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Morning briefing: Seraphim Space promoted to FTSE 250; SHIP makes 12.7% return from Hormuz blockade; JPMorgan China "somewhat" protected after 9.5% half-year fall; Mike Ashley buys Grainger stake; Segro talks to activist; Helical launches £5m buyback; plus Ceiba
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Morning briefing: Seraphim Space promoted to FTSE 250; SHIP makes 12.7% return from Hormuz blockade; JPMorgan China "somewhat" protected after 9.5% half-year fall; Mike Ashley buys Grainger stake; Segro talks to activist; Helical launches £5m buyback; plus Ceiba
Seraphim Space (SSIT) will join the FTSE 250 on 19 June after a 39% share price rise this year and last month’s £127m C-share issue lifted the market value of the world’s first listed SpaceTech fund to £698m at Friday’s close. Chair Will Whitehorn said elevation to the “mid-cap” index was a “significant milestone” and was “a clear reflection of the progress we have made in scaling the company over the last five years and demonstrating the attrac…
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