Kier Group climbs after £241mln fundraising plans
A look at the major movers on the London market on Thursday
Kier Group PLC (LON:KIE) has built up a good gain after boosting its balance sheet.
The construction company plans to raise £241mln with a placing and open offer at 85p a share.
Together with the proceeds of the recent sale of housing division Kier Living to a company owned by financier Guy Hands, that will give the company funds of around £351.4mln.
Chief executive Andrew Davies said: Today s proposed capital raise represents the final milestone in the group s strategy to simplify the group; to improve cash generation; and to strengthen our balance sheet.
Proactive news headlines: Helium One, Arix Bioscience, Symphony Environmental…
A glance at some of the day s highlights from the Proactive Investor s newswire
Helium One Global Ltd (LON:HE1) said its planned exploration drilling programme at the Rukwa project in Tanzania was awarded an Environmental Impact Assessment (EIA) Certificate on May 4, meaning the AIM-quoted company has all necessary permits in place to start exploration drilling in early June.
Arix Bioscience PLC (LON:ARIX) said after the close on Wednesday that its portfolio company, Autolus Therapeutics PLC (NASDAQ:AUTL), has announced new data highlighting progress in the company s AUTO1 CAR T cell therapy, with an abstract presentation to be presented at the European Hematology Association All-Virtual Congress on June 9-17, 2021. The company said Autolus noted AUTO1 demonstrated a tolerable safety profile in adult patients with IBCL despite high disease burden. Early data in 10 patients showed 100% complete remi
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
Companies
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American PLC stock lost nearly 4.5% to £3,250.50.
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
Companies
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American PLC stock lost nearly 4.5% to £3,250.50.