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Highlights
- Legal & General settled a multi-million-dollar pensions buy-in deal with London Heathrow’s BAA Pension Scheme.
- Helium One discovered potential to produce more helium from its Rukwa project.
- DX Group launched a new Exchange Portal enabling customers to securely share files.
Stock markets are generally unpredictable, and in this volatile economic environment, many investors have been pessimistic about where the market is headed amid the rising inflation and overall disruption caused by the pandemic. However, investors have been able to make money from stock markets even during this economic turmoil by choosing the right mix of stocks based on the company’s strong fundamentals and growth prospects.
Legal & General Group, Helium One, and DX Group were in the spotlight recently. The stocks of these companies are trending due to varied reasons.
Let’s take a brief look at these trending stocks and their share price performance.
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Legal & General Group plc (LON: LGEN)
UK-based financial services and asset management firm Legal & General Group plc offers a range of products and services to its customers across the globe and aims to improve their lives through inclusive capitalism. The services include investment management, lifetime mortgages, annuities, pensions, and life insurance.
On 10 February, a pensions buy-in deal amounting to approximately £370 million pounds was approved by Legal & General and London Heathrow’s BAA Pension Scheme, which would cover over 1,400 BAA pensioners.
The market cap of the FTSE100-listed company stands at £17,212.79 million and it has given a return of 11.61% to its shareholders over the past year as of 10 February, while its year-to-date return stands at -2.83%. Legal & General Group plc’s shares were trading at GBX 288.80, up by 0.17%, at 8:19 AM (GMT) on 10 February 2022.
Helium One Global Ltd (LON: HE1)
Mainly concentrating on the exploration and development of helium gas, Helium One is a leading UK-based company that produces high-grade helium for markets across the globe. Its portfolio in Tanzania comprises of Eyasi & Balangida and Rukwa Projects.
On 9 February, Helium One CEO David Minchin has validated that hardened clay is present at several levels in the Tai-1 and 1A wells at the company’s Rukwa project, which suggests that helium could potentially be found there.
The market cap of the AIM-listed company stands at £68.60 million, and it has given a return of 44.39% to its shareholders over the past year as of 10 February, while its year-to-date return stands at 56.61%. Helium One Global Ltd’s shares were trading at GBX 11.15, up by 0.09%, at 8:37 AM (GMT) on 10 February 2022.
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DX (group) plc (LON: DX.)
Mail, courier, and logistics firm DX plc operates across the UK and Ireland, delivering over 100 million items a year through its two divisions, DX Freight and DX Express. It provides its delivery services to big clients like B&Q, Yokohama, and Rothley.
On 9 February, a new Exchange Portal was launched by the group for the participants of its DX Exchange network, generally used by the financial, legal, and governmental organisations in the UK. With no extra costs, the new portal facilitates the sharing of encrypted files among customers in a secured manner, demonstrating major development of DX Exchange's offering.
The previous close price of DX (group) plc’s shares was GBX 30.00 as of 4 January 2022, with a market cap of £172.10 million. Its trading has been suspended.
