Top 5 Most Read RNS's on Vox Markets for Wednesday 3rd May 2023
Episode 1384, May 03, 2023, 06:49 AM
Top 5 Most Read RNS's on Vox Markets for Wednesday 3rd May 2023
1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 Update
UK Oil & Gas announce that Pinarova-1 has reached its final depth of 600 metres below surface. Electric logs over both the 9⅝ inch cased hole and 8½ inch open hole section have been acquired and the delivery of a final log interpretation is awaited.
Plans are now being made to run a conventional selective cased hole flow test operation.
2. Prospex Energy PLC - Spain: Project Helios Update 2
Prospex Energy announce that the development of the photovoltaic hybridisation solar project at the El Romeral power plant, known as "Project Helios", which would increase output from the plant by up to 60%, is progressing well ahead of the final investment decision, which is scheduled for consideration in June 2023.
3. Braveheart Inv Group #BRH - Update on investments
Commenting on these updates, Trevor Brown, CEO of Braveheart, said: "Shareholders have had to be patient for longer than we had anticipated but with both Paraytec and Kirkstall now making material progress towards the commercialisation of their technologies your directors are optimistic that their patience will be rewarded."
4. Lloyds Banking Group #LLOY - 2023 Q1 Interim Management Statement
Statutory profit after tax of £1.6 billion (three months to 31 March 2022: £1.1 billion), with higher net income, partly offset by expected higher operating costs. Strong return on tangible equity of 19.1 per cent
Net income of £4.7 billion, up 15 per cent, reflecting ongoing recovery and the higher rate environment
Underlying net interest income up 20%, primarily driven by a stronger banking net interest margin of 3.22% in the three months to 31 March 2023, stable on the fourth quarter of 2022, and increased average interest-earning assets.
5. Card Factory #CARD - Final Results
Cardfactory LFL revenue growth of +6.7% is underpinned by a strong performance in the core business activity of store-based sales and Everyday card ranges, accompanied by strong trading through the Christmas season.
EBITDA of £112.0m (FY22 £85.6m) as the majority of inflationary pressures were offset through a combination of efficiency measures and targeted price increases.
PBT of £52.4m (FY22 £11.1m) includes £3.5 million of one-off benefits due to the release of CJRS provision and refinancing of debt facilities.
1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 Update
UK Oil & Gas announce that Pinarova-1 has reached its final depth of 600 metres below surface. Electric logs over both the 9⅝ inch cased hole and 8½ inch open hole section have been acquired and the delivery of a final log interpretation is awaited.
Plans are now being made to run a conventional selective cased hole flow test operation.
2. Prospex Energy PLC - Spain: Project Helios Update 2
Prospex Energy announce that the development of the photovoltaic hybridisation solar project at the El Romeral power plant, known as "Project Helios", which would increase output from the plant by up to 60%, is progressing well ahead of the final investment decision, which is scheduled for consideration in June 2023.
3. Braveheart Inv Group #BRH - Update on investments
Commenting on these updates, Trevor Brown, CEO of Braveheart, said: "Shareholders have had to be patient for longer than we had anticipated but with both Paraytec and Kirkstall now making material progress towards the commercialisation of their technologies your directors are optimistic that their patience will be rewarded."
4. Lloyds Banking Group #LLOY - 2023 Q1 Interim Management Statement
Statutory profit after tax of £1.6 billion (three months to 31 March 2022: £1.1 billion), with higher net income, partly offset by expected higher operating costs. Strong return on tangible equity of 19.1 per cent
Net income of £4.7 billion, up 15 per cent, reflecting ongoing recovery and the higher rate environment
Underlying net interest income up 20%, primarily driven by a stronger banking net interest margin of 3.22% in the three months to 31 March 2023, stable on the fourth quarter of 2022, and increased average interest-earning assets.
5. Card Factory #CARD - Final Results
Cardfactory LFL revenue growth of +6.7% is underpinned by a strong performance in the core business activity of store-based sales and Everyday card ranges, accompanied by strong trading through the Christmas season.
EBITDA of £112.0m (FY22 £85.6m) as the majority of inflationary pressures were offset through a combination of efficiency measures and targeted price increases.
PBT of £52.4m (FY22 £11.1m) includes £3.5 million of one-off benefits due to the release of CJRS provision and refinancing of debt facilities.