FTSE 100 manages to hold onto gains; Severn Trent top gainer
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
Company
LON:PHE
Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived. The company's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
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With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
Its G3-UHt system transforms rubbish into electricity with no toxic by-products and effectively zero greenhouse gases
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Some of today's headlines on the Proactive newswire
Powerhouse could be in an excellent position to take advantage of growth in the market for fuel cell vehicles, says Align Research
Lancashire Holdings rose in sympathy with Novae as the Lloyd's specialist insurer sold out to AXIS Holdings
Keith Allaun, chief executive, talked through all of the latest company developments and answered investors' questions live today.
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A glance at some of the stories on the Proactive newswire today
Some of the main risers and fallers in London at 3.45pm
PHE will receive the cash in two tranches as long as it hits certain performance milestones with its G3-UHt demonstration unit
The FTSE 100 was subdued in early trade and after the weekend's horrors
He has helped to formulate energy and environment policies in the Euro Mediterranean and North Africa region and in the Middle East.
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A glance at the small cap stories on the Proactive newswire today
Archive
A glance at some of the stories on the Proactive newswire today
Gem Diamonds, Concha and MySquar are among the top small cap risers while Asian Growth Properties, Torotrak and Photonstar Led slumped
It follows the successful first-phase of re-commissioning G3-UHt system, which recently delivered the production of synthesis gas.
The FTSE 100 ended up 13.57 at 7,248 as investors weigh economic data and corporate earnings
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A look back at the week’s highlighted news for junior oiler
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A glance at some of the stories on the Proactive newswire today
The AIM-listed group said that the G3-UHt unit – which was shipped over to the UK from Australia earlier this year - operated at a temperature of over 1000 degrees Celcius, demonstrating its capacity to “gasify any historically difficult wa
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
The G3-UHt unit has been at the centre of the group's plans to participate in the distributed modular gasification sector
Main share price risers and fallers in London around 3.30pm include Falcon Oil, Cap-XX
Current non-exec David Ryan will take up his new role as executive director of programme development immediately
Investments and investor services
The druggies and miners were on offer early on – although the movements were barely perceptible on a lacklustre Monday morning.
In an update on the progress of its breakthrough G3-UHt gasification unit, Powerhouse said it is on a freight vessel around a week away from Liverpool.
Some of the largest rises and falls in London at 15:45pm: Urals Energy, Acacia Mining, Vela Technologies
The two companes have been working on a beta version of a hydrogen gasification system since 2014
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
Some of the largest rises and falls in London at 1pm: Baron OIl, Atlantis Resources, OneView
The University of Chester’s Thornton Science Park will be host to the breakthrough technology.
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
The move should have a two-fold benefit for the group’s shares, allaying fears over a massive diluting overhang, while also freeing up cash used for interest payments.
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Also featured: AFC, Ferrum Crescent, Galileo, Kibo, Lansdowne Oil, Metal Tiger, Netscientific, Powerhouse, REM, ReNeuron, Tern
Some of London's largest risers and fallers around 2.30pm included insurer Prudential, and small caps Metal Tiger and Falcon Oil & Gas ...
Executive chairman Keith Allaun called the retirement of the loan note "a major turning point in the history of PowerHouse".
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
Its G3-UHt system transforms rubbish into electricity with no toxic by-products and effectively zero greenhouse gases.
Archive
A glance at some of the stories on the Proactive newswire today.
The G3 System incorporates the latest advances in material technologies and electrical and thermal efficiencies to convert waste to energy.
A glance at the big rises and falls in London at 2pm
Some of the largest share price rises and falls in London at Noon
The tie-up with Waste2tricity takes PowerHouse’s gasification technology another step nearer to commercialisation
The best of the share price rises and falls in London at 3.30pm
The G3-UHt system transforms rubbish into electricity with no toxic by-products
Main share price risers and fallers in London at 4pm
Main share price risers and falls in London at 4.00pm
Pre-tax losses narrowed to £781,000 from £2.5mln the year before.
A look at some major movers at around 3.30pm on Thursday.
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The weekly round up news and updates from the world of oil
“Signing this agreement is a significant step forward for the company,” said Keith Allaun, PowerHouse’s executive chairman.
Gasification waste-to-energy group reported hold-ups in finalising testing programme
Below are the main news-driven share price movements at 4pm.
Investments and investor services
The FTSE100 ended 0.9%, or 58 points lower to 6,295, with Glencore sitting at the bottom of the index.
Below are the main news-driven share price movements at 4pm.