Peter Bacchus, chairman and chief executive of investment banking boutique Bacchus Capital, has joined the board as a non-executive director, replacing James Kelly who is stepping down to pursue other business interests.
Paul Smith, the non-executive chairman of Trident, thanked Kelly for his contribution to the company since its inception and welcomed Bacchus to the board, saying the company would “benefit greatly from his extensive advisory experience and deep knowledge of the natural resources sector as we scale the business”.
3.10pm: Mode launches Apple version of its Android payments app
The company already has a product on the Android system and the iOS version, which is a BETA release, will have similar functionality.
Mode customers will be able to try out the new app features from today via Mode’s recently-launched merchandise store, which has its payments solution integrated at checkout.
2.35pm: Galantas glistens as it signals start of exploration programme at Omagh
Drilling will focus on the Kearney and Joshua veins. The drilling results will support the mine plan as the company moves into a new phase of underground mining and accelerated development.
Underground drilling on the Kearney vein will test deeper extensions of mineralized dilation zones targeting higher widths of mineralisation within the vein. Drilling will also target continuity and grade of additional mineralised zones running parallel to the main orebody.
1.40pm: Journeo boosted by Aberdeenshire County Council contract
The contract is for real-time passenger information systems and services for Aberdeenshire County Council.
Shares in the information systems provider were up 5.0% at 105p after the company said trading in the first half of 2020 had been better than the corresponding period of 2020.
12.45pm: ECO Animal’s sales growth stalls
ECO Animal Health Group PLC slipped 5.7% after its chief executive officer, marc Loomes, signalled his intention to retire at the end of 2022.
The announcement coincided with the release of results for the year to the end of March that showed sales had risen 46% from the year before to GBP105.6mln while profit before tax surged to GBP20.3mln from GBP6.1mln.
Performance in the current financial year was described as “solid” with group revenue marginally behind the corresponding prior-year period.
11.50am: Market gives warm welcome to Prospex Energy’s new CEO
Routh, formerly chief executive and chairman of Independent Oil & Gas, is expected to add operational and technical expertise to the board.
“We look forward to working closely with Mark as the company grows its portfolio of European gas and power projects,” said chairman Bill Smith.
Shares in Prospex were up 4.9% at 6.4p in morning trading.
10.55am: RTC Group hit by NATO’s withdrawal from Afghanistan
The engineering and technical recruitment group said it has put in its tender for a renewal of its contract with Network Rail.
Leaving aside the Afghanistan and Network Rail factors, the company said the outcome for the remainder of 2021 depends on whether the present optimism over the vaccine roll-out and the consequential economic forecast plays out as the Government hopes.
10.00am: CentralNic higher after upbeat trading statement
CentralNic Group PLC, the internet platform company, expects full-year revenue to be well ahead of market resources after a strong second quarter.
The company said in a first-half trading update that the April-June quarter saw revenues rise by 63% from a year earlier to US$90mln, with like-for-like growth of around 25% – a record level for the group.
Revenue for the first six months of 2021 should be around US$174mln and adjusted underlying earnings (EBITDA) should be around US$20mln, with the group seeing growth across all of its revenue lines.
Shares in CentralNic were 10% firmer at 98.01p.
9.05am: TP Group’s interim CEO gets the job
The company is trading in line with market expectations and management revealed there remain significant market opportunities and strong customer relationships that give the board confidence for the future.
The company has been fielding offers for its maritime engineering business but none of them was high enough to persuade the company to sell.
The science-led services and product development organisation said it achieved record results in the first half of 2021.
Group revenue rose to GBP40.7mln from GBP36.9mln in the same period of 2020, with like-for-like sales up 10% or 16% on a constant currency basis. Adjusted profit before tax rose to GBP6.9mln from GBP4.6mln the year before.