As a rule, a Serious Fraud Office investigation into your firm resulting in a £77m fine does not herald a good day. But Petrofac shares were up today despite just that. The firm can now leave the episode behind. "With the shackles off, future prospects should start looking rosier," said Hargreaves Lansdown's Laura Hoy.
Plus500 has been one of the pandemic's winners, with retail traders flocking to its platform and that of many others as downtime turned ordinary punters into sofa shareholders. Shares in the Atletico Madrid sponsor were up just shy of two per cent today after an update to markets suggested the firm was hopeful of hitting the top end of already positive expectations.
(c) 2021 City A.M., source Newspaper