UK's 4GLOBAL soars on securing $4.6 mln contract
31/10/2022 13:22
** Shares of UK-based technology and professional services
co 4GLOBAL Plc 4GBL.L up 21.5% at 69.9p
** Secures 4 mln pounds ($4.6 mln) contract win urn:newsml:reuters.com:*:nTUC2N63PH
** Gets 4 mln pounds project over 5 years with major
sporting infrastructure project for a city in Middle East
** Set to post best day ever, if gains hold
** "This is a significant contract win for the company,
representing one of the largest initial wins in our history and
providing valuable foundations to our plans over the next few
years" - CEO Eloy Mazon
** Says this project gives opportunity to continue co's
expansion in Middle Eastern market through strategic
partnerships
** Including session's gain, stock has fallen ~19% YTD
($1 = 0.8677 pounds)
(Reporting by Amna Karimi in Bengaluru)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))