Didi Global Inc launches rockets over victory in cybersecurity investigation

Shares of Chinese ride-hailing giant Didi Global Inc jumped 50% after news that Chinese authorities plan to conclude their investigation into the company as early as this week.

Didi’s top apps also need to be restored to mobile stores, according to a Wall Street Journal report.

For days after its New York IPO in July last year, Didi has been the target of a cybersecurity investigation and has been one of the companies hardest hit by Beijing’s regulatory tightening.

China’s Cyberspace Administration pulled Didi’s app from local app stores in July after accusing it of illegally collecting user data.

1:43 p.m .: Bisichi jumps on the half-year results expected before 2021

Bisichi PLC rose 19% to 217.6p after saying it expects results for the six months to June 2022 to be “significantly ahead of results” for the full year 2022.

The Company attributed this to good coal market conditions since the date of the annual results announcement.

He clarified that coal market conditions had improved in 2022 and that in the first quarter the weekly price of API4 coal averaged USD 238 per metric ton and that coal export sales from its South African operations were in line with the average export tonnages achieved in 2021.

12:27 p.m .: Eve Sleep dark in the search for a new owner

Eve Sleep PLC fell 24% to 1.25p after confirming it was looking for a buyer to take the business private.

The mattress maker said it needs big new investors or a new owner to fully fund its move into the “broader sleep wellness space.”

The company’s board claimed to be in talks with an American investor, but they abruptly ended.

This coincided with Eve’s announcement that declining consumer confidence and soaring inflation would hurt its performance in 2022.

Revenue fell 15% in the first five months of the year compared to the same period in 2021.

11:15 a.m.: IG Design rushes to extend bank deal

IG Design Group PLC (LSE:IGR) climbed 24% to 61.6p after confirming it had extended the term of its existing bank deal until the end of March 2024.

The stationery designer and maker said the amended bank covenants provided ample flexibility to fund its seasonal working capital needs over the remainder of the deal.

“Our seasonal backlog remains strong and this revised facility provides us with sufficient funding for our working capital needs,” commented Stewart Gilliland, President.

Its shares rose 12p on Monday morning.

9:53 am: Clontarf dives on dry well findings

Clontarf Energy (AIM:CLON) PLC fell 69% to 0.12p on results from its Sasanof-1 well.

The Western Australia exploration well was drilled to a total depth of 2,390 meters but nothing was found, making it a dry well.

No commercial hydrocarbons were intersected, meaning the well will be permanently abandoned and demobilization activities will then begin, Clontarf said.

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