Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. ITM Power selected for two further UK projects
News from ITM Power LON:ITM this morning that the company has been selected as a supplier for two large-scale green hydrogen projects in the UK. The final investment decision is still to be made and the customer wishes to remain anonymous, but this latest win in the UK market is seen by management as underlining the country’s readiness to develop more green hydrogen.
2. Safestay confirms possible asset disposal news
Safestay LON:SSTY has published a statement this morning, responding to recent significant share price movement. Management confirm that the company is considering selling some freehold assets, but that there can be no certainty this will complete. The note adds that should the deal proceed, there will be no operational or headcount changes required.
3. Profit outlook upgraded at Morgan Sindall
Morgan Sindall LON:MGNS issued a trading update this morning, advising the market that it now expected full year results to be significantly ahead of previous expectations. The company saw strong trading activity at the start of the year for its Fit Out division and this has been sustained, whilst the construction side of the business also fared well. Half year results will be published at the end of July.
