MARKET REPORT: Hyve Group's shares buzz after conference and trade show organiser wins insurance payout for Covid cancellations

It said the ‘logistical difficulties’ of carrying out an audit during lockdown meant it wouldn’t be able to meet the June 30 deadline.  The group said revenue fell from £700,000 in 2018 to £300,000 last year, though losses narrowed. Its order book was down by around 11 per cent at the end of May, compared with the end of December, in a sign that the slump in energy prices has taken a toll on its pipeline.  For a company whose fortunes are tied in with crude prices, Wood will have been relieved to see oil futures trading 2.5 per cent higher, up , to last night. Hopes are growing that demand will pick up sooner than expected and have been bolstered by an agreement between members of the Opec+ – formed of the Opec cartel and other producing nations such as Russia – to cut output. Domino's Pizza shares were flat in the pan after Berenberg brokers downgraded it to 'sell', citing the mounting pressure from competitors like Deliveroo and Uber Eats that are focused on fast growth. Analysts emphasised they don't think it's a bad business, saying it has a strong brand and is well rated by its customers, but they think the cut-throat delivery market will weigh on its earnings this year. On AIM, technology minnow Catenae Innovation told the market that Newcastle Premier Health, with whom it has been working on a coronavirus 'digital passport', had completed a proof-of- concept pilot trial of the 'Cov-ID' app.

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