UK's Harland & Wolff Group gains on ISSCL purchase move

Harland & Wolff group

24/11/2023 08:36

** Shares of Harland & Wolff Group Holdings Plc  HARL.L 
rise as much as 10% to 13.2p
    ** British shipbuilding and fabrication company says it will
continue to consider options to buy Isles of Scilly Steamship Co
Ltd (ISSCL) as ISSCL board rejects proposal after its indicative
and preliminary approach
    ** HARL says it has been considering opportunity to build
and/or operate ferries to service Isles of Scilly-Penzance
route, which it believes is significantly under-served 
    **Stock currently up 6%, trimming YTD losses to ~24%

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))