Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
Another quiet day post-Easter for corporate news but Hargreaves Services [LON:HSP] issued a note to the market this morning advising following a successful fundraise by Tungsten West, the company would benefit to the extent of £3m. That’s related to the remaining instalments which are due following an asset disposal in 2019, whilst a separate mining services contract between the two parties is being terminated early, triggering a further £7m.
Solid State AI [LON:SOLI] issued a trading update this morning noting revenues are now expected to beat market expectations and come in above £150m, whilst pre-tax profits have also been upgraded. Strong order intake has been reported and momentum is building, although supply chain issues are being flagged as a potential drag.
Pub operator Youngs [LON:YNGA] has today announced that they are to acquire the Cubitt House group of pubs in West London. This covers eight existing venues plus one that’s under development and aligns with the company strategy of growing its London pub network in prime, affluent locations.
We start with more on the Middle East and ask whether the emphasis on TACO as a binary outcome when trading the conflict — escalation or retreat — oversimplifies a far more complex reality.
We also take a look at the impact the war is having on supply chains and how this may soon translate into higher prices for UK businesses and consumers
We have a new episode of the podcast for you. Stuart speaks with Bruce MacLachlan about Canada-listed junior miner, Bold Ventures, his plans for growth and the growing confidence within the mining sector
It’s another quiet day on the earnings calendar. Today’s company diary features Kooth.
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