Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Helium One helium flows reported
Helium One LON:HE1 is back in the news this morning with an update on the completion of its Itumbula West-1 well, which is now flowing a high concentration of helium to the surface. This flow is seen as a significant milestone for the company, whose stock has been advancing for some weeks, although that comes off the back of a disappointing end to 2023.
- Helium One shares surge on offer of Tanzania mining licence
- UK Stock Market News: Close Brothers, Barratt, Helium One
- AIM Market Roundup: Xeros Technology, Helium One, Katoro Gold
#2. Will Vodafone’s Q3 trading update send markets a signal?
There’s a Q3 trading update out from Vodafone LON:VOD noting headline revenues as being under pressure although organic growth is present and the company’s Cloud and IoT services are reported as showing more meaningful expansion. Whether there’s enough in here to give investors any real impetus remains to be seen however – the company is in a stage of transformation and that’s going to take time to complete.
#3. Naked Wines CEO vacancy filled after three month gap
Naked Wines LON:WINE has this morning announced the appointment of a new CEO. The appointee – Rodrigo Maza – has been with the company since September and has already been involved in defining the turn-around plan in conjunction with the executive team. Maza has previously held roles with major drinks brands, working in the e-commerce and subscription model space. This fills a gap vacated by the departure of the previous CEO in early November.
