Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Oxford Biomedica sign three new customers
There’s a definite air of pre-Christmas calm in the news releases this morning, but Oxford Biomedica LON:OXB have announced the formation of three new partnerships with biotech companies. This means OXB is providing platforms to support the partners’ pre-clinical gene therapy programs. That means the company has secured four new “AAV” customers this year, materially ahead of the forecast of two client wins.
- Helium One shares surge on offer of Tanzania mining licence
- UK Stock Market News: Anglo American, Mony Group, Oxford Biomedica
- UK Stock Market News: Close Brothers, Barratt, Helium One
#2. Helium One Global fundraising extended amidst popular appeal
Helium One Global LON:HE1 has provided an update on its fundraise, announcing that as a result of investor demand the scale has been extended to £9.9 million, with the additional funds providing greater working capital flexibility following the proposed Q1 ’23 drilling program.
#3. LoopUp trading update shows revenues up, EBITDA down
AIM-listed LoopUp LON:LOOP, the cloud platform for hybrid communications, has this morning issued a trading update. Following the successful integration of customers from PGI Connect, the company now expects full year revenues to be marginally ahead of expectations at no less than £15.5m. FY EBITDA will however be impacted by higher transition execution costs, but this is seen as a one off and won’t weigh on FY23 profitability. Management note that the increase in run rate leaves the company well positioned to see further growth next year.
