27 C
Dubai
Friday, November 29, 2024
spot_img

Petrofac wins $700 million UAE contract

[ad_1]

(Alliance News) – The following stocks were the top risers and losers among small-cap stocks in London’s main market on Friday.

———-

Small Cap Stocks – Winners

———-

Petrofac Ltd rose 8.1 percent to 79.5 pence, with a 12-month range of 45.38 pence to 127.6 pence. The energy infrastructure company won contracts worth about $700 million. ADNOC Gas Processing Company, a subsidiary of ADNOC, has chosen to design, procure and build a new gas processing plant at ADNOC’s Hab Hill complex, west of Abu Dhabi. The new plant will include three natural gas compressor trains and support a significant increase in Mount Hab’s natural gas production.

———-

Pod Point Group Holdings PLC rose 3.7 percent to 69.99p, a 12-month change of 46p to 159.8p. The electric vehicle charging infrastructure provider has signed a partnership agreement with UK Electricity Networks. Flexibility services will be provided by adjusting EV charging schedules to help match renewable energy generation. With user permission, Pod Point will schedule electric vehicle charging away from peak hours, which will help balance the grid, Pod Point said.

———-

Small Caps – Losers

———-

Oxford BioMedica PLC, down 2.1% to 411p, with a 12-month range of 276.62p-575p. Investment bank Numis restarts coverage of gene and cell therapy group with ‘reduction’.

———-

By Elizabeth Winter, Senior Market Reporter, Alliance News

Comments and questions please send to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. all rights reserved.

[ad_2]

Source link

Related Articles

Hatta Unveils World’s Largest Mosaic Artwork: The Majestic Zayed and Rashid Mural

Hatta Zayed and Rashid Mural Becomes the World’s Largest Mosaic Artwork In a remarkable celebration of art, history, and culture, Hatta, a picturesque mountain town...

UAE AI Awards: Sheikh Mohammed Celebrates Innovators Leading the Nation’s AI Transformation

UAE AI Award Winners: Paving the Way for Transformative Innovation in Business and Public Service Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and...

UAE Operation ‘Chivalrous Knight 3’: Over 121 Aid Shipments Delivered to Gaza Amid Humanitarian Efforts

UAE has reinforced its dedication to humanitarian relief through the ongoing effort known as Operation ‘Chivalrous Knight 3.’   This initiative has seen the UAE dispatch...

With an eye towards its IPO on Nasdaq and Euronext, AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets...

AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets (GEM) About AAD Invest Group – Nov 2024 Founded in January 2024...

UAE Strengthens Global Ties: President Welcomes Qatari Prime Minister, While Crown Prince Leads at G20 in Brazil

UAE is making significant strides in strengthening its international relations, with recent diplomatic activities highlighting the country's growing influence on the global stage. In a...

Latest Articles