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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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UK WINNERS & LOSERS: LSE Shares Drop As Borse Dubai Sells Stake

Thu, 26th Mar 2015 11:56

LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Thursday.
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FTSE 100 WINNERS
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Fresnillo, up 1.4%, and Randgold Resources, up 1.1%. Both miners are higher as the price of gold rises due to the escalation of hostilities in Yemen. The metal trades at USD1,206.69 an ounce, its highest level since the beginning of the month.

Weir Group up 1.9% and BP up 0.2%. Both oil companies are benefiting from the rise in oil prices amid concerns about the political situation in Yemen. Saudi Arabia has launched airstrikes targeting Houthi rebels in Yemen with the support of Gulf region allies and the US. Brent oil hit a intraday high of USD59.72 a barrel Thursday morning and currently trades at USD58.47 a barrel. West Texas Intermediate touched USD52.45 a barrel and is quoted mid-morning at USD51.17.
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FTSE 100 LOSERS
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London Stocks Exchange Group, down 8.6%. Borse Dubai has sold its 17.4% stake in LSE in a block sale managed by BofA Merrill Lynch, Barclays Bank and Nomura International. Borse Dubai had been the biggest shareholder in the LSE but said will no longer hold any shares in the exchange operator.

ARM Holdings, down 4.4%. The chip maker's shares are down after the Nasdaq Composite ended down 2.4% on Wednesday amid concerns about the tech sector. Augustin Eden, research analyst at Accendo Markets, says there are concerns that the markets for smartphones and tablets are becoming saturated leading to many consumers opting for cheaper devices with the same guts as fashionable market leaders, just without the badge. "Crucially, these pay lower royalties to parts suppliers like ARM," he says.

Whitbread, down 2.5% at 5,170 pence. Panmure Gordon has downgraded Whitbread to Sell from Hold, saying rising debt levels and falling returns means the hotel and coffee-shop chain operator should no longer be considered a safe haven. Panmure has a 4,250.00 pence price target on the stock.

Schroders down 5.1%, Prudential down 3.8%, Smiths Group down 3.1% and British Land Co down 2.9%. The stocks are down after they all went ex-dividend, meaning new buyers no longer qualify for the latest dividend payouts.
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FTSE 250 WINNERS
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Supergroup, up 6.2%. The clothing retailer maintained its profit guidance for the year as it outlined the outcome of its strategic review, including the acquisition of its North American distribution licence and plans to start paying dividends in its 2016 financial year. SuperGroup said it expects its profit for the 2015 financial year to be in the GBP60 million to GBP65 million range, in line with its previous guidance. Analysts are positive on the company, with Investec saying it continues to believe the clothing retailer is capable of delivering sustainable double-digit growth.

Ophir Energy, up 2.1% at 144.3p. According to traders, Jefferies upgraded the oil company to Buy from Hold.

Polymetal International, up 0.2% at 572.5p. Golman Sachs included the precious metals miner in its "Conviction Buy List", lifting its price target to 690p from 670p. Polymental said it has completed an audit of the ore reserves at the Kuytn open pit mining project in Russia but said it is considering its options for the project as it focuses on the Kyzyl project in Kazakhstan. Polymetal said the study, carried out by Snowden Mining Industry Consultants, has confirmed a total open-pit ore reserve estimate of 3.6 million tonnes of ore at 3.3 grams per tonne of gold, translating to 0.4 million ounces of gold.
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FTSE 250 LOSERS
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Bodycote down 6.2%, Ladbrokes down 5.7%, Essentra down 4.0%, Countrywide down 4.0%, Phoenix Group Holdings down 3.7%, Segro down 3.6% and Bovis Homes Group down 3.2%. The stocks are down after they all went ex-dividend, meaning new buyers no longer qualify for the latest dividend payouts.

Euromoney Institutional Investor, down 3.6% at 1,089p. The publishing, events and information company said it expects to post a fall in pretax profit before amortisation and other exceptional items related to acquisitions in its first half to end-March, as challenging market conditions have not improved since its first quarter and it experienced a lower operating margin. N+1 Singer downgraded the company to Hold from Buy, retaining its 1,100p price target, as the broker believes the shares are now fairly valued after a rise in the past month.
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AIM ALL-SHARE WINNERS
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Plexus Holdings, up 20%. The oil and gas engineering services company said it has signed a framework agreement with Chinese oil services company Yantai Jereh Oilfield Services under which the pair will work towards formalising a licence agreement which will allow Yantai Jereh to manufacture and sell Plexus wellhead equipment in the Chinese and wider Asian oil and gas markets. Yantai Jereh will subscribe for shares in Plexus totalling up to 5% of its issued share capital under the arrangement at a price of 180 pence per share.

AFC Energy, up 20%. The industrial fuel cell power company said it has received the first partial building permit in Stade in Germany to build an industrial alkaline fuel-cell facility. The permit will mean AFC can proceed with foundation works and the reinforced steel concrete base at the site, along with support for this work. AFC said it expects construction work to start at Stade next week.

Oilex, up 17%. The oil and gas explorer and producer said construction of the oil and gas construction facilities at the Cambay-73 well in India was progressing well and it hopes the joint venture will be able to start production during May. Oilex has a 45% participating interest in the Cambay field through a joint venture with Gujarat State Petroleum Corporation and Niko Resources.

Metminco, up 13%. The exploration and mining company said it had discovered a "significant copper occurrence" to the southwest of the main deposit at the Los Calatos copper project in southern Peru and it's revising its structural model for the project.

Ironveld, up 8.7%. The company said an application for a mining right for three farms within the vanadium and titanium project in South Africa had been accepted by the country's Department of Mineral Resources. The mining right application covers the Nonnewerth, LaPucella and Altona farms at the project, which is in the Bushveld district of Limpopo Province.
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AIM ALL-SHARE LOSERS
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Arcontech Group, off 26%. The company, which provides financial market data processing and trading services, swung to a first-half pretax profit but warned that its full-year results could be hit as a big customer has asked to end its contract almost two years early. Arcontech said it is uncertain about the level of profitability it can achieve in the current year ending June 30, as a "significant customer" has requested that its contracted be terminated 18 months early. The company said the reasons are "outside of our control".

Scisys, down 11%. The software systems and services provider posted a rise in pretax profit in 2014, but warned that the strength of sterling, uncertainty in public funding ahead of the UK general election and contract deferrals means it expects its performance in 2015 to be flat. However, Scisys reiterated its longer-term target of double-digit margins by the end of 2018, underpinned by top line growth.

By Daniel Ruiz; danielruiz@alliancenews.com

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
11 Jul 2022 14:18

AFC Energy inks deal to deploy 'Power Tower' in London

(Sharecast News) - Hydrogen power technology developer AFC Energy announced on Monday that an agreement has been reached for the deployment of a further 'Power Tower' fuel cell generator system, in support of the decarbonisation of a London-based construction site.

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11 Jul 2022 08:59

IN BRIEF: AFC Energy agrees to deploy Power Tower to Mace Dragados JV

AFC Energy PLC - Surrey-based hydrogen power generation technologies provider - Agrees to deploy Power Tower fuel cell generator system to support the decarbonisation of a London-based construction site. The firm says the Power Tower will be leased to the Mace Dragados JV during the second half of 2022. "This agreement is the basis for a longer-term collaboration to support Mace Dragados' sustainability aspirations through adoption of zero emission energy where grid supply is constrained," AFC notes.

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29 Jun 2022 09:38

AFC Energy shares fall as interim loss widens, CFO Lewis to resign

(Alliance News) - AFC Energy PLC on Wednesday reported its interim pretax loss widening as it announced the resignation of Chief Financial Officer Graeme Lewis in April 2023.

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20 Jun 2022 09:37

AFC Energy partners up with Kier on hydrogen power generator lease

(Alliance News) - AFC Energy PLC on Monday announced a partnership with Kier Group PLC, with an initial lease of AFC's new Power Tower hydrogen power generator units to a construction site in south west England for deployment.

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20 Jun 2022 09:36

AFC inks deal with Kier to deploy hydrogen fuel cell tech

(Sharecast News) - Hydrogen power technology developer AFC Energy announced a partnership with Kier Group on Monday, for the initial lease of its new 'Power Tower' clean hydrogen power generator units for deployment to a UK construction site.

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17 Jun 2022 16:02

UK shareholder meetings calendar - next 7 days

Monday 20 June 
Armadale Capital PLCAGM
Bank of Georgia Group PLCAGM
Globalworth Real Estate Investments LtdAGM
MetalNRG PLCAGM
Midatech Pharma PLCAGM
Silver Bullet Data Services Group PLCGM re fundraise
Venture Life Group PLCAGM
Tuesday 21 June 
1Spatial PLCAGM
Altus Strategies PLCAGM
Coca-Cola HBC AGAGM
FireAngel Safety Technology Group PLCAGM
HC Slingsby PLCAGM
HSS Hire Group PLCAGM
Mission Group PLCAGM
Novacyt SAAGM
Pendragon PLCAGM
RTW Venture Fund LtdAGM
Velocys PLCAGM
Wednesday 22 June 
ASA International Group PLCAGM
Atalaya Mining PLCAGM
Bonhill Group PLCAGM
Chapel Down Group PLCAGM
Churchill China PLCAGM
Downing Renewables & Infrastructure Trust PLCGM re share issue
Ecofin US Renewables Infrastructure Trust PLCAGM
EJF Investments LtdAGM
Frenkel Topping Group PLCAGM
Good Energy Group PLCAGM
Honeycomb Investment Trust PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Iofina PLCAGM
John Wood Group PLCAGM
Kingfisher PLCAGM
LXi REIT PLCGM
Menhaden PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Pennant International Group PLCAGM
Plant Health Care PLCAGM
Skillcast Group PLCAGM
Team PLCAGM
Tribal Group PLCGM re final dividend
Trident Royalties PLCAGM
Vertu Motors PLCAGM
Wentworth Resources PLCAGM
Thursday 23 June 
Avacta Group PLCAGM
Anglo Asian Mining PLCAGM
Card Factory PLCAGM
Cordiant Digital Infrastructure LtdAGM
Downing Renewables & Infrastructure Trust PLCGM re initial placing & open offer
Eight Capital Partners PLCGM re aligning 2022 bonds with 2026 bonds
GENinCode PLCAGM
Ideagen PLCGM re takeover by Hg Pooled Management Ltd
Longboat Energy PLCAGM
Oxford Nanopore Technologies PLCAGM
Puma VCT 13 PLCGM re cancellation of listing & liquidation
RBG Holdings PLCAGM
Tandem Group PLCAGM
Zinnwald Lithium PLCAGM
Friday 24 June 
AFC Energy PLCGM re fees for non-executive directors
Avast PLCAGM
Devolver Digital IncAGM
Entain PLCAGM
Hawkwing PLCAGM
Invesco Bond Income Plus LtdAGM
Life Science REITAGM
Northcoders Group PLCAGM
Princess Private Equity Holding LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
7 Apr 2022 13:36

IN BRIEF: AFC launches new Power Tower EV for portable EV charging

AFC Energy PLC - Cranleigh, England-based hydrogen power generation technologies provider - Launches new hydrogen-fuelled Power Tower EV, which integrates ABB Ltd's alternating current charging solution for the first time. Says it is a specifically designed variant of the Power Tower announced last month, which is a hydrogen power generator unit designed to displace fossil-fuelled generators. Power Tower EV will provide permanent or temporary installations for clean power, wherever grid-based EV charging infrastructure is not viable, says AFC. Says the tower builds on partnership with ABB across e-mobility applications.

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24 Mar 2022 11:51

IN BRIEF: AFC Energy launches power generator unit Power Tower

AFC Energy PLC - Cranleigh, England-based hydrogen power generation technologies provider - Launches Power Tower, a hydrogen power generator unit designed to displace fossil-fueled generators. Says it will be deployed to infrastructure and renewable energy firm Acciona SA and construction engineering company Keltbray Group Holdings Ltd for operation by "the middle of this year." The first Power Tower will be on display at its annual general meeting on April 7th before the release to customer sites.

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14 Mar 2022 11:29

AIM WINNERS & LOSERS: Eqtec enters France; Live Co enjoys KPOP demand

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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14 Mar 2022 10:41

AFC Energy rises on leasing of hybrid fuel cell system to Keltbray

(Alliance News) - AFC Energy PLC shares rose on Monday after the firm said it leased its first hybrid fuel cell system to construction and engineering group Keltbray Group Holdings Ltd for deployment to a UK construction site.

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14 Mar 2022 09:38

AFC Energy inks fuel cell deal with construction firm Keltbray

(Sharecast News) - Hydrogen power generation technology company AFC Energy announced a collaboration with construction and engineering group Keltbray on Monday, for the lease of its first fuel cell for deployment to a UK construction site.

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9 Mar 2022 13:36

AFC Energy confident after reporting wider losses

(Sharecast News) - Hydrogen power technology company AFC Energy reported an improved year-end cash balance of £55.4m in its final results on Wednesday, up from £31.3m a year earlier.

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9 Mar 2022 11:24

AFC Energy widens annual pretax loss as it ups investment

(Alliance News) - AFC Energy PLC said on Wednesday its annual loss widened, but it noted increased investment in its facilities, team and products.

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1 Mar 2022 20:32

TRADING UPDATES: Hutchmed in Macau boost; UP Global success in Germany

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

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1 Mar 2022 13:01

AFC progresses fuel cell deployment with Acciona in Spain

(Sharecast News) - Hydrogen power generation technology company AFC Energy updated the market on the status of its fuel cell field deployment in Spain with its partner, Acciona, which would take place at a construction site north of Cadiz.

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