Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Government sell down another tranche in NatWest bank
NatWest LON:NWG has this morning advised the market that HM Treasury has sold down a further tranche of its holding in the bank. The total value of the transaction is just over £1.25 billion, accounting for 4.95% of the company’s stock. Following this, the government will hold 38.69% of the total voting rights.
- AIM Market Roundup: Mercantile Ports, Totally, ITIM
- UK Stock Market News: NatWest, SEGRO, Wood Group
- Companies Reporting: Barclays, BAT, Unilever, NatWest
#2. Quadrise clean fuel trials delayed by parts failure
AIM listed Quadrise [LON:QED] has issued a note providing an update on a fuel trial in Morocco. This was for a clean fuel test which unfortunately resulted in the failure of a pumping and heat unit, meaning the test could not complete as planned. A replacement part has been procured in the UK and will be dispatched to site, enabling testing to resume in due course.
#3. Totally: £12m worth of contract extensions signed
Totally LON:TLY, the AIM listed provider of frontline healthcare services has announced that multiple contract extensions for a range of services worth £12m have been secured across the Midlands and North of England. These extensions, whilst relatively short in nature, underpin revenue expectations for the year ahead.
