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Proactive news snapshot: Franchise Brands, AFC Energy, Attraqt Group …

Published: 00:30 27 Jul 2018 AEST

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Franchise Brands PLC (LON:FRAN) swung into an interim profit as all four brands - Metro Rod, ChipsAway, Barking Mad and Ovenclean –  improved their performance. Metro Rod, the largest of the franchise operations, completed 88,000 jobs during the period said Stephen Hemsley, executive chairman, a 15% rise on the same period a year ago.

AFC Energy plc (LON:AFC) has received the non-refundable deposit from Southern Oil as part of the recent order of one of its hydrogen power units. The AIM-quoted firm will now start working with Southern to confirm the final scale and cost of the unit, which is to be installed at the oil refiner’s advanced biomass facility in Queensland, Australia.

Online merchandising, search and eCommerce personalisation provider Attraqt Group PLC (LON:ATQT) expects to meet full-year expectation, it said in its interim results. The first half of the year saw revenue rise 53% to £8.4mln from £5.5mln in the same period of last year, with like-for-like (LFL) sales up 11%.

discoverIE Group PLC (LON:DSCV) maker and supplier of customised electronics, said it was on course to deliver earnings in line with expectations following a strong start to the financial year. Sales rose 12% at constant exchange rates and 3% organically, while orders increased 16% at constant currencies, or 7% organically.

Range Resources Limited (LON:RRL) (ASX:RRS) is to raise £1mln through a share issue to accelerate development of its assets in Trinidad. The company will issue 909mln shares at 0.11p a pop.

Custodian REIT PLC (LON: CREI)  said it has raised £1.8mln after issuing 1,500,000 new ordinary shares under its block listing facility at 120p pence per share in order to satisfy continued investor demand.

Solo Oil PLC (LON:SOLO) has named Alastair Ferguson as the successor to Neil Ritson, who is due to retire from his position as chairman. Ferguson immediately joins as non-executive director before taking the reins from Ritson, who leaves his position on 6 August and will become a technical advisor to the company.

Savannah Resources Plc (LON:SAV)  has reported “encouraging” results from its ongoing reverse circulation (RC) and diamond drill (DD) programme at the Mina do Barroso project in Portugal. The AIM-listed miner said RC and DD at the Grandao and Grandao Extended Deposits (GED) had identified “significant expansions to the mineralised pegmatite bodies”, with the expansion at GED supporting further increases to the existing resource estimate of 14 Mt at 1.1% Lithium Oxide.

Higher coal and vanadium prices have lifted interim revenues at mining royalty specialist Anglo-Pacific PLC (LON:APF). Royalty income will be in a range of £17.5mln to £18mln in the half year to June, a 10% increase year-on-year after a very strong second quarter.

Kazera Global PLC (LON:KZG) has commenced a drilling campaign to establish a JORC resource at its Namibia Tantalite Investment Mine (NTI). The AIM-listed resources investment group said early drill cores from the MSA Group, which it commissioned to carry out an exploration programme in June, were “highly encouraging” with the programme ultimately intended to establish a JORC resource and understand the mineralisation on the property as well as the future value of the operation.

Capital Drilling Ltd (LON:CAPD), a leading drilling solutions company focused on the African markets, has announced the appointment of Michael Rawlinson as an independent non-executive director and the company's Remuneration Committee Chairman with effect from 1 August 2018. The group said Rawlinson will replace Craig Burton, who intends to step down from the Board on 31 August 2018.

Wolf Minerals Limited (LON:WLFE) (ASX:WLF) has advised investors that the ASX has granted the company a trading halt in its shares pending an announcement on its financing arrangements. The trading halt will remain in place until the opening of trade the ASX on Monday 30 July 2018, or earlier if an announcement is made to the market. The company's shares will continue to trade on AIM during this period.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

10 hours, 10 minutes ago