Investec (INVP) shares ticked up 7.69% to 355.55p as it raises 1H22 guidance
The international banking and wealth management group announced on Monday that it has raised its guidance for earnings per share for the first half of fiscal 2022.
For the six months to 30 September 2021, the company said it expects to report headline EPS in the range of 24.5 to 24.9 pence (33.1-33.6 cents), up from previous guidance of 20.2 pence to 22.7 pence. It posted headline EPS of 9.2 pence for the same period a year prior.
Investec said it will provide full-year guidance in its interim results, expected this month.
Feedback (FDBK) shares jumped 41.56% to 1.107p following £10m placing
Last week, Feedback announced its intention to raise at least £10m to fund growth opportunities in the NHS as well as other healthcare systems in the UK and abroad.
The proceeds will be used to develop the firm’s CareLocker product and its Bleepa platform; to accelerate growth in the UK and manage overseas operations, to undertake a tuberculosis screening pilot study inIndia as well as to explore wider market opportunities in the country.
Whilst within its final results for the 12 months to 31 May 2021 Feedback reported a widened pretax loss and lower revenue for fiscal 2021, the group said it expects next year to be strong.
Touchstone Exploration (TXP) shares jump 22.13% to 143.5p as results exceed expectations
Touchstone published the results of the first of three planned production tests at its Royston-1 exploration well which confirmed a light oil discovery in the lowermost section of the well.
The Company told investors that the initial test confirms the large hydrocarbon column in the well, and it interprets the following two primary testing targets to be liquids rich natural gas.
The results have indicated a flowing light oil opportunity with significant development potential from the bottom 100 feet of the wellbore is a major addition to the Royston area opportunity.
Europa Metals (EUZ) shares rose 14.29% to 6p as it receives approval for grant milestone
Today, Europa Metals announced that all the requisite work documentation submitted to the Spanish Government Centre for the Development of Industrial Technology (“CDTI”) in relation to the Stage 1 milestone of its €466,801.50 innovation grant, has now been approved.
Laurence Read, CEO of Europa Metals said: “It is an exciting time in the Spanish mining industry with significant new cross border investments being made into this region of the EU and we believe partnering to develop potential new processes and technologies with the government, a leading university and suppliers is extremely beneficial as the sector opens up.”