Iain Gilbert

5 days ago | sharecast.com | Iain Gilbert

Following FY24 results and the agreement of heads of terms with the UK government on a biomass bridging mechanism, Jefferies updated its model and said it sees increased post-2027 earnings visibility. The bank estimated more than £600.0m of EBITDA for 2027 and beyond, where the new datapoint since its last update in December 2024 was the established contribution from biomass generation where Drax expects around £100.0m-200.0m of EBITDA over the period of the bridging mechanism.

5 days ago | sharecast.com | Iain Gilbert

As of 1240 BST, Dow Jones futures were down 0.35%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.46% and 0.61% weaker, respectively. The Dow closed 54.34 points higher on Friday despite Donald Trump claiming that China had violated their preliminary trade agreement, reviving fears that the US may be on the brink of a protracted trade war.

5 days ago | sharecast.com | Iain Gilbert

Canaccord Genuity noted that 1Spatial's interim earnings had confirmed revenue of £33.4m, up 3% year-on-year, with software & SaaS sales increasing 35% to £11.5m and recurring revenues growing to 62% of total revenue, up from 56% in FY24. Service revenues, on the other hand, declined by -9% due to procurement delays.

5 days ago | sharecast.com | Iain Gilbert

Eagle Eye said the contract, which was for the provision of digital promotional services to a national US grocer, with effect from 2 August, was "high margin in nature", due to its incorporation of CPG-funded offers. The AIM-listed group stated cost reduction programmes to mitigate the impact of the contract loss were already underway. Despite the loss, Eagle Eye said it was "confident" that there would be no impact on its growth opportunities, which remain "strong".

5 days ago | sharecast.com | Iain Gilbert

STOCKS TO WATCH Vodafone Group and CK Hutchison Holdings on Monday said the merger of telecoms firms Vodafone UK and Three UK was successfully completed on May 31. The combined business, named VodafoneThree, will be 51% owned by Vodafone and 49% by CKHGT. Vodafone will fully consolidate VodafoneThree in its financial results. Vodafone UK CEO Max Taylor will lead the merged group, while Three UK's Darren Purkis has been appointed chief financial officer.