(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Renalytix AI PLC - artificial intelligence-enabled in vitro diagnostics company - Signs partnership with National Kidney Foundation. Partnership, Renalytix says, improve kidney disease diagnosis and assessment in the earliest stage of the disease that will ultimately guide clinical interventions and treatments for improved outcomes and quality of life. "The partnership with NKF, the leading American kidney patient advocacy organisation, will allow RenalytixAI to better consider the patient perspective and leverage the educational resources of the NKF to help improve patient quality of life, reduce suffering and potentially reduce the number of patients suffering from kidney failure," Michael Donovan, chief medical officer at RenalytixAI, says.
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Greencore Group PLC - Irish manufacturer of convenience foods - Notes completion of sale of its molasses trading businesses to United Molasses Marketing. Greencore agreed the GBP15.6 million sale in late July. The convenience foods manufacturer said the core activities of its molasses trading businesses - namely Premier Molasses - are the import and distribution of animal feed across Ireland.
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Mercia Asset Management PLC - specialist asset manager focused on small and medium enterprises - Nets GBP284,000 in performance fees as investment advisor to Northern Venture Trust PLC. Chief Executive Mark Payton says: "It is very encouraging to see the recovery in net asset value per share of Northern Venture Trust PLC, as well as similar recoveries in net asset value per share for both Northern 2 VCT PLC and Northern 3 VCT PLC. This recovery in asset prices is consistent with what we are seeing in our own direct investment portfolio."
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Yourgene Health PLC - molecular diagnostics company - Welcomes the Clinical Commissioning Urgent Policy Statement, published by NHS England. Says statement supports the use of Yourgene's oncology product, Elucigene DPYD test, which is already routinely being used in Wales. There are seven Genomic testing hubs in the NHS and currently three out of the seven are using the company's DPYD kits. Chief Executive Lyn Rees adds: "We are thrilled to see NHS England issue this statement, recommending that DPYD testing is routinely carried out prior to cancer treatment, highlighting the importance of such test and improving care for cancer patients. It's rewarding to see this has been published so soon after becoming the sole supplier of DPYD in Wales and we look forward to seeing this market grow further."
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WANdisco PLC - software company specialised in the area of distributed computing - existing relationship with IBM has been extended to integrate WANdisco's LiveData Migrator, into IBM's Big Replicate solution. "LiveData Migrator will allow IBM customers to seamlessly migrate on-premise data to hybrid cloud and multi-cloud infrastructures," company says. Chief Executive David Richards adds: "We have been working successfully with IBM for four years and it is exciting to see our partnership evolve to encompass LiveData Migrator, our latest product, and provide IBM customers with the ability to start moving data at petabyte-scale to the cloud in minutes. With legacy Hadoop platforms being retired over the next 12 months, there is an immediate need for enterprises to consider their choices for their next-generation analytics platforms."
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Ediston Property Investment Co PLC - invests in three commercial property sectors: office, retail and industrial - Declares interim dividend for period to November 30, of 0.3333 pence, unchanged from its previous dividend. Notes rent collection in the fourth quarter in line with previous forecasts. If the tenants who pay their rent monthly continue to do so, it is projected that the company will collect 94% of the rent due for the fourth quarter.
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Mode Global Holdings PLC - bitcoin banking app - Says trading volumes surged 950% in November compared to August and assets under custody increased by 210%, as more customers used the Mode app to buy and hold Bitcoin. Notes 80% of trades were purchases. Executive Chair Jonathan Rowland says: "We've seen unprecedented interest in buying and holding Bitcoin just as the market rally really took off. That coincided with the chaotic US elections that brought with it market volatility, as well as a second UK lockdown with all the economic uncertainty this entails." Mode says increase in trading volumes and assets under custody mirrors the strong performance of Bitcoin over the last few months, which has gained as much as 75% in US dollar terms since August and is up almost 300% since March's low this year.
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Tissue Regenix Group PLC - medical technology company, focusing on the development of regenerative products - Notes first delivery of OrthoPure XT has taken place with additional shipments expected in early 2021. OrthoPure XT is a decellularized porcine tendon, developed using the company's patented dCELL technology. It was granted CE Mark approval in June 2020 for the reconstruction of knee ligaments to restore function and stability. Chief Executive Daniel Lee says: "Our plan is to establish an initial distribution network for OrthoPure XT and expand as procedural levels return. This will be a key product for the group in Europe and highlights the need, and demand, for biologic solutions outside of the current US market. It is a testament to the work of our processing and commercial teams that we have secured distribution agreements and delivery of the product has remained on-track despite the challenges presented during 2020."
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Block Energy PLC - oil and gas exploration and production company focused on Georgia - Plans placing and subscription to raise up to GBP5 million. The issue price and the final number of new shares to be issued in the fundraising will be determined following the close of the bookbuild.
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Bango PLC - mobile commerce company and direct carrier billing service provider - Partners with DocuBay, to distribute memberships for the international global video on-demand platform. Under the deal, Bango Resale technology and partnerships "will power DocuBay's growth plans to increase availability to more audiences around the world, expanding its global presence and growing its user base," company says. Bango adds: "Through this Bango partnership, telecommunications companies, retailers and other mass-market consumer businesses can now offer their users bundled subscriptions to DocuBay's entertainment suite, using Bango Resale technology. Bundling desirable products with first-party services creates powerful offers that attract and retain more customers."
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Echo Energy PLC - Latin American focused energy company - Confirms conclusion of the change in the Argentine value added tax status of subsidiary Eco Energy TA Op. Eco Energy holds a 25% interest in the Santa Cruz Sur assets of Echo's total 70% interest. As a result and with effect from December 1, 2020, the xubsidiary will not be required to pay VAT retentions on invoiced domestic income. Prior to confirmation of this change, the subsidiary had been required to pay VAT retentions of 10.5% on domestic sales revenues.
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By Paul McGowan; paulmcgowan@alliancenews.com
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