Pre-market Movers: ENSC, RETA, CCNC, PEAR, SYTA…

Interest rates LIVE: Bank of England announcement TODAY – inflation highest in ten years

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Inflation rocketed to 5.2 percent yesterday, smashing City forecasts of a rise to 4.8 percent and taking the consumer prices annual rate to its highest level since September 2011. Meanwhile, the Omicron variant is crippling consumer confidence as it rips across the UK at an alarming pace. The nation recorded 78,610 new cases on Wednesday – the highest daily number since the start of the pandemic. The Bank of England’s decision about whether to raise interest rates in the week before Christmas could be the toughest call in the committee’s 24-year history.


Britons brace for a ‘nationwide living standards freeze’

Jack Leslie, a senior economist at the Resolution Foundation thinktank, referring to the combined impact of the Omicron variant and inflation, said: “Next year is likely to be marked by acute economic pain for some parts of the economy alongside a nationwide living standards squeeze.”

IntegraFin FY21 Profit Rises; Revenue Up 15% – Quick Facts

IntegraFin Holdings plc said, for the year to 30 September 2021, profit before tax attributable to shareholder returns increased to 63.1 million pounds from 55.3 million pounds, prior year. Earnings per share was 15.4 pence compared to 13.7 pence.

Revenue increased to 123.7 million pounds from 107.3 million pounds, last year. Gross inflows were up 34% at 7.70 billion pounds.

The directors have declared an interim dividend of 7.0 pence per ordinary share, taking the total dividend for the year to 10.0 pence per share. The dividend is payable on 21 January 2022 to ordinary shareholders on the register on 24 December 2021.

Hyve Group Posts Headline Profit In FY21 – Quick Facts

Hyve Group plc said the reopening of events in almost all of its markets by the end of the fiscal year, as well as increasing customer spend and forward bookings, has put the Group in a strong position going into fiscal 2022. The Group entered fiscal 2022 with forward bookings of 108 million pounds.

Fiscal 2021 headline profit before tax from continuing operations was 20.8 million pounds compared to a loss of 18.1 million pounds, prior year. Insurance proceeds of 65.0 million pounds were received during the year. Headline profit per share from continuing operations was 7.6 pence compared to a loss of 12.7 pence.

Fiscal year loss before tax from continuing operations was 20.6 million pounds compared to a loss of 315.0 million pounds, last year. Loss per share from continuing operations was 5.6 pence compared to a loss of 172.3 pence.

Revenue for the year from continuing operations was 55.2 million pounds compared to 99.4 million pounds, last year. Revenue was recorded from 43 events, including two Retail Meetup online events. The Group noted that the pandemic impacted the number and scale of the events during the fiscal year.

Hyve Group said it is not planning to recommence dividend payments in the year.

3i Infrastructure To Invest Further In VALOREM

3i Infrastructure plc (3IN), a closed-ended investment company and an approved UK Investment Trust specializing in infrastructure investment, on Thursday announced that it has agreed to invest a further 25 million euros into VALOREM. The capital increase being made to fund Valorem’s growth, would raise 3i’s stake to approximately 33 percent.

VALOREM is one of the largest independent renewable power producers and developers in France, with additional operations in Finland and Greece. 3i Infrastructure’s funding would support the continued growth in VALOREM’s installed base of operational assets and development pipeline.

Since 3i Infrastructure’s original investment in 2016, VALOREM has almost tripled its asset base to 0.5GW and has more than doubled its EBITDA. VALOREM has also diversified into solar and hydro, expanded internationally and built a healthy wind and solar pipeline of over 5GW.

Shares of 3i Infrastructure closed Wednesday’s trading at 344.50 pounds, up 4.50 pounds or 1.32 percent from the previous close

States Where the Most People Are Vaccinated

With the threat of the Omicron variant looming, the national COVID-19 vaccination effort is as urgent as it ever has been. So far, an estimated 202,246,698 Americans have been fully vaccinated, or 61.8% of the population.

Some states are proving more effective than others in getting their residents vaccinated. Depending on the state, the share of the population that has been fully vaccinated ranges from as low as 46.5% all the way up to 75.1%.

Due in large part to vaccine hesitancy and resistance, millions of doses are currently sitting idle under the purview of state governments, yet to be administered. As of Dec. 13, only about 81.6% of the 594,465,300 doses of the vaccine that have been distributed to the 50 states and Washington D.C. have been administered. In one state, only 68.0% of delivered doses have gone into the arms of residents.

Meanwhile, the virus continues to spread. In total, there have been 15,092 known infections for every 100,000 people nationwide.

Pre-market Movers: ENSC, RETA, CCNC, PEAR, SYTA…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 07.00 A.M. ET).

In the Green

Ensysce Biosciences, Inc. (ENSC) is up over 44% at $4.30
Pear Therapeutics, Inc. (PEAR) is up over 34% at $12.49
Siyata Mobile Inc. (SYTA) is up over 25% at $5.37
American Virtual Cloud Technologies, Inc. (AVCT) is up over 22% at $1.26
Eros STX Global Corporation (ESGC) is up over 9% at $0.32
Aurinia Pharmaceuticals Inc. (AUPH) is up over 7% at $22.30
Digital Brands Group, Inc. (DBGI) is up over 7% at $2.72
TherapeuticsMD, Inc. (TXMD) is up over 7% at $0.50
iSpecimen Inc. (ISPC) is up over 6% at $15.05

In the Red

Reata Pharmaceuticals, Inc. (RETA) is down over 41% at $31.70
Code Chain New Continent Limited (CCNC) is down over 41% at $0.99
Triterras, Inc. (TRIT) is down over 17% at $3.65
Rent the Runway, Inc. (RENT) is down over 12% at $10.01
Bakkt Holdings, Inc. (BKKT) is down over 10% at $15.32
Daré Bioscience, Inc. (DARE) is down over 8% at $1.94
Star Bulk Carriers Corp. (SBLK) is down over 7% at $21.65
Pioneer Power Solutions, Inc. (PPSI) is down over 6% at $10.08
Phunware, Inc. (PHUN) is down over 6% at $3.66
Digital World Acquisition Corp. (DWAC) is down over 5% at $61.88