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Pin to quick picksHarland & Wolff Share News (HARL)

Share Price Information for Harland & Wolff (HARL)

London Stock Exchange
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Share Price: 9.20
Bid: 9.00
Ask: 9.50
Change: 0.075 (0.82%)
Spread: 0.50 (5.556%)
Open: 9.125
High: 9.20
Low: 9.20
Prev. Close: 9.125
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AIM WINNERS & LOSERS: Harland & Wolff up on vessel contract upgrade

Fri, 20th Oct 2023 10:15

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

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AIM - WINNERS

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Harland & Wolff Group Holdings PLC, up 13% at 12.75p, 12-month range 5.56p-29.00p. The London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland, says it has been awarded a mid-life upgrade contract for the SeaRose floating production storage and offloading vessel by Cenovus Energy Inc. Harland & Wolff says the contract awarded to its Harland & Wolff (Belfast) arm is valued at around GBP61 million, with the vessel expected to arrive in the first quarter of 2024 and will be in the building dock for a period of more than three months. The contract follows the letter of intent announced at the end of July. Cenovus Energy is an oil and natural gas company headquartered in Calgary, Canada.

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Good Energy Group PLC, up 7.8% at 235p, 12-month range 143.50p-244.18p. The Wiltshire, England-based supplier of 100% renewable power and an innovator in energy services says its chief operating officer, Fran Woodward, has been appointed as director, effective immediately. Woodward has been at the company for the last nine years, and has been COO since December 2020. Chair Will Whitehorn comments: "Fran has been a leader in Good Energy for nearly 10 years. With her experience spanning everything from HR to sales to operations and risk management her knowledge of the company is unparalleled. She has played a vital role in helping drive the company's strategy as well as its positive working culture, making her a very welcome addition to the board."

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AIM - LOSERS

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Ethernity Networks Ltd, down 35% at 0.25p, 12-month range 0.25p-0.39p. The Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances receives a settlement notice for USD90,000 from 5G Innovation Leaders Fund LLC pursuant to share subscription agreement announced in late February. It says 5G Innovation is entitled to issue settlement notices under the agreement despite notifying Ethernity of an event of default and despite Ethernity's ongoing temporary suspension of proceedings. A court in the Israeli city of Lod granted the suspension order on Monday last week, and a settlement manager was appointed to review Ethernity's short-term budget. Ethernity has issued and allotted 37.1 million new shares of NIS0.001 each to 5G Innovations at 0.2 pence each. The remaining outstanding balance under the subscription agreement is USD1.2 million, approximately GBP1.0 million.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Nov 2023 15:05

Harland & Wolff wins first contract for new Miami location

(Sharecast News) - Harland & Wolff Group announced the successful award of a contract valued at $1.5m for its newly established Miami office on Tuesday.

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6 Nov 2023 11:37

Harland & Wolff wins further Cory contract for GBP8.5 million

(Alliance News) - Harland & Wolff Group Holdings PLC on Monday said it won a GBP8.5 million, 10 barge contract from the London-based Cory Group.

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20 Oct 2023 14:14

IN BRIEF: Harland & Wolff notes appeal against Islandmagee judgment

Harland & Wolff Group Holdings PLC - London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland - Notified of an appeal against a judgement made in late August in the company's favour following the completion of the judicial review of its Islandmagee gas storage project. Islandmagee is a salt cavern gas storage facility in Antrim, Northern Ireland. The company obtained a marine licence for the project from Northern Ireland's Department of Agriculture, Environment & Rural Affairs in November 2021. Says it is due to receive a hearing date in the next few weeks with the hearing likely to be scheduled for early 2024.

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20 Oct 2023 08:55

Harland & Wolff gets GBP61 million contract upgrade for SeaRose vessel

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it has been awarded a mid-life upgrade contract for the SeaRose floating production storage and offloading vessel by Cenovus Energy Inc.

Read more
9 Oct 2023 11:45

IN BRIEF: Harland & Wolff to buy tug; proposes new fast ferry service

Harland & Wolff Group Holdings PLC - London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland - Provides update on strategy to establish its own marine operations once it has a critical mass of marine activity to service. As part of this push, it has identified a new tug to acquire, which will be added to two announced earlier this year. The new tug will be used internally and also hired out when not needed. Harland & Wolff also continues to pursue its proposal for fast ferry and freight services to and between the Isles of Scilly. The vessels would be built in the UK and therefore could be eligible for levelling up funding from the UK government.

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15 Sep 2023 17:10

Harland & Wolff inks partnership with Swedish energy systems supplier

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it has signed a new partnership with Echandia, the Swedish energy systems supplier.

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8 Sep 2023 10:15

AIM WINNERS & LOSERS: Power Metal jumps on Perch River discovery

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

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8 Sep 2023 09:39

Harland & Wolff sees revenue surge but half-year loss widens

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said its loss widened in its latest half year despite a 65% revenue boost, but maintained its confident outlook amid "increasingly exciting times".

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31 Aug 2023 12:20

IN BRIEF: Harland & Wolff shares climb on positive judicial review

Harland & Wolff Group Holdings PLC - London-based fabrication company serving maritime and offshore industries from yards in England, Northern Ireland and Scotland - Announces that the judicial review of its Islandmagee gas storage project had been made in its favour. Says it will now assess the judgement in detail and consider the appropriate next steps factoring in the findings of the judgement and the interests of Harland & Wolff's stakeholders. Adds a further announcement will be made "in due course."

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31 Aug 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 edges lower ahead of US inflation print

(Alliance News) - The FTSE 100 tipped into the red at midday on Thursday as investors nervously awaited the latest print of the US Federal Reserve's preferred inflationary gauge, the personal consumption expenditures index.

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30 Aug 2023 11:04

IN BRIEF: Harland & Wolff seeks UK levelling up funds for Scilly ferry

Harland & Wolff Group Holdings PLC - London-based fabrication company serving maritime and offshore industries from yards in England, Northern Ireland and Scotland - Says in advanced stage of pursuing opportunity to build and operate two ferries between Penzance and the Isles of Scilly in Cornwall, England. After three years of design and costing for the boats, Harland & Wolff now will apply for levelling up funding from the UK government. Levelling up funds encourage economic development outside of London. Will seek to operate the ferry route for an initial five-year period, with options for five-year extensions. Notes the current vessel operating the passenger ferry to Scilly, the Scillonian III, was built at Harland & Wolff's Appledore shipyard, which is in neighbouring Devon. Cautions there is no certainty the ferry opportunity will be brought to financial close.

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21 Aug 2023 11:49

IN BRIEF: Harland & Wolff judicial review to be heard next week

Harland & Wolff Group Holdings PLC - London-based engineering company serving the maritime and offshore industries - Issues update on the judicial review of its Islandmagee gas storage project, says case has been listed for judgement on Thursday, August 31. Islandmagee is a salt cavern gas storage facility in Antrim, Northern Ireland. Company obtained a marine licence for the project from Northern Ireland's Department of Agriculture, Environment & Rural Affairs in November 2021.

Read more
3 Aug 2023 16:35

Harland & Wolff establishes new technology division in Aberdeen

(Alliance News) – Harland & Wolff Group Holdings PLC on Thursday established a new fully-owned subsidiary to be based in the UK's "energy capital", Aberdeen.

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1 Aug 2023 16:25

TRADING UPDATES: Chariot oversubscribed from GBP2.3 million fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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