viewPowerhouse Energy Group PLC

London's FTSE 100 starts the week on the front foot with the US closed for the Labor Day holiday

London's FTSE 100 started the week on the front foot with the US closed for Labor Day. London’s leading index added 32 points to 7,171 in early deals.

Scottish Mortgage Trust (LON:SMT) topped the leader board early on after the tech-heavy Nasdaq closed Friday’s session in record territory once more. SMT has long been a proxy for US tech giants for UK investors.

Staff shortages could last for up to two years, the CBI warned. Government needs to take action on visas for foreign workers and stop “waiting for shortages to solve themselves” said the employers’ organisation.

Ikea meanwhile is the latest company to be hit by a shortage of lorry drivers. UK and Ireland stores have had issues with 1,000 product lines, corresponding to 10% of its total stock.

Among the small caps, Powerhouse Energy Group PLC (AIM:PHE, FRA:BT81) (AIM:PHE, FRA:BT81) has clarified speculation around a tie-up that could potentially see its DMG waste plastic recycling technology deployed by industrial gases giant Linde. PHE said a DMG licensee had been working with the German group – most recently on a technical feasibility evaluation.

Tirupati Graphite PLC (LSE:TGR) (LSE:TGR) (LSE:TGR) has completed the installation and commissioning of its first 9,000 tonnes per year flake graphite module at its Vatomina project in Madagascar.

Challenger Energy Group PLC (AIM:CEG) (AIM:CEG) has received a key certification from the Trinidad and Tobago authorities. It has been awarded the STOW-TT (Safe to Work in Trinidad & Tobago) certification from the government, confirming compliance with Health, Safety and Environmental standards.

Quick facts: Powerhouse Energy Group PLC


Price: 4.295 GBX

Market Cap: £168.79 m

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UK inflation rate fell to 2% in the year to July thanks to clothes and shoe...

FTSE 100 eased lower as worries over the spread of Delta variant of Covid overshadowed a surprise fall in UK inflation. London’s blue-chip index  dropped 13 to 7,167. Britain’s Consumer Prices Index fell to 2% in July from 2.5% in the year to June as lower clothing and footwear prices offset...

on 18/8/21

2 min read