viewAFC Energy PLC

Market Report: FTSE jumps higher and London stands still as UK capital enters toughest tier

FTSE 100 started on the front foot even though London has now entered the toughest tier of restrictions while the inflation rate plummeted in November. The UK’s leading index jumped 66 points to 6,580 in early deals. UK inflation was 0.3% in November, down from 0.7% in October following unusually steep Black Friday discounts. The cheapest categories were clothing, food and non-alcoholic drinks with increases in games, toys and hobbies.

The competition watchdog will investigate airlines about the practice of offering travel vouchers instead of cash refunds after a surge in complaints. The Competition and Markets Authority will look at cases where airlines continued to operate flights despite restrictions on travel.

Dixons Carphone PLC (LON:DC.) generated cash and swung back into interim profits after online sales took off amid the pandemic. The electronics retailer reported a profit before tax of £45mln from an £86mln loss a year ago despite its exposure to the high street.

Among the small caps, Genedrive PLC has told the US Food & Drug Administration (FDA) that it intends to import and distribute its 96 SARS-CoV-2 kit in the US prior to emergency use authorisation. Distribution of SARS-CoV-2 test kits in the US without sign-off is permitted under certain defined conditions, added the AIM-listed company.

Canadian Overseas Petroleum Limited (LON:COPL) shares soared on what it described as a “game changing” acquisition of Atomic Oil & Gas. The transaction has a reported deal value of US$54mln and delivers producing assets in the US state of Wyoming.

AFC Energy (LON:AFC) has signed a strategic partnership with Swiss electrical systems giant ABB to develop electric vehicle chargers. The two companies will work together to develop a bespoke high power EV charger for sale in the second half of 2021.

Quick facts: AFC Energy PLC

Price: 50.6 GBX

Market: AIM
Market Cap: £342.23 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AFC Energy PLC named herein, including the promotion by the Company of AFC Energy PLC in any Content on the Site, the Company receives from...


AFC Energy reveal new zero-emission power generator for Extreme E electric...

AFC Energy PLC's (LON:AFC) Adam Bond talks to Proactive London's Katie Pilbeam about the unveiling its new zero-emission power generator that will be featured in the inaugural Extreme E electric SUV racing series. The event begins in April of this year, starting in Saudi Arabia, AFC has...

on 29/1/21

2 min read