MoPh Markets

Shoe Zone Jumps 18.38%, Cineworld Up 20%, Instem Increases 7.2%: Morning Roundup

Check out some of the top stories from London-listed stocks on Friday…

Shoe Zone

  • Shoe Zone announced its share buyback program on Friday.
  • The company intends to conduct the buyback program of ordinary shares of £0.01 each in the capital of the company.
  • The program will end on 30 November 2022 or earlier if the aggregate consideration paid for ordinary shares reaches the maximum amount.
  • Shoe Zone Shares jumped 18.38%.

Cineworld

  • Top Cineworld shareholder has dumped their stake as the firm faces bankruptcy.
  • The second largest shareholder, Zai Wang Liu’s firm Jangho Group slashed its stake from 11.6% to just 1.6% in the past two days.
  • Despite the news, Cineworld shares are up 20% as of Friday morning.

Instem

  • Instem, an IT solutions provider, has announced a five-year agreement with CRO to support over 2,000 users worldwide in their clinical trial analysis.
  • The agreement is worth over $12 million and is the largest contract ever received by Instem.
  • Instem shares increased 7.2% following the announcement.

Leave a Reply