Despite shares in electrical retailer Currys performing well off the back of full year earnings data released last Thursday, the share price has taken a tumble in early trade as the new weeks gets underway. Media are reporting that RBC has cut its view of the company’s fortunes and despite the target still being a reasonable way above the currently traded price, investors have been quick to dump the stock. The Currys share price was down 7% in early trade.
Oil giant Shell was the worst performer on the FTSE-100 this morning after underlying crude prices fell back. An unexpected decision by OPEC+ to ramp up production from August has taken a toll here, with the oil producers proving to be an obvious target for investors. The Shell share price was 3% lower shortly after the open, with peer BP down by almost 2%.
Some positive news from the small cap rare earths recycler who this morning announced the first production runs of its commercial scale processing vessel in Birmingham. The vessel is seen as being fundamental to the Plant, producing a high grade, recycled neodymium-iron-boron alloy powder for commercial sale or to feed downstream magnet manufacturing. This is seen as a major milestone for all parties involved and acts as a major step forward for the UK's critical mineral ambitions. The Mkango Resources share price was as much as 13% ahead at the open although gave back some of those gains as the morning progressed.
Most read news on Investegate this morning
Recent Fluorspar discovery - LAB Assay Results - - Altona Rare Earths (REE)
H1 2025 Trading Update Announcement - - Primary Health Properties (PHP)
Placing and Subscription to Raise $16.25 Million - - Pantheon Resources (PANR)
