Capricorn Energy (CNE)
Shares in Capricorn Energy moved higher after the company
confirmed that it had received a revised all-cash offer from DNO. The
announcement provides shareholders with an updated proposal for the business
and places a defined value on the equity through a formal corporate transaction
process. The move in the share price reflects the terms set out in the revised
offer and the progression of the takeover situation disclosed this morning.
Drax Group (DRX)
Drax Group was firmer following a trading update in which
the company upgraded its outlook for full-year EBITDA. Management cited
stronger operational performance within the business, leading to an improved
earnings expectation for the current year. The share price reaction follows
that revision to guidance, with the market responding to the company's updated
assessment of trading since its previous outlook statement.
ATOME Energy (ATOM)
ATOME Energy came under pressure after announcing a notice
of dispute and an intention to pursue arbitration. The company said the action
relates to matters connected with its project activities and introduces a
formal legal process between the parties involved. The share price weakness
followed the disclosure of the dispute, which adds an additional procedural and
legal element to the development timetable outlined by the company.
