Small cap round up

Bianca Boorer Sharecast | 11 Jan, 2017 17:20 - Updated: 17:25 | | |

Xaar, a British industrial inkjet technology supplier, has signed an agreement with Xerox corporation to partner in bulk piezoelectric (piezo) inkjet printheads. The partnership capitalises on each company’s considerable expertise in bulk piezo printhead development, which will in turn deliver “substantial benefits” to the market through leveraging both companies’ market-leading technology to bring consumers a broader range of bulk piezo printheads.

Atlantis Resources, an AIM listed turbine supplier and project owner in the tidal power industry, has announced that it is establishing a new internal division called Atlantis Energy as part of its diversification strategy. The division is set to leverage the existing skill set the company has accumulated during the progression of MeyGen, the world’s largest tidal power project.

Evgen Pharma, a clinical stage drug development company focused on the treatment of cancer and neurological conditions, has received a positive interim safety review from the independent Data Safety Monitoring Board (DSMB) for its Phase II double-blind placebo-controlled SAS trial of SFX-01 in subarachnoid haemorrhage (SAH). The DSMB review was part of the SAS trial protocol and was triggered by the 20th patient being does for a minimum of seven days whilst in hospital care. The review resulted in a recommendation to proceed as planned, continuing the dosages after being discharged for up to 28 days.

AIM-listed online media and entertainment group PCG Entertainment has agreed to the sale of its wholly-owned subsidiary Center Point Development Corp to a consortium of existing shareholders in the company in exchange for a 30% interest in PCG. PCG bought CPDC in August 2015 for just over 114.8m PCG shares but since then issues have arisen relating to a dispute between the vendors of CPDC and its major supplier, leading to a drop in revenue.

Alexander Mining has signed a marketing agreement with a prominent Mongolian commodities expert over the potential commercial use of the AIM company's leaching technologies in the country. Alexander said Dr Jadambaa Temuujin, chief research scientist at the Mongolian Academy of Sciences's chemistry department and with "strong ties" with many mining and minerals processing companies in Mongolia, had agreed to a two-year deal with a rolling mutually agreeable six monthly extension thereafter.

Energy storage and clean fuel company ITMPower announced the sale of a €0.7m electrolyser system to a global specialty gas company by competitive tender on Wednesday. “We are delighted to have been successful in another tender process as part of a key strategic hydrogen refuelling initiative,” said CEO Graham Cooley in a short statement. We look forward to updating the market on further progress from this important partnership.”

More news

22 Feb New Zealand regulator refuses Vodafone-Sky merger

New Zealand’s competition watchdog refused a merger between Vodafone’s New Zealand operations and the local Sky subscription television firm late on Thursday night, preventing the FTSE 100 firm from becoming the largest telecom and broadcaster in the South Pacific nation.

22 Feb US close: Markets mixed as Fed hints at hike

US stocks finished mixed on Wednesday after of the publication of the minutes from the latest Federal Reserve meeting showed the next rates rise could be just around the corner.

22 Feb FX round-up: Sterling, dollar lower as markets anticipate FOMC minutes

Sterling was mostly lower Wednesday as mixed UK economic data reinvigorated Brexit nerves in the market, with investors' attentions now on the Federal Open Market Committee (FOMC) minutes due out at 19:00 GMT.

22 Feb Europe close: Shares end on mixed note

European equity markets were little changed on Wednesday as investors digested news that the eurozone has escaped deflation, while the euro weakened.

22 Feb London close: FTSE up as Lloyds, Barratt lead blue chips higher

Shares in London ended Wednesday on a mixed note after confirmation the UK saw better than expected economic growth at the end of 2016, with blue chips benefiting from a softer sterling.

22 Feb Bonds: French-German yield spread widens, Greek bonds jump

This is how the yields on some of the most widely-followed 10-year sovereign government bonds behaved:

22 Feb Commodities: Crude falls as concerns of lingering global glut come to the fore

Crude futures pushed lower Wednesday as some in the market took a view that the global supply glut of the black liquid is set to last a lot longer.

22 Feb ITM Power opens hydrogen station at Shell services

Energy storage and clean fuel company ITM Power announced the official opening of the first hydrogen station to be situated on a forecourt in the UK, alongside Shell, on Wednesday.

22 Feb US open: Stocks little changed ahead of FOMC minutes

US stocks opened lower on Wednesday ahead of the publication of the minutes from the latest Federal Reserve meeting as the main indices struggled to build on record closes in the previous session.

22 Feb Small cap news round-up

International renewable energy, forestry management and timber processing business Active Energy provided an operations and trading update on Wednesday, on its three “standalone but complementary” divisions AEG CoalSwitch, AEG TimberLands and AEG WoodFibre.