Marshall Motor, up 43.1%, announced that Constellation Automotive Holdings Limited has made a cash offer of 400p per share for the entire issued and to be issued share capital of the company. Meanwhile, the company’s largest shareholder Marshall of Cambridge (Holdings) Ltd., which owns 64.4% of the company's shares, has already said that it would accept the offer.
Oracle Power, up 23.9%, announced that it has completed preliminary technical study in partnership with PowerChina International Group Ltd to establish key technical and commercial contours for the delivery of 400MW capacity hydrogen plant, with planned hydrogen production of approximately 150,000kg per day in Pakistan.
Feedback, up 9.1%, announced that it has appointed Anesh Patel to the Board of Directors as Chief Financial Officer and Company Secretary, with immediate effect. Separately, the company announced that it has raised £11.2m in aggregate through the issue of 1,599,999,991 new ordinary shares pursuant to the placing and open offer.
Checkit, up 8.5%, announced that its general meeting would be held at Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT on 16 December 2021 at 10.00 am.
Gaming Realms, up 3.7%, announced that it has gone live in the Romanian online gaming market for the first time through an exclusive partnership with Superbet. The partnership and programmatic launch campaign with Superbet aims to provide maximum exposure of Slingo content to Romanian players over the first months of operation with continuous content roll out, expanded marketing and streaming initiatives.
GRC International Group, unchanged at 31.5p, announced that it would release its interim results for the six months ended 30 September 2021 on 14 December 2021.
IQGeo Group, unchanged at 132p, announced that it has officially introduced new Network Manager Electric and Network Manager Gas software solutions. These products are fully optimised for the needs of electric and gas network operators, providing the industry's most agile and efficient planning, design, and workflow solutions.
UK markets ended mostly lower last week, amid worries over the new Omicron variant of the Covid-19. On the data front, UK’s services PMI declined in November, while the nation’s manufacturing PMI rose less than expected in November. Meanwhile, the BRC shop price index rose in November, registering its first annual increase since May 2019, while UK’s house prices recorded a double-digit growth in November, amid robust demand. Moreover, UK’s consumer spending rose in September, driven by continued recovery from the Covid-19 pandemic. The FTSE techMARK 100 index lost 0.9% to end at 6603.6, while the FTSE AIM 100 index fell 0.3% to close at 5807.6. Meanwhile, the FTSE 100 index advanced 1.1% to settle at 7122.3.
US markets ended lower in the previous week, after US Federal Reserve (Fed) Chair Jerome Powell warned that the Omicron variant posed downside risks to the US economy. On the macro front, the US nonfarm payrolls rose less than expected in November, while the US consumer confidence index dropped to a 9-month low in November, amid concerns over rising inflation and a pickup in Covid-19 cases. Also, the Chicago Purchasing Managers’ Index declined in November, recording its lowest level since February.
On the other hand, the ADP employment climbed for a third straight month in November, while the US weekly jobless claims rose less than expected in the week ended 26 November 2021, indicating signs of improvement in the labour market. Additionally, the nation’s unemployment rate fell more than expected in November, while pending home sales rose in October. Separately, the US Beige Book reported the US economy grew at a modest to moderate pace through mid-November. The DJIA index fell 0.9% to end at 34580.1, while the NASDAQ index lost 2.6% to close at 15085.5.