888 Holdings (888) shares ticked up 3.53% to 405.1p as it expands investment into US market
Last week, 888, a leading online betting and gaming firm, announced an exclusive partnership to develop Sports Illustrated online sports betting and iGaming products in the United States.
888 told investors that it expects to kick off the partnership with the launch of an all-new Sports Illustrated wagering experience later this year branded SI Sportsbook, which is expected to launch in Colorado in the second half of 2021, with other states to follow.
Commenting on the deal, Itai Pazner, Chief Executive of 888 said, "We are delighted to announce this strategic partnership, enabling us to accelerate our investment into the U.S., which represents one of the most exciting long-term growth opportunities for our company.”
St James House (SJH) shares soared after the group appoints new CEO
The Company said it has appointed Richard Shearer as its Chief Executive Officer and as an Executive Director, the founder of Dubai-based investment management firm, Tintra Holdings.
Meanwhile, Graeme Paton, the previous CEO of the Company, will remain as an Executive Director, ‘with a specific focus on developing the Group's activities in merchant acquiring’, as well as assisting in the handover of some of his existing responsibilities to Mr Shearer.
Amongst the resolutions being proposed at its AGM which is being held later this month, is one to change the name of the Company to Tintra plc, the Company told investors today.
St James’ annual report and accounts for the year to 31 January 2021 is expected to be published and final results for the same period unveiled during the week starting 26 July.
I3 Energy (I3E) shares rose 14.07% to 15.4p as production remains consistent
In an operational update, the Company told investors that production in 2Q21 has averaged 9,142 boepd, which included the impact of routine facility maintenance on third-party facilities.
The independent oil and gas company, which holds assets and operations in the UK and Canada, said production has averaged 9,353 boepd at the A-52-G horizontal well on its Noel acreage in northeast British Columbia which was previously brought on-stream on 17 June.
Additionally, the company said the Marten Hills Clearwater 01-12-075-26W4 well, which was targeting the 25m thick Clearwater C sandstone, was spud on 15 June. The drilling of the well was completed on Wednesday to a maximum true vertical depth of 630m, the group noted.
I3 said the rig has been moved to, and now spud, the second well in this Marten Hills Clearwater drilling programme at 02-12-075-26W4, with drilling expected to finish mid-July.
The Company explained that the tie-in and equipping of the wells is expected to take five days following rig release, with production from both wells anticipated to commence in late July.
MyHealthChecked (MHC) shares rose 11.27% to 4.05p following latest £1.2m acquisition
On Monday, the consumer home-testing healthcare company announced its acquisition of Nell Health, a technology-led genetic testing platform and personalised nutrition company.
The initial £1.2m consideration comprises £1.15m payable in shares and £0.05m in cash, and a later consideration of up to £1m payable in shares and linked to performance milestones.
The transaction gives MyHealthChecked full ownership of Nell Health’s platform and tests developed to date, which will be processed in the company's Manchester laboratory.
Nell Health’s platform offers users personalised accessible and actionable outcomes to improve health and wellness based on information gathered from a Nell Health DNA test.
The Group said the acquisition further supports one its key strategic areas of focus: the growth of its product portfolio into wider other areas of personalised health and wellbeing.
AO World (AO.) shares fell 6% to 228.3p while retailer posts a near three-fold profit increase
The European online electrical retailer released its FY21 results on Thursday, reporting a 62% revenue increase to £1.6m which it said was driven by the continued shift to online shopping.
AO’s robust start to the year resulted in an almost three-fold increase in annual profit. In the year to March 31, the group’s adjusted profit increased to £64m as a result of strong sales.
After starting the new financial year well, the group said it remains ‘prudently optimistic’ that it is able to deliver double digit growth as it laps the strong Covid performance comparatives.