Member Info for mick-b

Up 10%

on UK chip security hype

UK chip security hype

23.05p buying now

UP 9%

22.7p

CEO thinks part of the £1 billion tech fund could trickle into them, he says on BBC R4

The United Kingdom announced on Friday its new National Semiconductor Strategy, sharing that up to £1 billion of government investments will be used to boost the country's "strengths and skills in design, R&D and compound semiconductors, while helping to grow domestic chip firms across the UK."

In a statement posted on the country's government website, it was noted that as part of the new twenty-year plan, the government will be investing up to £200 million between 2023 and 2025 to "improve industry access to infrastructure, power more research and development and facilitate greater international cooperation."

"By increasing the capabilities and resilience of our world-leading semiconductor industry, we will grow our economy, create new jobs and stay at the forefront of new technological breakthroughs," UK Prime Minister Rishi Sunak underlined.

Baha Breaking News (BBN) / AY

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Remember when Brexit got done? Rishi Sunak may have believed he had finally fixed Boris Johnson’s messy Brexit deal with the protocol compromise forged in Windsor in February. But it turns out part of Boris’ trade deal could now see the gears grinding to a halt in Britain’s auto industry. The owner of Vauxhall and Peugeot has urged Sunak to engineer some swift changes to the Trade and Cooperation Agreement (TCA) – or they could be forced to shut down UK factories. The government is now lobbying the EU to delay a 2024 deadline for new rules on how much an electric car should be manufactured in the UK. Is Brexit fixable with further fine tuning? Nigel Farage doesn’t think so. He finally admitted the whole enterprise has been an economic “failure” – blaming the Tories for skidding off course. Classic Nigel. A backseat driver if ever there was one.

source - Independent

Up 24%

Plant Health Care (PHC) consultation with shareholders concludes that co will remain listed and support for "further capital to accelerate organic growth, if justified by returns over the current plan".

[SP=10 Cap=31m]

Jam today !

$180m MDA System Contract Signed

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https://www.teletrader.com/europe-rises-premarket-on-us-debt-ceiling-optimism/news/details/60025308?internal=1

Several Senate Democrats have reportedly signed a letter that suggests President Joe Biden should be ready to invoke the 14th amendment to lift the debt ceiling in case there's no bipartisan deal by the end of the month. According to a report published by NBC News on Wednesday, the letter that's being prepared is being led by five Democratic senators, including Elizabeth Warren and Bernie Sanders.

"We write to urgently request that you prepare to exercise your authority under the 14th Amendment of the Constitution, which clearly states: 'the validity of the public debt of the United States...shall not be questioned ... Using this authority would allow the United States to continue to pay its bills on-time, without delay, preventing a global economic catastrophe," the letter noted.

The Democratic legislators oppose the Republicans' budget proposal, which the GOP-controlled House of Representatives passed in late April.

Baha Breaking News (BBN) / ND

Correction...

sold for a quid!

Was worth £800m at its peak.

now sold for a penny piece.

Announces it has agreed to sell “substantially all” of its trading business, assets and liabilities, to Strike. The price agreed is … drum roll please … £1

PURP seems to be retaining the cash pile “up to a maximum of £5.5m”, some of which will be needed to pay costs, and “excluded liabilities” that Strike is not taking on.

The remaining cash is to be returned to shareholders, and the cash shell liquidated. This is described as a “small return” to shareholders.

The AIM listing will be cancelled.

source...Paul Scott comments today

A cabinet rift has opened up over the direction of Rishi Sunak’s government after Suella Braverman sparked fears she is pitching to be prime minister by setting out her hardline, right-wing vision of conservatism.

Levelling up secretary Michael Gove rejected “strident” culture war attacks and warned the Tories that focusing on economic competence was the only way to win the general election, expected in 2024.

And senior Conservatives told The Independent that Ms Braverman was already “overpromoted” and a bad influence on the government – urging Mr Sunak to sack her while he still has the chance.

Warned by fellow Tories to “concentrate on the job”, Ms Braverman is reportedly frustrated that the cabinet has approved only one of her proposals to cut immigration amid infighting on how to tackle the problem.

The home secretary lashed out at “radical gender ideology”, woke activists’ attempts to make Britons “feel terrible about our past” and “the unexamined drive towards multiculturalism” in a wide-ranging speech to the National Conservativism conference.

But cabinet colleague Mr Gove told the same conference on Tuesday that the Tories must recognise that elections are won on economic delivery rather than the “strident” culture war attacks.

source - Independent

Chaarat Gold Signs LOI With Xiwang For Equity Investment Of $250 Mln

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Yea it's been tough times for smaller shares.

Only my large caps have held up

Lo!

U havn't lost you humour then