WideCells offers landmark stem cell cover to open up booming market- can it turn this into profit? (WDC)

More than four million people around the world have stored away stem cell-rich umbilical cord blood samples that can potentially be used by both them and their families in future medical treatments. However, many do not fully understand what these stem cells can do and are unaware that treatment typically costs around £300,000. WideCells Group…

Nu-Oil carries out fresh fundraise with new broker Novum following Beaufort insolvency (NUOG)

Nu-Oil and Gas (LSE:NUOG) has carried out a fresh £1.5m placing after its fundraise earlier this month was botched as a result of its former broker Beaufort Securities’ high-profile insolvency. Yesterday’s placing was arranged by Novum Securities, which has been appointed the firm’s new joint broker alongside Strand Hanson. Novum is also the new home…

Avocet Mining offloads subsidiary in ongoing battle to stop overdue loans from pulling it under (AVM)

Troubled resources firm Avocet Mining (LSE:AVM) has offloaded its Norwegian subsidiary today as part of its ongoing eleventh-hour restructuring efforts. It will sell wholly-owned Wega Mining to a firm called Natholmen AS for $400,000 in cash. The sale marks the latest step in Avocet’s last-minute efforts to cut costs and streamline its remaining assets. The…

Touchstone CEO Paul Baay on why the firm will ‘absolutely’ reach profitability in 2018 (TXP)

Earlier this week, Trinidad and Tobago oil and gas firm Touchstone Exploration (LSE:TXP) released its operational update for  January and February. In a strong report the company revealed it is well on its way to meeting its profitable production target of 1,800bopd. The company has brought into production the first well of its accelerated 10-well…