Afren is currently leading the FTSE 250 this morning after reporting full year like-for-like net production increased by 14%. The oil and gas company produced 59,926 barrels of oil per day (boepd) during 2013. The company also revealed they expect to report revenue of $1.65 billion for 2013 and also they are aiming to produce 62,000 barrels of oil per day throughout 2014.
Ilika has today revealed they are able to produce the world’s first ‘Stacked Solid-State Batteries’. The batteries, that produce twice the voltage of a single cell battery, are set to lead to out-licencing openings. CEO, Graeme Purdy has said: “The performance data generated by these laboratory batteries is extremely promising. Once scaled, these solid-state batteries would offer consumers the equivalent of having a longer-lasting smart-phone battery half the size of current batteries which can be fully recharged in about 10 minutes rather than an hour.”
Globo PLC has today announced that performance for 2013 is ahead of expectations. The mobile software specialists have reported a substantial 57% increase in full year revenue to €72m and also revealed that profits will be in line with market expectations.
Greencore Group +2.80%
Convenience food producer Greencore Group has today revealed revenue was up 7.2% to £320.5m for the 13 weeks to Dec 27 and also adding it has made a good start to its new year. The group expects full year performance to be in line with market expectations.
Fresnillo is currently the biggest faller in the FTSE 100 this morning after reporting silver production is expected to be flat. The precious metals miner produced 42.7 million troy ounces of silver in 2013 and expects to produce 43 million troy ounces throughout 2014. Gold output for the year is set to be higher after a 10% fall in production last year due to various problems such as a temporary suspension on its explosion permits.
Shares are down over 2% in Carpetright this morning after revealing that weakness in the Netherlands will directly impact the company’s underlying pretax profit and expects to report a figure below market expectations.
InfraStrata PLC -26.36%
InfraStrata PLC has been taken a huge blow today after BP Gas Marketing revealed they will not be acquiring 50.5% of shares at the gas storage project in Northern Ireland, in which InfraStrata owns 65%.