Jet2, Loopup, Mode Global, Rio Tinto: Morning Roundup

Check out some of the biggest stories from London-listed stocks on Thursday…

Jet2

Jet2 Executive Chairman Phillip Meeson made a statement at its annual general meeting.
Meeson stated, “Our Leisure Travel business continues to benefit from the significant investment we made in preparation for the Summer 2022 season, retaining over 8,000 loyal colleagues during the pandemic.”
Overall, customer bookings remained strong, and pricing remains robust.
Furthermore, Winter 2022/23 forward bookings are satisfactory, with average load factors matching those of Winter 2019/20.

Loopup announced a new material contract win and provided a business update for Cloud Telephony.
The cloud platform announced a new material contract win expected to generate £10 million of revenue and £5 million of net cash from October 2022 to September 2023.
In addition, Cloud Telephony saw a 133% increase in customer wins and a 252% increase in individual contract wins.
Loopup surged 33% following the announcement.

Mode Global announced on Thursday that it is now offering Bitcoin cashback to users from over 300 leading UK retailers.
Via an affiliate partnership, Mode has been offering cashback in Bitcoin to users, who can shop with household names and be rewarded in Bitcoin for it.
This enables users to grow their crypto assets without risking their own capital.

Rio Tinto and Turquoise Hill reach an agreement in principle for Rio Tinto to acquire full ownership of Turquoise Hill.
Shareholders will receive $43 per share from Rio Tinto.
Furthermore, the deal will give Rio greater control of the key Mongolian copper mine.
Shares of Rio are down 2.6%.