Small Caps
China Africa Resources formal name change delayed
Shares fell in China Africa Resources on Thursday as the miner said there was a delay to its formal name change to Pembridge Resources.
Atlantis Resources tidal power project close to generating 400MWh
Atlantis Resources’ tidal power generation project is nearing 400m megawatt per hour of energy generation in the first phase of development, the company said.
Small cap news round-up
Eddie Stobart Logistics has confirmed it plans to float on London's junior market next month to raise £130m to accelerate organic growth and make acquisitions.
Coal of Africa COO resigns after insider trading fine
Coal of Africa’s chief operating officer Michiel Jakobus Brönn has resigned after being fined by the Financial Services Board of South Africa for insider trading.
Eddie Stobart Logistics plans AIM float to accelerate growth
Eddie Stobart Logistics has confirmed it plans to float on London's junior market next month to raise £130m to accelerate organic growth and make acquisitions.
Gfinity signs HP as official partner of first esports tournament
Esports operator Gfinity announced OMEN by HP as its first official partner of the inaugural esports tournament, the Gfinity Elite Series, on Thursday.
Wentworth Resources reduces FY pre-tax loss and boosts revenue
Shares in Wentworth Resources are down almost 1% despite it posting a reduced full-year pre-tax loss as total revenue for the period more than doubled, with the company also noting a pleasing reserve report.
Sound Energy's shares dip after Badile, TE-8 well updates
Sound Energy's shares fell a little more than 2% after issuing updates on it Badile exploration well in Italy, and TE-8 well in Morocco.
Craneware wins sizeable contract extension from US hospital operator
Craneware which is specialises in software for healthcare billing, has won a “significant” contract extension from a US hospital operator.
Ilika wins US patent on solid-state battery making process
Shares in Ilika are up almost 6% after it was granted patent in the US on its proprietary process for making solid-state batteries that was jointly filed with Toyota Motor Company.
Jaywing launches in Australia
UK data science-led marketing company Jaywing has launched its brand in Australia to fast-track local growth and expand its service offering.
Franchise Brands to buy drains specialist Metro Rod
Franchise Brands has struck a deal to buy drain clearance and maintenance service provider Metro Rod for £28m, which will be partly funded from a £20m discounted equity placing.
Ideagen to buy software firm for up to £12m
Information management software provider Ideagen is to buy software firm PleaseTech for up to £12m on a cash and debt-free basis, which will be partly funded from an equity placing.
Science in Sport's shares gain on revenue rise, outlook despite wider FY pre-tax loss
Shares in Science in Sport (SiS) are up almost 3% as investors overlooked a deeper full-year pre-tax loss to a 30% rise in revenue and confirmation of a strong start to 2017 sales.
Curtis Banks earnings ahead as it integrates Suffolk Life
SIPP provider Curtis Banks Group announced its final results for the 12 months to 31 December on Thursday, with operating revenue rising to £29. 7m from £17m in 2015.
Rockhopper begins international arbitration against Italy over Ombrina Mare project
Rockhopper Exploration says it has begun international arbitration proceedings against the Republic of Italy in relation to the Ombrina Mare project.
One Media iP struggling as consumers flock to streaming
Digital media content provider One Media iP announced its final results for the year to 31 October on Thursday, with revenue slipping to £2. 05m from £2. 52m.
Intelligent Energy surges on US drone deal
Shares in Intelligent Energy surged on Thursday after the company said it has signed a deal with the US’s PINC to supply its air cooled fuel cell systems for unmanned aerial vehicles for an undisclosed sum.
Arbuthnot profit surges after sale of Everyday Loans
Arbuthnot Banking Group announced a profit for the 2016 calendar year of £228m on Thursday, up from £27m in 2015.
WYG warns on UK profit performance, sees company revenue ahead
Shares in WYG Plc are down almost a fifth after it warned its full-year profit performance in the UK will not be as strong as we expected, but also flagged a double-digit rise in the company's revenue for the period.