Shares of Chinese ride-hailing giant Didi Global Inc surged 50% following news that Chinese authorities are planning to wrap up their investigation into the company as early as this week.
Didi's main apps are also to be restored to mobile stores, according to a report in the Wall Street Journal.
Since days after its New York IPO in July last year, Didi has been the target of a cybersecurity probe and has been one of the worst-hit companies by Beijing's regulatory tightening.
The Cyberspace Administration of China removed Didi's app from local app stores in July after accusing it of collecting users' data illegally.
1.43pm: Bisichi jumps on forecast half-year results ahead of 2021
Bisichi PLC advanced 19% to 217.6p after it said it expects results for the six months ended June 2022 to be “substantially ahead of the results” for the full-year 2022.
The Company attributed this to strong coal market conditions since the date of the full-year results announcement.
It detailed that the coal market conditions had improved in 2022 and that in the first quarter the weekly API4 coal price averaged US$238 per metric tonne and the export coal sales from its South African operations were in line with the average export tonnages achieved in 2021.
12.27pm: Eve Sleep sinks on new owner search
Eve Sleep PLC tumbled 24% to 1.25p after it confirmed it was on the hunt for a buyer to take the company private.
The mattress maker said it needs large new investors or a new owner entirely to fund its drive towards the "wider sleep wellness space."
The company’s board claimed to be in talks with an American investor but they abruptly came to an end.
This coincided with Eve’s announcement that lower consumer confidence and surging inflation would damage its 2022 performance.
Revenues sunk 15% in the first five months of the year compared with the same period in 2021.
11.15am: IG Design surges on banking agreement extension
IG Design Group PLC (LSE:IGR) climbed 24% to 61.6p after it confirmed it extended the term of its existing banking agreement to March-end 2024.
The designer and manufacturer of stationery said the amended banking covenants provide plenty of headroom to fund its seasonal working capital requirements over the rest of the agreement.
"Our seasonal order book remains strong and this revised facility provides us with sufficient funding for our working capital requirements," Stewart Gilliland, chairman, commented.
Its shares rose 12p on Monday morning.
9.53am: Clontarf plummets on dry well findings
Clontarf Energy (AIM:CLON) PLC sunk 69% to 0.12p on the back of its results from its Sasanof-1 well.
The Western Australian exploration well was drilled to a total depth of 2,390 metres but nothing was found, making it a dry well.
No commercial hydrocarbons were intersected, which means the well will be permanently abandoned and de-mobilisation activities will then commence, Clontarf said.