Smarter Web Company - £41.2 Million Raise from ABB & Subscription
The Smarter Web Company PLC has successfully raised approximately £41.2 million through an accelerated bookbuild and subscription, surpassing the stated minimum of £30 million. This funding will facilitate both organic growth and strategic acquisitions. The company emphasizes its innovative approach, including a Bitcoin Treasury Policy, as it aspires to shape the future of online services.
Shell plc (“Shell”) statement re BP plc (“BP”)
Shell has issued a statement clarifying it has not been considering a takeover offer for BP, despite recent media speculation. No discussions have occurred, and Shell aligns with Rule 2.8 of the UK City Code on Takeovers and Mergers, confirming no intention of making an offer. However, Shell reserves future rights under specific circumstances.
Blencowe Resources - Stage 7 Drilling Program Update
Blencowe Resources Plc (LSE: BRES) announces successful deep drilling at the Beehive deposit, part of the Orom-Cross Graphite Project. New findings reveal significant graphite mineralization at depths exceeding previous estimates, promising increased project value. With 230 holes drilled, the ongoing program boosts investor confidence ahead of the JORC Resource update and Definitive Feasibility Study.
Blue Star Capital - SatoshiPay Share Acquisition
Blue Star Capital plc (AIM: BLU) has acquired shares in SatoshiPay from Danny Masters and Meinhard Benn, raising its stake to approximately 50%. The acquisition involves the issue of 4,412,096 new Ordinary Shares in Blue Star. Post-acquisition, Meinhard Benn will hold 25% of SatoshiPay and a significant share in Blue Star.
Bluebird Mining Vnt. - Prospectus drafting commencement - target £10m+
Bluebird Mining Ventures Ltd is initiating the process of drafting a prospectus aimed at raising at least £10 million to support its innovative "gold + digital gold" strategy, combining traditional gold investment with Bitcoin. The prospectus is anticipated to be completed in eight weeks, pending FCA approval. The company is also exploring a potential listing on the US Nasdaq OTCQB.
Andrada Mining Ltd - Proposed Strategic Subscription and Placing
Andrada Mining Limited plans to raise up to £5.9 million through a strategic subscription by Talent10 Resources and an accelerated bookbuild placing. The funding will bolster critical capital projects at Uis and support the commissioning of infrastructure improvements, enhancing the company's production capabilities in Namibia.
Volex PLC - Preliminary Group Results FY2025
Volex PLC reports a robust performance for FY2025, with a 19.0% revenue increase to $1,086.5m and an 18.4% rise in underlying operating profit to $106.2m. The company maintained a strong operating margin of 9.8%, amid strategic expansion in manufacturing capabilities globally and significant growth in Electric Vehicles and Consumer Electricals sectors.
Time Finance PLC - Trading Update and Notice of Final Resultss
Time Finance PLC announces record revenues and lending-book growth for FY 2024/25, exceeding market expectations. Revenue rose by 11% to £37m and profit before tax increased by 34% to £7.9m. The company has successfully focused on secured lending and maintained stable arrears and write-offs, positioning itself strongly for sustained growth.
Made Tech Group PLC - FY25 Trading Update
Made Tech Group PLC reports a strong FY25 performance, with revenue reaching approximately £46.4 million, a 20% jump from FY24. The company's Adjusted EBITDA increased by about 42% to £3.4 million. With a substantial 128% rise in new Sales Bookings and a debt-free status, Made Tech is set for continued growth driven by robust digital transformation demand in the UK public sector.