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SSP Group Shares Plunge 8.3% on £475 Million Rights Issue as Revenues Nosedive
Shares of foodservice company SSP Group PLC (LON: SSPG) fell 8.3% after the company announced a massive £475 million capital raise via a fully underwritten rights issue to boost its balance sheet. The company said that it would issue 258.1 million
4D Pharma Shares Are Up 15% This Week, Is the Biotech Company Still a Value Play?
Shares of 4d Pharma PLC (LON: DDDD) are up 15% since Monday as buyers step in to reverse the two-week downtrend in place since the beginning of the month. The live biotherapeutics company has not made any significant announcements recently except
Amigo Loans Shares Plummeted This Month; What’s Next for the Guarantor Lender?
Shares of UK guarantor lender Amigo Holdings PLC (LON: AMGO) have fallen drastically this month, erasing a considerable chunk of February’s gains amid a slew of bad news. What’s next for the company? The UK’s Financial Conduct Authority (FCA) yest
Supply@ME (SYME) Share Price Climbs on Singapore Commodities Trade Enabler Acquisition
Shares of fintech platform Supply@ME (LON: SYME) are climbing on Tuesday after the company announced it has signed Heads of Terms to acquire a leading FinTech-powered commodities trade enabler focused on SMEs. SYME’s share price is trading at 0.50
Slack Shares Down After Reporting Q4 Loss
Slack Technologies (NYSE: WORK) reported a Q4 loss of $0.01 on Thursday evening, resulting in its share price falling premarket on Friday. The result is an improvement on the $0.04 loss the previous year. The company also reported total revenue
FuelCell Share Price Falls 11% On Larger Than Expected Loss
FuelCell Energy (NASDAQ: FCEL) reported results for the first quarter of fiscal 2021, causing its share price to fall 11.92% to $15 as its earnings fell short of expectations. The fuel cell technology company's revenue was $14.88m compared to the
Can-Fite Biopharma Stock Surges After Signing $42.7m Out-Licensing Deal with Ewopharma
Shares of biotechnology firm Can-Fite BioPharma (NYSE American: CANF) have jumped on Tuesday after the company announced it has signed an exclusive distribution agreement with Switzerland-based Ewopharma for Piclidenoso in treating psoriasis and Namo
Here’s Why COPL Shares Edged 10% Higher Despite the Recent £14M Capital Raise
Shares of Canadian Overseas Petroleum Limited (LON: COPL) are up 57% since January after the overseas oil company completed the acquisition of Atomic Oil & Gas LLC, which gives it access to oil-producing assets in the US. The firm recently rai
FinTech Acquisition Corp Shares Jump On eToro Rumours
Reports on Monday evening stated that trading platform, eToro, plans to go public via a merger with blank cheque firm FinTech Acquisition Corp (NASDAQ: FTCV), led by Betsy Cohen. According to its sources, Bloomberg said that the deal will value th
ScS Group Reports Record First-Half Performance
Furniture and flooring retailer ScS Group (LON: SCS) shares are rising on Tuesday after the company reported "record" results for the first half of the year. ScS Group's share price is up 6.47% at 247p so far on Tuesday.
Superdry Share Price Erases Nearly All Weekly Losses
Shares of Superdry PLC (LON: SDRY) plunged over 12% on Monday after the fashion retailer reported a pre-tax loss of £166.9 million, which is nearly double from last year's £89.3 million loss. However, investors used this weakness in Superdry stock
Meggitt Share Price Falls 4% After First-Half Profit Tumbles
Shares of Meggitt PLC (LON: MGGT) fell more than 4% on Tuesday after the firm said it is suspending its interim dividend as the first-half profit tumbled as much as 37%. Revenue fell 14% £917 million from £1.07 billion. Therefore, the company swun
Here’s Why Neo (NEO) Price is Trading Higher This Week
Neo (NEO) price is trading over 20% higher this week as the open-source blockchain project prepares to launch “Flamingo Finance (FLM)”, the DeFi platform. According to the official website of the platform, FLM is expected to launch by September 23
Ethereum (ETH) Price Tumbles. Here’s Why
Ethereum (ETH/USD) price is trading almost 10% down on the week after the buyers failed to stay above the $365 handle. On the fundamental side, the latest data shows that a number of daily Ethereum transactions exceeded the 1.4 million mark on Thu
Greggs Shares Climb Despite Full-Year Loss
Shares of Greggs plc (LON: GRG) are up on Tuesday despite the company reporting a full-year pre-tax loss of £13.7 million. Greggs' share price is trading 4.63% higher at 2,312p.
Oriole Resources Shares Rally On Thani Stratex Resources Update
Shares of exploration company Oriole Resources (LON: ORR) are rallying on Tuesday. The AIM-listed company revealed that Thani Stratex Resources Limited, of which it has a 24.92% interest, has signed a binding Heads of Terms agreement with private
Sigma Labs Shares Surge On Lockheed Martin Deal
Shares of Sigma Labs (NASDAQ: SGLB) have soared on Monday after the company revealed it has been awarded a contract for an initial system of its PrintRite3D in-process quality assurance solution by Lockheed Martin's Space Additive Design & Manufa
Intec Pharma Announces Merger With Decoy Biosystems
On Monday, Intec Pharma (NASDAQ: NTEC) said it is to merge with privately-held, preclinical-stage biotechnology company Decoy Biosystems, Inc. Intec Pharma's share price surged on the announcement, opening at $7.34 before falling to where it is no
Menzies Shares Just Broke Above a 1-Year Resistance Level, How High Can They Go?
Shares of John Menzies plc (LON: MNZS) just broke above a resistance level that has been in place since March 2020, and many are wondering just how far the shares can go. The aviation and logistics company recently released its full-year financial
Kier Group Shares Edge Higher As Investors Await Massive £150M Capital Raise
Shares of Kier Group plc (LON: KIE) edged 3.97% higher, bringing their total gains for the year to 15.2% as investors await a massive share issue expected to raise £150 million, which is more than the company’s current market capitalisation. The c
