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IN BRIEF: Harland & Wolff shares surge on vessel refurbishment deal

Mon, 31st Jul 2023 10:59

Harland & Wolff Group Holdings PLC - Belfast-based infrastructure projects operator - Signs a non-binding letter of intent for "major" vessel refurbishment with an unnamed client. Says vessel will be in company's Belfast dry dock for five months. Adds contract is around GBP60 million and GBP70 million. Notes it will receive GBP5 million immediately to start work in the vessel. Says the contract will be formalised in the next two to three months.

Current stock price: 13.26 pence each, up 17% on Monday

12-month change: up 11%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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