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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: 9.125
Bid: 8.75
Ask: 9.50
Change: 0.00 (0.00%)
Spread: 0.75 (8.571%)
Open: 9.25
High: 9.25
Low: 9.25
Prev. Close: 9.25
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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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17 Jun 2022 12:19

IN BRIEF: Harland & Wolff faces strike at Methil facility

Harland & Wolff Group Holdings PLC - Belfast-based offshore construction company - Says local representatives of the trade unions GMB and Unite have decided to call a "wildcat strike" of the workforce at its Methil facility in Scotland. Explains that it sought legal advice and is convinced that the strike is illegal. Plans to engage in discussions with the local trade union representatives in order to reach a "mutually agreed position" and start negotiations on a collective bargaining deal as quickly as possible.

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10 Jun 2022 14:29

Harland & Wolff completes work on vessel as it builds growing pipeline

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said that works on the Queen Victoria vessel were complete, as it looks forward to building its pipeline in the cruise industry.

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1 Jun 2022 12:12

Harland & Wolff buys vessel from MoD; secures GBP8.5 million contract

(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday said it bought a former mine hunting class vessel from the UK Ministry of Defence and reported a contract win for barges fabrication.

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23 May 2022 11:24

IN BRIEF: Harland & Wolff loss widens in 17-month period

Harland & Wolff Group Holdings PLC - Belfast-based offshore construction company - Posts results for the 17-month period ended December 31, 2021 compared to 12 months ended July 31, 2020.

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13 Apr 2022 19:46

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11 Apr 2022 18:03

IN BRIEF: Harland & Wolff wins dry dock contract for two cruise ships

Harland & Wolff Group Holdings PLC - Belfast-based offshore construction company - Says its subsidiary, Harland & Wolff Belfast Ltd, has ben awarded a dry dock contract for two cruise ships from P&O Cruises and Cunard. The ships will occupy the Belfast drydock for 33 days. Company says the ships mark "another milestone" in its "re-activation strategy". Harland & Wolff does not disclose the financial details of the contract.

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

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(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

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16 Mar 2022 15:11

IN BRIEF: Harland & Wolff confirms no legal action against subsidiary

Harland & Wolff Group Holdings PLC - Belfast-based specialist in ship repair, conversion and offshore construction - Responds to recent speculation and states that there is no legal action being taken against its subsidiary Harland & Wolff Methil Ltd by Her Majesty's Revenue & Customs.

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9 Mar 2022 17:56

IN BRIEF: Harland & Wolff signs USD70 million green loan facility

Harland & Wolff Group Holdings PLC - Belfast-based specialist in ship repair, conversion and offshore construction - Enters USD70 million green term loan facility, which will go towards supporting its working capital and expenses for the fabrication of wind turbine generator jackets for the NnG offshore wind project.

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Harland & Wolff annual loss widens as shipyard costs increase

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