Energy Prices May Rise Again, Water cremation to be offered in UK Plus Alan Green on GMET, MOON & TM1
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Welcome to taking stock on...on Monday 3th July 2023
Featuring Alan Green on...
CURRENCIES / BONDS / COMMODITIES
The U.S. 2 year / 10 year yield curve has inverted to its greatest level ever at -1.095%. Not since the 1980's, as far as I can see on the chart has it ever inverted this far.
Top Business Stories
1. Energy prices could spike this winter forcing governments to step in and subsidise bills again, the head of the International Energy Agency has said.
If the Chinese economy strengthens quickly and there is a harsh winter, gas prices could rise, putting pressure on consumers, Fatih Birol said.
2. Rail passengers are being warned of disruption for the next six days, due to an overtime ban by train drivers in the Aslef union.
Fifteen train companies based in England will be hit from Monday until Saturday, in the latest move in the long-running pay dispute.
3. Tesla says it delivered a record number of vehicles in the three months to the end of June, after cutting prices to boost sales.
It has lowered prices in markets including the US, UK and China to compete with rival manufacturers.
It delivered 466,140 vehicles in the second quarter, which was more than 80% higher than a year earlier.
Meanwhile, the company said it had increased vehicle production to nearly 480,000 in the same period.
4. Co-op Funeralcare has announced plans to offer a new form of burial as a sustainable alternative to traditional burials or cremation.
The UK's largest funeral provider has announced that it will introduce the practice, called resomation - also known as water cremation or alkaline hydrolysis - later this year.
The practice consists of the deceased being enclosed in a biodegradable pouch then placed in a container filled with pressurised water and a small amount of potassium hydroxide.
This rapidly converts tissue and cells into a watery solution, with one cycle taking approximately four hours.
Soft bones remain and these are dried then reduced to a white powder, which can be returned to relatives in an urn.
WINNERS & LOSERS
WINNERS
1. - Rule 2.7 Announcement
RECOMMENDED CASH OFFER by Novacyt UK Holdings Limited
The boards of directors of Novacyt and Yourgene are pleased to announce that they have reached agreement on the terms and conditions of a recommended cash offer to be made by Novacyt UK, a wholly-owned subsidiary of Novacyt, for the entire issued and to be issued share capital of Yourgene (the "Acquisition").
Under the terms of the Acquisition, each Yourgene Shareholder will be entitled to receive:
0.522 pence in cash per Yourgene Share
The Acquisition values the entire issued and to be issued share capital of Yourgene at approximately £16.7 million.
The Acquisition Price represents a premium of approximately 167.7 per cent. to the Closing Price of 0.195 pence per Yourgene Share on 30 June 2023
LOSERS
1. - Funding update - subscription facility
Zanaga Iron Ore is pleased to announce that it has entered into an equity subscription agreement with Shard Merchant Capital, an institutional investor.
Pursuant to the equity subscription agreement, Shard Merchant Capital has undertaken to use its reasonable endeavours to place the relevant Subscription Shares that it has subscribed for and to pay to ZIOC 95% of the gross proceeds of any such sales.
Most Read RNS's
1. - Approval of DFS and management changes
Eurasia Mining announce that Rosendra has approved the Definitive Feasibility Study for the Monchetundra project in the Kola peninsula, northwest Russia. In parallel, management changes have been made to reflect the Company's focus on the possible sale of its assets in Russia, including the Monchetundra project.
James Nieuwenhuys, a mining, processing and EPC specialist, is retiring as the Company's Chief Executive Officer with immediate effect.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.