Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has issued a response to a letter from the US House of Representatives committee on energy and commerce, which wrote to the company in December.
The committee's letter, dated 18 December, was from four members requesting information regarding the company's well retirement and emissions information.
Stifel analysts have thrown their weight behind a cohort of cyclical and undervalued UK technology stocks in what is otherwise expected to be a challenging trading environment.
Among the mid caps, analysts graced information technology and software group Kainos Group PLC (LSE:KNOS) with a 'buy' recommendation “as the company prepares for a new cycle of growth that we think will begin to emerge by year end, helping its share price”.
Cellular Goods PLC (LSE:CBX) shares spiked 30% higher in Wednesday morning’s early deals to trade at 0.53p after the company reported that executive director Michael Edwards had increased his shareholding.
Edwards bought 2.5 million shares in the company, at a price of 0.417p, increasing his shareholding to 8 million shares and representing 1.33% if the company.
Africa Oil Corp (TSX:AOI)'s Namibia interests have received a major boost as Impact Oil and Gas, a company part-owned by AOC, agreed to sell a stake in the Venus discovery to its partner TotalEnergies.
Total is taking an additional 9.5% of offshore Blocks 2912 and 2913B, which host the Venus discovery, by committing to cover Impact’s share of the project costs through to first commercial production. The French oil major is also paying Impact some US$99 million of cash for its past costs.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) said it has won contracts from three commercial vehicle and bus manufacturers in Europe and the UK to supply its third-generation Guardian driver safety system.
The company launched the next generation product targeting the factory-fit segment ahead of the implementation of Europe’s General Safety Regulation (GSR) in July, which mandates the installation of driver drowsiness and attention warning (DDAW) systems in all new cars, vans, trucks and buses.
Light Science Technologies Holdings PLC (AIM:LST), in a trading update for the year ended 30 November 2023, said revenue rose 13% to around £9.25 million, with growth seen across all its trading divisions.
Growth came organically and through acquisition, it noted.