It’s another quiet day for corporate news but the clothing retail Quiz has seen some notable price action this morning. The company is currently going through the process of delisting from AIM and moving to a matched bargain trading venue, a process that typically results in elevated levels of volatility, whilst this morning also saw the publication of two updates that an institutional shareholder has cut its holdings in the business by around 75% over the last couple of weeks. The Quiz share price was down 19% before 9am.
Easter European low cost airline Wizz Air saw its share price lose altitude on Friday morning following the publication of the latest traffic figures for December. Tuesday’s announcement of a compensation package with the engine manufacturer Pratt & Whitney doesn’t seem to have found much support despite today’s number revealing that the ongoing grounding of planes is driving capacity down and load factors up. Forward bookings remain positive but the Wizz Air share price is still unable to shake off that shock from August when fleet grounding decimated profits, with the stock trading down a further 3.5% this morning.
Another company disappears from the London market this morning with RegTech Open Project, a tech business focused on regulatory compliance, announcing the cancellation of its listing. Shares had been suspended since last summer amidst funding difficulties and the delisting is seen as part of a short term plan to reduce costs.
Most read news on Investegate this morning
Deferred Consideration for Acquisition - - Volex (VLX)
Circular & Notice of Requisitioned General Meeting - - Herald Investment Trust (HRI)
Acquisition of further Shares in Croatian Company - - Star Energy Group Plc (STAR)
