The Gym Group PLC (LON:GYM) flexed 8% higher to 141.8p after signing a new 15-year lease for a new gym in York which will open next year.

The site was previously a retail warehouse, has been vacant since 2018 and has onsite car parking.

The firm said contract-free membership is expected to be around £20 per month, while the £1mln investment will create 12 jobs.

2.45pm: STV Group slides despite good September audience numbers 

STV Group PLC (LON:STVG) slid 8% to 269p in the afternoon after announcing audiences in September were at their highest levels since April.

The Scottish channel was the best watched last month and across the third quarter.

The firm said the performance was driven by three-part drama Des about Scottish serial killer Dennis Nilsen, which stars David Tennant.

1.30pm: Tyman surges after better than expected third quarter

Tyman PLC (LON:TYMN) surged 17% to 281.5p in the early afternoon after announcing trading significantly exceeded expectations in the third quarter to September 30.

The construction industry supplier said there has been an element of pent-up demand release and customer restocking but order intake showed the strength of underlying demand.

Revenue rose 3% but was still 10% lower in the year to date.

12.05pm: Xaar slips on cybersecurity incident

Xaar PLC (LON:XAR) slipped 6% to 126.5p after announcing it was subject to a cybersecurity incident which involved unauthorised access to its computer systems.

The inkjet printing technology group said it took immediate action including the appointment of external forensic cybersecurity experts, with investigations ongoing.

The incident was contained and there was no impact business operations, while there is no evidence that any data has been extracted.

11.15am: Helios Underwriting higher after proposing placing at a premium

Helios Underwriting PLC (LON:HUW) shot up 22% to 117p in late morning after proposing a £2mln fundraising to make new acquisitions.

The investment vehicle has received interest from insurance specialist institutional investors among others, and preliminary discussions set an issue price of 120p per share, a 25% premium to Tuesday’s closing price but a 42% discount to the adjusted net asset value.

As part of the fundraising, Helios would acquire an LLV from its chief executive and chief financial officer for £5mln.

10.15am: TUI lower after chief financial officer departs

TUI AG (LON:TUI) shed 5% to 296.76p after chief financial officer Brigit Conix announced her departure in December.

She will be replaced by Sebastian Ebel, who is already part of the travel company’s executive board.

In turn, Peter Krueger has been appointed as a replacement and will be responsible for mergers and acquisitions, strategy, hotel joint ventures, cruise and airlines.

Elsewhere, Tullow Oil PLC (LON:TLW) lost 6% to 16.6p after a redetermination confirmed debt capacity of US$1.8bn.

The oiler retains headroom of US$500mln of undrawn facilities and free cash at the start of the fourth quarter of the year.

The board said it deems the facilities appropriate given Tullow’s capital commitments.

9am: Mobile Streams rises after new subscription service

Mobile Streams PLC (LON:MOS) was an early riser on Wednesday, adding 12% to 0.33p after announcing its ‘Streams’ insight platform will be launched as a subscription service.

As of next week, customers will be able to pay for online and access immediately via its website, widening the pool of new users.

The platform is built for anyone that has to create and use content to gain attention, which could be content marketers, digital creatives, search engine optimisation specialists or those running their own businesses.

Sticking to the mobile sector, Gaming Realms PLC (LON:GMR) advanced 1% to 24p after inking a licensing agreement with NetEnt, a premium online gaming group, to gain access to new gaming IP.

It sees the AIM-quoted group add the right to licence NetEnt’s acclaimed slot brand, Starburst, so that it can be combined with its Slingo genre of games.

Slingo Starburst will be available worldwide and will be distributed to the online real money gaming market in early 2021.

Proactive news headlines:

Amur Minerals Corporation (LON:AMC) told investors it has received the first interest payment from its Nathan River Resources (NRR) investment. In late August, the company announced a deal to invest in NRR – owner and operator of the Roper Bar iron ore mine, in Australia’s Northern Territory – via a subscription of convertible loan notes. The notes carry an annual coupon of 14% and can convert into equity, equivalent to 19% of NRR present share capital.

Gaming Realms PLC (LON:GMR) has inked a licensing agreement with NetEnt, a premium online gaming group, to gain access to new gaming IP. It sees the AIM-quoted group add the right to licence NetEnt’s acclaimed slot brand, Starburst, so that it can be combined with its Slingo genre of games. Slingo Starburst will be available worldwide and will be distributed to the online real money gaming (RMG) market in early 2021.

Polarean Imaging PLC (LON:POLX) said it has submitted a New Drug Application (NDA) and a priority review request to the US Food and Drug Administration (FDA) for hyperpolarised Xenon gas used to evaluate pulmonary function and to visualise the lung using magnetic resonance imaging (MRI). The medical imaging technology company said the submission of the NDA follows the successful completion of two Phase III clinical trials which demonstrated effective measurement of regional lung ventilation.

Belvoir Group PLC (LON:BLV), the UK’s largest property franchise, said it has successfully completed the 100th transaction under its Assisted Acquisitions programme, a core part of the group’s growth strategy. Since establishing the Assisted Acquisitions programme at the end of 2013, Belvoir noted that it has now supported 100 acquisitions by its franchisees, with a total deal value of £25mln, boosting franchisee network revenue by £24mln. The 100th transaction was undertaken by the new Northwood Wolverhampton franchisee, Mahomed Imtayas, who has acquired Millenium Properties (Letting Agents) Limited which had a portfolio of 250 managed properties.  Mahomed joined the Northwood network in September having previously operated and sold a successful franchise business.

Vast Resources PLC (LON:VAST) has confirmed that production has recommenced at its Baita Plai polymetallic mine in Romania and that it is on track to meet its October production and sales targets. The AIM-listed mining company said that following the recommencement of mining, daily blasting has been implemented on the mineralised horizon of the Antonio skarn between 17 level and 18 level. It added that the blasted ore is stored underground in both the working place silos and the surface silos. Transport of the ore from the surface silos to the flotation plant silos has commenced in preparation for the hot commissioning of the flotation plant expected to follow shortly, the group said.

Caledonia Mining Corporation PLC (LON:CMCL) has said that, since raising the required funds to invest in the construction of a solar power plant to supply electricity to the Blanket Mine in Zimbabwe, it has now appointed Voltalia as the contractor for the project.  Voltalia is an international renewable energy provider and is listed on the regulated market of Euronext Paris which has considerable experience in the delivery of renewable energy projects including the development, construction, operation and maintenance of solar power plants. It is already active notably in Burundi, Malawi and South Africa.

Shanta Gold Ltd (LON:SHG) said it has started construction of the Singida Gold Mining Project in central Tanzania with updated project economics. The reserve-based mine plan gives a post-tax net present value (NPV) at 8% of US$73mln, an increase of US$25mln since the previously published estimate of US$31mln in December 2018. The internal rate of return (IRR) will be 59% at US$1,900 per ounce at the approximate current gold spot price, the company said, for an average annual life of mine gold production of 32,000 ounces at an all-in sustaining cost (AISC) of US$869 per ounce. It will increase Shanta’s group production to 110,000 ounces in the first full year of operation and have average annual underlying earnings (EBITDA) of US$27mln.

Impax Asset Management Group PLC (LON:IPX) revealed it has enjoyed a strong finish to its financial year, with positive inflows lifting assets under management (AUM) to a record £20.2bn as at the end of September 2020. AUM for the sustainability-focused investment group was up 11.4% over the quarter since what was a strong third quarter and 34% on a year earlier, helped by £0.6bn of fund inflows.

Ferro-Alloy Resources Limited (LON:FAR) has released a production and progress report marking a 72% rise in vanadium output for the nine-months ended September 2020. The company said it produced 188 tonnes of vanadium pentoxide from its operations in Kazakhstan, bolstered by a company-record 90 tonnes in the third quarter. “The good work achieved so far at the existing operation is paying off and this can be seen by the record levels of production seen in recent months, in particular during August, and that is notwithstanding the unreliable power supply and COVID-19 sometimes holding us back,” Nick Bridgen, Ferro-Alloy chief executive said in a statement.

Kromek Group PLC (LON:KMK) has said its business patterns are now returning to normal and detector shipments are being scheduled following the coronavirus (COVID-19) pandemic lockdown. Reporting full-year results, the supplier of detection technology for the medical, security screening and nuclear markets said two key customers whose material contracts were postponed from the previous year have now issued instructions to recommence. Kromek said there is increased visibility from customers as evidenced by its largest customer in the medical imaging segment providing the group with their plans for the full fiscal year, while demand for the D3S family of products continues to increase and there is renewed procurement activities in the US, Asia and Europe.

Argo Blockchain PLC (LON:ARB) said it has entered into a conditional Letter of Intent (LOI) with Canadian data centre provider GPU.one to potentially acquire two data centres in Quebec. The preliminary LOI sets out the material terms and conditions on which the company would make a strategic purchase of the centres, owned and operated by GPU.one which currently house Argo’s cryptocurrency mining equipment. The data centres have a combined total of 20MW of power capacity, and if completed, the acquisition would provide the tech firm with long term stability and direct control over the facilities in which its mining machines are housed.

4D pharma plc (LON:DDD) has reported positive top-line data from the phase II trial of its live biotherapeutic for irritable bowel syndrome (IBS). And it said the results provided a “strong foundation” for the continued development of the first drug with the potential to treat both major subtypes of the condition. Researchers investigated the effect of 4D’s Blautix on both bowel habit and pain in both groups to garner what is called a composite response endpoint. They also assessed the treatment across both IBS-C (constipation-predominant) and IBS-D (diarrhoea-predominant) forms of IBS.

Nuformix PLC (LON:NFX) said it is raising £650,000 as it looks to develop its assets to help fight coronavirus (COVID-19). The drug re-purposing specialist is placing 23.2mln shares at 2.8p each with existing and new investors. The cash injection will help strengthen data packages around drugs it has identified for treating the effects of coronavirus.

Oriole Resources PLC (LON:ORR) has conditionally raised £1.576mln through a placing and share subscription with the new funds earmarked for the support of ongoing exploration activities in Cameroon. Additionally, the company will seek to raise a further £293,000 via the NR Private Markets platform, which is operated by Minexia and is FCA regulated via authorised representative Ragnar Capital. The monies will fund a 3,000-metre maiden drill programme at the Bibemi project, for which the drill rig is presently being mobilised. Oriole noted that early-stage work at Bibemi shows potential for new discoveries in multiple zones. A total of 463.4mln new shares will be issued at a price of 0.34p each, a discount of around 15% from the closing market price on October 6, 2020.

Galileo Resources PLC (LON:GLR) has announced the appointment of Joel Silberstein, formerly with Xtract Resources PLC, as its finance director with immediate effect. The group noted that Silberstein joined AIM-traded Xtract in mid-2013 and was appointed its finance director in February 2014. He subsequently assisted in several corporate transactions, including those surrounding the Manica gold mining operations, and has experience of working in multiple jurisdictions around the world, it added.

Zephyr Energy PLC (LON:ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, has said a new presentation is available on its website https://www.zephyrplc.com/ via the following link: https://wp-zephyr-energy-2020.s3.eu-west-2.amazonaws.com/media/2020/10/06222926/ZEPHYR-16-2-overview-final.pdf. The presentation provides a technical overview of the dual-purpose well to be spudded in connection with the company’s Paradox project, details of which were announced on October 5, 2020.

INTOSOL Holdings PLC (LON:INTO) has said it will hold its Annual and Special Share Holders Meeting by Proxy vote due to coronavirus (COVID-19) pandemic restrictions. The Proxy voting will close on October 29, 2020, at 5.00 pm London UK time. Management will attend via conference call by way of a board meeting at 10.00am BST on October 30, 2020, to conduct the meeting and to receive the Scrutineers Report by CIC Veritas on the results of the shareholder proxy voting. The group said the meeting results will be published on October 30, 2020.

Westminster Group PLC (LON:WSG), a leading supplier of managed services and technology-based security solutions worldwide said it has been notified by holders of Convertible Loan Notes (CLNs) that they have elected to convert CLNs to the value of £18,750 into 187,500 ordinary shares. This latest conversion further reduces the outstanding CLN amount to £1,477,000 with a corresponding reduction in interest charges.

Supermarket Income REIT PLC (LON:SUPR) said it has successfully raised £200mln via an oversubscribed issue of 192,307,692 new ordinary shares at 104p each. After careful consideration of the strong level of support and quality of demand from investors in the initial issue alongside its confidence in executing on the pipeline and an increase in further appropriate investment opportunities since the marketing roadshow began, the board determined to increase the size of the Initial Issue from an initial £150mln figure, it noted. Notwithstanding the increased size of the initial issue, investor demand exceeded the gross proceeds raised and as such a scaling back exercise was undertaken, the group said.

Adamas Fin Asia Ltd (LON:ADAM) said that further to its announcement on October 1, 2020, the company has now raised a total of £1,991,916 (before expenses) via the open offer and placing following the issue of 8,356,663 new shares. It noted that due to internal compliance checks from the remitting bank of one placee, £1,142,794 of placement monies have been delayed in transmission to the company’s bank account.  Adamas said it has been provided with confirmation of the funds transfer and remains confident of receiving the outstanding funds shortly. A further announcement will be made once the amount is received and a further 4,571,177 placing shares are issued, the group added.