Shares in infrastructure provider Fulcrum Utility Services Limited (LON:FCRM) rose 8.7% to 26.75p after flagging the outcome of the European Commission investigation into UK utilities.
The commission has approved under EU State aid rules the British Capacity Market scheme introduced in 2014 to safeguard the security of electricity supply.
This ruling overturns the previous capacity market suspension by the EU in November 2018, which was delaying a significant number of customer investment decisions particularly in relation to Dunamis's high voltage design and build business; Dunamis is a subsidiary of Fulcrum.
11.00am: Eurasia Mining bounces back after Friday's share issue
Eurasia Mining PLC (LON:EUA) clawed back some of Fridays losses, incurred after it issued warrant, rising 69% today to 1.78p.
The producer of palladium, platinum, iridium, rhodium and gold in Russia received notification from warrant holders on Frioday that they had exercise warrants over 16.05mln at an exercise price of 0.53p.
The consideration for the exercise of the warrant shares amounts, in aggregate, to a cash value of £85,000.
9.30am: Water Intelligence raises expectations
Leak detection specialist Water Intelligence PLC (LON:WATR) spurted 11% higher to 294p after it said revenue this year had topped expectations.
Revenues rose 34% to US$24.7mln in the first nine months of 2019 from US$18.5mln in the same period of last year.
Profit before tax year-to-date has been “comfortably in-line with expectations”.
Botswana Diamonds PLC (LON:BOD) shone in early deals, rising 20% to 1.325p, after the award of a mining permit for the Marsfontein mine.
The permit covers the diamond bearing gravels and residual unprocessed stockpiles surrounding the mine and has been awarded to Vutomi Mining, in which Botswana Diamonds has a 40% stake.
The site establishment has already kicked off and commissioning is expected to commence within the next two weeksRead More – Source
