It has been a rollercoaster ride for the UK Oil & Gas share price over the last couple of days. The company’s stock resumed trading yesterday, bolstered by news that an MoU had been signed with National Gas, but the sharp rally in the valuation paved the way for a fresh funding round. This saw £2m raised, conducted at a 30% discount, resulting in a marked reversion. The UK Oil & Gas share price dropped 33% in early trade, although still sits up 250% since yesterday morning.
Construction and fit out company Morgan Sindall issued a trading update this morning, including a revised outlook for the full year. This was a robust statement with the company expecting to significantly outperform previous expectations for the full year, with continued success for the Fit-Out division. The total secured order book at 31st August was £12.2bn, 2% ahead of the half year and 7% up on the 2024 year end position. The Morgan Sindall share price added more than 11% shortly after the open.
Interim numbers from the groceries giant gave investors something to cheer this morning amidst news of rising sales, improved market share and upgraded profit guidance for the full year. The company now expects a full year profit print of around £3bn, up close to 10% from previous forecasts, whilst market share added 77 bps to 28.4%. Investors are set to receive a 12.9% uplift in the interim dividend payment but despite yesterday’s marked profit taking, the price action has been muted. The Tesco share price was just over 2% higher by 8.45am.
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Interim Results 2025/26 - - Tesco (TSCO)
Successful funding for UKEn Hydrogen projects - - UK Oil & Gas (UKOG)
