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Pin to quick picksEnquest Share News (ENQ)

Share Price Information for Enquest (ENQ)

London Stock Exchange
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Share Price: 15.00
Bid: 15.08
Ask: 15.16
Change: -0.42 (-2.72%)
Spread: 0.08 (0.531%)
Open: 15.10
High: 15.42
Low: 14.96
Prev. Close: 15.42
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SMALL-CAP WINNERS & LOSERS: EnQuest rises on GBP46 million sale

Fri, 22nd Dec 2023 09:51

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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EnQuest PLC, up 8.0% at 15.37 pence, 12-month range 11.87p-24.05p. Shares in the oil and gas producer jump. Says it has reached agreement with Viaro Energy's subsidiary, RockRose UKCS 10 Ltd, to sell a 15% working interest in each of the Bressay field and the EnQuest Producer floating production, storage and offloading vessel, both located in the UK North Sea. EnQuest will receive GBP46.0 million for the sale, including an initial payment of BP34.8 million and a further payment of GBP11.3 million.

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Capital Ltd, up 2.0% at 85.71, 12-month range 74.00p-118.00p. The mining services company adds to Thursday's gains. On Thursday, Capital reported the largest contract award in the history of a majority-owned subsidiary. MSALabs, a geochemical laboratory services provider, won a contract worth USD140 million over five years, with annual revenue of USD30 million once fully operational. The contract is for comprehensive lab services with Nevada Gold Mines in the US. "This long-term contract entrenches MSALabs presence in the Americas, both operationally given the full suite of services across preparation, PhotonAssay, fire assay and multi-element chemistry at a major operation, and also geographically, expanding its footprint in the Americas from its multiple laboratories across Canada and South America," Capital said.

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SMALL-CAP - LOSERS

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Superdry PLC, down 1.2% at 32.85p, 12-month range 28.1p-168.00p. Shares in the clothing retailer fall, following a disappointing update from Nike Inc, which also dragged down shares in other London clothing retailers. Nike shares fell 12% in after-market trading in New York. Nike warns it expects a "softer" second-half revenue outlook but emphasised it remained focused on "strong" gross margin execution and disciplined cost management. Regarding costs, the sportswear company says it "is identifying opportunities to deliver up to USD2 billion in cumulative cost savings over the next three years. Areas of potential savings include simplifying our product assortment, increasing automation and use of technology, streamlining our organization, and leveraging our scale to drive greater efficiency."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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