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

19:19 US close: Stocks edge lower ahead of Fed, White House in focus

Stocks drifted slightly lower ahead of the next US central bank policy meeting, weighed down by a poor outlook from industrial conglomerate General Electric and further negative news-flow swirling around the White House.

21 Jul Commodities: Increasing supply of oil weighs heavy on the market

An over supply of crude from Nigeria and Libya of approximately 1m barrels per day weighed heavily on the oil market on Friday with September contracts for both WTI crude and Brent crude down 2.28% and 2.29% respectively.

21 Jul Magnolia Petroleum announces divestment of North Dakota and Oklahoma wells

Magnolia Petroleum, an Oklahoma based oil and gas investment company, has divested and agreed farmouts over several wells in North Dakota and Oklahoma for a total of $411,000.

21 Jul Europe close: DAX dives on euro peaks and colluding carmakers

European stocks ended the week firmly in the red as the euro continued to march higher, with the strength in the single currency weighing on exporters and car makers were hit by reports of collusion in the industry, combining to send the Dax to new three-month lows.

21 Jul FX round-up: Lack of data release makes way for indecisive Cable moves

On Friday sterling managed to recover most of its losses against the US dollar from prior session posting a morning high of 1.3020, only managing to touch psychological resistance of 1.3000 briefly.

21 Jul London close: FTSE profit taking kicks shares into red

UK stocks were lacklustre on Friday as oil and stocks plunged but investors mulled yet more waxing and waning of Brexit negotiations, proving that uncertainty is the only certainty surrounding the issue.

21 Jul FTSE 100 movers: Paddy Power leads Friday retreat

London's FTSE 100 was in the red on Friday, along with stock benchmarks in Europe and the US.

21 Jul General Electric tumbles further as profits slide

US industrial giant General Electric reported net profits of $1.34bn for the second quarter of 2017, 53% less than its earnings for the same quarter in 2016.

21 Jul US open: Wall Street slips amid weak tech earnings, downbeat GE

Wall Street was slightly lower in early trading following disappointing updates from Microsoft and Ebay, alongside weak guidance from industrial conglomerate GE.

21 Jul Catalyst Media softens blow from failed Greyhound track bids

Retail betting service supplier Sports Information Services (SIS), in which Catalyst Media Group holds a 20.5% stake, has secured rights and media agreements for its greyhound and horseracing content.