Small caps moves in line with blue chips as AIM 100 and AIM All-Share rise during week


Small caps moved in line with blue chips as the FTSE AIM 100 index climbed 2.85%, while the FTSE AIM All-Share index added 2.4%.

Oxford Nutrascience (AIM: ONG) said it launched two new chewy confectionery products that use its proprietary fortified chewy formulation and signed a manufacturing agreement with French confectionery maker Lamy Lutti.

Africa focused investor Lonrho (AIM: LONR) said its building division Kwikbuild has secured two large tenders in South Africa to develop the Cape Town Station Traders Mall and to build a 700 pupil school near Port Elizabeth with a combined value of US$3.65 million.

Intellectual property commercialisation company Fusion IP (AIM: FIP) said its partner company and Cardiff University spin-out MedaPhor has raised £325,000 to commence sales of its new ScanTrainer stimulator in the UK and sign up overseas distributors.

Renovo Group (LSE: RNVO) told investors that its chief financial officer and company secretary David Blain has acquired 40,000 shares in the company at 25.45p each through Blain Associates Ltd. This repesents 0.02% of the company’s share capital and the director furthermore has unvested options over a total of 409,289 shares.

Cineworld Group (LSE: CINE) and Quintain Estates and Development (LSE: QED) have signed an agreement for a new multi-screen cinema at the Wembley City retail zone, which is adjacent to Wembley Stadium and Wembley Arena. Cineworld signed a 25 year lease with Quintain for a new nine screen cinema, which will seat 1,800 people in total and is scheduled to open in 2013.

Speciality biopharmaceutical company Lipoxen (AIM: LPX) told investors that an expansion of its DNA Vaccine Patent for the company’s ImuXen liposomal gene technology has been allowed in the US. According to Lipoxen, the patent expansion strengthens and broadens its existing ImuXen patents - which protect the co-delivery DNA and antigen and delivery of antigen alone.

University intellectual property (IP) commercialisation company Fusion IP (AIM: FIP) has said that partner company Seren Photonics has appointed the chairman of compound semiconductor epitaxial wafer manufacturer IQE (AIM: IQE), Godfrey Ainsworth, as non-executive chairman.

Monitise (AIM: MONI) has tapped into the world’s second largest mobile market after forming a 50/50 joint venture with retail electronic payments network Visa (NYSE: V) to offer a range of mobile financial services to Indian consumers.

Smart metering and energy data company Bglobal (AIM: BGBL) has announced the acquisition of Utiligroup Limited, a provider of energy data management and process solutions to energy and utility sectors, for up to £12.8 million, which will be partially financed through a £6.5 million placing, which was also announced today.

Telecommunications-based transaction management specialist, eServGlobal (ASX: ESV; AIM: ESG) has entered into a conditional agreement to sell its USP Business and USP Products to Oracle (NASDAQ:ORCL) for up to US$93.75m (£65m, A$113.4m). Upon completion, the company intends to focus on its non-USP Business - which contributed 58% eServGlobal’s total revenue in the FY ended 30th June 2009.

Russia-operating Teleset Networks (AIM: TNW), which soared 32% on Tuesday, confirmed that it has been approached by Russian telecommunications company VolgaTelecom (MCX: NNSI) and is currently in discussions, which “may or may not lead” to the takeover of the company.

Ahead of its AGM, Alliance Pharma (AIM:APH) said that trading during the first four months of 2010 has been ahead of its expectations and significantly ahead of last year. Turnover to 30th April 2010, was £15.0 million, 88% higher than the same period in 2009.

Weir Group PLC (AIM: WEIR) said it has signed a cooperation agreement with Mitsubishi Heavy Industries Ltd under which the companies will jointly develop activities in the UK nuclear new build market under the brand WEIR-MHI.

Equatorial Palm Oil (AIM: PAL) shares climbed over 24% by midday on London’s AIM market, after the Liberia focused sustainable oil palm plantation developer announced that it secured a considerable investment from Indian conglomerate The Siva Group.

Clean synthetic fuel specialist, Oxford Catalysts Group (AIM: OCG) is currently starting-up its Fischer-Tropsch (FT) - a process of converting carbon monoxide and hydrogen into liquid hydrocarbons – demonstration facility based in the town of Güssing, Austria.

Life Science specialty chemical company BioNeutral Group Inc (ORCBB: BONU) has appointed Richard Hierons to its newly established Advisory Board for Euro-Asian Markets. Hierons will participate in all of the advisory board's activities, including oversight of the legal documents associated with BioNeutral's dealings with new partner ANA Aquiline Ltd and the proposed merger subject Steri-7 Ltd.

LonZim’s (AIM: LZM) 51%-owned SaaS (Software as a Service) subsidiary, ForgetMeNot Africa Ltd (FMNA), has agreed a deal with Kenya's largest telecoms operator, Safaricom, to offer email and online chat access to over 15 million people in Kenya via Safaricom’s mobile phone network.

RPS Group PLC (LSE: RPS) said it has acquired Aquaterra Consulting Pty Ltd, an international water resource and environmental consultancy, for a maximum A$13.7 million.

Two major contracts announced by Shieldtech (AIM: STEC), a supplier of equipment to police forces, did little to offset the effect of a profit warning for the full-year.  Shares in Shieldtech were down more than 16 percent by midday, albeit off previous lows tested directly after the update.

Rubicon Software Group (AIM: RUBI) has issued a further profit-warning, as it told investors that it expects to report a 28% decline in full year revenues. Previously, on 19 March, the company announced that revenues were substantially below expectations in the first half of the year.

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