Jersey Oil & Gas (LON: JOG) is in advanced negotiations for a farm-out of the Greater Buchan Area with a significant North Sea company. There is an exclusivity period until the end of April. Once a partner is secured then regulatory approvals can be sought. There are estimated resources of more than 100 million barrels […] The post AIM movers: Jersey Oil & Gas bounce back and Shearwater expectations slashed appeared first on UK Investor Magazine ..read more

The big news today for shareholders in Jersey Oil & Gas (LON:JOG) is that it is at an advanced stage in agreeing to farm-out a material interest in its Greater Buchan Area. It has lit up the group’s shares, which have jumped 23% on the news, to around 188p. Jersey Oil & Gas is a […] The post Jersey Oil & Gas – shares lift 23% on GBA ‘farm-out’ news appeared first on UK Investor Magazine ..read more

Molten Ventures has announced its portfolio company, Ledger has close its Series C extension round and maintained a €1.3 billion valuation. Ledger, a leading global platform for digital assets and Web3, secured investment from Molten Ventures and new investors including True Global Ventures, Cite Gestion SPV, Digital Finance Group and VaynerFund. “This latest round is […] The post Molten Ventures portfolio company Ledger completes Series C appeared first on UK Investor Magazine ..read more

The point of care molecular diagnostics company Genedrive (LON:GDR) has announced that the UK’s National Institute for Health and Care Excellence (NICE) has given positive final guidance for its MT-RNR1 ID Test kit to be used by the NHS. The NICE Early Value Assessment programme selects and recommends new technologies that will make a real difference […] The post Genedrive – company wins NICE approval for its MT-RNR1 ID diagnostic kit for use in the NHS appeared first on UK Investor Magazine ..read more

The FTSE 100 edged higher on Wednesday as investors dipped their toes back into stocks heavily beaten down by the mini banking crisis over the past week. A speech by the Bank of England’s Governor this week in which he said the recent saga is not another crisis on the scale seen in 2008 appears […] The post FTSE 100 edges higher on mild optimism the banking crisis is over appeared first on UK Investor Magazine ..read more

Next shares were down sharply on Wednesday morning after the retailer forecast lower profit before tax for the year ahead and predicted full price sales would fall 1.5%. Profit before tax for the year ending January 2023 was £870m, slightly better than the £860m guided for earlier this year. However, the group said they saw […] The post Next shares on sale as lower profit forecast appeared first on UK Investor Magazine ..read more

The Alaskan North Slope is the location for the Project Phoenix in which 88 Energy (LON:88E) has a 75.2% working interest. The group’s Hickory-1 has up to six conventional reservoir targets that are expected to be appraised. In an Operations Update just issued by the company it has declared that Hickory-1 successfully intersected and drilled […] The post 88 Energy – good hydrocarbon indications at Hickory-1 exploration well appeared first on UK Investor Magazine ..read more

Used car finance and property bridging loans provider S&U (LON: SUS) reported full year results in line with expectations. The dividend continues to increase, and the total is 133p a share for this year. Trading will not be easy this year, but S&U has a strong track record. In the year to January 2023, underlying […] The post S&U improves lending quality appeared first on UK Investor Magazine ..read more

Footwear retailer Unbound Group (LON: UBG) has received a 10.5p a share potential offer from WoolOvers Group. There would also be a contingent value right that would give shareholders the proceeds of any insurance claim related to business interruptions due to Covid lockdowns. Unbound management says it would be likely to accept this offer. The […] The post AIM movers: Unbound offer and SkinBioTherapeutics cash outflow appeared first on UK Investor Magazine ..read more

The FTSE 100 had a roaring start to Tuesday’s session following comments by Bank of England Governor Andrew Bailey suggesting rates hikes could soon come to an end, and said the current banking crisis was not like the 2008 financial crisis. The FTSE 100 traded as high as 7,520 in early trade on Tuesday, but […] The post Early FTSE 100 gains diminish after Bank of England Governor speech appeared first on UK Investor Magazine ..read more