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Meggitt Shares Rally 12.2% on Acquisition Rumours Despite Shareholder Revolt
Shares of Meggitt plc (LON: MGGT) rallied 12.17% on rumours that American manufacturing firm Woodward Inc. (NASDAQ: WWD) was looking to acquire the company. The rumours were not confirmed by either company but triggered the rally as investors chee
Tekcapital Shares Climb After Belluscura Announces Plans to Float on AIM
Tekcapital (LON: TEK) shares are rising on Friday after the company noted that its investee, Belluscura, announced its intentions to float on the AIM. Investment firm Tekcapital holds 17.1 million shares of Belluscura or over 17%. Belluscura is
MGC Pharmaceuticals Shares Rally On ArtemiC Covid-19 Study Results
MGC Pharmaceuticals (LON: MXC) share price is climbing on Friday after the company announced further results from the Phase 2 clinical and preclinical studies on ArtemiC. The study evaluated the efficacy on anti-inflammatory agents for increased c
Alba Mineral Resources Shares Jump After Declaring “Significant” Exploration Target
Shares of Alba Mineral Resources (LON: ALBA) are rallying on Friday after the company declared a significant exploration target following a detailed assessment of the Amitsoq Graphite Project in southern Greenland. Alba said it commissioned Dr Joh
ST Modwen Properties Shares Soared 23.8% on Blackstone’s £1.21B Acquisition Offer
Shares of St Modwen Properties PLC (LON: SMP) surged 23.8% after the company announced that it had received a potential takeover offer from the Blackstone Group valuing the company at £1.21 billion ($1.68 billion). The proposal values each of the
Gold Finally Surges Through $1,800 Level With Yields Under Pressure
Gold has climbed to its highest level since late February after finally breaking through the $1,800 mark on Thursday. The yellow metal had threatened to break the psychological level several times in the past couple of weeks but was thwarted at ev
Palantir (PLTR) Shares Lower Despite Agreeing $11.25m US Coast Guard Partnership Renewal
Palantir (NYSE: PLTR) has extended its partnership with the US Coast Guard to help it respond to the COVID-19 pandemic, the company said on Thursday. The US Coast Guard has been using Palantir's software since April 2020 as a data management, anal
Superdry Shares Surge 19.5% on Year-End Trading Statement as Q4 Sales Rebound
Shares of Superdry PLC (LON: SDRY) surged 19.5% after releasing its end-year trading update, where it returned to growth in Q4 2020. The Group noted that its revenues grew 0.8% to £118.3 million, with online sales surging 26.6% and wholesale sales
TUI Shares Climb On Offer of £20 Covid Tests
Shares of the UK's largest holiday company, TUI (LON: TUI), are climbing on Thursday after it was reported the company is set to offer cheap coronavirus tests for UK holidaymakers. Ahead of the UK announcing its travel green list on Friday, TUI is
Orosur Mining Shares Are Down 61.4% From Their February Highs, Will They Keep Falling?
Shares of Orosur Mining Inc (LON: OMI) are down 61.4% from their February highs and seem to be headed lower, having broken below a significant support level. The mining company’s shares have kept falling despite releasing a positive update regardi
Barratt Developments (BDEV) Share Price Rises After Increasing Guidance
Barrat Developments (LON: BDEV) share price is climbing on Thursday after it said a strong operational performance has increased expected full-year completions. From 1 January to 2 May, the company said it delivered 4,481 total home completions, a
Echo Energy Shares Spiked 17.6% Higher After 2020 Gross Revenues Surged 400%
Shares of Echo Energy PLC (LON: ECHO) spiked 17.6% higher after releasing its full-year 2020 financial results, showing its revenues grew almost 400%. The energy company reported full-year 2020 revenues of $11.1 million compared to 2019’s $2.6 millio
Alien Metals Shares Gain On Positive Initial Drill Results
Alien Metals (LON: UFO) share price is gaining after it said initial drill results from the maiden drilling program on its Hancock Iron Ore project, part of the Hamersley Iron Ore Project, Western Australia, are encouraging. The AIM-listed company
Rockfire Resources Shares Tumble 11% On Share Placing
Shares of gold and base metals exploration company Rockfire Resources (LON: ROCK) have fallen on Thursday after the company completed a placing of new ordinary shares, raising gross proceeds of £850,000.
Peloton Share Price Tumbles After U-Turn and Product Recall
Peloton's (NASDAQ: PTON) share price has fallen over 6.5% on Wednesday after a reversal saw them recall the Tread+ and Tread treadmill machines after safety concerns. In a
ESPERION Therapeutics Shares Plunge After Q1 Earnings Miss and Downgrades
Shares of ESPERION Therapeutics (NASDAQ: ESPR) have plunged premarket on Thursday after several institutions downgraded the stock following its Q1 earnings report. The company missed on earnings, reporting an EPS of -$3.50 versus the Zacks Consens
Persimmon Shares Are Up 12.7% in 2021, but They Have Hit a Ceiling. Can They Break Out?
Shares of Persimmon plc (LON: PSN) are up 12.7% in 2021 but appear to have hit the ceiling given that they have been trading sideways throughout April with little indication of a breakout to the upside. The British homebuilding company had a stell
Athenex Stock Rallies After Kuur Therapeutics Acquisition
Shares of Athenex (NASDAQ: ATNX) are rallying premarket on Wednesday after the company said it has acquired Kuur Therapeutics Inc for $185 million. The total consideration will comprise $70 million upfront, primarily in Athenex common stock, and $
Direct Line Insurance Shares Are Down 9.47% This Year as Insurance Premiums Drop
Shares of Direct Line Insurance Group PLC (LON: DLG) are down 9.47% this year amid a drop in total insurance premiums collected in the auto sector. Can the shares reverse course and rally higher. Today, the insurance company reported that the tota
Open Orphan Shares Have Fallen 19.4% From Their April All-Time Highs, What’s Next?
Shares of Open Orphan PLC (LON: ORPH) have fallen 19.4% from their April all-time highs after announcing plans to divest some of its non-core assets into a separate company that will list on the AIM. Investors turned bearish on the company expecti