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Galileo Resources switches focus to Botswana after Star Zinc sale

  What Galileo does Galileo Resources PLC (LON:GLR) is an AIM-listed base metals specialist run by serial resources entrepreneur Colin Bird. What it owns The new copper portfolio in Botswana is the current focus of attention, but there are several other assets inside the business. The company also has interests in the Kashitu project,...

Two minute explainer: Active versus passive funds

Investment funds generally fall into two camps: actively managed funds and passively managed funds. An actively managed investment fund will be overseen by a fund manager who will seek to use his or her expertise to outperform the market and will charge management fees accordingly. A passively managed fund will usually...

British Lithium has the know-how, the team, and the financial backing to help kick-start a whole new

British Lithium is moving rapidly towards the preparation of an integrated quarry and lithium refinery in Cornwall, with drilling ongoing and consultants hard at work building models. The ongoing work follows a successful preliminary economic assessment which was completed last year. To date the company has enjoyed significant government support,...

Apple under investigation by the Competition and Market Authority

Apple Inc (NASDAQ:AAPL) is under investigation by the UK’s Competition and Market Authority (CMA) over the way it operates its App Store. The investigation was launched following complaints that its terms and conditions for app developers are unfair and anti-competitive. Unlike Microsoft, Apple has long operated a “walled garden” model in...

Mosman Oil and Gas moves onto bigger opportunities after Falcon success

What it does Mosman Oil and Gas Ltd (LON:MSMN) operates in the US and Australia with a strategy of expansion through organic growth (exploration of existing permits) and strategic growth (acquisition of new permits, mergers or takeovers).   In the US, it owns 50% of the Falcon project in Texas among others,...

Amryt Pharma eyes further growth for 2021 after year of positive cash generation

Amryt Pharma PLC (LON:AMYT, NASDAQ:AMYT) said it expects to continue strong sales growth for 2021 after reporting a first underlying profit and strong cash flow for the past year. The biopharma company, which acquires, develops and commercialises novel treatments for rare diseases, generated revenue growth of 18.5% to US$182.6mln for...

Albion Venture Capital Trust mulling special dividend after sale of care homes

Albion Venture Capital Trust PLC (LON:AAVC) saw its net asset value increase in the fourth quarter of 2020. The unaudited net asset value (NAV) at the end of 2020 was £73.7mln, equivalent to 73.48p per share (excluding treasury shares), which was an increase of 3.89p (5.6%) per share from the...

Marechale Capital PLC reacts to share price slump

Corporate finance group Marechale Capital (LON.MAC)  was under pressure earlier, its shares falling sharply after serial entrepreneur Chris Akers cut his stake from 9.97% to 2.98% (see below 10.13am). Now the business, founded by a descendant of William Booth of Salvation Army fame, has just put out a trading statement, presumably in an attempt...

Marks and Spencer to close 29 in-store bank branches amid restructuring

Marks and Spencer Group PLC (LON:MKS) announced it will close 29 in-store bank branches and its current account offer as part of a restructuring in the banking arm. The retailer said M&S Bank will move to online and telephony servicing after the pandemic accelerated the shift to online operations. READ: Marks...

Proactive news headlines: Remote Monitored Systems, Franchise Brands, Westminster Group, Savannah Re

Remote Monitored Systems PLC (LON:RMS) said its Pharm 2 Farm (P2F) subsidiary has received an initial order from the Volz Group of Companies for 1mln masks made from its α-virion antiviral material Supermarket Income REIT PLC (LON:SUPR), has acquired a Tesco supermarket in Prestatyn, North Wales for £26.5mln. In a...