The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGenel Energy Share News (GENL)

Share Price Information for Genel Energy (GENL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 94.20
Bid: 93.60
Ask: 94.70
Change: 2.10 (2.28%)
Spread: 1.10 (1.175%)
Open: 91.00
High: 94.60
Low: 91.00
Prev. Close: 92.10
GENL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Caffyns To Reopen Showrooms As Curbs Ease

Wed, 27th May 2020 13:10

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Wednesday and not separately reported by Alliance News:

----------

Caffyns PLC - motor dealer - Has restarted aftersales operations and showrooms will reopen on June 1 after UK government eased lockdown measures. Made cost savings, furloughed 80% of employees in April and implemented annual salary ceiling of GBP37,5000 for all employees, including chair and executive directors.

----------

Walker Greenbank PLC - furnishings - Phased restart to manufacturing in UK factories which were previously closed due to Covid-19 lockdowns. Furloughed staff also returning.

----------

Avation PLC - aircraft leasing - Says formal sales process terminated as not likely to deliver result which reflects company's "long-term value". Adds Covid-19 has continued to disrupt business activities.

----------

Cambridge Cognition Holdings PLC - neuroscience technology - Won several new contracts with pharmaceutical clients to deliver virtual clinical trials. Notes that movement curbs as a result of Covid-19 has hurt patient recruitment for trials forcing some to turn to remote trialling. Cambridge Cognition says contracts worth GBP1 million.

----------

Nuformix PLC - pharmaceutical development - Says GBP1.3 million equity fundraise from last year and low operating costs make it "well-placed" to cope with Covid-19 hurt. Notes it may miss out of a GBP2.5 million payment from Chinese partner Newsummit Biopharma, which has fallen out with its own parent company. Teams with New York-listed VistaGen Therapeutics to develop crystalline versions of the latter's central nervous system medication candidates.

----------

Vectura Group PLC - inhaler maker - Backs expectations and financial guidance after making "positive start to trading in 2020". To execute second GBP10 million trance of GBP20 million buyback. Hails "strong balance sheet", with undrawn GBP50 million revolving credit facility leaving "resilient" in the face of Covid-19 risks.

----------

FireAngel Safety Technology Group PLC - fire safety products - Reports revenue for April was "some way" ahead of revised expectations and revenue May on track for the same. Expects "quick rebound" in demand as construction sector ups tools again following lockdown. Continues cost-cutting, including furloughing employees and extended executive director pay reduction for a further two months.

----------

Christie Group PLC - financial and stock & inventory services - Accepts UK Coronavirus business interruption loan scheme financing of GBP6 million. Says Executive Director Chris Day delays retirement and will now step down no later than September 30.

----------

Vitec Group PLC - photography and video products - Says customer demand still impacted by pandemic but recovering in China after initial hit. Says revenue for the first quarter was down 20% year-on-year with revenue in April alone down 60% annually but notes signs of improvement in May.

----------

ECSC Group PLC - cyber security services - Launches Nebula cyber security breach detection service. ECSC says Covid-19 has caused a reduction in consulting bookings, with some clients also delaying projects. Says no reduction in managed services recurring revenue.

----------

Centaur Media PLC - events and marketing - Reports "strong demand" in its online learning courses but notes sharp fall in revenue in telesales business. Still planning to run The Festival of Marketing, The Lawyer Awards and The Lawyer General Counsel Summit events in the second half of the year but notes these could be affected by social distancing requirements.

----------

Blencowe Resources PLC - mining - Mobilising drill teams to northern Uganda site as travel restrictions ease. Reviewed geophysical survey at the Orom-Cross graphite project and has a identified new "high-grade zone".

----------

Ironveld PLC - vanadium developer - Says USD3.2 million financing from Inclusive Investment Group delayed by lockdown restrictions in South Africa. IIG's subscription option for 440.2 million shares for 0.42 pence each expires on June 17 but Ironveld says it is in talks to extend deadline.

----------

Genel Energy PLC - oil producer - Says gross production at the Tawke licence in the Kurdistan region of Iraq is expected to average 100,000 barrels of oil per day in 2020. Says second quarter output down 13% quarter-on-quarter to 100,000 bopd from 115,210 bopd.

----------

Merian Chrysalis Investment Co Ltd - investment company - Net asset value per share at March 31 down 4.1% to 108.65p from 113.3p reported at the end of September. Says digitally-enabled companies have seen less of a trading hit due to Covid-19, and Merian notes fall in equity markets in period to March but "strong rebound" since.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
19 Mar 2019 15:24

Wednesday preview: US Federal Reserve, Kingfisher and Genel in focus

(Sharecast News) - Barring surprise developments on the Brexit front - or elsewhere - the market spotlight will shift towards the US Federal Reserve on Wednesday.

Read more
14 Mar 2019 12:54

Independent Oil & Gas Hires Genel CFO Ikaheimonen As Non-Executive

LONDON (Alliance News) - Independent Oil & Gas PLC on Thursday said it appointed Esa Ikaheimonen as senior independent non-executive director with immediate effect.The development and a

Read more
13 Mar 2019 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 14 March Brooks MacdonaldHalf Year ResultsKin & CartaHalf Year Year & 15

Read more
28 Jan 2019 13:28

Monday broker round-up

(Sharecast News) - National Express Group: Liberum upgrades to buy with a target price of 470p.

Read more
15 Jan 2019 10:25

Genel Energy puts in solid performance in 2018

(Sharecast News) - Genel Energy issued a trading and operations update in advance of its full-year 2018 results on Tuesday, reporting that $335m of cash proceeds were received during the year - an increase of 27%, with $98m being received in the fourth quarter.

Read more
20 Nov 2018 14:00

Tuesday broker round-up

(Sharecast News) - Coats: RBC Capital Markets initiates at outperform with a target price of 110p.

Read more
20 Nov 2018 09:40

BROKER RATINGS SUMMARY: Exane BNP Raises Reckitt To Outperform

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Monday afternoon and Tuesday morning:----------FTSE 100----------RBC RAISES TO - TO

Read more
8 Oct 2018 15:57

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 9 October GreggsTrading Statement CentaminFull Year GroupFull Year

Read more
28 Aug 2018 13:05

Tuesday broker round-up

(Sharecast News) - John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.

Read more
10 May 2018 16:16

UK Shareholder Meetings Calendar - Next 7 Days

Friday 11 MayBBA AviationMan GroupRSA Insurance GroupJohn Wood Advanced 14 15 Pacific

Read more
23 Mar 2018 05:15

African Markets - Factors to watch on March 23

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - EVENTS: *IMF&Rwanda for

Read more
22 Mar 2018 10:42

UPDATE: Genel Energy Gets Further Kurdistan Payment As Earnings Soar

LONDON (Alliance News) - Oil producer Genel Energy PLC on Thursday received a further payment for oil produced in Kurdistan, as it reported a profit for a

Read more
22 Mar 2018 09:35

Genel Energy Earnings Soar On Kurdistan Payments Despite Lower Output

LONDON (Alliance News) - Oil producer Genel Energy PLC on Thursday reported a profit for 2017 after a huge loss in the year before as exploration costs plummeted and it for a

Read more
22 Mar 2018 08:38

Genel might starting drilling in Somaliland in 2019 -CEO

LONDON, March 22 (Reuters) - Kurdistan-focused Genel Energy might start drilling in Somaliland next year, Chief Executive Murat Ozgul said on Thursday, as

Read more
22 Mar 2018 07:43

UPDATE 1-UK Stocks-Factors to watch on March 22

March 22 (Reuters) - Britain's FTSE 100 index is seen opening 22 points lower on Thursday, according to financial bookmakers, with futures down 0.4 pct ahead of the cash a

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.