Domino’s Pizza Group PLC (LON:DOM) was up 4% to 310.3p on Wednesday despite flagging an expected £20mln loss in international operations after sales dropped 5% in its latest quarter.
Analysts were surprised at the surge considering the little progress in selling off the Norwegian business while the functioning UK and Irish operations are experiencing slower growth.
The fast-food chain is also still searching for a new chairman, chief executive and chief financial officer.
The AIM-listed firm sold its Argentine subsidiary Ochre Mining, which owns the SLM gold project, to Chinese group Hanaq Argentina.
As the miner looks to focus on Australian exploration activities, it will still retain a royalty on future production of up to 2% to a maximum of US$2.7mln in the SLM project.
2.45pm: XLMedia up as new boss buys shares
He bought 880,000 shares at 26.45p each, at 9% premium on Tuesday’s closing price, representing 0.47% of the company.
Simms was appointed as boss of the AIM-listed provider of digital marketing services four months ago.
The safety tech group bought Sensit Technologies for US$51.5mln on a cash and debt-free basis.
Management said Sensit’s growth is supported by tightening safety and environmental regulatory standards.
1.40pm: Brave Bison falls as chief financial officer leaves
The board appointed as interim Philippa Norridge, a director at Tangent Marketing Services which is a shareholder in Brave Bison.
The AIM-listed firm said it will select a permanent replacement as soon as the appropriate candidate is identified.
The AIM-listed explorer will seek to enter into an agreement with New Age Ltd to supply gas to a subsidiary of London-quoted Victoria Oil & Gas.
The finalisation depends on final investment decision on the Etinde field development.
12pm: Smurfit Kappa jumps as it swings to profit
The FTSE 100-listed packaging company swung to a profit before tax of €677mln compared to a loss of €404mln in 2018.
Chief executive Tony Smurfit said the year has started “well” in terms of demand and the group is well-positioned to address sustainability requirements with its recyclable materials.
The miner can now move into the fixed period public consultation and subsequent preparation of the White Book required for final ministerial approval for an exploitation licence.
The social impact assessment is awaited in the “coming weeks”.
11.20am: Plant Health Care high on almond pesticide approval
The AIM-listed firm will start sales on time for the growing season of almonds, grapes and walnuts.
In a trial lasted two years, the seed treatment improved yield by 11% compared to standard products.
Another riser in the AIM market was Fireangel Safety Technology Group PLC (LON:FA), up 6% to 14.55p.
The home safety products supplier was granted a patent in the EU for FireAngel Predict, its predictive algorithm management information platform.
The company also announced co-founder and chief product officer Nick Rutter will step down from the board to focus on connected home products development.
The company released an updated JORC resource confirming that Régua contains 4.47mln tonnes grading 0.27% tungsten trioxide.
The initial mining will focus on the higher-grade areas of the orebody close to the surface.
10.15am: Frontier Developments drops on forex issues
The videogame developer suffered from tougher comparatives and foreign exchange headwinds since most revenues in US dollars which continued in December.
The AIM-listed firm maintained full-year guidance based on the launch of Planet Zoo and the Return to Jurassic Park late last year.
VOG has stopped supplying to the utility after it stopped paying but continued to issue invoices, with ENEO owing US$10.5mln as of 31 December.
The onshore gas producer is now working with the government to recover the outstanding cash.
The FTSE 100-listed cigarette maker said sales of vaping products have been hit by “weaker than expected consumer demand”.
Revenue in the year to end-September is expected to be flat while adjusted earnings per share will be “slightly lower” than last year.
9.25am: Touchstar lifted by expectations for higher than anticipated revenue
The company, which supplies mobile computing solutions for industrial and commercial applications, said the outperformance was due to a higher level of shipments to customers.
Touchstar chairman Ian Martin said the group entered 2020 with an “encouraging” order book.
The AIM-quoted explorer acquired the assets last year and started operations on 1 November 2019. Production from that first day to 31 January this year, averaged 2,481 barrels oil equivalent per day.
“In both the US and Europe, our Chill and Zoetic brands are consistently well received and the fact that we now have interest in our range of Chill products from partners such as AATAC and New Age Beverages evidences the scale of the opportunity,” Zoetic chief executive Nick Tulloch said in a trading update.
Trials are now underway with a contract manufacturer that would allow it to increase capacity to meet its expansion goals, the company added.
Proactive news headlines:
Echo Energy PLC (LON:ECHO) shares advanced in early deals as it revealed the positive impact of its acquired Santa Cruz Sur production assets in Argentina. Production for the period – starting on the effective date of the acquisition, 1 November 2019, and ending 31 January 2020 – averaged 2,481 barrels oil equivalent per day.
Power Metal Resources PLC (LON:POW) said interest from “third parties continues to be received” for a Botswana massive nickel sulphide project it is helping bankroll. The annual Mining Indaba conference in Cape Town this week has provided the stage to update on the progress at the Molopo Farms Complex Project (MFC). Power has an 18.26% stake in the deposit’s owner Kalahari Key Mineral Exploration and will have a 50.96% economic interest in the project once it has “earned in” by spending US$500,000 on exploration.
Zoetic International PLC (LON:ZOE) “continues to develop on all fronts”, its chief executive Nick Tulloch said in an update. The vertically-integrated cannabidiol (CBD) business said progress with one particular US partner, a retailer called AATAC, had “surpassed expectations”.
CentralNic PLC (LON:CNIC) saw revenues and earnings both surge ahead by 95% in 2019. The turnover rise was in line with market forecasts but underlying earnings were slightly better than predicted said the internet domain name specialist.
Primary Health Properties PLC (LON:PHP), one of the UK’s leading investors in modern primary healthcare facilities, is continuing its expansion with the addition of a property in Wales. The FTSE 250-listed firm said it has contracted with a developer to fund the development and acquisition of a purpose-built primary care centre in Llanbradach, near Caerphilly in Wales for a total cost of £2.8mln.
BlueJay Mining PLC’s (LON:JAY) environmental application (EIA) for the Dundas minerals sands development in Greenland has been confirmed as compliant with the country’s guidelines and can move forward to the public consultation stage. The EIA, combined with the Social Impact Assessment (SIA), will enable BlueJay to move into the fixed period public consultation and subsequent preparation of the White Book required for final ministerial approval for an exploitation licence.
Europa Oil & Gas Holdings PLC (LON:EOG) has exited Licensing Option (LO) 16/19, in the South Porcupine Basin, offshore Ireland. It follows an exploration programme which concluded that the prospectivity of the area is limited, the company said. Europa expects that by relinquishing LO 16/19 it will avoid £105,000 of future costs.
accesso Technology Group PLC (LON:ASCO) has revealed that its chief financial officer (CFO), John Alder will step down from his position, and the group’s board, with effect from 31 March 2020, just a week after the firm’s former CEO returned to “re-energise the company”. In a statement on Wednesday, the electronic queuing and e-ticketing specialist said that during the lag time, Alder will continue to serve as accesso’s CFO overseeing the company’s year-end financial results and to affect an orderly handover.
Simec Atlantis Energy Limited (LON:SAE) has raised £3.79mln through a five-year retail bond offered through Abundance Investment, a regulated green peer-to-peer investment platform. The tidal power group said the bond has a coupon of 8%, payable semi-annually, and matures in 2024.
Victoria Oil & Gas PLC (LON:VOG), in a trading update, has highlighted the signing of a new agreement to potentially secure long term gas supplies from the Etinde field. But Elsewhere, the Cameroon-focused gas producer said operations at the Logbaba gas field continue to be troubled by third-party factors tied to ENEO – which has been impacted due to Altaaqa – ENEO’s generator supplier – stopping operations at the Logbaba gas-fired power station because of non-payment.
MaxCyte Inc (LON:MXCT), the global cell-based therapies and life sciences company, has announced its planned participation at the BIO CEO & Investor Conference at the New York Marriott Marquis. The group said its CEO & President Doug Doerfler will present on Monday, 10 February at 2:30 p.m. Eastern Time in the Odets Room on how MaxCyte is driving the development of the next generation of cell-based therapies through its ExPERT instrument family, supporting its Life Sciences Business, and with its proprietary CARMA platform.
Adamas Finance Asia Limited (LON:ADAM) has announced the publication of a detailed research note covering important progress at its investment in Future Metal Holdings Limited, the firm’s largest investment by value in the portfolio. ADAM holds an 85% controlling shareholding in Future Metal, which owns a large dolomite quarry in China where production has recommenced as planned, with output and sales continuing to be ramped up. In addition, Equity Development has released an interview with Suresh Withana, Managing Partner at the Company’s Investment Manager, Harmony Capital, in which he discusses progress at Future Metal’s quarry, other constituents of ADAM’s portfolio and the Company’s business strategy and growth plans.