Savannah Petroleum Resumes Trading; Byotrol Sees Narrowed Loss

Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK

Shares of SAVANNAH PETROLEUM PLC (SAVP.LN) jumped in early trade Friday as the company returned to trading on the London Stock Exchange’s junior AIM market, after it raised $40 million through a share placing and ended reverse takeover talks.

At 0815 shares up 9.9 pence, or 42%, at 33.5 pence.

BYOTROL PLC (BYOT.LN) said it is expecting a narrowed loss for fiscal 2016 and that it has extended the agreement with Solvay S.A., a polymers and surfactants specialist.

Shares +0.3 pence, or 8%, at 3.4 pence.

1PM PLC (OPM.LN) said fiscal 2016 pretax profit was “materially above current market expectations” and that revenue for the year met the current market forecasts.

Shares +4.5 pence, or 7.9%, at 61.5 pence.

ILIKA PLC (IKA.LN), a battery technology company supplying automotive, aeronautical and electronic components sectors, recorded a widened fiscal-year loss on lower revenue.

Shares -3.5 pence, or 6.7%, at 49 pence.

FTSE Small-Cap +0.2%

AIM +0.2%

Write to Olga Cotaga, Ian Walker and Simon Zekaria at uksmallcaps[a]wsj.com

Copyright (c) 2016 Dow Jones & Company, Inc.