Ceres Power Share News (CWR)

IN BRIEF: Ceres expects 2023 revenue to not include new licence deal

Ceres Power Holdings PLC - clean energy technology developer - Expects 2023 revenue to be around GBP20 million to GBP21 million, down from GBP22 million in 2022. Says this is because it it is unlikely it will sign an agreement with "the most imminent of the new licensees" in time for the associated revenue to be recognised in 2023, despite an agreement "progressing well". Says it is in engaged in a number of discussions with potential licence partners, after noting in September that 2023 would be dependent on the timing of securing new licence partners. Chief Executive Officer Phil Caldwell says: "Despite good progress commercially and growing interest in our [solid oxide electrolyser cell] technology, we have not been able to conclude a new license partnership in this financial year. We remain confident of securing a new commercial partnership in the coming months and we will provide a year-end trading update in January."

TOP NEWS: Hargreaves Lansdown dumped out of FTSE 100; AO joins 250s

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, December 18, after completing its quarterly review.

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

LONDON BROKER RATINGS: Jefferies raises Tullow Oil to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Ceres Power loss widens in first half as it ups R&D investment

(Alliance News) - Ceres Power Holdings PLC on Thursday said revenue rose in the first half but its pretax loss widened as it invested further in research & development.

LONDON BROKER RATINGS: Barclays cuts United Utilities and Severn Trent

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Ceres Power losses widen, but interim revenues rise

(Sharecast News) - Hydrogen fuel cell maker Ceres Power said interim losses had widened and full-year growth was subject to the timing of securing new licencees.

UK earnings, trading statements calendar - next 7 days

TOP NEWS: M&S returns to FTSE 100 after four years, Persimmon exits

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review.

TOP NEWS: M&S set to be FTSE 100 outfit again but Persimmon may fall

(Alliance News) - Marks & Spencer Group PLC is primed to make a return to London's premier FTSE 100 index, roughly three years after the founding member was booted out, with abrdn PLC once again among those making way.

Berenberg stays at 'buy' on Ceres Power, trims target

(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Ceres Power following the company's first half results.

Ceres Power shares drop following delayed China joint ventures

(Alliance News) - Ceres Power Holdings PLC shares were down on Tuesday, after it said it expects yearly revenue growth to be below expectations due to delayed contracts.

LONDON BROKER RATINGS: Auto Trader and Moneysupermarket ratings cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Broker tips: Auto Trader, Ceres Power

(Sharecast News) - JPMorgan Cazenove downgraded Auto Trader on Tuesday to 'underweight' from 'neutral' and cut the price target to 555p from 630p as it pointed to easing momentum in the core business and an unattractive valuation.