Computacenter (CCC) shares ticked up 2.08% to 3,041p despite supply shortages
The British IT services company said it continues to face a global shortage of electronic components and that it expects supply issues to last until the next year as a result.
Whilst the firm’s result for the half-year has benefited from £541.9m of revenue (1H20: nil), and £6.8m of adjusted profit before tax (1H20: nil), resulting from all acquisitions made since 1 January 2020, it said has experienced significant operational impacts due to the pandemic.
"The ongoing supply shortages in the industry has risen to the top of our challenges," said CEO, Mike Norris, adding that he would “embrace the future with optimism and confidence.”
Hardide (HDD) shares soared 37.50% to 38p after winning its first order for turbine blades
Today, a major European manufacturer of steam and gas turbines for power generation has placed its first production order for the Hardide-A coating on gas turbine compressor blades.
Hardide will process the blades before the end of 2021 and install a high efficiency, low emission, gas turbine in early 2022 as part of this initial contract valued at around £0.2m.
The win marks Hardide’s first production order for power generation turbine blades. It said there is ‘significant potential’ for further developments in the gas and steam turbine sector.
Aura Energy (AURA) shares jumped 12% to 14p as the price of uranium surged
The stock jumped as the price of uranium, the commodity used to fuel nuclear power plants, surged. According to Bloomberg, the commodity reached $40.25 per pound, the highest level since 2014, ‘due in part to a single fund aggressively trying to corner the physical market.’
Aura is currently focused on developing its Tiris uranium deposit in Mauritania and recently, it announced a resource upgrade of 10% thereby bringing the total JORC Resource to 56 Mlbs.
Zephyr Energy (ZPHR) shares rose 8.33% to 6.5p as it announces string of acquisitions
On Wednesday, the Rocky mountain-focused oil and gas company announced the acquisition of two additional non-operated near-term production portfolios in the Williston Basin in the US.
The first acquisition purchased 72.5 net acres, resulting in an average 5.6% working interest in four drilled but uncompleted wells operated by Prima Exploration Inc. while the second purchased an average 3.1% WI in 11 wells operated by Whiting Petroleum Corporation.
In addition, the Company also announced the formation of a JV with Purified Resource Partners for the identification and the execution of additional non-operated acquisitions.
easyJet (EZJ) shares fell 10.32% to 706.7p as the airline rejects takeover bid
Today, the airline unveiled a fully underwritten rights issue to raise around £1.2 billion which it believes will help restore its balance sheet position to pre-COVID-19 pandemic levels.
In addition, easyJet also confirmed to investors that it has now unanimously rejected an unsolicited preliminary takeover approach, with the Board noting that the indicative proposal had taken the form of ‘a low premium and highly conditional all-share transaction.’