TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry
Tue, 25th May 2021 19:40
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Bank of Cyprus Holdings PLC - Strovolos, Cyprus-headquartered financial services firm - Reports total income of EUR136 million in first quarter of 2020, down from EUR145 million a year prior. Swings to pretax profit of EUR19 million from EUR18 million loss. Says the full-year outlook remains uncertain, hinging on the recovery of the tourism industry. The first quarter of the year has again been a period characterised by on-going pandemic-related disruption. Despite the significant progress made both within Cyprus and globally with the vaccine roll-out programme, the day-to-day operating environment continues to be challenging, and the first quarter saw restrictions remaining in place within Cyprus. As such, our priority during the period has c
ADM Energy present plans after commissioning new competent person’s report on Barracuda Field
ADM Energy PLC (LON:ADME) Technical Director Dr. Satinder Purewal joins Proactive London to explain why they have commissioned Xodus Group Ltd, a leading global energy consultancy, to produce an updated Competent Person’s Report on the Barracuda Field.
Purewal also introduces himself, with 40 years experience in global exploration and production experience for big projects, including four years in Nigeria.
He was the head of European reserves assurance and global reserves training in Shell.
The firm is hoping the independent report will provide a full technical and economic review of the Barracuda Field, assessing the latest data to define the asset’s geological profile and overall potential.
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A glance at some of the day s highlights from the Proactive Investors newswire
MGC Pharmaceuticals Ltd’s (ASX:MXC) (LON:MXC) (OTCMKTS:MGCLF) major clinical trial programs planned for CimetrA, CannEpil and CogniCann in 2021 are actively progressing across Australia, Israel and Brazil.
Bango PLC (LON:BGO) said the first three telecoms companies offering bundled Xbox cloud gaming subscriptions in Europe are using Bango’s payments platform.
Custodian REIT PLC (LON:CREI), the UK property investment company, has sold a retail unit in Nottingham at auction for £0.7mln, in line with the most recent valuation.
Crossword Cybersecurity PLC (LON::CCS) has appointed Tara Cemlyn-Jones and Robert Coles as non-executive directors with immediate effect.
FTSE 100 ends lower while Wall Street slips from best levels after mixed US economic data
The UK blue-chip index drifted to a negative finish, while US investors try to assess the latest housing and confidence figures Commodity companies lose ground
US stocks lose nearly all their early gains
UK public finances scarred by pandemic costs
5.02pm: FTSE softly lower at market close
The FTSE 100 closed Tuesday down 22 points, 0.3%, at 7,030, while the FTSE 250 shed 45 points, 0.2%, to 22,439.
The DAX has been the outperformer on a largely slow day, with the German Ifo hitting a two-year high, IG Senior Market Analyst Joshua Mahony wrote. On the UK front, reflation stocks have performed well, while miners continue to lose ground.