- The UK government might approve a plan to build new generation nuclear power plants by 2050.
- The nuclear power plant setup will help Britain meet future energy demand and achieve its 2050 net-zero carbon emission target.
- GlaxoSmithKline Plc, Vistry Group Plc, Wise Plc & Supreme Plc are some of the FTSE stocks buzzing today.
The UK government might approve a plan to build new generation nuclear power plants, which will be small modular reactors. The government decision is under consideration amid the energy crisis faced by the country.
Small modular reactors are a fraction of the size of traditional nuclear reactors, which reduce on-site construction and enhance safety. As per the report, defence and aerospace company Rolls-Royce Plc (LON: RR.) is planning to submit its design for small reactors for regulatory approval. Upon approval, the company could receive government funding to commission nuclear plants.
The nuclear power plant setup will help Britain meet future energy demand and achieve its 2050 net-zero carbon emission target. Also, the project is expected to have a positive impact on the economy through job generation.
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Let us look at FTSE listed stocks that are in focus today and explore the investment opportunity:
GlaxoSmithKline Plc (LON: GSK)
The company engages in the research and development of pharmaceutical medicine and health-related consumer products.
GlaxoSmithKline Plc has started phase 3 clinical trial of SK bioscience’s Covid-19 vaccine, GBP510. Phase-3 will be a global trial that will include 4,000 participates from different countries. The company is targeting a global vaccine supply after successful trial results in the first half of 2022. GSK Plc’s revenue was up by 6% at £8,092 million in the second quarter of 2021. Also, the company is confident of achieving its full-year outlook and EPS guidance.
GlaxoSmithKline Plc shares trade at GBX 1,397.20, up by 0.66% on 27 September at 8:50 am GMT+1 with a market cap of £69,840.43 million.
Vistry Group Plc (LON: VTY)
FTSE250 listed company operates in the housebuilding segment, focusing on developing two-bed to five-bed residential homes.
The company’s revenue and profitability have seen growth in recent quarters due to the UK housing market boom. It reported adjusted revenue of £1,259 million and delivered 5,351 homes to buyers during the first half of 2021. Also, the company has a good forward order book and expects profit before tax of £345 million for the full year.
Vistry Group Plc shares trade at GBX 1,232, up by 0.57% on 27 September at 8:50 am GMT+1 with a market cap of £2,732 million.
Wise Plc (LON: WISE)
The company provides money transfer services globally. It offers its services to individual and business consumers.
The global payment technology company offers a cross-border payment transfer service in over 80 countries and charges commission for its services. The company will soon join the Australian payment network by becoming a direct participate and shareholder in the New Payment Platform (NPP). After joining the NPP network, Wise Plc will settle the payment transfer faster and at a lower cost.
Wise Plc shares trade at GBX 1,149, up by 0.79% on 27 September at 8:50 am GMT+1 with a market cap of £11,338 million.
Supreme Plc (LON: SUP)
The company supplies a range of fast-moving consumer and household goods like batteries and lights. It supplies its products to retailers, wholesalers, and supermarkets.
The company reported a significant revival in the revenue at £122.3 million, up by 33%, while its gross profit was up by 24% at £33 million during the financial year ended 31 March 2021. The company generated higher organic revenue, with vaping and sports nutrition and wellness segment contributing higher margins and revenue growth.
Supreme Plc shares trade at GBX 198, up by 5.88% on 27 September at 8:50 am GMT+1 with a market cap of £218.09 million.