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Serco Reports a 53% Profit Jump, Share Price Tumbles 10%. Here’s Why
Shares of Serco Group PLC (LON: SRP) tumbled over 10% on Thursday despite a 53% rise in profits for the first half of the year. The outsourcing giant benefited from a surge in demand for its services amid the coronavir
Schneider Electric Share Price Gains on Higher 2020 Revenue Forecast
Shares of Schneider Electric (EPA: SU) soared about 3.5% on Thursday after the French electrical giant upgraded the full-year forecast. Schneider Electric said it now expects its revenue to fall between 5% and 7% for the full-year. This is better
Rolls-Royce Share Price Soars on a New Deal With Richard Branson’s VG
Shares of Rolls-Royce Holdings PLC (LON: RR.) surged 5% today after the company signed a deal to collaborate with Virgin Galactic on the engine design for a supersonic aircraft. Richard Branson’s company aims to utiliz
SAE Share Price Surges 26.9% Higher on a £170M Financing Deal
Shares of Simec Atlantis Energy Ltd (LON: SAE) today surged 26.9% higher extending Friday’s rally, which was triggered by news of a £170 million financing deal signed by the company.
Rolls-Royce Share Price Rises 10% After Winning a Contract in India
Shares of Rolls-Royce Holdings PLC (LON: RR.) gained over 10% on Tuesday after the company struck a deal with India’s Dharma LNG Terminal. Under the terms of the deal, the British giant will deliver a 29 MW gas-based power plant for the liquefied
Rolls-Royce Share Price Just Hit Lowest Levels Since 2004. Here’s Why
Shares of Rolls-Royce Holdings PLC (LON: RR.) fell nearly 10% in the last two days after the company said that it still explores a range of funding options to improve its liquidity, including debt and equity. No final decisions have been made, the en
Rolls-Royce Share Price Is Up Over 100% This Week. Here’s Why
Shares of Rolls-Royce PLC (LON: RR.) are trading over 25% higher today to total weekly gains to more than 100%. According to Susannah Streeter, senior investment analyst at Hargreaves Lansdown, investors are on a “bargain hunt”. “There is an ap
Rolls-Royce Share Price Falls After Pricing £2bn Bond Offer
Shares of Rolls-Royce PLC (LON: RR.) slipped lower today despite the company’s announcement of the pricing of its £2 billion bond offering. The embattled giant seeks ways to boost its finance amid the pandemic. Rolls-Royce will issue corporate bon
Redx Pharma Share Price Skyrockets 280% on AstraZeneca Drug Licensing Deal
Shares of British pharmaceutical company Redx Pharma (LON: REDX) today surged 280% after the company revealed that it had signed a licensing deal with AstraZeneca for the commercial development of RXC006, a porcupine inhibition treatment for fibrotic
Qualcomm Share Price Surges After HMD Investment with Google & Nokia
Qualcomm has joined Google and Nokia in investing in HMD Global, the company behind the ne
Purplebricks Share Price Surges 13.8% Despite Reporting a Bigger Annual Loss
Shares of Purplebricks Group Plc (LON: PURP) today surged 13.8% higher despite the online estate agent reporting a larger than expected annual loss given the challenging market conditions triggered by Brexit and the coronavirus pandemic. The stock
Premier Inn: Whitbread Share Price Swings Into the Red After H1 Loss
Shares of Whitbread (LON: WTB) erased gains from this morning after the owner of Premier Inn posted a £724 million loss in the six months to August 27. A huge loss comes a year after the company reported a £219 million profit. The cash outflow for
Powerhouse Energy Shares Rally 26.6% After Forming an ESG Committee
Shares of Powerhouse Energy Group PLC (LON: PHE) surged 26.6% today after the company established an environmental social and governance (ESG) committee to “integrate sustainability best practice into all decision-making.” The company which produc
Portnoy Favourite Kitov $KTOV Stock Surges 18% On European Patent
Kitov Pharma (NASDAQ:KTOV) stock has surged at the start of the US session after they announced that the European Patent Office intends to grant a new patent to the company for the application entitled “Humanized antibodies against CEACAM1.” The c
PNM Resources Share Price Gaps 9% on an $8.3bn Takeover Deal
Shares of PNM Resources (NYSE: PNM) gapped over 9% today after the company accepted a takeover offer from Avangrid worth $8.3 billion including debt. Avangrid, a subsidiary of the Spanish giant Iberdrola, will now become the third-biggest renewabl
Plus500 Share Price Falls, Despite ‘Outstanding Trading’. Here’s Why
Shares of Plus500 LTD (LON: PLUS) fell around 2% on Wednesday, most likely on profit-taking activities from investors. Plus500 share price initially opened at the 4-week high at 1515p after the online broker reported “outstanding trading” activity.
Plus Therapeutics (PSTV) Stock Surges After Orphan Drug Designation
Clinical-stage pharmaceutical company Plus Therapeutics (NASDAQ: PSTV) has announced that the US Food and Drug Administration (FDA) has granted the company orphan drug designation, sending its stock skyrocketing. The designation is for the company
Plus 500 Share Price Spikes Higher on Upbeat H1 Results, Share Buyback Plan
Shares of Plus500 Ltd (LON: PLUS) today surged 8.5% higher after the company released its H2 2020 earnings results. The online CFDs broker also announced a $67.5 million share buyback programme due to the outstanding results in the first half. The
Plug Power (PLUG) Stock Surges After Asda Fuel Cell Project & Earnings
Plug Power Inc (NASDAQ:PLUG) shares have surged after the company announced its second-quarter earnings, and that it is behind the Asda fuel cell project… In its earnings report, the company revealed an adjusted loss of $0.03 per diluted share vs
Pinterest (PINS) Stock Soars After Earnings Beats Estimates
Pinterest (NYSE:PINS) reported its second-qu