Wizz Air dips as Indigo Partners slashes its holding

Wizz Air Holdings PLC (LON:WIZZ) fell 4.5% to 5,260p after investment funds placed shares in the market at 5,200p. Indigo Partners sold an aggregate of 7,692,308 ordinary shares in Wizz Air Holdings, raising around £400mln. Following the completion of the placing, the Indigo shareholders will hold 7,307,692 ordinary shares in the company. 12.35pm: ScS sitting pretty ScS Group PLC (LON:SCS) jumped 6.5% at 247p on the back of interim results that benefited from pent-up demand from the first lockdown. The furniture flogger said the first half of its current fiscal year saw a record performance with revenue up 14.4% year-on-year to £173.9mln and profit before tax of £17.7mln versus a loss the year before of £0.6mln. Despite store closures throughout the autumn and key winter sales period, like-for-like order intake for the 26 weeks ended 23 January 2021 was only down 9.1% year-on-year, ScS said. 11.40am: IronRidge in demand after it identifies several lithium targets IronRidge Resources Ltd (LON:IRR) hardened by one-tenth to 21.6p after it announced it had identified multiple high-grade lithium targets in Ghana. The targets were identified adjacent to the Ewoyaa lithium project (ELP) in Ghana. The best initial results from reverse circulation drilling on the new targets included 13 metres at 1.86% Li2O (lithium oxide); 12 metres at 1.74% Li2O and 10 metres at 1.71% Li2O. 10.45am: Arc Minerals offers good news on share dilution Arc Minerals Limited (LON:ARCM) jumped 16% to 8.75p after 75.8mln share options were surrendered by members of its management team. The decision will eliminate the possibility of share dilution, Arc said. The share options are currently “in the money” so those surrendering the options will receive compensation over the next three years. 9.50am: Ferro Alloy still feeling the benefit of former Xstrata's boss's investment Ferro Alloy Resources Limited (LON:FAR), 24% higher at 18.75p, was flying high for the second day in succession on the back of strategic investment news. Yesterday, the vanadium mining and processing company entered into a subscription agreement for up to US$12.6mln with Vision Blue Resources, a company led and founded by former Xstrata chief executive officer, Sir Mick Davis, and a limited number of co-investors. The shares ended the last week at 10.6p and have now almost doubled since yesterday’s announcement, which also revealed Davis will join the board as chairman. 8.55am: Gulf Marine Services surges as banks give it a break; Kore Potash mystified by share price spurt Gulf Marine Services PLC (LON:GULF), up 52% at 8.88p, was London’s top riser in early deals after it secured improved terms on its debt arrangements. The cash-strapped offshore oilfield support services provider has agreed on new terms with all six of its banks that should save the company around US$53mln in interest payments in the two years to the end of 2022. The interest rate will ratchet up again at the end of 2022 but the new deal does give the company the times needed to raise the US$75mln it is seeking to raise through the issue of new equity. Kore Potash PLC (LON:KP2) shares shot up 24% to 1.425p following a significant increase in the company’s share price on the Australian Securities Exchange (ASX). The company told the ASX it knows of no reason for the share price surge. Proactive news headlines Coinsilium Group Ltd (LON:COIN) has updated on the progress of its first non-fungible token (NFT) venture project as well as the forthcoming release of the Gibraltar cryptocurrency postage stamp and NFT collectable. Guild Esports PLC (LON:GILD) has won its first major trophy after its Fortnite pro players placed first, second and eighth in the Fortnite Champion Series (FNCS) European Grand Finals on the 13-14 March. Love Hemp Group PLC (LON:LIFE) (OTCQB:WRHLF) has signed an exclusive five year, multi-million-dollar global partnership deal with the Ultimate Fighting Championship (UFC), the world’s premier mixed martial arts organisation and the largest Pay-Per-View event provider in the world. AFC Energy PLC (LON:AFC) said it signed a partnership with international consultancy and construction business Mace Group to support the transition to zero-emission hydrogen generators for construction sites. Sirius Real Estate Limited (LON:SRE) is to acquire a business park in Essen, Germany, for €10.71mln in a sale and leaseback deal. The business park is currently 80% let and produces total annualised rental income of about €830,000, reflecting an average rent of €5.85 per square metre (including car parking).  Inspiration Healthcare Group PLC (LON:IHC) said a Japanese distributor has placed an initial £400,000 order for its top-of-range neonatal ventilator after the technology received regulatory sign-off in the country. IronRidge Resources Ltd (LON:IRR) said multiple high-grade lithium targets were identified adjacent to the Ewoyaa lithium project (ELP) in Ghana. Empire Metals Ltd (LON:EEE) has set out a programme for further work at its Eclipse gold project in Western Australia, including additional structural interpretations to support updated vein wireframes and modelling, resource modelling and estimation, and preliminary open pit optimisations. Salt Lake Potash Ltd (LON:SO4, ASX:SO4) said the development of its Lake Way project in Western Australia was 81% complete at the end of 2020 with the first production expected in the fourth quarter of this year. Bango PLC (LON:BGO), the data-driven commerce company, said revenues and profits were ahead of expectations in 2020. Litigation Capital Management Limited (LON:LIT), the legal dispute finance specialist, said the flow of new business is picking up as global lockdown restrictions ease. KRM22 PLC (LON:KRM) has hailed “significantly improved” financial performance for 2020 as the firm almost broke even as it increased revenues despite challenges during the year. Helium One Ltd (LON:HE1) has started the acquisition of seismic data at the Rukwa project in Tanzania. The company has mobilised a data acquisition team, vibroseis trucks and geophones to undertake 150 kilometres of infill 2D seismic targeting multiple trapping styles.  Scirocco Energy PLC (LON:SCIR), which holds a 12% stake in Helium One, also flagged the update to its investors.    San Leon Energy PLC (LON:SKLE), the independent oil and gas production, development and exploration company has updated the market on its operations in Nigeria. The company is due to be repaid US$98mln in loan notes this year. Capital Ltd (LON:CAPD) announced the awarding of two new long-term three year contracts at AngloGold Ashanti's Geita Gold Mine in Tanzania, including the continuation of surface delineation and open pit grade control drilling services, in addition to underground grade control and delineation drilling, with an expanded scope for underground drilling activities. Canadian Overseas Petroleum Ltd (LON:COPL)(CSE:XOP) announced that the acquisition of Atomic Oil and Gas is expected to close on Tuesday. Thani Stratex Resources, a company in which Oriole Resources PLC (LON:ORR) holds a 24.92% stake, has signed a binding heads of terms agreement with private investment company Red Sea Resources Ltd in regard to the Hodine licence in Egypt. Red Sea Resources will earn in to an 85% interest in Hodine, which is currently 100%-owned by Thani Stratex’s local Egyptian subsidiary, in return for paying all outstanding fees and charges and making staged expenditure commitments totalling US$2.2mln.  Panthera Resources PLC (LON:PAT) has noted that the Government of India has introduced a new bill (MMDR2021) into the Lok Sabha, the Lower House of the Government of India's Parliament, to amend the Mines and Minerals (Development and Regulation) Act of 2015 (MMDR2015). Medical specialist Polarean Imaging PLC (LON:POLX) has announced plans to raise a minimum of £20mln via a placing and open offer of new shares. Conroy Gold and Natural Resources PLC (LON:CGNR) said it expects to raise about £2.25mln, partly to fund the proposed joint venture with Demir Export AS and to meet commitments and associated costs of the company’s various licences in Ireland and Finland. Coro Energy PLC (LON:CORO) received valid acceptances and excess applications for a total of 37.2mln shares under its open offer, which closed yesterday. Shareholders had the opportunity to subscribe at 0.4p per share on the basis of one new share for every six existing ordinary shares held. Intellectual property commercialisation specialist Frontier IP Group (LON:FIPP) has hailed a board appointment at portfolio company Alusid as “invaluable”. Blackbird PLC (LON:BIRD) has launched a carbon awareness study titled "Video Shouldn't Cost the Earth" developed in collaboration with environmental management consultancy Green Element. Destiny Pharma (LON:DEST) announced it has completed the "data lock" on its Phase 2b clinical study testing its XF-73 nasal gel as a novel product for the prevention of post-surgical infections such as MRSA caused by Staphylococcal aureus and is expecting to announce the study results at the end of this month. The clinical-stage biotech also said it will announce annual results for 2020 on Wednesday 14 April 2021.