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  • Aug 13, 2020 | 09:20 PM | BST

    TUI AG reports 98% slump in group revenue for Q3 FY20; stocks decline over 4%

     

    TUI AG (LON: TUI) has released its quarterly statement for the period from 1 October 2019 to 30 June 2020.

    • The company has stated that reflecting business standstill for most of the quarter with partial operations successfully resumed from mid-May, the Group revenue slumped by 98 per cent to €75 million.
    • The business suspension for most of the quarter, impairments triggered by COVID-19 and net costs arising from ineffective hedging contracts resulted in Q3 Group underlying EBIT loss of €1.1 billion.
    • On the operational front, the group’s all three Cruise operations remained suspended throughout the quarter, sticking to both UK and German government advice on cruising.
    • On 13 August 2020, at the time of writing, GMT 10:45 AM, TUI shares were trading at GBX 350.70, down by 16.60 points or 4.52% against the previous day closing price.

  • Aug 13, 2020 | 09:20 PM | BST

    Smartspace Software Plc completes the sale of its Enterprise software business

     

    Smartspace Software Plc (LON: SMRT) has completed the sale of its Enterprise software business to Four Winds Interactive UK Limited.

    • The company has received an aggregate cash consideration of £4.6 million from Four Winds Interactive UK Limited, which is a subsidiary of Four Winds Interactive.
    • The payment is subject to adjustment following completion based on actual net current assets and its cash and indebtedness position, at completion, while a further £0.4 million is deferred pending the receipt of a refund of corporation tax in respect of R&D tax credits for FY 20.
    • On 13August 2020, at the time of writing, GMT 10:46 AM, SMRT shares were trading at GBX 69.00, up by 7.50 points or 12.20% against the previous day closing price.

  • Aug 13, 2020 | 09:19 PM | BST

    RA International Group Plc bags a major contract worth US$ 60 million; stocks surge over 22%

     

    RA International Group Plc (LON: RAI) has bagged a major new contract with a new global client, supporting a substantial increase in the order book of the company to US$ 188 million.

    • The contract which is estimated to run for a period of two years is for an approximate contract value of US$ 60 million over this period.
    • Under the terms of the contract, the company will provide IFM (integrated facilities management) services in Southern Africa.
    • On 13 August 2020, at the time of writing, GMT 10:47 AM, RAI shares were trading at GBX 56.50, up by 10.30 points or 22.29% against the previous day closing price.

  • Aug 13, 2020 | 09:19 PM | BST

    Portmeirion Group Plc acquires remaining 50% of Portmeirion Canada Inc

     

    Portmeirion Group Plc (PMP) has acquired the remaining 50 per cent of the issued share capital of Portmeirion Canada Inc. from Royal Selangor Inc.

    • The company now owns 100 per cent of the issued share capital of Portmeirion Canada and has also agreed to purchase certain assets from Royal Selangor.
    • The Group will be paying a total cash consideration of CA$1.0 million (£0.6 million) from its existing cash resources. The company has also stated that as part of the acquisition, key licence distribution agreements in the Canadian marketplace are expected to continue.
    • On 13August 2020, at the time of writing, GMT 10:48 AM, PMP shares were trading at GBX 367, unchanged against the previous day closing price.

  • Aug 13, 2020 | 09:18 PM | BST

    The Panoply Holdings Plc signs two significant contracts; stocks surge over 16%

     

    The Panoply Holdings Plc (LON: TPX) has signed two significant contracts with HM Land Registry by Group companies FutureGov and Notbinary.

    • The two contracts worth a value of up to £3.2 million and £1.6 million, respectively were awarded to FutureGov and Notbinary in response to separate bids placed on the Government's digital marketplace.
    • The company has stated that the two contracts are already accounted for in the Board's forecasts and are expected to be up to 24 months long.
    • On 13August 2020, at the time of writing, GMT 10:49 AM, TPX shares were trading at GBX 140.00, up by 20.00 points or 16.67% against the previous day closing price.

  • Aug 13, 2020 | 09:18 PM | BST

    Eckoh Plc secures a six-year renewal of its contract with Capita

     

    Eckoh Plc (LON: ECK) has secured a six-year renewal of its contract with Capita. It’s a significant UK contract win for the company of providing services for the Congestion Charge to TfL (Transport for London).

    • The new contract which follows the Group's existing five-year agreement with Capita and TfL is at a total contract value of £4 million.
    • The sophistication and uniqueness of company’s complementary product suite are going to support Capita with the capabilities to continue to efficiently deliver TfL secure customer payments.
    • The company has further stated that the contract extension will span a far greater reach, covering TfL's new work expanding into the LEZ (low emissions zone) and ULEZ (ultra-low emissions zone), planned for 2021 through to 2026.
    • On 13August 2020, at the time of writing, GMT 10:49 AM, ECK shares were trading at GBX 66.50, up by 3.50 points or 5.56% against the previous day closing price.

  • Aug 12, 2020 | 08:28 PM | BST

    Kingswood Holdings Limited formally close its acquisition of Chalice

     

    Kingswood Holdings Limited (LON: KWG) has taken another giant step in US expansion strategy and announced further US investment.

    • The company has formally closed its acquisition of Chalice Capital Partners and Chalice Wealth Advisors, together known as Chalice.
    • The acquisition is as per the planned increase in company’s interest in Manhattan Harbor Capital (MHC) from 7 per cent to 20 per cent.
    • The company further plans to contemporaneously fold Chalice into MHC, increasing its interest in MHC to above 50 per cent. There is a definitive agreement to acquire majority of 50.1 per cent interest in MHC.
    • On 12 August 2020, at the time of writing, GMT 08:44 AM, KWG shares were trading at GBX 27.00, up by 1.00 points or 3.85% against the previous day closing price.

  • Aug 12, 2020 | 08:27 PM | BST

    ASOS Plc expects revenue growth to be in a range of 17-19 per cent for full year; stocks surge over 8%

     

    ASOS Plc (LON: ASC) has released a pre-close trading update.

    • The company, due to its focus on trading dynamically and managing the business rigorously, has continued to deliver strong operational performance and year-on-year improvements in profitability this financial year.
    • The company expects sales and profit for the full year to be considerably better than the market expectations. The revenue growth of the company is now expected to be in a range of 17-19 per cent with PBT in the region of £130 million to £150 million.
    • The company has gained better visibility on this pattern in customer behaviour as it has progressed through the returns cycle after the lockdown.
    • On 12August 2020, at the time of writing, GMT 08:45 AM, ASC shares were trading at GBX 4,543.00, up by 328.00 points or 8.25% against the previous day closing price.

  • Aug 12, 2020 | 08:27 PM | BST

    Appreciate Group Plc reports 2.1% improvement in revenue for FY20

     

    Appreciate Group Plc (LON: APP) has released its final results for the financial year ended 31 March 2020.

    • The company’s trading for the 11-month period to the end of February 2020 remained in line with expectations, however, the final month of the financial year was impacted by the lockdown imposed due to the COVID-19.
    • Revenue of the company improved by 2.1 per cent to £112.7 million from £110.4 million of 2019.
    • Profit before tax before exceptional items declined to £11.4 million as compared to £12.5 million in 2019.
    • On 12 August 2020, at the time of writing, GMT 08:47 AM, APP shares were trading at GBX 37.00, down by 2.90 points or 7.73% against the previous day closing price.

  • Aug 12, 2020 | 08:26 PM | BST

    Helios Towers Plc acquires over 1,200 sites from Free Senegal

     

    Helios Towers Plc (LON: HTWS) has acquired over 1,200 sites from Free Senegal, backed by a consortium of investors including NJJ and Teyliom Group and Sofima, to control its passive infrastructure assets.

    • The acquisition is for a cash consideration of €160 million or around $189 million, which is equivalent to an enterprise value of €178 million or $210 million. It also includes an estimated €18 million or around $21million of taxes and capitalised ground leases.
    • The company has stated that the deferred consideration and growth capex of €40million or $47million and around €30 million or $35million respectively are expected to be invested over the next 5 years in relation to the rollout of 400 committed new build-to-suit sites.
    • On 12August 2020, at the time of writing, GMT 08:48 AM, HTWS shares were trading at GBX 169.60, up by 2.60 points or 1.56% against the previous day closing price.

  • Aug 12, 2020 | 08:26 PM | BST

    Accsys Technologies Plc forms a new company in a joint venture with Eastman Chemical Company

     

    Accsys Technologies Plc (LON: AXS) has entered into a joint venture with Eastman Chemical Company.

    • A new company has been formed, and a technology licence has been entered into so that front-end engineering and design for the proposed plant in the USA can be completed.
    • The joint venture company, Accoya USA LLC intends to construct and operate an Accoya® wood production plant to serve the North American market.
    • The company’s share of the initial engineering and design costs is expected to be around €1.5 million, in-line with the use of proceeds from its fundraised in December last year.
    • On 12August 2020, at the time of writing, GMT 08:49 AM, AXS shares were trading at GBX 91.20, up by 4.70 points or 5.43% against the previous day closing price.

  • Aug 12, 2020 | 08:25 PM | BST

    7digital Group Plc signs contract with Digital Platform Triller; stocks surge over 30%

     

    7digital Group Plc (LON: 7DIG) has signed a contract with Digital Platform Triller to Power the world's fastest-growing social music video app with its Music Platform-as-a-Service offering.

    • Triller, the viral music app and digital platform is regularly breaking new music, lifestyle and dance trends.
    • As per the agreement, the company will provide Triller with access to its global catalogue of more than 80 million tracks by licensing its API for music sampling and full-length audio streaming.
    • The company has further stated that the new agreement is for an initial minimum term of 18 months and begins immediately.
    • On 12August 2020, at the time of writing, GMT 08:50 AM, 7DIG shares were trading at GBX 77, up by 0.18 points or 30.77% against the previous day closing price.

  • Aug 11, 2020 | 05:50 PM | BST

    Hemogenyx Pharmaceuticals Plc enters CAR-T agreement with University of Pennsylvania; stocks surge 13%

     

    Hemogenyx Pharmaceuticals Plc (LON: HEMO) has entered into CAR-T agreement with University of Pennsylvania.

    • The company has entered into a Sponsored Research Agreement with an aim to advance the CAR (Chimeric Antigen Receptor) T-cells, known as “HEMO-CAR-T" developed by the company toward clinical trials.
    • The agreement is considered as the first step of a larger program that aims to achieve clinical proof of concept for HEMO-CAR-T for the treatment of acute myeloid leukaemia.
    • On 11 August 2020, at the time of writing, GMT 08:05 AM, HEMO shares were trading at GBX 10.13, up by 1.17 points or 13% against the previous day closing price.

  • Aug 11, 2020 | 05:49 PM | BST

    Europa Metals Ltd signs product marketing agreement with Conrad Partners

     

    Europa Metals Ltd (LON: EUZ) has signed a product marketing agreement with concentrate marketing agent, Conrad Partners.

    • The agreement is in relation to the company's wholly owned Toral lead, zinc and silver project situated in the region of Castilla y León, north-west Spain.
    • As per the terms of the agreement, Conrad Partners will work with the company to source commercial terms for the potential future supply and sale of concentrate products from Toral.
    • On 11August 2020, at the time of writing, GMT 08:06 AM, EUZ shares were trading at GBX 15.50, up by 0.50 points or 3.33% against the previous day closing price.

  • Aug 11, 2020 | 05:49 PM | BST

    Cairn Homes Plc expects the operating profit for H1 2020 to be €5.6 million

     

    Cairn Homes Plc (LON: CRN) has released a trading update for the six months ended 30 June 2020. The company continued generating profit despite COVID-19 challenges.

    • For the reported period, the company closed 207 new home sales as compared to 390 closed new home sales in H1 2019. The revenue generated was around €80.6 million as compared to €192.4 million for H1 2019.
    • The operating profit for the six months is expected to be around €5.6 million as compared to €27.3 million in H1 2019.
    • As on 30 June 2020, the company had a gross cash position of around €155.0 million and net debt of nearly €187.0 million.
    • On 11 August 2020, at the time of writing, GMT 08:07 AM, CRN shares were trading at GBX 0.88, up by 0.05 points or 5.28% against the previous day closing price.

  • Aug 11, 2020 | 05:48 PM | BST

    Appreciate Group Plc completes the sale of Budworth Properties Ltd

     

    Appreciate Group Plc (LON: APP) has completed the sale of Budworth Properties Ltd. The said company is a Group subsidiary which owns the land and buildings located at Valley Road, Birkenhead.

    • The disposal was made to HP (Valley Road) Limited for a cash consideration of £3.2 million. The consideration for the disposal, are in line with company’s expectations of the carrying value to be reported as at 31 March 2020.
    • The non-cash impairment charge of £1.8 million is as per the guidance on impairment charges that were provided in the Group's year-end trading update on 30 April 2020.
    • The company has also reported that the land and buildings had been held on the Group's balance sheet as an asset held for sale.
    • On 11August 2020, at the time of writing, GMT 08:09 AM, APP shares were trading at GBX 34.50, unchanged against the previous day closing price.

  • Aug 11, 2020 | 05:48 PM | BST

    Actual Experience Plc signs agreement with Verizon; stocks surge 38%

     

    Actual Experience Plc (LON: ACT) has signed a supplement to its Master Services Agreement with Verizon for Actual Experience's HXM (Human Experience Management) offering.

    • HSM aids quantifying wasted time when applications are not responsive or slow to respond. It also identifies where improvements can be made to the digital business applications to increase employee productivity.
    • The offering also allows organisations to improve the employee experience of their digital business applications by reducing downtime and wait time.
    • On 11August 2020, at the time of writing, GMT 08:10 AM, ACT shares were trading at GBX 111.00, up by 30.50 points or 37.89% against the previous day closing price.

  • Aug 11, 2020 | 05:47 PM | BST

    McKay Securities Plc acquires Thames valley logistics asset

     

    McKay Securities Plc (LON: MCKS) has informed about the acquisition Thames valley logistics asset for £10 million.

    • The acquisition of 1-4 Willoughby Road, a fully let logistics asset in Bracknell by the company represents a net initial yield of 5.6 per cent at current valuation.
    • The acquired estate consists of two modern, self-contained units totalling 54,157 sq ft with large secure yards, whose combined contracted rent of £594,722 per annum provides scope for future growth based on recent lettings in the town.
    • On 11August 2020, at the time of writing, GMT 08:11 AM, MCKS shares were trading at GBX 186.50, unchanged against the previous day closing price.

  • Aug 10, 2020 | 07:33 PM | BST

    Diversified Gas & Oil Plc reports 11% increase in adjusted EBITDA H1 2020

     

    Diversified Gas & Oil Plc (LON: DGOC) has released results for the six months ended 30 June 2020.

    • The company’s adjusted EBITDA for the reported period stood at $146 million, up by 11 per cent of $131 million in 1H 2019.
    • Net income of the company slumped by 71 per cent to $18 million from $62 million of 1H 2019.
    • Reflecting the Board's confidence in the company's outlook, 2Q20 interim dividend of $0.0375 per share was announced, an increase of 7 per cent from $0.035 of 1Q2020.
    • On 10August 2020, at the time of writing, GMT 09:42 AM, DGOC shares were trading at GBX 101.60, up by 2.10 points or 2.11% against the previous day closing price.

  • Aug 10, 2020 | 07:33 PM | BST

    Clarkson Plc reports robust results for H1 FY20; stocks surge over 10%

     

    Clarkson Plc (LON: CKN) has released its results for the six months ended 30 June 2020.

    • The company reported a robust first-half performance with strong trading in the Broking division and £88.8 million of free cash resources.
    • The underlying profit before taxation of the company improved to £21.1 million as compared to £20.1 million in the same period of 2019.
    • The underlying earnings per share of the company stood at 51.4 pence, up from 48.5 pence of the same period last year and the board of the company decided to pay the same as of the deferred 2019 final dividend of 53 pence per share as an interim dividend.
    • On 10August 2020, at the time of writing, GMT 09:43 AM, CKN shares were trading at GBX 2,320.00, up by 220 points or 10.48% against the previous day closing price.

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