focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDriver Grp Share News (DRV)

Share Price Information for Driver Grp (DRV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.00
Bid: 23.00
Ask: 25.00
Change: 0.00 (0.00%)
Spread: 2.00 (8.696%)
Open: 24.00
High: 24.00
Low: 24.00
Prev. Close: 24.00
DRV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: IOG up as first gas delivered at Blythe H2 well

Tue, 13th Jun 2023 09:58

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

----------

AIM - WINNERS

----------

IOG PLC, up 11% at 4.40 pence, 12-month range 3.26p-41.00p. The UK-focused gas producer delivers first gas from the Blythe H2 well. The well is brought onstream in three months and one week from the spud date, versus initial guidance of around three months, despite 34 days lost to the well control event. Company is sending equipment to the rig at H2 to resolve an apparent downhole mechanical blockage. If successful, IOG says this could increase H2 flow rates by around month-end to the 30 to 40 million standard cubic feet per day range that the company had previously guided.

----------

Rockfire Resources PLC, up 5.9% at 0.32 pence, 12-month range 0.13p-0.47p. The Australia and Greece-focused mineral exploration company says that a fourth drill hole has encountered strong zinc continuity as part of its geotechnical drilling programme at the Molaoi zinc deposit in Greece. Explains two lodes have been intersected in the fourth drill hole, reaffirming that multiple lodes are continuous at Molaoi. Chief Executive David Price says: "It's great to see confirmation of high grade zinc occurring in each hole being drilled by Rockfire. The continuity of zinc mineralisation is being confirmed, and the positioning of the zinc lodes in accordance with those encountered during drilling by the Greek government in the 1980s is being affirmed. Zinc grades remain robust. Importantly, the minimum mining width for mechanised mining of 2 metres is still being achieved. This is a critical aspect of mine design and planning for underground extraction."

----------

AIM - LOSERS

----------

Driver Group PLC, down 4.6% at 31.00 pence, 12-month range 23.10p-35.04p. The construction consultancy firm posts a pretax profit of GBP508,000 in the six months ended March 31, up sharply from GBP130,000 the year prior. Revenue, meanwhile, dips to GBP24.2 million from GBP24.4 million. Says it is focused on improving bottom-line in the current financial year after the challenges encountered in the past financial year. Notes "positive progress" in the first quarter of new financial year and says this momentum has "continued and strengthened" in the second quarter. However, says April was slower than expected due to the timing of the Easter weekend and a succession of public holidays.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
10 May 2016 09:37

WINNERS & LOSERS SUMMARY: Paguanta Mine Sale Buys Herencia More Time

Read more
10 May 2016 07:41

Driver Group Issues Profit Warning As Bad Debt Provision Increased

Read more
2 Mar 2016 12:10

Driver crashes after CEO resigns amid revenue worries

(ShareCast News) - Driver Group's chief executive Dave Webster has stepped down from the role after five years, as the company admitted revenue visibility was limited and the UK had endured a slow start to the year. The construction and engineering consultant has seen a number of dispute commissions

Read more
2 Mar 2016 09:27

Driver Group CEO Resigns, Reports Mixed Start To The Year

Read more
25 Feb 2016 16:24

Driver Wins Contract For South Africa Power Plant, Subject To Funding

Read more
24 Feb 2016 16:03

AGM, EGM Calendar - Week Ahead

Read more
8 Dec 2015 10:48

Investment gets in the way of profit for Driver Group

(ShareCast News) - The income rolled in at Driver Group in 2015, but significant investment in the business put paid to profits in its preliminary results to 30 September, announced on Tuesday. Revenue at the AIM-listed construction services firm was up 23% over the period, to £48m. Underlying prof

Read more
8 Dec 2015 09:43

Driver Group Swings To Loss On Restructuring But Revenue Booms

Read more
7 Oct 2015 15:59

DIRECTOR DEALINGS SUMMARY: Driver Group CEO Buys 200,000 Shares

Read more
7 Oct 2015 08:51

DIRECTOR DEALINGS: Driver Group CEO Buys 200,000 Shares

Read more
6 Oct 2015 08:08

Driver Group Says Strong Second Half Leaves Full Year In Line

Read more
30 Jun 2015 10:16

DIRECTOR DEALINGS: Driver Group Non-Executive Buys More Shares

Read more
29 Jun 2015 15:36

DIRECTOR DEALINGS: Driver Group Non-Executive Buys Shares

Read more
26 Jun 2015 13:16

DIRECTOR DEALINGS SUMMARY: Indus Gas CEO Ups Interest To 82.66%

Read more
26 Jun 2015 08:46

DIRECTOR DEALINGS: Driver Group Non-Executive Buys First Shares

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.