Online Blockchain climbs after plans to open Gibraltar office
A look at the major movers on the London market on Tuesday
11.46am: Blockchain business boosted
Online Blockchain PLC (LON:OBC) is in demand after it announced the opening of an office in Gibraltar.
The blockchain research and development company said Gibraltar offered a number of benefits including access to EU membership, tax-free income, a low annual renewal fee and freedom to conduct business globally.
Chief executive Clem Chambers said: Online Blockchain is particularly suited to such a benign and forward-thinking jurisdiction, and can capitalise on the many opportunities that Gibraltar affords.
Tremor jumps 10% after record first quarter performance
A look at the major movers on the London market on Tuesday
Shareholders in Tremor International Ltd (LON:TRMR) were shaking with excitement after a positive update.
The company, which specialises in software aimed at the advertising market, said it had turned in a record performance for the first quarter, which is traditionally a quieter period for the business.
Revenues jumped 96% to US$63mln while profits soared from US$0.5mln to US$27.5mln.
Tremor added that it was confident in its medium to long-term prospects and was well placed to benefit from the ongoing resurgence in the global digital advertising industry .
TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry
Tue, 25th May 2021 19:40
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Bank of Cyprus Holdings PLC - Strovolos, Cyprus-headquartered financial services firm - Reports total income of EUR136 million in first quarter of 2020, down from EUR145 million a year prior. Swings to pretax profit of EUR19 million from EUR18 million loss. Says the full-year outlook remains uncertain, hinging on the recovery of the tourism industry. The first quarter of the year has again been a period characterised by on-going pandemic-related disruption. Despite the significant progress made both within Cyprus and globally with the vaccine roll-out programme, the day-to-day operating environment continues to be challenging, and the first quarter saw restrictions remaining in place within Cyprus. As such, our priority during the period has c
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A glance at some of the day s highlights from the Proactive Investors newswire
MGC Pharmaceuticals Ltd’s (ASX:MXC) (LON:MXC) (OTCMKTS:MGCLF) major clinical trial programs planned for CimetrA, CannEpil and CogniCann in 2021 are actively progressing across Australia, Israel and Brazil.
Bango PLC (LON:BGO) said the first three telecoms companies offering bundled Xbox cloud gaming subscriptions in Europe are using Bango’s payments platform.
Custodian REIT PLC (LON:CREI), the UK property investment company, has sold a retail unit in Nottingham at auction for £0.7mln, in line with the most recent valuation.
Crossword Cybersecurity PLC (LON::CCS) has appointed Tara Cemlyn-Jones and Robert Coles as non-executive directors with immediate effect.