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Share Price Information for AFC Energy (AFC)

London Stock Exchange
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Share Price: 16.92
Bid: 16.90
Ask: 17.18
Change: 0.44 (2.67%)
Spread: 0.28 (1.657%)
Open: 16.62
High: 17.66
Low: 16.48
Prev. Close: 16.48
AFC Live PriceLast checked at -

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London close: Footsie dives on economic concerns

Tue, 29th Jun 2010 16:31

London's leading shares ended with heavy losses as concerns about the global economy resurfaced again. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes. As in London, US investors are concerned that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said overnight that its China leading economic index rose just 0.3% in April, a sharp revision down from its preliminary estimate of a 1.7% rise. The news hit miners the most in London, especially Xstrata, Rio Tinto, Vedanta, Lonmin and ENRC. Things are only marginally less bad among oil stocks where Tullow Oil and oilfield services firms Petrofac and AMEC were under pressure. Travel stocks were also under pressure, such as Carnival and BA.In the circumstances, the share price decline of BP does not look so drastic. The beleaguered oil giant said its attempts to clean up the oil spill in the Gulf of Mexico may be hampered by tropical storm Alex. The storm has already prompted some companies to evacuate workers from some offshore rigs in the Gulf.JPMorgan has floated the idea of US oil behemoth Exxon Mobil bidding for its crippled UK rival and thinks an offer of 473p per BP share might win support.US companies are interested in UK assets judging from Emerson's 375p per share or £1bn bid for Chloride this morning. It trumps an agreed 325p offer from ABB by 15%. ABB is considering its position. The prospect of a bid from the US is also shoring up the share price of drugs titan AstraZeneca. Credit ratings agency Standard & Poor's has named Astra, along with infrastructure contractor Balfour Beatty and UK defence firm BAE Systems as companies on the radar of cash rich US companies seeking to take advantage of the strong $/£ exchange rate.Advertising giant WPP Group said revenues, profits and operating margin in the first five month of the year are 'well ahead'. On a like-for-like basis, excluding the impact of acquisitions and currency fluctuations, revenues were up 2%.Outsourcing specialist Serco remains on course to meet guidance given in May, although it gave no clue as to the possible impact of spending cuts announced in last week's Budget. Shares in Connaught continued to slide on Tuesday, having fallen by a third on Friday and another third yesterday. Connaught's shares started their descent on Friday after the social housing firm lowered its estimates for this year and next year because of the emergency budget.Bus and train group National Express expects first half pre-tax profits to show good progress after trading was in line with forecasts through the second quarter. Revenue trends have been resilient, whilst progress on cost saving programmes and delivery of a stronger operational focus across the business has accelerated, it added.Things are on the up at floor coverings retailer Carpetright though not the share price even though revenue and profits both improved last year. Profit before tax came in at the lower end of expectations and the dividend rise was less than expected. Downbeat broker notes also added to selling pressure.Asia focused oil explorer Salamander Energy has abandoned the Tom Su Lua-1X exploration well in the Vinh Chau Graben system, offshore southern Vietnam, as a dry hole.Catlin plans to form a reinsurance company in Switzerland to expand the European-based reinsurance business underwritten by the Bermuda-based group. The group has applied to the Swiss Financial Market Supervisory Authority (FINMA) to establish Catlin Re Switzerland, to be headquartered in Zurich.A weaker than expected flu season will mean first half underlying revenues at in vitro diagnostics firm Axis-Shield rising by just 2%.Womenswear clothing retailer Jacques Vert bounced back into the black last year and to celebrate the company is proposing a dividend for the first time since 1995. Profit before tax was £5.12m compared to a loss of £2.86m the year before.The share price of Infrastrata, the company formerly known as Portland Gas, ballooned after it said it is setting up a number of joint ventures with US energy company eCORP so the two can co-operate on gas storage. Guildford-based fuel cell developer AFC Energy said it has successfully deployed an alkaline fuel cell system at Linc energy's underground coal gasification (UGC) demonstration facility in Chinchilla, Australia. FTSE 100 - RisersEssar Energy (ESSR) 459.20p -0.17%British Sky Broadcasting Group (BSY) 703.00p -0.28%Smith & Nephew (SN.) 636.00p -0.31%Diageo (DGE) 1,060.00p -0.38%AstraZeneca (AZN) 2,947.00p -0.49%BT Group (BT.A) 130.70p -0.61%Tesco (TSCO) 390.65p -0.81%Capita Group (CPI) 760.00p -0.91%Severn Trent (SVT) 1,228.00p -0.97%Associated British Foods (ABF) 976.50p -1.01%FTSE 100 - FallersRio Tinto (RIO) 3,048.00p -6.39%Barclays (BARC) 267.35p -6.31%Xstrata (XTA) 908.70p -6.07%British Airways (BAY) 197.00p -5.92%Lonmin (LMI) 1,455.00p -5.89%Antofagasta (ANTO) 798.50p -5.84%BHP Billiton (BLT) 1,772.00p -5.82%Carnival (CCL) 2,154.00p -5.82%Petrofac Ltd. (PFC) 1,166.00p -5.43%Eurasian Natural Resources (ENRC) 898.00p -5.27%FTSE 250 - RisersChloride Group (CHLD) 387.10p +11.08%Mcbride (MCB) 126.30p +4.38%Domino Printing (DNO) 461.00p +2.44%JD Sports Fashion (JD.) 756.00p +1.48%Supergroup (SGP) 742.50p +1.30%Dignity (DTY) 647.00p +1.09%PZ Cussons (PZC) 332.40p +0.76%Eaga (EAGA) 114.20p +0.62%RPS Group (RPS) 188.90p +0.37%Mitie Group (MTO) 212.80p +0.28%FTSE 250 - FallersConnaught (CNT) 107.20p -20.59%Cookson Group (CKSN) 384.50p -10.12%Carpetright (CPR) 640.00p -9.86%Hansen Transmissions International (HSN) 70.55p -8.14%Ashtead Group (AHT) 90.85p -7.77%Enterprise Inns (ETI) 91.55p -7.53%Yell Group (YELL) 24.70p -7.00%Persimmon (PSN) 361.00p -6.67%SIG (SHI) 103.50p -6.59%Aquarius Platinum Ltd. (AQP) 342.50p -6.52%FTSE TechMARK - RisersAsterand (ATD) 13.25p +8.16%RM Group (RM.) 169.00p +6.29%Gresham Computing (GHT) 16.00p +4.92%Phytopharm (PYM) 8.38p +4.42%Innovation Group (TIG) 11.75p +2.17%Skyepharma (SKP) 27.50p +1.85%Electronic Data Processing (EDP) 47.00p +1.06%Biocompatibles International (BII) 261.50p +0.38%Psion (PON) 75.00p +0.33%Wolfson Microelectronics (WLF) 172.00p +0.29%FTSE TechMARK - FallersAEA Technology (AAT) 15.50p -13.89%Vislink (VLK) 22.25p -5.62%Intec Telecom Systems (ITL) 52.00p -5.45%Filtronic (FTC) 26.50p -5.36%Phoenix IT Group (PNX) 235.00p -5.24%Timeweave (TMW) 23.50p -5.05%Sepura (SEPU) 41.00p -4.65%Axis-Shield (ASD) 250.00p -4.58%Emblaze (BLZ) 33.50p -4.29%ProStrakan (PSK) 67.50p -3.91%
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12 Jun 2024 16:41

EARNINGS AND TRADING: Distil loss widens; Genflow welcomes grant

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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11 Jun 2024 18:51

IN BRIEF: AFC Energy's placing and subscription oversubscribed

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Raises GBP13.8 million by way of an oversubscribed placing and a direct subscription with certain directors of the company at 15 pence per share. In addition, plans to raise further GBP2.0 million via retail offer at the same price. Directors Gary Bullard, Adam Bond, Peter Dixon-Clarke and Monika Biddulph subscribe for total GBP100,000 worth of shares.

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10 Jun 2024 17:28

IN BRIEF: AFC Energy touts fundraise to fast track H-Power delivery

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Announces proposed fundraising via placing of shares and direct subscription with certain directors to raise approximately GBP13.5 million at a price per share of 15 pence. Also announces a proposed financing on the "REX" platform to existing retail investors at the issue price to raise up to GBP2.0 million. No part of the fundraising is being underwritten.

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29 May 2024 15:45

EXECUTIVE CHANGES: Resolute Mining hires former Acacia exec as chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

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20 May 2024 14:44

AFC Energy inks deal to supply fuel cells to Niftylift

(Sharecast News) - Hydrogen power generation technology developer AFC Energy announced an agreement to supply its S Series fuel cell modules to Niftylift UK on Monday.

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20 May 2024 13:48

AFC Energy to supply Europe's largest mobile work platform maker

(Alliance News) - AFC Energy PLC on Monday said it had received an order from Niftylift (UK) Ltd.

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17 May 2024 18:55

TRADING UPDATES: PetroTal buys Peru's Block 131 for USD5.0 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Wednesday and not separately reported by Alliance News:

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8 May 2024 14:20

AFC Energy chooses Illuming Power as manufacturing partner

(Sharecast News) - Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its 'S Series' air-cooled platform.

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25 Apr 2024 15:47

EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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26 Mar 2024 20:40

IN BRIEF: AFC Energy revenue falls; loss widens

AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Revenue from customer contracts falls to GBP227,000 in the year ended October 31, from GBP582,000 a year earlier. Pretax loss widens to GBP19.6 million from GBP19.5 million. Says 2024 is focussed on delivery. Chief Executive Adam Bond says: "We are well placed to build on the foundations set in 2023 and look forward to the successful deliveries of our new H-Power Generators into the hands of customers throughout the remainder of the 2024 calendar year."

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14 Mar 2024 16:53

TRADING UPDATES: FireAngel CFO resigns; ECR Minerals raises GBP585,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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11 Mar 2024 13:18

AFC Energy completes factory testing of H-Power generator

(Alliance News) - AFC Energy PLC on Monday celebrated the successful factory acceptance test of its 30 kilowatt generator.

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4 Mar 2024 12:43

AFC Energy generator given the nod for CE mark

(Sharecast News) - Hydrogen power generation technology company AFC Energy announced the reception of its first independent attestation of conformity certificate for a CE mark on Monday, from German certification agency TÜV SÜD for its 30kW H-Power S Series generator.

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26 Jan 2024 12:17

IN BRIEF: AFC Energy-led consortium secures funding from UK Government

AFC Energy PLC - provider of hydrogen power generation technologies - Says it has been awarded funding under the UK Government's Clean Maritime Demonstration Competition, which is funded by the UK Department for Transport and delivered by Innovate UK. A consortium led by AFC has been awarded GBP676,500, in order to design and integrate its proprietary ammonia cracker reactor technology with marine purposed, ammonia fuelled internal combustion engines. Funding starts in the first quarter, with results from the proof-of-concept demonstration expected to be published twelve months later.

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