Highlights 

• Manufacturing PMI, which track UK-based companies’ business activity, saw a modest decline to 60.3 in August from 60.4 reported in July 2021
• Eurasia Mining Plc, at West Kytlim mine, has launched three washing plants for production.
• Blue Prism Group is currently having a discussion with the US-based private equity firm TPG Capital and Vista Equity Partners for the possible acquisition.

Manufacturing activity in the UK declined modestly to 60.3 in August compared to 60.4 reported in July 2021, as per the latest data published by the IHS Markit/CIPS. The latest PMI data is at the lowest level since March 2021 but continue to remain above 50, indicating expansion in the sector. The UK-based manufacturing sector has been facing supply chain issues in the last few months, but still, companies managed to deliver solid gains in output and new orders. Also, the overall outlook for the sector continues to remain positive as per the survey.

The manufacturing sector contributes around 25% to the UK GDP, and improvement in the sector output is good for the UK economy as well as the stock market.

Let us look at FTSE listed stocks that are in focus:

Eurasia Mining Plc (LON: EUA)

The company engages in the development of mining sites and the exploration of industrial metals and minerals. Its primary mining site is located in Central Urals and the Kola Peninsula in Russia.

The company has released a progress update about its operating project site. At West Kytlim mine, the company has launched three washing plants for production. Also, the feasibility study at one of its mines is in the final stage of completion. The company’s joint venture (JV) partner Rosgeo has confirmed that the licensing process for two open-pit deposits is in advanced stages.

Eurasia Mining Plc currently trades at GBX 24, up by 29.73% on 1 September 2021 at 1.35 pm GMT+1 with a market cap of £421.80 million.

Related Read: Eurasia Mining Shares Rally on Potential Asset Sale News

Blue Prism Group Plc (LON: PRSM)

The company is engaged in the technology sector and mainly develops the software to run the robotic process for organisations. It also offers Software as a service (SaaS) products and a digital workforce platform.

The company has confirmed recent media speculation and said that it is currently having a discussion with the US-based private equity firm TPG Capital and Vista Equity Partners for the possible acquisition of the company. As per UK law, the private equity firms now have until 28 September to confirm and make an offer for the Blue Prism Group.

Blue Prism Group Plc currently trades at GBX 1,129, up by 2.64% on 1 September 2021 at 1.35 pm GMT+1 with a market cap of £805.26 million.

Canadian Overseas Petroleum Ltd (LON:COPL)

The company operates in the development of oil and gas reserves and has the main operation in the Africa and USA.

The company reported gross oil production of 2,720 bbl/d as of 31 August. Its crude oil production has increased by 123% since 1 April. Also, the company has a strong outlook for the rest of 2021 and expects higher oil production at the Barron Flats Shannon Unit and Cole Creek Unit due to a strong gas injection response.

Canadian Overseas Petroleum Ltd currently trades at GBX 0.35, on 1 September 2021 at 1.35 pm GMT+1 with a market cap of £54.69 million.

Braveheart Investment Group Plc (LON:BRH)

The company operates as private equity and venture capital investment, making a strategic investment.

The share price of the company’s stock rose by over 15% in early morning trade with high volume and buying interest from investors. The company has previously announced plans to raise £2.5 million by placing 13,888,889 new ordinary shares for 18p per share. The company plans to use net proceeds from the placing to take direct control of the final design of the Covid testing instrument, developed by the York-based Paraytec.

Braveheart Investment Group Plc currently trades at GBX 39.75, up by 15.22% on 1 September 2021 at 1.35 pm GMT+1 with a market cap of £14.89 million.