SIG shares jump as it forecasts a return to profit
A look at the major movers on the London market on Wednesday
SIG PLC (LON:SHI) has come in from the cold sooner than expected.
The insulation specialist said January and February had seen a solid start to the year, with sales volumes then picking up so that March and April traded ahead of expectations.
So it now expects to deliver an underlying profit in the first half, turning round its losses more quickly than expected.
It said: Whilst the evolving COVID-19 backdrop will continue to create uncertainty in the short term, more so in our EU markets than the UK, the strong demand across territories and sectors in the first four months of the year was encouraging and gives the board increased confidence for the full year performance.
Proactive news headlines: MBH Corporation, Oncimmune, Eckoh, Coinsilium Group.
A glance at some of the day s highlights from the Proactive Investors newswire
MBH Corporation PLC (FRA:M8H, OTCMKTS:MBHCF) has added another profitable UK taxi business to its transport vertical.
Diagnostics specialist Oncimmune Holdings PLC (LON:ONC) said it has agreed to take back the China and Hong Kong rights to its EarlyCDT product portfolio in a deal that gives its strategic options to tap the US capital markets.
Directa Plus PLC (LON:DCTA) said it has been granted a European Union-wide patent covering the production process for its G+ graphene nanoplatelets with a priority date of June 20, 2014.
Tetra Bio-Pharma Inc (TSE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) expects to generate over C$47.5M from DanCann Pharma distribution deal
HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) plans at least 16,000 metres of drilling in Alaska this year as it approves C$10M exploration budget
CytoDyn Inc (OTCQB:CYDY) strikes agreement with AEIH in Brazil to run two coronavirus trials using its flagship drug leronlimab
2.39pm: Wall Street opens higher after ADP jobs data
The main indices on Wall Street opened on the front foot on Wednesday after the latest ADP jobs report showed a surge in private sector hiring in April, although less than analysts had expected.
TRADING UPDATES: Cordiant deploys IPO funds; Scotgold gets loan
Tue, 4th May 2021 20:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Cordiant Digital Infrastructure Ltd - investment firm focused on digital infrastructure assets - Announces deployment or commitment of substantially all of the net proceeds from its IPO into digital infrastructure platforms in the Czech Republic and Norway. Company has completed the acquisition of Ceske Radiokomunikace and entered into a legally binding letter of intent to acquire a Norwegian fibre network and certain land for data centre development for a combined total consideration of GBP451 million, comprising GBP318 million of equity and the assumption of an amount equal to GBP133 million of debt. Adds it has raised its dividend guidance, now targeting no less than 3 pence per share for the current financial year, up from 1p. Firm floated in
The Board of Scotgold Resources Limited is pleased to advise all shareholders and interested investors of the release of the Company s interim results for the half year ended 31 December 2020.
A full copy of the results will be made available on the Company s website shortly (www.scotgoldresources.com) or can be accessed by clicking the following PDF link: http://www.rns-pdf.londonstockexchange.com/rns/2163X 1-2021-4-30.pdf
The Company is pleased to note that the Cononish processing plant has continued to operate throughout April. As previously announced, reaching the point of commercial production has taken longer than planned, however the Company is on track to make its first shipment of concentrate product expected to be made in the second week of May 2021.