Stocks

Improved Financial Performance and North Macedonia Acquisition by Hydrogen Utopia
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,Hydrogen Utopia reduced its operating loss to £504,000 for H1 2024, down from £867,000 in 2023.,The company completed the acquisition of a medicinal cannabis facility in North Macedonia, managed by its subsidiary Ohrid Organics.,As of 30...

Challenger Energy Calls H1 2024 'Transformational' with Chevron Deal Progress
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Challenger Energy progresses its transformative farm-out deal with Chevron for the OFF-1 licence.,The company reports stable production from its core assets in Trinidad and Tobago during the first half of 2024.,Future plans include market...

Berenberg Raises Price Target on Cranswick Amid Strong Trading and Structural Tailwinds
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Berenberg raises Cranswick’s (LSE:CWK) target price from 5,312p to 5,674p, citing strong trading momentum.,Cranswick's FY25 earnings forecast is upgraded due to volume-driven growth and key structural advantages.,Berenberg sees Cranswick...

Funding Circle Founder Sells 4 Million Shares, Stock Climbs 3.83%
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Funding Circle's (LSE:FCH) founder Samir Desai sold 4 million shares at 125.0p each, totaling £5.0 million.,Despite the share sale, Funding Circle’s stock price increased by 3.83% to 135.50p by 1600 BST.,Desai remains a key figure in the...

Critical Mineral Resources Reports Strategic Progress and Financial Improvements in H1 2024
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Critical Mineral Resources reported reduced pre-tax losses in H1 2024, showing improved financial efficiency.,The company secured an exclusive option to acquire the Igli Project, with high-grade silver and copper results.,CMR raised £1 mi...

Carnival’s (LSE:CCL) Q3 Performance Shatters Records Despite Stock Dip
October 01, 2024 01:43 AM AEST| By Team Kalkine MediaHighlights:,Carnival (LSE:CCL) reports record-breaking Q3 net income with a 60% increase.,Full-year EBITDA forecast raised by over 40%, reflecting operational strength.,Shares drop nearly 3% amid concerns over rising cruise costs for the fourth quart...

Tower Resources Optimistic Ahead of NJOM Farm-Out Deal Early 2025 Spud
September 30, 2024 09:35 PM AEST| By Team Kalkine MediaHighlights,Tower Resources PLC is nearing a funding deal to facilitate the drilling of the NJOM-3 well in Cameroon, with discussions ongoing with a substantial upstream partner.,The company has received multiple proposals, with one expected to fully...

Frasers Bids for Mulberry to Prevent 'Debenhams Scenario'
September 30, 2024 09:30 PM AEST| By Team Kalkine MediaHighlights,Frasers Group PLC has made a 130p per share offer to acquire the remaining 43% of Mulberry Group PLC shares, valuing the company at £83 million.,The acquisition aims to prevent a situation similar to Debenhams, where a viable business face...

CleanTech Lithium Reports Progress on Laguna Verde in First Half
September 30, 2024 09:26 PM AEST| By Team Kalkine MediaHighlights,CleanTech Lithium PLC advances its Pre-Feasibility Study for the Laguna Verde project and initiates a five-well resource drilling program.,The Direct Lithium Extraction pilot plant is now fully operational, producing low-impurity lithium c...

Broker Values Learning Technologies at Over £800 Million
September 30, 2024 09:20 PM AEST| By Team Kalkine MediaHighlights,Peel Hunt considers General Atlantic's £1 per share offer for Learning Technologies Group PLC too low, suggesting a valuation closer to £1.30 per share.,The brokerage anticipates improved business performance as economic conditions improve...

UK House Prices Experience Largest Increase in Two Years
September 30, 2024 09:11 PM AEST| By Team Kalkine MediaHighlights,UK house prices rose by 0.7% month-on-month and 3.2% year-on-year in September, marking the fastest annual growth in two years.,The average house price reached £266,094, approximately 2% below the record highs of summer 2022.,Most regions...

Bluefield Solar Income Fund Raises Dividend Amid Sector Challenges
September 30, 2024 09:06 PM AEST| By Team Kalkine MediaHighlights,Bluefield Solar Income Fund reports 93 MW under construction, 774 MW approved, and 375 MW in planning, contributing to a total potential capacity of 1.56 GW.,The fund's net asset value (NAV) decreased to £781.6 million from £854.2 million...

Oriole Resources Reports Positive Results from Mbe Trench Work
September 30, 2024 08:25 PM AEST| By Team Kalkine MediaHighlights,Oriole Resources PLC reports encouraging trenching results from the Mbe prospect, indicating increased gold mineralization.,Best intersection recorded at 7.00m with 0.60g/t gold; additional results from trenching expected next quarter.,BCM...

Touchstone Exploration Prepares New Cascadura Wells for Production Following Promising Initial Tests
September 30, 2024 08:12 PM AEST| By Team Kalkine MediaHighlights,Touchstone Exploration Inc. reports promising initial results from new wells at the Cascadura field in Trinidad and Tobago.,Significant gas presence recorded, with wellhead pressures reaching up to 3,600 psi; gas production expected to com...

Aston Martin Cautions on Profits Amid Supply Chain Challenges
September 30, 2024 07:49 PM AEST| By Team Kalkine MediaHighlights,Aston Martin Lagonda Global Holdings PLC projects lower-than-expected profits and negative cash flow for 2024 due to supply chain disruptions.,Production delays and weak demand in China are impacting wholesale volumes and profitability.,Th...

Vodafone States No Shareholder Vote Needed for Three UK Merger
September 30, 2024 07:22 PM AEST| By Team Kalkine MediaHighlights,Vodafone Group PLC confirms that the merger with Three UK does not require shareholder approval under new UK listing rules.,The board believes the transaction is in the best interests of all security holders, facilitating quicker execution...

QinetiQ Group Sells Cody Technology Park for Strategic Refocus
September 30, 2024 06:15 PM AEST| By Team Kalkine MediaHighlights:,Site Sale Completed:,QinetiQ sells its 407-acre Cody Technology Park to Tristan Capital Partners for £112 million.,Leaseback Agreement:,Following the sale, QinetiQ will maintain operations on a portion of the site under a 15-year lease.,D...

Rightmove Rejects Fourth Takeover Bid from REA Group
September 30, 2024 06:15 PM AEST| By Team Kalkine MediaHighlights:,Takeover Bid Rejected:,Rightmove declines a fourth takeover offer from REA Group, citing undervaluation.,Offer Details:,The latest proposal valued shares at 780p, including cash and equity components, along with a dividend.,Market Reactio...

Ondine Biomedical (LSE:OBI) records 101% jump in revenue in 1HFY24, shares on radar
September 30, 2024 05:20 PM AEST| By Team Kalkine MediaOndine Biomedical Inc. (LSE:OBI),, a prominent provider of light-activated antimicrobial technology aimed at preventing and treating hospital infections, has reported robust operational results for the first half of 2024. The company highlights signi...

Mulberry Group (LSE:MUL) announces £750,000 retail offer
September 30, 2024 05:18 PM AEST| By Team Kalkine MediaMulberry Group plc (LSE:MUL),, the British sustainable luxury brand, has announced a conditional retail offer to issue up to,750,000 new ordinary shares,at an issue price of,100 pence,per share. This price reflects a,14.9% discount,to the closing mar...
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