Premier Foods (PFD) shares ticked up 6.50% to 108.4p as it reinstates dividend
Shares in the British food manufacturer have increased by over 10% over the past month. The group said last week that it would be offering investors a dividend for the first time in 13 years following an “outstanding” performance during the 53 weeks ended 3 April 2021.
In its FY20/21 results, Premier said it continued to drive its branded growth model during the year. It highlighted to investors that this, along with a robust performance from the company’s supply chain, ensured the business delivered growth ahead of the market.
SIMEC AtlantisEnergy (SAE) shares soar 33.33% to 8.2p as it achieves ‘tidal milestone’
The group, which develops sustainable energy projects on a global scale, announced that its tidal power generation facility in Naru Island has passed the Japanese government's pre-use inspection tests meaning the site is now recognised as an official power generation facility.
The turbine tests, which were successfully passed during one of the strongest tides expected this year, follow an exhaustive process of inspection and verification of both the onshore facility and offshore equipment against national electrical standards, SIMEC said.
The company explained to investors that the pilot is the first large scale project of its kind in Japanese waters and as a result, it has shown how the tidal industry ‘can make a meaningful contribution in Japan's ambition to diversify its energy supply towards renewable sources.’
Jaywing (JWNG) shares rise a further 26.48% to 16p following return to profit
Shares in Jaywing have increased by over 30% in the past three months. While the firm hasn’t released any news today, it did see a return to profitability at the end of 2020.
The integrated data science agency posted its half-year results for the six months ended 30 September 2020 back in December, reporting a significant turnaround in profitability, delivering £1.4m of adjusted EBITDA for 1H20 compared to a loss of £0.6m during 1H19.
‘Despite a fall in revenue primarily brought about by COVID, we have been able to stabilise the business and restore it to both profitability and strong cash flow generation,’ it noted.
Jaywing added that it continues to win new business with new clients including Ikano Bank, Starling Bank, Studio Retail and Costcutter, as well as further business with existing clients.
Looking forward, the group told investors, “We are nonetheless confident that the business is now on a secure footing with the foundations in place for recovery and future growth.”
Wameja Limited (WJA) shares rose 21.31% to 7.4p as it extends scheme sunset date
Shares in the software firm which works in partnership with Mastercard jumped after it said it has extended the sunset date for a scheme with Burst Acquisition, a group controlled by Mastercard Inc, to 18 June 2021, thereby amending the latest deadline which was today.
The extension will provide further time for the documentation and execution of agreements to resolve the potential indemnity claims revealed back in October and November 2020.
‘Wameja understands from Mastercard that agreement in principle has been reached with all relevant parties to resolve the Potential Indemnity Claims which remains subject to the execution of a final settlement agreement among all relevant parties,’ the company said.
Trainline (TRN) shares fall again by 4.94% to 298.20 following news of railway overhaul
The stock continues to shed value (it lost almost one-third of its value on Friday afternoon) after the UK Government outlined new plans to commit to digital ticketing through a new public body which some analysts say will be competing directly with the Trainline’s offering.
Trainline released a statement on Friday afternoon in which it shared its support of the plan’s findings and recommendations, which it said were broadly in line with its expectations.
The company noted to investors that it expects that the plan's proposals, which it says will need to be ‘developed and subsequently implemented over the next several years,’ should improve the experience for rail passengers and drive efficiency for the wider industry.