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Eqtec Shares Surged 22.2% After Italia MDC Started Operations
The EQTEC PLC (LON: EQT) share price surged 22.22% after announcing that its Italia Market Development Centre (MDC) is finally operational and its technical commissioning team has started handover protocols for transferring t
ITM Power Shares Rallied 5.2% on Bessemer Power Supply Boost
The ITM Power plc (LON: ITM) share price rallied 5.22% after revealing that it had signed a contract with Power On Connections Ltd to increase the power supply at ITM’s Bessemer Park by 300% from 7.5 to 30 megavolt amperes (M
US Dollar Index Drops After SVB and Signature Bank Collapse
The US Dollar Index (DXY) was trading down over 100 pips as the dollar fell against a basket of its peers led by the Sterling pound and the euro. The dollar’s decline started last week as the Silicon Valley Bank saga unfolded
Provention Bio Stock Soared 259% on Sanofi’s $2.9Bn Acquisition
The Provention Bio Inc (NASDAQ: PRVB) stock price soared 259% after news emerged that leading pharma company Sanofi had agreed to acquire the company for $2.9 billion in cash, which means that each outstanding PRVB share will
Aridis Pharma (ARDS) Stock Rallied 56.3% on Drug Trial Results
The Aridis Pharmaceuticals Inc (NASDAQ: ARDS) stock price rallied 56.3% after its phase 2a study of AR-501, evaluating the safety and pharmacokinetics of three ascending doses of AR-501 met its primary and secondary endpoints
Direct Line Shares Plunged 8.6% on £45M FY22 Loss. What Next?
The Direct Line Insurance Group PLC (LON: DLG) share price plunged 8.56% after releasing the preliminary results for the 2022 financial year. The insurance group reported a 94.6% decline in operating profits to £32.1 million
Carnival Shares Fell 5.1% Despite Record P&O Cruise Bookings
The Carnival plc (LON: CCL) share price fell 5.1% despite reporting excellent booking data from its subsidiary P&O Cruises about the Wave booking period. The cruise line revealed that P&O Cruises had recorded record-b
SVB Share Price: HSBC Buys SVB UK for £1 To Protect Depositors
The SVB Financial Group (NASDAQ: SIVB) went into receivership on Friday after its customers withdrew over $42 billion of deposits from its coffers, creating the much-dreaded bank run. In the past, no bank has survived a bank
GBPUSD Rallied on Upbeat UK GDP Despite Positive Nonfarm Data
The GBPUSD currency pair was trading up over 145 pips as the British pound rallied against the US dollar, boosted by the release of upbeat UK GDP data. According to the Office for National Statistics, the British economy grew
Molecular Templates (MTEM) Stock Rallied 34% on FDA Approval
The Molecular Templates Inc (NASDAQ: MTEM) stock price rallied 34% after the United States Food and Drug Administration (FDA) cleared its Investigational New Drug Application (IND) following a review, allowing it to proceed w
SVB Share Price Extends Losses by a Further 49.4% Premarket
The SVB Financial Group (NASDAQ: SIVB) share price was trading down 49.4% premarket, extending yesterday’s 60.41% decline. The crash occurred after the bank announced a $1.75 billion capital raise to plug a hole created by s
Scottish Mortgage (SMT) Shares Have Fallen 12.9%. What’s Next?
The Scottish Mortgage Investment Trust PLC (LON: SMT) share price has fallen 12.9% over the past month as the growth stocks the company invests in pulled back. The question looming on most SMT shareholders’ minds is, will the
Amigo Shares Fell After Failing to Raise Commitments Worth £45M
The Amigo Holdings PLC (LON: AMGO) share price fell after admitting that it will most likely be unable to raise the £45 million mandated by the Scheme of Arrangement sanctioned by the UK High Court. The company admitted that
Versarien Shares Crashed 51.5% After CEO’s Sudden Resignation
The Versarien PLC (LON: VRS) share price crashed 51.5% after its CEO, Neill Ricketts, abruptly resigned. Investors' adverse reaction to the news was driven by the recent positive releases from the company, which showed that t
USDJPY Fell As the Japanese Yen Rose Against USD on GDP Data
The USDJPY currency pair was trading down over 100 pips at writing as the Japanese yen rallied against the US dollar after the Japanese GDP data. According to the report, Japan’s GDP remained flat in Q4 2022, missing analysts
Troika Media (TRKA) Stock Surged 28%. Is This a Short Squeeze?
The Troika Media Group Inc (NASDAQ: TRKA) stock price surged 28.3% premarket, driven by massive investor interest. The company’s share price has alternated between gains and losses over the past few days, and sellers and buye
Biophytis (BPTS) Stock Rallied 47% on Positive Clinical Trial Results
The Biophytis SA (NASDAQ: BPTS) stock price rallied 46.6% after announcing that it would present positive data from its phase 2-3 COVA study with Sarconeos (BIO101) in severe COVID-19 at the European Respiratory Society 2023
Harbour Energy (HBR) Shares Fell 3.12% Despite $200M Buyback
The Harbour Energy PLC (LON: HBR) share price fell 3.12% despite revealing that its free cash flows tripled in 2022 to a whopping $2.1 billion. However, the company noted that the UK Energy Profits Levy (windfall tax) eradica
Aviva Shares Rose 4.1% on New £300M Share Buyback Program
The Aviva plc (LON: AV) share price edged 4.10% higher after the insurance company released its full-year 2022 results and announced a new £300 million share buyback program as part of its commitment to return excess cash to
Atlantic Lithium Shares Surged 33.8% Despite Corruption Claims
The Atlantic Lithium Ltd (LON: ALL) share price surged 33.8% after yesterday’s massive 40% crash after Blue Orca Capital issued a short selling report implicating the company in high-level corruption in Ghana, where it plans
