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Highlights
- Business confidence amongst the UK-based companies rose to a four-year high at 36% in August 2021.
- As per the survey conducted by Lloyds Bank, the business sentiments were positive in nine out of 12 regions in the UK.
- AMC Plc, Sareum Holdings Plc, Powerhouse Energy & M&G Plc are buzzing stocks of the day.
Business confidence amongst the UK-based companies rose by six points to 36% in August 2021, as per the latest survey conducted by Lloyds Bank. Successful roll-out of vaccination, ease in restrictions and changes in quarantine rules contributed towards a rebound in business sentiments. As per the survey of 1200 companies, business confidence was at a four year high across the UK, with nine out of 12 regions reporting improvement in the sentiments.
Overall positive business sentiments amongst companies are good for the UK economy and the stock market, as the country looks to recover fully from the Covid-19 pandemic.
Let us look at 4 FTSE listed stocks that are in focus:
Amur Minerals Corp (LON:AMC)
The company engages in the exploration and development of mineral projects in the Far East regions of Russia.
As of 31 December 2020, the company is debt-free and has a cash reserve of USD 2,800,000. In addition, the company completed its much-awaited permanent conditions report for its nickel-copper sulphide project on 20 August 2021. The report will undergo a final review by the Russian Government Commission for Natural Resources Reserves, after which the estimated reserve at the project site will be established.
Amur Minerals Corp currently trades at GBX 2.10, down by 0.94% on 31 August 2021 at 8.40 am GMT+1 with a market cap of £29.25 million. In the last one year, the stock has given an 8.81% return to shareholders.
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Powerhouse Energy Group Plc (LON:PHE)
The company operates in the generation of hydrogen production from waste plastics. The company has a patent for its DMG technology.
The company has signed a binding agreement with Hydrogen Utopia International PLC (HUI). A non-transferable licence to apply for the company’s DMG technology in Poland, Hungary and Greece was awarded to HUI Under the agreement.
Powerhouse Energy Group Plc currently trades at GBX 3.85, up by 1.85% on 31 August 2021 at 8.40 am GMT+1 with a market cap of £149.06 million. The stock has given a 20.87% return to shareholders in the last one year.
Sareum Holdings Plc (LON:SAR)
FTSE-AIM listed company operates in the development of therapeutics treatment of cancer and autoimmune diseases.
For the year ended 30 June 2021, the company expects a loss of approx. £1.6 million, mainly due to the rise in R&D expenditure required for preclinical development. The company has around £2.7 million of cash reserve. In addition, the company has raised £2.37 million before expenses through subscriptions of new ordinary shares to high net worth individuals (HNI).
Sareum Holdings Plc currently trades at GBX 7.50, up by 1.35% on 31 August 2021 at 8.40 am GMT+1 with a market cap of £249.06 million. The stock has given a 742.15% return to shareholders in the last one year.
Related Read: 5 hidden gems to discover on AIM
M&G Plc (LON: MNG)
The company has operations in the savings and investment businesses. It manages the investments for individuals and institutional clients such as pension funds globally. The company has total assets under management of £370 billion as of 30 June 2021.
M&G Plc acquired Sandringham Financial Partners, an independent financial advice provider with £2.5 billion of assets under advice, which advises over 10,000 individual clients. The acquisition deal will strengthen the M&G Plc wealth management services, which was formed in September 2020.
M&G Plc currently trades at GBX 207.70, down by 0.43% on 31 August 2021 at 8.40 am GMT+1 with a market cap of £5,423 million. In the last one year, the stock has given a 20.12% return to shareholders.
