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 Jan Sunday newspaper round-up: Industrial strategy, May to meet Trump, Barclays, courgettes

Theresa May will on Monday reveal her '10 pillars' industrial strategy that will aim to boost sector productivity. The Sunday Times said the Prime Minister's long-awaited green paper includes measures to improve skills, boost scientific research, and increasing spending on broadband, transport and energy networks, as well as £170m for the building of 'new polytechnics' in every region.

22 Jan Sunday share tips: Whitbread, Severfield, ConvaTec

Buy shares in Whitbread, suggests the Sunday Times' Inside the City column on the back of the potential tourism boost from the weak pound and a cost cutting drive. Data in recent months has confirmed that hotels in London, where the FTSE 100 group has dozens of its Premier Inns, have done particularly well post the Brexit vote.

20 Jan Europe close: Investors cautious ahead of Trump inauguration

European stocks were little changed on Friday, as investors bided their time ahead of Donald Trump's inauguration, with basic resources in the red following uninspiring Chinese growth figures.

20 Jan Directors dealings: Supergroup founder Dunkerton pares stake

Supergroup founder Julian Dunkerton sold a hefty amount of shares in the £1.25bn market cap fashion retailer, even as its shares continued to trade near their record highs.

20 Jan FX roundup: Sterling ekes out mild gains as Trump inaugurated as US president

Sterling eked out mild gains against most major currencies, barring the euro, as global markets turned their attentions to the inauguration of Donald Trump, now US president.

20 Jan Sector movers: BT, Smurfit Kappa move higher after hiking prices

Cyclicals led gains, spearheaded by oil service and general industrial issues, alongside an advance in stock of BT Group after the UK telecoms incumbent let it be known it would be raising prices for its broadband and landline services.

20 Jan London close: Stocks end session lower as Trump sworn in as US President

The FTSE 100 ended Friday’s session a touch lower as traders awaited the inauguration of Donald Trump as the 45th US President.

20 Jan Week ahead: New US adminsitration´s first policies in the spotlight

Markets´ focus during the coming week would likely be on the new US president´s first days in office, with some reports indicating that he might be set to move quickly from the 'get-go', with a possible renegotiation of some aspects of the NAFTA treaty likely high on the agenda.

20 Jan Seeing Machines raises £1.4m in Australian and overseas offer

Technology company Seeing Machines announced on Friday that, further to its announcement on 13 December, valid acceptances of the Australian and overseas offers had been received in respect of £1.4m, through the issue of 35,695,382 new ordinary shares at a price of 4p apiece.

20 Jan Procter & Gamble beats on Q2 earnings report after shedding unprofitable brands

Procter & Gamble, the US company behind brands such as Head and Shoulders shampoo and Gillette shaving equipment, reported better-than-expected quarterly net income and revenue on Friday.