SMALL CAP MOVERS: Beowulf and the epic story of reindeer herding, plus John Lewis (the Hungerford one)

Who’s afraid of big, bad Beowulf Mining?

Not investors this week, as they piled into the mineral exploration and development company after sensing the wind of change in Sweden towards mining projects such as Beowulf’s Kallak project.

‘The recent political changes in the composition of the Government and the public statements by you and the Prime Minister have caused excitement amongst Beowulf shareholders,’ said Kurt Budge, the company’s chief executive officer in a letter to Karl-Petter Thorwaldsson, Sweden’s new Minister of Enterprise and Innovation.

'In Sweden industrial activity and reindeer herding coexist', claims the boss of Beowulf Mining

‘In Sweden industrial activity and reindeer herding coexist’, claims the boss of Beowulf Mining

The shares practically doubled to 10.1p following positive comments from the new Swedish prime minister, Magdalena Andersson, about the need for more mines in the country and an indication from Thorwaldsson that things ought to get moving on the Kallak project.

The first exploration licence at Kallak was granted in 2006 but the development of the project has been beset by concerns over the effect of any mining development on the reindeer herds in the area.

‘All the evidence in Sweden is that industrial activity and reindeer herding coexist. This includes the mining sector, where despite differences, agreements are made and all stakeholders benefit,’ Budge claimed in his letter to Thorwaldsson.

Investors in newly listed Technology Minerals are sitting pretty after a successful introduction to the market.

From a debut price of 2.25p, the stock is now trading at 3.09p, giving a profit of 37 per cent for those people who took part in the November 17 IPO. At one point last week the price was up at 4p.

TM is a battery metals play with a green twist. It owns mines that will one day feed the growing demand for battery power.

It also owns 49 per cent of a business that recycles both lead-acid and lithium-ion batteries. The recycling business has the potential to be very quickly cash flow positive and profitable, with two sites expected to be up and running next year.

Not all initial public offerings go so well as is evidenced by the long-running sorry case of Tungsten Corp, where shareholders got some much-needed succour from the latest announcement by the company, which boosted the share price by 36 per cent to 33.5p.

Floated at 225p back in October 2013, the e-invoicing company has been a dog stock since then but perked up after it announced it had been selected by Amazon Business to support the US giant’s global e-invoicing programme in Europe and the US.

The partnership will enable customers to automate the processing of Amazon Business invoices via the Tungsten e-invoicing network.

Christmas is coming and so the thoughts of many turn to John Lewis but probably not John Lewis of Hungerford, the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, which unlike its better known namesake is not known for eagerly-anticipated Christmas advertisements.

The lesser-known John Lewis saw its shares climb by a third to 1.675p after it entered into a 10-year lease on a warehouse facility, with additional office space, on the Grove Business Park close to the company’s manufacturing facilities in Wantage at an annual cost of around £65,000.

The first six months is rent-free, which is a Christmas bonus but sadly not enough to pay for an advertising spot on the telly.

John Lewis of Hungerford , the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, saw shares climb by a third this week

John Lewis of Hungerford , the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, saw shares climb by a third this week

With the Omicron strain of the Covid-19 virus dominating the headlines, Genedrive chose a good time to submit its new rapid point of care molecular test for Covid detection for CE-IVD certification.

The Genedrive Covid kit offers a step-change in rapid molecular testing, delivering positive results as quickly as 7.5 minutes and negative results at 17 minutes, the company said.

The news sent the shares 86 per cent higher at 43.25p.

Marshall Motor Holdings revved up to 392p (up 43 per cent on the week) after its board recommended a takeover offer from Constellation Automotive Group, which owns Cinch and

The offer is worth 400p in cash per share.

Contract news from PipeHawk sent shares in the ground-penetrating radar specialist 89 per cent higher to 16.75p.

QM Systems, one of the group’s principal subsidiaries, has entered into a partnership with Ventive Limited to manufacture (appropriately enough) a groundbreaking ‘green energy’ solution to providing domestic heating and hot water.

Napster Group, once the king of the music file-sharing universe (when that was a ‘thing’) and now something of an also-ran in the music streaming market struck a bum note with investors by announcing plans to delist from London.

The shares slumped by 56 per cenr to 0.375p.

One to watch out for next week is Ondine Biomedical, a Vancouver, Canada-based life sciences group that specialises in tackling drug-resistant infections. 

The story is particularly newsy given its work using a process called photo-disinfection on Covid-19. 

It is expected to be admitted to AIM on 6 December with a market capitalisation of £195m and looks set to raise £22million. Arden Partners will be the nominated advisor and broker.


Low cost portfolios
Low cost portfolios
£1.50 fund dealing
0.25% account fee capped for shares

Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares

Flat-fee investing
Paragon Bank
No fees
£9.99 monthly fee
One free £7.99 trade per month

Free share trading
Share investing
0% commission and no stamp duty

Model portfolios
Model portfolios
Free fund dealing
0.35% account fee capped for shares

> Compare the best investing platform for you

News Related


The next Tiger King? Podcast explores whether big cat attack which left legendary illusionist Roy Horn critically injured and unable to perform with Siegfried Fischbacher 'may have been attempted murder'

New podcast explores Siegfried Fischbacher and  Roy Horn's relationshipThey astonished millions with their extraordinary magic tricks in their show Horn was critically injured in 2003 by one of the act's famed white tigers Producer Steven Leckart has suggested that it could have been a 'murder plot'He said: 'It was viewed as a potential hate crime. [Authorities] have to explore lots of possibilities, no matter how far-fetched' Read more »

US Covid deaths are up to 2,259 per day - the highest average since mid-February and up 27% from last week - as figure continues to climb despite declining cases

U.S. Covid deaths are increasing at a worrying rate, up 27% over the past week to 2,259 per day - the highest total since February 2021Cases are decreasing nationwide, down 13 percent over the past week, a sign that deaths could reverse course in the near future as wellStates along the east coast that experienced huge case jumps during December are now seeing cases sharply drop as the Omicron variant plummets after previously peakingOmicron is moving westward, with states in the plains regions recording sharp case increases over the past two weeks  Read more »

Beijing Winter Olympics: Jamaican bobsleigh team's Olympic dream hangs in the balance due to documentation delay at Stansted

The quartet would be the first to represent Jamaica in the event in over two decades but their accreditation documents still haven't arrived. The Beijing games start on 4 February. Read more »

Video: Romanian mother who was trafficked to the UK reveals she was held captive in a West Midlands flat and forced to have sex with 20 men a day - and only escaped after she suffered internal bleeding that almost killed her

Read more »

Video: EXCLUSIVE: 'Is there something going on with my devices?' Listen as FLUSTERED Josh Duggar is heard stumbling over his words during interrogation by feds over stash of child porn found after raid at car dealership

Read more »

Downing Street parties: PM yet to receive No 10 lockdown parties report as chances of publication today dwindle

Asked at PMQs by Labour leader Sir Keir Starmer if he will release the entirety of Sue Gray's report, the prime minister replied: "We've got to leave the report to the independent investigator, as he knows, of course when I receive it, of course, I will do exactly what I said." Read more »

COVID-19: Sainsbury's and Waitrose advise shoppers and staff to keep wearing face coverings

The safety guidance will also apply to John Lewis, Argos and Habitat stores amid ongoing concern over the spread of COVID as Plan B measures are lifted on Thursday. Read more »

DJ, 48, who suffered chronic back pain from car crash and grew 'withdrawn' in lockdown was found dead at friend's home after taking range of painkillers following her 'livestream' set online

Lisa Helena Zarecky, 48, was found dead at friend's house after performing a set Inquest heard she regularly took pain killers after injuring her back in a car crashCoroner ruled her death was 'unintended consequence' of prescription drug useThe well-known artist was Glastonbury Festival's first ever female breakbeat DJ  Read more »

PICTURED: Five-year-old who was 'stabbed' to death in Coventry as his mother 'screamed my child, my child' - as woman, 49, 'known to his family' is quizzed on suspicion of murder

Mario Lazaraci, five, was found with serious injuries in Earlsdon, CoventryMedics who arrived just after 5.55pm yesterday were unable to save his lifeA woman aged 49 - who is not Mario's mother - has been arrested for murder  Read more »

Picasso's heirs join NFT craze and launch sale of more than a thousand digital images of previously unseen ceramic bowl

Picasso's family are cashing in on wave of interest in non-fungible tokens (NFTs)They will be selling 1,010 digital art pieces of one his ceramic bowls from 1959NFT is unique digital token encrypted with artist's signature to verify ownership Read more »

Ousmane Dembele's agent appears to accidentally show a phone call from PSG director Leonardo amid the forward's Barcelona fall-out after a breakdown in transfer negotiations

Ousmane Dembele's time at Barcelona looks to be coming to an endThe striker has seen a breakdown in talks over a new contract at the Nou CampAnd it now appears that French giants PSG could be interested in a move  Read more »

Italy coach Roberto Mancini dismisses suggestions that recalling forward Mario Balotelli for the first time since 2018 smacks of desperation... as the boss evaluates the former Manchester City star in his search for a goalscorer

Mario Balotelli has not played for Italy since he earned his 36th cap in 2018The 31-year-old has been named in Roberto Mancini's 35-man training squadThe boss will evaluate players that have been re-called, including BalotelliThe former Manchester City forward has scored eight goals already this season Read more »

Pupils left 'shocked' after boy, 17, dies on the grounds of an Edinburgh school for children with autism as site is expected to remain closed for the rest of the week

Police and ambulance crews rushed to Kaimes School in Edinburgh yesterday Pupil was treated by paramedics, but was later pronounced dead at the sceneThe school, which caters for those with complex needs on the autism spectrum, remained closed on Wednesday and is not expected to reopen this week Read more »

Gerard Pique's old Barcelona contract that he signed in 2018 is leaked by the Spanish press... with the defender 'previously earning £23m-a-year' before he took a pay cut to help the club's dire financial situation

The Barcelona contract Gerard Pique signed back in 2018 has been publishedIt's claimed they agreed to a £23m-per-year deal with a £10m retirement bonusPique is also due a slice of £36m when his current contract expires in June 2024He posted his payslip on social media this month amid claims he's the top earner Read more »

Did we hit a nerve? Senior politician condemns MailOnline columnist Dan Wootton for writing about New Zealand's 'nonsensical' Covid laws (but maybe Ardern's government should listen to the THOUSANDS of Kiwis who backed Dan!)

Writing on Monday, Dan Wootton criticised New Zealand's new measuresPM Jacinda Ardern announced them after nine omicron cases were detected His column struck a nerve in New Zealand, including with senior politiciansSpeaker and Labour MP Trevor Mallard personally hit back at the ex-patUnfazed, Mr Wootton responded by saying he was 'stunned' Mr Mallard was continuing to support the government's 'cruel and nonsensical Covid policies' Read more »

Stepping into spring! Queen Letizia of Spain looks chic in a head-to-toe recycled outfit including a Carolina Herrera fur-trimmed cape and BOss leather skirt as she attends a meeting in Madrid

Queen Letizia, 48, donned a skirt and blouse for today's meeting in MadridMet members of the National Council of the Spanish Association Against CancerMother-of-two learned about their achievements in 2021 and plans for this year   Read more »

Democratic political consultant admits to murder-for-hire plot where he paid two hitmen thousands of dollars to stab work colleague to death and set his apartment on fire in 2014

Sean Caddle pled guilty to conspiracy to commit murder for hire on TuesdayHe paid thousands to one person who then recruited an accomplice back in 2014They allegedly stabbed Michael Galdieri, 52, to death and set his home on fireGaldieri had worked for Caddle's consulting group in various Elizabeth racesCaddle faces a maximum of life in prison and a $250,000 fine  Read more »

Video: Jennifer Lopez, 52, shows off her incredibly toned tummy as she dances in a crop top for new Marry Me teaser with Maluma

Read more »

Husband, 71, who stabbed his wife to death was caught on police bodycam telling officers: 'I've just killed the wife. I've had enough' - before telling detectives 'She doesn't know how to keep her mouth shut', court hears

David Maggs confessed to killing mother-of-two Linda, 74, during a 999 callHe stabbed her more than 15 times as she lay in bed at their home in PontypoolMaggs felt he was going to lose out financially as she wanted marriage to endHe denies murder but admits manslaughter on basis of diminished responsibility Read more »

Video: Christina Ricci admits she's 'exhausted' while visiting talk show just six weeks after giving birth

Read more »

'Dead guy, Navy guy': Texas man - who lied to Border Patrol agents after they found two Mexican men hiding in COFFIN draped with the American flag in his modified 'hearse' - pleads guilty to human smuggling

Zachary Taylor Blood, 33, pleaded guilty to one count of human smuggling He attempted to bring Daniel Bueno-Hernandez and Erik Ramirez-Aguilar into the United States in a coffin draped with an American flag on October 26 When asked what he was carrying, Blood replied: 'Dead guy, Navy guy' Blood has no previous criminal record and faces a maximum sentence of five years in federal prison on May 11 Bueno-Hernandez and Ramirez-Aguilar were held as material witnesses and are expected to be released to ICE and deported back to Mexico Read more »

Video: Meghan King describes marriage to ex Jim Edmonds as 'embarrassing' while recapping an old episode of RHOC... after split from Joe Biden's nephew 

Read more »

Brazilian mom records nurse performing FAKE COVID vaccination on her son, 11, at gas station: Syringe was empty, and she didn't push its plunger down

Paola Dino, of São Paulo, Brazil, caught a nurse using an empty syringe while jabbing her 11-year-old at a COVID-19 vaccine appointment on TuesdayDino said she was reluctant at first to record her son's vaccine shot before her nine-year-old asked her to capture the moment on her phoneThe concerned mother tipped off health workers at the gas station vaccination site; her son eventually received his first dose of the CoronaVac vaccineThe Brazilian Health Regulatory Agency opened vaccination to children aged between five and 11 on January 14At least 356 million vaccine doses have been applied in the South American nation  Read more »

Video: Meet Sister Katie! Price, 43, covers up in a nun's habit and suffragette sash to launch £11 a month OnlyFans account amid bankruptcy - as shameless star pokes fun at her bad girl image following arrests

Read more »

EXCLUSIVE: 'Is there something going on with my devices?' Listen as FLUSTERED Josh Duggar is heard stumbling over his words during interrogation by feds over stash of child porn found after raid at car dealership has obtained audio recordings of Josh Duggar's interview with investigators following the November 2019 child porn raid at his car dealershipFeds had uncovered illicit downloads and traced them back to Duggar's business, where agents persuaded Duggar to speak with them voluntarilyInvestigators asked Duggar if he's familiar with 'peer2peer' programs such as Tor Browser that can be used to anonymously share movies, music and other files'I mean, I'm familiar with, I guess you could say,' Duggar replies. Asked how many of his machines have such software he responds: 'Probably all'Duggar is heard stumbling over his words and pleading for more clues after the agents explain why they are there 'I have quite a few questions about it .... I'm just, I'm curious, you're saying there's images being uploaded or images being downloaded?' he asks The 33-year-old fallen reality star was found guilty of possessing the sick material by a federal jury in December and faces up to 20 years imprisonment  Read more »

'It's not for one person to decide the funding model of the BBC': Tim Davie takes swipe at Nadine Dorries after Culture Secretary vowed latest licence fee announcement 'would be the last'

Tim Davie calls for 'full process involving public consultation' on licence fee He said Culture Secretary's announcement on pricing had been a 'surprise'Ms Dorries has said licence fee will be frozen at £159 for two years until 2024After that it will rise in line with inflation for the following four years, she said Read more »

Mysterious object just 4,000 light years away from Earth releases a giant burst of energy three times an hour – and is unlike anything astronomers have seen before

Mysterious object unlike anything ever seen in space discovered by astronomers'Spooky' item was observed releasing a giant burst of energy three times an hourFor one minute in every 20 the discovery is one of brightest objects in night skyObject may be a neutron star or a white dwarf with ultra-powerful magnetic field Read more »

Arsenal, Leeds and Roma target Noussair Mazraoui confirms he wants to leave Ajax for 'something new' this summer as the Morocco right-back says there is just 'five per cent' chance of him staying with the Dutch giants

Noussair Mazraoui confirms he wants to leave Ajax at the end of his current dealThe 24-year-old is being linked with big clubs such as Arsenal, Leeds and Roma The Moroccan international has scored four times for the Dutch side this season Read more »

US-backed Kurdish take control of over-run Syrian prison where 100 ISIS fighters have been holed up with hundreds of minors for six days

US-backed Syrian Defence Forces retake Ghwayaran prison in Hasakeh, Syria Makeshift jail understood to house thousands of IS-sympathists and supportersTerror group launched their own attack with suicide bombers on January 20 180 are believed to be dead, with condition of over 700 minors to be confirmed  Read more »

Walker rescued from cliff face was 'finger's grip' away from plunging to his death in Scotland

The man was clinging on in darkness about 10 metres from the top at Seaton Cliffs, Arbroath, and in a precarious position as he was slipping with a "long way to fall". Read more »

Scotland: Man who was clinging to cliff face rescued by coastguard teams

The man was found cold and tired, approximately ten metres from the top of the cliff, as he was struggling to hold on. Read more »

Antonio Brown plans to sue Bucs for 'a whole lot of money' after the team released him over his bizarre sideline meltdown when he refused to reenter a January 2 game because he claimed he was too injured to play

Antonio Brown and his attorney Sean Burstyn say they're planning legal action against the Tampa Bay Buccaneers over Brown's January 6 release from the clubBrown was cut following a mid-game sideline meltdown on January 2 when he refused to reenter a game against the Jets before storming off the field Brown has maintained that refused to reenter the game because he was battling an ankle injury, while the Bucs contend he never said anything about it that day Burstyn accused the Bucs of defamation by suggestion Brown was suffering a mental breakdown. They seek damages and the cost of Brown's ankle surgery Brown claims the Bucs offered him $200,000 to go to a psychiatric facility following his bizarre, shirtless sideline meltdown on January 2    Read more »

Video: He IS taking a swing at it! Trump says he's he 45th and 47th president during golf outing despite not yet announcing a reelection bid 

Read more »

Video: Survivor is found clinging to overturned boat 60 hours after smuggling vessel carrying 40 people from the Bahamas capsized during storms off Florida coast

Read more »

Video: Boris Johnson blasts the EU over the 'insane' way it is enforcing post-Brexit border rules in Northern Ireland as he risks souring talks with Brussels 

Read more »

Video: Spanish PM warns Russia of massive sanctions if it invades Ukraine

Read more »

Hospital in Bangladesh named world's best new building in the prestigious RIBA architecture awards - with a 'powerful' US memorial and a 'beautiful' hotel in China shortlisted

The Friendship Hospital won the Riba International Prize 2021 thanks to its 'thoughtful and creative design'Riba's experts visited every longlisted building in the running for the prize, which is awarded every two years Hooba Design Group won the Riba International Emerging Architect 2021 award for a Tehran office building Read more »

Anthony Martial admits he is happy to be used ANYWHERE at his Sevilla unveiling and says 'the most important thing for me is playing' after struggling for minutes at Man United this season

Anthony Martial completed a six-month loan deal to Sevilla from Man UnitedThe French forward has struggled for game time at Old Trafford this seasonMartial admits he is happy to play anywhere for Julen Lopetegui's Sevilla sideThe striker revealed that he is ready to get going at the LaLiga side straight away  Read more »

'Never say never': Wayne Pivac refuses to rule out Alun Wyn Jones from playing 'some part' in Wales' Six Nations campaign despite a shoulder injury... but admits it is a 'big ask' for the country's talisman to be fit in time

Talisman Alun Wyn Jones is expected to miss Wales' entire Six Nations campaignBut Wales boss Wayne Pivac has refused to rule out Jones from playing this yearPivac claims 'never say never' about Jones playing some part in the tournament Dan Biggar has been named as Wales' Six Nations captain in Jones' absence  Read more »

Thousands celebrate Australia Day WELL into the night as excited revellers are seen tumbling out of bars - and they'll be some sore heads at work today

The country navigated another conflicted Australia Day on Wednesday with protests and wild partiesMillions of Aussies packed the beaches and waterways around the country for the annual public holidaySydney had spectacular fireworks show off the Opera House into the evening after day of eventsBleary-eyed revellers were pictured leaving pubs and restaurants late at night across the countryMeanwhile thousands attended Invasion Day rallies held around the country to demand the date change Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic