Crest Nicholson Holdings (CRST) shares ticked up 4.09% to 429p as it raises profit guidance
Shares in the British house building company jumped on Monday after the group declared an interim dividend and raised its guidance last week following a return to profit for the business.
For HY21, Crest swung to pre-tax profit of £36.3m vs a loss of £51.2m in 2020. Revenue also rose to £324.5m (HY20: £240.0m) while home completions increased to 1,0171 (HY20: 775).
As a result, Crest declared an interim dividend of 4.1p per share which it said reflects its confidence in its outlook. The Board said it expects FY21 profit to be at least £100.0m.
Hurricane Energy (HUR) shares soared 23.75% to 2.619p while High Court rules against restructuring plan
The UK based oil and gas company has informed investors that the High Court of Justice of England and Wales has chosen not to sanction the London-listed firm’s restructuring plan.
In response, Hurricane’s Directors say they are ‘considering all options, including an appeal’, adding that the restructuring plan can not be implemented unless successfully appealed.
Hurricane’s Board originally proposed the plan in April following talks with bondholders. At its GM in June, 92% of shareholders voted against a resolution to approve the restructuring plan.
Zinnwald Lithium (ZNWD) shares jumped 22.73% to 20.25p as it hails project progress
Ahead of its AGM, the German-focused lithium development firm said it is well positioned to be ‘an important supplier of value-added downstream battery grade lithium products.’
The group said it continues to see progress at its now 100% owned Zinnwald Lithium Project where recently uncovered initial results at the project were ‘highly encouraging and showed the potential to produce a high purity, battery grade product that is low in contaminants.’
Zinnwald believes having full operational control of the project has significant benefits, including providing its shareholders with greater exposure to the Project's long-term value.
Cambridge Cognition (COG) shares rose 19.27% to 164p after securing £2.2m contract
The technology company announced that it has been selected as the cognitive assessment partner for a large at-home study in a contract worth £2.2 million. The Company said this is the second, large, at-home cognitive testing contract the group has secured in two months.
Cambridge Cognition said revenue from the contract is expected to be recognised by the Company over three years beginning in 2H21. In delivering the contract, the Company will deploy web-based cognitive assessments (CANTABTM) monthly where participants will be asked to periodically undertake short digital cognitive assessments up to three times a day.
Playtech (PTEC) shares fell 4.91% to 445.4p
Last month, the company announced the sale of its financial trading business, Finalto. The gambling-focused technology group said the transaction, which is expected to be completed in Q4 2021, will increase Playtech's unrestricted cash by approximately US$200 million.
The stock is worth nearly twice its value from a year ago after a year of continued ‘significant progress’ across the US, Latin America, and Europe, the company’s key growth markets.
“Our technology and product offering is unrivalled and we have a clear growth strategy to expand the geographic reach of our Core B2B business,” said CEO, Mor Weizer.