Playtech (PTEC)shares tick up 8.03% to 631.25p as it receives rebound takeover offer
Following speculation, the company confirmed that it has been approached by a Hong Kong advisory group representing a group of unknown investors considering a bid for the business.
The approach follows Wednesday’s news that Aristocrat Leisure’s bid for the gambling software firm had fallen through after shareholders rejected the £2.1billion takeover offer.
Aristocrat, an Australian gaming firm, had needed approval from 75% of shareholders at yesterday’s meeting however less than 55% of votes were cast in favour of the takeover.
Creo Medical Group (CREO) shares jump 27.43% to 151p after revenue beats forecasts
The medical device company, which is focused on the field of surgical endoscopy, expects to report revenue for the year to 31 December 2021, ahead of expectations, at just over £25m.
Creo said it has continued to build momentum through sustained commercial progress during 2021 despite COVID-19 related challenges, as group revenue from its core product portfolio continues to grow in-line with cumulative revenue forecasts set out back in December 2016.
As at 31 December 2021, the Company had a net cash position of approximately £44 million.
“With our strong cash position and clear strategy, Creo Medical Group is well positioned to deliver shareholder value in 2022,” the group’s CEO, Craig Gulliford, told investors today.
Invinity Energy Systems (IES) shares rose 24.03% to 80p following latest battery sale
Invinity, which manufactures utility-grade energy storage, has sold a 8.4 MWh Invinity VS3 flow battery to Elemental Energy to use for a utility-scale energy project in Alberta, Canada.
The project, which is at an advanced stage of development currently, will couple 8.4 MWh of Invinity VS3 vanadium flow batteries with 21 MWp of solar generation to generate enough low-carbon electricity to serve the daily needs of more than 7,000 Albertans, it reported.
It also confirmed that the shipping and final commissioning of previously announced projects in the UK, USA, Australia and Asia continues to progress in line with previous guidance.
The majority of the revenue associated with these projects - 17.6 MWh or 80 VS3 batteries - is expected to be recognised in 2022, with circa £3m being already accounted for in 2021.
PetroNeft Resources (PTR) shares rise 22.64% to 3.25 following Director stock purchase
Today, the Russian-focused oil & gas exploration and production firm PetroNeft announced that its Non Executive Director, Eskil Jersing, has purchased more shares in the company.