Pennant International swings to full year profit after strong second half
The maker of training simulators has had an “encouraging” start to 2017 and expects a “healthy” first half
Company
LON:PEN
Pennant International Group PLC is a leading global provider of training technology and integrated product support solutions. The company operates worldwide, with offices in Europe, North America and Australia, providing solutions, services and support to the defence, aerospace and safety critical industries across the globe, offering a turn-key solution for any requirement.
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The maker of training simulators has had an “encouraging” start to 2017 and expects a “healthy” first half
London blue-chip and mid-cap stocks closed higher on Monday and both indices marked a fresh 14-month high with healthcare equipment, miners, pharma and biotech sectors driving the gains
Leading stocks pushed on over the lunchtime session, helped by the strength of oil stocks as the price of Brent crude rallied
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Edenville Energy was the morning's hottest stock as its Rukwa cola project received a boost from speculation that Tanzania is about to block coal imports.
Stock in the training simulator maker being is being offered in two tranches at 55p
FTSE100 recoups most of its losses but investors unnerved by Bank of England Brexit warnings, while Finland’s FinMin labels such a move a “Lehman moment”
Investments and investor services
Monetary policy committee says EU vote remains largest immediate risk to UK economy
Main share price risers and fallers in London at 4.15pm
The think tank - the Organisation for Economic Co-operation and Development (OECD) - cut its forecast for UK growth this year to 1.7%..
The top flight dropped 65 points to 6,165 and in small-cap land the FTSE AIM 100 eased 0.5% to 3,470.
Investments and investor services
Full-year results were a shade on the disappointing side for LondonMetric
Investments and investor services
The top flight dropped 39.92 points to 6190.87 after an ICM phone poll showed Leave taking the lead
Below are the main news-driven share price movements at 4pm.
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Sainsbury is likely to report continued hard times for the grocers.