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United Oil & Gas (UOG) Shares Surged on a £5.7m License Sale

The United Oil & Gas PLC (LON: UOG) share price surged 26.7% after entering into a binding Asset Purchase Agreement (APA) with Quattro Energy Limited to sell its UK Central North Sea Licence P2519 for a maximum sum of up

Simon Mugo
Naked Wines Raises FY23 Profit Expectations – Expects ‘Modest’ FY24 Revenue Decline

Naked Wines (LON: WINE) raised its FY23 adjusted EBIT expectations on Tuesday following a solid third-quarter trading performance. Even s

Sam Boughedda
Avacta Shares Jump On Successful Completion of AVA6000 4th Dose Escalation

Avacta (LON: AVCT) shares jumped over 15% in early Tuesday trading after the company said it has successfully completed the fourth dose escalation in its AVA6000 Phase 1 clinical study.

Sam Boughedda
Ocado Q4 Trading Statement — What To Expect

Ocado (LON: OCDO) shares have had a positive start to the year, climbing 23% in 2023, and with other retailers recently posting positive updates, investors will be eagerly awaiting the company’s fourth-quarter trading stateme

Sam Boughedda
Tower Resources Shares Dropped on a $6M Institutional Placing

The Tower Resources PLC (LON: TRP) share price dropped 6.67% after it raised an initial amount of US$1,250,000 from Energy Exploration Capital Partners, LLC (EECP) via an institutional placing governed by an investment deed.

Simon Mugo
Power Metal Shares Fell After a Discounted £900K Capital Raise

The Power Metal Resources PLC (LON: POW) share price fell 3.41% after revealing that it had completed a placing and subscription to raise £900,000 before expenses. The monies will fund its priority exploration projects and ge

Simon Mugo
Which Companies Are Announcing UK Earnings This Week — January 16

Its been a positive few weeks for retailers following the Christmas period, with companies such as Next, B&M,

AskTraders Team
IQE Shares Plunged 21% on a Disappointing 2022 Trading Update

The IQE plc (LON: IQE) share price plunged 21.37% after issuing an update about its financial results for the 2022 financial year that ended in December. The company expects its constant currency revenues to align with its 20

Simon Mugo
QinetiQ Wins £80m MoD Contract

QinetiQ Group (LON: QQ.) said Monday morning that it has won an £80 million contract with the UK's Ministry of Defence (MOD). The company

Sam Boughedda
Ethereum Sends Bullish Technical Signal, Upside Forecasts

The wider cryptocurrency asset class has built on 2023 gains and the surge post US CPI to extend gains over the weekend. Ethereum (ETH) has sent particularly bullish signals on the chart and has positive price forecasts.

Steve Miley
Amigo Shares Crashed 44% Amid Struggle To Find a Lead Investor

The Amigo Holdings PLC (LON: AMGO) share price crashed 44.4% after revealing that it was struggling to secure a lead investor for the 19:1 equity raise mandated by the High Court as part of the approved scheme of arrangement.

Simon Mugo
ITM Power Shares Tumble as Earnings, Revenue For FY23 Expected to Be Worse Than Forecast

ITM Power (LON: ITM) shares plunged Monday after the company said it has "become clear" that the outcome for its financial year ending April 30, 2023, will be "materially different" from the current guidance, with lower reven

Sam Boughedda
GBPUSD Price: Pound Trades Flat Against Dollar As Week Ends

The GBPUSD currency pair was trading almost flat at the time of writing after erasing some of its earlier gains. The pound had gained ground against the dollar earlier today after the latest UK GDP data showed that the countr

Simon Mugo
HEXO Stock Spiked 51.9% on Changes Relating to a New Auditor

The Hexo Corp (NASDAQ: HEXO) stock price spiked 51.9% after announcing that it had filed amended meeting materials well before its upcoming annual general meeting (AGM) scheduled for January 31, 2023.

Simon Mugo
Blue Apron (APRN) Stock Rallied 47% on Positive Market Sentiment

The Blue Apron Holdings Inc (NYSE: APRN) stock price rallied 46.7% despite the lack of news from the meal kit company. The last significant release from the company was regarding the non-compliance notice it received from the

Simon Mugo
CPI Aftershock: Bitcoin Sends Bullish Signal

US Consumer Price Index (CPI) data came in modestly better than consensus, though broadly in line with expectations on Thursday, but nevertheless, this sent the broader cryptocurrency market significantly higher. Of note, the

Steve Miley
Lockheed Martin Downgraded at Goldman Sachs Due to Several Headwinds

Lockheed Martin (NYSE: LMT) has had a solid last 12 months, rising 27%, but Goldman Sachs downgraded the stock on Thursday. Analyst Noah

Sam Boughedda
ITM Power’s Share Price Has Risen 7.43% in 2023. What’s Next?

The ITM Power plc (LON: ITM) share price has risen 7.43% in 2023 despite the lack of announcements from the energy storage and clean fuel company. The last significant news from the company was the postponement of its trading

Simon Mugo
Lucid Group’s Q4 Production Numbers ‘Encouraging’ Says Analyst

Lucid Group (NASDAQ: LCID) jumped 4.79% Thursday after the company announced its fourth quarter and full-year vehicle production numbers, producing a positive response from Cantor Fitzgerald analyst Andres Sheppard.

Sam Boughedda
ValiRx Shares Plunged 9.63% on a Discount Offer To Raise £500K

The ValiRx Plc (LON: VAL) share price plunged 9.63% after launching a broker offer to raise a maximum of £500,000. Investors' adverse reaction to the news was justified given that the company sold the new shares at 11p each,

Simon Mugo
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