Predator Oil & Gas upbeat on Morocco prospect as drilling set to start
A look at the major movers on the London market on Thursday
1.14pm: Energy group upbeat on key project
The charmingly named Predator Oil & Gas Holdings PLC (LON:PRD) has attracted attention after a positive update from its operations in Morocco.
The company, which also has projects in Trinidad and Ireland, said its MOU-1 well was on track to begin drilling in June for around 20 days.
Chief executive Paul Griffiths, said: This is an exciting and exceptionally busy time operationally for the company dominated by making preparations on the ground in Morocco for the imminent drilling of the MOU-1 well.
Zambeef Products says profits will be up to 30% ahead of forecasts
A look at the major movers on the London market on Thursday
11.09am: Meat producer sees strong growth
Zambeef Products PLC (LON:ZAM) is in demand after forecasting better than expected profits for the year.
The company - which as the name implies is one of the largest suppliers of beef in Zambia but also retails the likes of chicken, pork and dairy - said earnings and adjusted proftis would be 20% - 30% ahead of current market expectations. Productioin efficiences and managing costs have contributed to the improved performance.
It said: Despite the difficult operating environment resulting from the 2020 economic and Covid-19 related uncertainties, the encouraging first half period performance has been driven by a focus on revenue optimisation. The macroeconomic relative stability witnessed in the first half year period is expected to continue during the second half. The exchange rate has depreciated at a much
Superdry shares rise as it sees light at the end of the tunnel
A look at the major movers on the London market on Thursday
Shares in Superdry PLC (LON:SDRY) are in fashion after a positive trading update.
The group said growth in online sales had helped take some of the pain out of its stores having to close during lockdown.
Overall, full year revenues fell 21% to £555.6m but within that, the fourth quarter saw a 0.8% increase.
Thanks to the pandemic, full year store revenues fell 50.9% but ecommerce sales rose by 33.8%.
It said trade had been encouraging since its shops re-opened in the UK, but the European business continues to be hit by restrictions.
Superdry shares rise as it sees light at the end of the tunnel
A look at the major movers on the London market on Thursday
Shares in Superdry PLC (LON:SDRY) are in fashion after a positive trading update.
The group said growth in online sales had helped take some of the pain out of its stores having to close during lockdown.
Overall, full year revenues fell 21% to £555.6m but within that, the fourth quarter saw a 0.8% increase.
Thanks to the pandemic, full year store revenues fell 50.9% but ecommerce sales rose by 33.8%.
It said trade had been encouraging since its shops re-opened in the UK, but the European business continues to be hit by restrictions.