union, delivered on 31 January, around an EU directive prohibiting oxo-degradable products that do not properly biodegrade.

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31 Jan 2024 12:30

EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement

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

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31 Jan 2024 10:21

AIM WINNERS & LOSERS: Pebble Beach rises as trades ahead of forecasts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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18 Jan 2024 12:54

Symphony Environmental shares jump as revenue edged higher

(Alliance News) - Symphony Environmental Technologies PLC shares rose on Thursday, after it reported higher 2023 revenue and updated markets on its case it brought against the Commission, Parliament & Council of the European Union

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18 Oct 2023 14:25

IN BRIEF: Symphony Environmental inks additional loan agreement

Symphony Environmental Technologies PLC - Hertfordshire-based developer of technology to make plastic biodegradable - Enters into an additional convertible loan agreement with Sea Pearl Ventures Ltd. Says the key terms of the loan are similar to the previous GBP1.0 million convertible loan announced in March. Notes that GBP500,000 will be drawn down immediately, and a further GBP500,00 on or before March 31. Interest on the loan will accrue at 7% per year.

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29 Sep 2023 12:55

EARNINGS: CMO "not immune" to tough market; Malvern in profit swing

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

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29 Sep 2023 12:53

First-half losses narrow for Symphony Environmental Technologies

(Sharecast News) - Sustainable plastic products developer Symphony Environmental Technologies reported a rise in first-half revenue on Friday, to £3.6m from £3m a year earlier.

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26 Sep 2023 12:08

Symphony Environmental Tech shares up as Yemen enforces 2010 law

(Alliance News) - Symphony Environmental Technologies PLC on Tuesday said that Yemen has started to enforce an oxo-biodegradable plastic law that it passed in 2010 but was delayed due to the civil war.

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26 Sep 2023 10:39

AIM WINNERS & LOSERS: Bowleven shares drop on concern for cash runaway

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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11 Aug 2023 08:37

Symphony Environmental loses two board members

(Sharecast News) - Plastic and rubber sustainability specialist Symphony Environmental Technologies announced the immediate resignations of non-executive director Bob Wigley and executive director Alexander Brennan on Friday.

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