Digital 9 sells stake in EMIC-1 subsea system following project delays
(Alliance News) - Digital 9 Infrastructure PLC on Tuesday said it has agreed to sell its stake in the EMIC-1 intercontinental subsea cable system for a total of USD42 million.
LONDON MARKET OPEN: Stocks struggle as year draws to close
Chair Eric Sanderson said the sale of EMIC-1 is a "key milestone for progressing the wind-down of the company". The deal can allow the firm to "further deleverage its balance sheet" by trimming the ...
LONDON MARKET CLOSE: FTSE 100 perks up as year concludes
The FTSE 100 index ended up 52.01 points, 0.6%, at 8,173.02. It is up 5.7% for the year. It is the best year for the blue-chip index since 2021, when it jumped 14% on a post-Covid recovery. In 2022, ...
Wizz Air strikes compensation deal for grounded aircraft
Operating under RTX Corp, Pratt & Whitney will provide operational support to Wizz Air through to the end of 2026, as well as a compensation package to cover the costs to Wizz Air associated with the ...
London close: Markets end year on positive note as stocks rise
(Sharecast News) - After a tentative start, UK stocks pushed firmly into positive territory in a shortened trading session on Tuesday, as the London Stock Exchange closes up shop early - along with ...
Visum Technologies loss narrows slightly in slow theme park market
(Alliance News) - Visum Technologies on Tuesday said it must diversify its product offerings as it reported marginally higher revenue and its pretax loss narrowed slightly. Visum Technologies is a ...
Sareum served notice on commercial licence for cancer treatment
(Alliance News) - Sareum Holdings PLC on Tuesday said a biopharma company in the US has served notice to terminate a development & commercialisation licence for Sareum's SRA737 clinical-stage cancer ...
Investment Evolution shifts focus after noting first full-year loss
Investment Evolution will seek more lending licenses in high-margin US states such as Georgia, California and Nevada. US partnerships and licensing deals are another option for increasing revenue, the ...
Walls & Futures REIT interim profit falls amid rate cut uncertainty
Shares in Walls & Futures REIT are quoted at 12.50 pence and last traded at 15.00 pence on December 16 on the Aquis Exchange. Comments and questions to [email protected] ...
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SMALL-CAP WINNERS & LOSERS: GSTech shines; tough 2024 for Videndum
GSTechnologies Ltd, up 7.3% at 2.74 pence, 12-month range 0.55p-2.85p. Shares in the technology company hit this 12-month high as the year concludes. The firm, which operates businesses in the ...
LONDON MARKET EARLY CALL: FTSE 100 set for slip in final day of year
London's flagship index is up 5.0% heading into the final day of 2024, falling short of loftier gains seen in US stocks this year, and the DAX 40 index in mainland Europe. Frankfurt's blue-chip ...
London open: Markets rangebound as caution sets in
(Sharecast News) - UK stocks opened flat on Tuesday morning ahead of an early finish in London, with investors adopting a cautious approach on the final trading day of the year.