Moves on Friday, April 23, 2021
shares rose 5.88% to 90.13p selling First Student and First Transit
Shares of the transportation group rose on Friday as it announced the sale of its North American contract divisions First Student and First Transit to EQT Infrastructure for $ 4.6 billion.
The group said part of the proceeds from the sale will be used to repay debt, with part of the capital received also likely to flow into FirstGroup’s pension plans.
“This transaction, which follows a strategic review by the Board of Directors of all options to unlock value, allows FirstGroup to meet its long-standing commitments, to make a substantial contribution to its pension plans. UK pensions for buses and groups and deliver shareholder value, while ensuring the ongoing operations have the financial strength and flexibility to achieve their goals. “
FGP price chart
stocks soar 21.95% to 0.25 pence after identifying significant copper
The copper-gold exploration and development company said it recently encountered another significant copper interception in its second drill hole at the Minemba prospect in the area of the Kalengwa exploration project in Zambia in which it operates and owns. a 30% stake.
The group said Thursday it had identified 350m of mineralized deposit to date and, in order to accumulate significant copper tonnage, it intended to conduct an IP ground-based geophysical survey and drill at least two more. holes near the two already completed holes.
Going forward, the Group said further drilling is planned and will be guided by geology and geophysics. In the meantime, the company stressed that the provisional results are subject to laboratory analyzes which should be available in the second half of May 2021.
BZT price chart
stocks jump 17.41% to 436.15p as they expand COVID-19 portfolio
The company, which operates as an international specialist in clinical diagnostics, told investors it continues to develop and expand its COVID-19 portfolio “ to meet rapidly evolving test demands, particularly when the SARS-CoV-2 continues to mutate around the world. ”
“We remain committed to identifying patient needs and overcoming healthcare challenges today and in the years to come, while continuing to strengthen our position as a leading innovator in diagnostic testing. Graham Mullis, CEO of Novacyt told investors in an update.
NCYT Price Table
shares rose 14.72% to 22.95 pence after receiving two milestone payments
E-Therapeutics announced this morning that it has completed two key milestones in its collaboration with Galapagos NV, in line with its previously announced collaboration. The Group said that despite the global pandemic, the collaboration was on schedule.
Using its network-driven drug discovery platform, e-therapeutics said it has successfully identified compounds that are successful against a specific biological process of interest to the Galapagos involved in Idiopathic Pulmonary Fibrosis (“IPF”) and potentially in other fibrotic indications.
ETX said that as a result of the initial phase of the project, experimental testing of the computational predicted set of compounds was performed in several relevant tests and yielded an order of magnitude above standard pass rate. industry for the early discovery of phenotypic drugs.
Companies are now trying to further characterize these successes. Under the terms of the agreement with Galapagos, e-therapeutics is eligible to receive additional milestone payments through preclinical and clinical development as well as commercial milestones, he noted.
ETX price chart
stocks fell 3.95% to 802.5p as the stock was downgraded by analysts
Shares of the company which rents offices, studios and warehouses to small and medium-sized businesses fell today after the stock was revised down by analysts at Barclays.
Barclays analysts lowered the stock two levels to an ‘underweight’ stock rating from its previous ‘overweight’ rating, reducing the stock price target to 700p from 745p.
Vacancy rates have nearly doubled as space availability has almost reached 20-year highs. The investment bank added that the slowdown that began last year could be “structural rather than cyclical, with demand for office space in London permanently declining due to working from home.”
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