(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday said it has signed a deal with Austal Ships Pty Ltd for technology transfer for the development of next-generation aluminium vessels. Read More
(Alliance News) - Harland & Wolff Group Holdings PLC on Monday said it won a GBP8.5 million, 10 barge contract from the London-based Cory Group. Read More
Harland & Wolff Group Holdings PLC - London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland - Notified of an appeal against a judgement made in late August in the company's favour following the completion of the judicial review of its Islandmagee gas storage project. Islandmagee is a salt cavern gas storage facility in Antrim, Northern Ireland. The company obtained a marine licence for the project from Northern Ireland's Department of Agriculture, Environment & Rural Affairs in November 2021. Says it is due to receive a hearing date in the next few weeks with the hearing likely to be scheduled for early 2024. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it has been awarded a mid-life upgrade contract for the SeaRose floating production storage and offloading vessel by Cenovus Energy Inc. Read More
Harland & Wolff Group Holdings PLC - London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland - Provides update on strategy to establish its own marine operations once it has a critical mass of marine activity to service. As part of this push, it has identified a new tug to acquire, which will be added to two announced earlier this year. The new tug will be used internally and also hired out when not needed. Harland & Wolff also continues to pursue its proposal for fast ferry and freight services to and between the Isles of Scilly. The vessels would be built in the UK and therefore could be eligible for levelling up funding from the UK government. Read More
(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it has signed a new partnership with Echandia, the Swedish energy systems supplier. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said its loss widened in its latest half year despite a 65% revenue boost, but maintained its confident outlook amid "increasingly exciting times". Read More
Harland & Wolff Group Holdings PLC - London-based fabrication company serving maritime and offshore industries from yards in England, Northern Ireland and Scotland - Announces that the judicial review of its Islandmagee gas storage project had been made in its favour. Says it will now assess the judgement in detail and consider the appropriate next steps factoring in the findings of the judgement and the interests of Harland & Wolff's stakeholders. Adds a further announcement will be made "in due course." Read More
(Alliance News) - The FTSE 100 tipped into the red at midday on Thursday as investors nervously awaited the latest print of the US Federal Reserve's preferred inflationary gauge, the personal consumption expenditures index. Read More
Harland & Wolff Group Holdings PLC - London-based fabrication company serving maritime and offshore industries from yards in England, Northern Ireland and Scotland - Says in advanced stage of pursuing opportunity to build and operate two ferries between Penzance and the Isles of Scilly in Cornwall, England. After three years of design and costing for the boats, Harland & Wolff now will apply for levelling up funding from the UK government. Levelling up funds encourage economic development outside of London. Will seek to operate the ferry route for an initial five-year period, with options for five-year extensions. Notes the current vessel operating the passenger ferry to Scilly, the Scillonian III, was built at Harland & Wolff's Appledore shipyard, which is in neighbouring Devon. Cautions there is no certainty the ferry opportunity will be brought to financial close. Read More
Harland & Wolff Group Holdings PLC - London-based engineering company serving the maritime and offshore industries - Issues update on the judicial review of its Islandmagee gas storage project, says case has been listed for judgement on Thursday, August 31. Islandmagee is a salt cavern gas storage facility in Antrim, Northern Ireland. Company obtained a marine licence for the project from Northern Ireland's Department of Agriculture, Environment & Rural Affairs in November 2021. Read More
(Alliance News) – Harland & Wolff Group Holdings PLC on Thursday established a new fully-owned subsidiary to be based in the UK's "energy capital", Aberdeen. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
Harland & Wolff Group Holdings PLC - Belfast-based infrastructure projects operator - Signs a non-binding letter of intent for "major" vessel refurbishment with an unnamed client. Says vessel will be in company's Belfast dry dock for five months. Adds contract is around GBP60 million and GBP70 million. Notes it will receive GBP5 million immediately to start work in the vessel. Says the contract will be formalised in the next two to three months. Read More
Harland & Wolff Group Holdings PLC - infrastructure projects operator - Reports 2022 results, comparing the full year to the 17 months to December 31, 2021. Pretax loss is GBP70.4 million compared to GBP25.5 million. Revenue grows 51% to GBP28.0 million from GBP18.5 million. Cost of sales increase 67% to GBP22.2 million from GBP13.3 million. Management & administrative expenses more than double to GBP53.4 million from GBP24.7 million. Looking ahead, Chief Financial Officer Arun Raman says: "We are now at an advanced stage in our negotiations with UK Export Finance and our lending consortium and expect the refinancing to be completed in early autumn 2023. This is a five-year deal and it is important that we get the economics right. Our current cashflows allow us to take the time and get the best possible deal for the company and its shareholders. We will be making announcements on this deal as it matures and comes to fruition." Read More
(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it expects to report a widened annual loss for 2022, despite a rise in revenue. Read More
(Alliance News) - Stock prices in Europe pushed higher on the eve of the Federal Reserve decision, while technology shares in New York rose again as a cooler inflation reading all but ensured US interest rates will not be hiked this week. Read More