There’s not too much on the radar this morning delivering price action for stocks but Thruvision, the supplier of walk through security technology for the aviation industry, this morning announced news that it had been awarded a £0.4m contract by Orlando airport. The equipment is due for delivery this month and it becomes the fifth US airport to take the company’s solution. With a market cap of £4m this is a material order and the Thruvision share price is up 10% in early trade.
Again sticking with the small caps and Atome Energy, the producer of green fertilizer, found its share price faring well on Friday morning. The company updated the market, announcing that it had signed definitive debt agreement for funding its project in Paraguay. The note also highlights that how, owing to recent world events the location of this project is also beneficial in terms of not being reliant on fossil fuels for production. The Atome share price was 25% higher shortly after the open.
Office space specialists CLS who operate a £1.7bn portfolio of property across Norther Europe issued annual results this morning, noting EPS down 17%, reflecting the loss of rent from disposals and higher than anticipated vacancy rates. The portfolio valuation also dropped driving the statutory post-tax loss to £50.3m, an improvement on the comparative but reflecting the challenging market conditions. Management note that lettings were improving before the war in the Middle East started, whilst supply constraints in some markets also stand to bolster performance. Investors however were seeing the near term downside here and the CLS share price was down 10% by 8.30am.
Most read news on Investegate this morning
Half Year Report - - Aura Energy Limited NPV (DI) (AURA)
ATOME signs definitive debt agreements - - ATOME Energy (ATOM)
