Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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
5 Jun 2015 13:22

DIRECTOR DEALINGS SUMMARY: Rose Sells Booker As He Joins Quindell

Read more
4 Jun 2015 15:34

Driver CEO buys 50,000 shares

Driver said on Thursday that its chief executive David Webster purchased 50,000 shares in the construction consultancy at 55p each, spending a total of £27,500. Following the transaction, Webster holds 2.05m shares in the group, which represents about 6.6% of the issued share capital. On Tuesday, t

Read more
4 Jun 2015 08:42

DIRECTOR DEALINGS: Driver Group CEO Buys 50,000 Shares

Read more
2 Jun 2015 12:40

Driver Group posts £2.1 first-half loss

Construction consultancy Driver Group posted a £2.1 loss before tax for the first half of this year, compared with £1.3m profit in 2014 as a result of its operations in Africa, Asia and the Middle East. The company said that the implementation of business support functions in those regions and a rev

Read more
2 Jun 2015 08:04

Driver Group Swings To Loss On Restructuring, Contract Delays

Read more
8 Apr 2015 08:24

Driver Group Opens New Office In Paris To Back European Expansion

Read more
25 Feb 2015 12:56

UK MIDDAY BRIEFING: Tesco-isation Of Morrisons Management Complete

Read more
25 Feb 2015 11:38

UK WINNERS & LOSERS: AO World Shares Dive On Profit Warning

Read more
25 Feb 2015 11:36

Driver Group falls on contract delays and cancellations

Driver Group chairman Alan McClue, warned that the construction and engineering consultancy will fall short of its annual expectations because of contract delays and cancellations. Late in 2014, the group appointed a new chief operating officer for its Africa, Asia and Middle East operations, who wa

Read more
25 Feb 2015 08:33

UK MORNING BRIEFING: Weir Group Falls On Poor 2015 Outlook

Read more
25 Feb 2015 08:30

Driver Group Shares Plunge After Profit Warning For Contract Delays

Read more
25 Feb 2015 06:13

UK AGM, EGM Calendar - Week Ahead

Read more
24 Feb 2015 16:07

UK AGM, EGM Calendar - Week Ahead

Read more
24 Feb 2015 06:19

UK AGM, EGM Calendar - Week Ahead

Read more
23 Feb 2015 16:04

UK AGM, EGM Calendar - Week Ahead

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.