Redx Pharma joined the recent spate of junior biotech success stories with an 80 per cent jump to 45p on the back of a licencing deal with AstraZeneca. The FTSE 100 giant will pay $17million to develop Redx’s RXC006 for idiopathic pulmonary fibrosis, where progressive scarring of the lungs is usually fatal. If it makes … Read more
SMALL CAP MOVERS: Synairgen quadruples in value after positive data from coronavirus treatment trial By Calum Muirhead At Proactive Investors For Thisismoney Published: 12:25 BST, 24 July 2020 | Updated: 12:32 BST, 24 July 2020 A blockbuster stock on AIM this week was Synairgen, which rocketed 412 per cent higher to 189p following positive results … Read more
Will the next generation of esports stars learn to bend it like Beckham? Probably not. But they are in line to receive financial backing from the former Manchester United and Real Madrid midfielder. That’s because Becks’ DB Ventures has teamed up with AIM-listed Blue Star Capital to scout the next generation of competitive gamers. Both … Read more
There has been ‘rampant fundraising activity’ on AIM this year, and the junior market has been well and truly open for business during lockdown, according to data compiled by City broker Allenby. Indeed, since the lows of mid-March, activity levels are at their highest in recent memory, it added. A total of £2.4billion has been … Read more
Revolution Bars is to take a walk on the wild side as it plans to join AIM to benefit from quicker and cheaper fundraisings. The city bar chain expects to reopen venues in August, though this week’s press reported Westminster is drawing up a ‘secret blueprint’ for pubs to serve drinks as early as this … Read more
What a session it’s been for London- and New York-listed minnow Tiziana Life Sciences, which doubled in value. Not only has it found a potential treatment for the complications of coronavirus that have hospitalised Prime Minister Boris Johnson, but it has also developed an inhaler that means the effects of the medication should be almost … Read more
Coro Energy has introduced new cost-cutting measures to manage the severe disruption in the oil and gas market, which resulted in the ‘termination’ of chief executive James Menzies. The Italy-focused energy company offered all executive directors three options: take an unpaid sabbatical, receive three months’ notice in shares or become non-executive directors. Menzies did not … Read more
Almost 2,000 more first-time buyers get on the property ladder each month, as they take advantage of cheaper homes, generous mortgages and stamp duty cut First-time buyer numbers jump by 5.8 per cent compared to last year July saw a year-high in the amount lent to people buying their first homes Fewer homeowners are remortgaging than … Read more
Inspiration Healthcare was one of the few risers on the junior market as the coronavirus crisis intensified. In fact the business may be one of the few beneficiaries if the outbreak with its ventilators in demand. The NHS placed the first order on Monday, valued at £1.25million, which Inspiration Healthcare said was its single largest … Read more
SMALL CAP MOVERS: Lekoil value plunges by two-thirds as it falls victim to investment scam By Calum Muirhead At Proactive Investors For Thisismoney Published: 12:15 GMT, 17 January 2020 | Updated: 12:15 GMT, 17 January 2020 Junior oiler Lekoil was the major story on AIM this week with its value dropping by around two-thirds after … Read more