It’s a quiet morning in terms of corporate news but Hochschild Mining is leading the FTSE-250 with the precious metals miner receiving another boost off the back of news that gold prices have pushed out to resh record highs. Fears that inflationary pressures in the US could build off the back of further monetary policy easing by the Federal Reserve along with elevated geopolitical concerns are still driving demand for gold. The Hochschild share price was trading more than 6% higher shortly after the open.
Interim results from B90, the online casino and sports betting platform lead generation company were published this morning. Highlights included revenues growing 75%, net losses contracting significantly and an improved cash balance. Management note the company is no longer in turn-around mode, with strong momentum now in play and strong full-year results expected at both the revenue and EBITDA level. The B90 share price was up 19% in early trade.
Money manager WH Ireland issued an update this morning, noting it had agreed terms for the sale of its Wealth Management business to Oberon Investments for £1m. This follows the disposal of its capital markets business earlier in the year and following the divestment, WHI will be operating as a cash shell. As such management plan to wind down the business, with any surplus cash being returned to shareholders. Market data is lacking but some sources are suggesting the WH Ireland share price is around 35% lower approaching 9am.
Most read news on Investegate this morning
Proposed Fundraise - - Renalytix (Reg S) (RENX)
Interim Results - - Elixirr International (ELIX)
WRAP Retail Offer for up to £500,000 - - Renalytix (Reg S) (RENX)
