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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.

More News
9 Nov 2022 13:09

Harland & Wolff enters term sheet to refinance credit lines

(Sharecast News) - Strategic infrastructure and physical asset management specialist Harland & Wolff has entered into an exclusive term sheet with Astra Asset Management UK, it announced on Wednesday, for the proposed refinancing of its credit lines.

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7 Nov 2022 11:43

IN BRIEF: Harland & Wolff Group Islandmagee court hearing delayed

Harland & Wolff Group Holdings PLC - London-based offshore construction company - Says court has delayed its hearing for its Northern Island-based Islandmagee gas storage project, so all affidavits could be submitted in "good order". An affidavit is a sworn written statement used in legal proceedings.

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27 Oct 2022 21:41

CORRECT: Nanoco files suit; Harland & Wolff activates facility

(Correcting name of Bluejay Mining director who resigned.)

Read more
26 Oct 2022 21:14

TRADING UPDATES: Nanoco files suit; Harland & Wolff activates facility

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

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30 Sep 2022 17:32

EARNINGS UPDATES: Harland & Wolff interim revenue climbs

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

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23 Aug 2022 08:48

IN BRIEF: Harland & Wolff's Arnish wins export deal with mining firm

Harland & Wolff Group Holdings PLC - London-based offshore construction company - Says its Arnish yard has won an export contract with unnamed Greenland-based mining company. Says work will involve fabricating four ground anchor frames and A-space frames, along with other steel components. Harland & Wolff says these frame components will "make up part of the barge mooring system located at the Greenland based mine and will allow the barges to moor at the quayside."

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16 Aug 2022 15:17

Harland & Wolff maintains guidance, looks to strong growth

(Sharecast News) - Harland & Wolff maintained its guidance for the current year on Tuesday, having won three material contracts in quick succession, being the first phase of Cory at £8.5m, the second phase at £9.6m, and the M55 regeneration programme at £55m.

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16 Aug 2022 15:17

Harland & Wolff maintains guidance, looks to strong growth

(Sharecast News) - Harland & Wolff maintained its guidance for the current year on Tuesday, having won three material contracts in quick succession, being the first phase of Cory at £8.5m, the second phase at £9.6m, and the M55 regeneration programme at £55m.

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16 Aug 2022 10:42

Harland & Wolff "remains comfortable" with financial 2022 guidance

(Alliance News) - Harland & Wolff Group Holdings PLC on Tuesday said it "remains comfortable" with market guidance for financial year 2022 and outlined its plans for the next two years.

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19 Jul 2022 11:15

Harland & Wolff wins second contract with Cory worth GBP9.6 million

(Alliance News) - Harland & Wolff Group Holdings PLC on Tuesday said it has won an additional contract with Cory Group for the fabrication of 12 barges.

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13 Jul 2022 13:04

Harland & Wolff wins £55m defence contract

(Sharecast News) - Maritime infrastructure company Harland & Wolff Group has been awarded the M55 regeneration programme contract by the Ministry of Defence, it announced on Wednesday, on behalf of the Lithuanian Defence Materiel Agency (DMA) after a competitive bid process.

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13 Jul 2022 12:05

LONDON MARKET MIDDAY: Markets uneasy ahead of US inflation data

(Alliance News) - European stocks stumbled into the afternoon in negative territory on Wednesday, with equities showing signs of discomfort ahead of a US inflation print later.

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13 Jul 2022 11:22

Harland & Wolff shares surge on GBP55 million defence contract win

(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday said it is delivering a vessel to the Lithuanian Navy after winning a contract from the UK's defence equipment sales authority, part of the Ministry of Defence.

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29 Jun 2022 21:29

TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays

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

Read more
17 Jun 2022 15:55

UPDATE: Strike action called off at Harland & Wolff's Methil facility

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said that strike action at its Methil facility has been called off.

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