Angel Biotechnology, a biopharmaceutical contract manufacturer, has announced that it is about to enter what the directors believe is an 'unprecedented period of growth', rendering a staffing restructure necessary. This has begun with the appointment of Dr Stewart White, who the firm says has already made a "significant impact", as Acting Chief Executive Officer. The share price rose by eight percent to 0.27p.
Energetix Genlec, a subsidiary of Energetix Group, an alternative energy developer, has entered into an agreement with ScottishPower to trial the Kingston microCHP boiler. The two firms will evaluate opportunities for volume roll out of microgeneration for its customers and the potential arising from the government's Green Deal which is anticipated to be in place by the end of 2012. Shares climbed 6.80% to 27.50p.
Metal technology provider Hardide has reported that it expects half year revenue to be considerably above the same period last year following a strong flow of completed orders during the first half. The company also believes it will comfortably exceed market expectations for the full year if the level of sales enjoyed in the first half is sustained in the second. Despite this good start to the year, the board will continue to monitor progress closely due to its previous experience of very uneven demand following periods of stockbuilding by customers. Shares gained 0.075p, or 8.8%, to 0.93p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AFC Energy, an alkaline fuel cell technology developer, has received £152,500 in full repayment, with associated interest of a loan made to Waste2Tricity in 2009. As previously announced, the agreement gave AFC the option to acquire 25% of the share capital of W2T, which was exercised in June 2009 for a nominal fee.
Quindell Portfolio, a consultancy provider, has signed an agreement with a major UK energy supplier which had not been included within previous guidance. Quindell now intends to expand and develop the provision of services within various membership benefits schemes, and starting this summer, this will enable the organisation to provide its members with what is expected to be the cheapest green energy supply currently available to consumers in the UK. Based upon the scheme's anticipated take up rates, the group estimates that, when completed, this revenue stream could contribute up to £20m of revenue over the next five years, and will reach significant volume levels by the last quarter of 2012. Shares gained 1.79% to 7.12p.
Video search engine blinkx has announced a partnership with FTSE 250 sports media group Perform, which owns one of the largest digital sports rights portfolios in the world. This partnership will give blinkx users access to a wide array of original and high-quality college sports content, allowing fans to keep up with the most exciting plays and players from colleges across the country. No financial details were given about the partnership. Shares in blinkx rose 2.87% to 80.75p.
NR
