Eagle Eye Solutions Group PLC boosted by deal for Asda’s rewards programme

Investors are eyeing up shares in Eagle Eye Solutions Group PLC (AIM:EYE).

The marketing technology company is working with Asda on the supermarket group’s new loyalty programme.

After a trial of Asda Rewards in September with the grocer’s staff, the programme has been extended to 16 Asda stores across West Yorkshire and the West Midlands.

Here’s the bumpf on the scheme according to Eagle Eye: “Customers using the Asda Rewards app can build up a cash pot each time they purchase a star product or complete an in-app mission when shopping in one of the 16 trial stores. Customers can also earn special rewards for purchasing selected products across a range of brands from Asda’s own label brands to Cadbury’s, Heinz, Pampers, Budweiser, Gillette and many more. Customers can redeem their cash by creating a voucher with the money they have saved in their cash pot and use this in-store.”

Eagle Eye’s AIR platform powers the scheme including the offer and reward management within the app, the membership card, star products, missions and cash pot as well as the creation and redemption of vouchers through its integration with Asda’s point-of-sale systems.  

Tim Mason, chief executive of Eagle Ey , said: “We have been working closely with Asda since 2014 and have seen first-hand the digital journey that they are taking customers on. Loyalty programmes such as these help retailers improve their business through data-driven insights generating personalised offers which increase customer satisfaction and improve their marketing effectiveness.”

Eagle Eye is up 5.85% or 31.75p at 574.25p.

9.52am: Rambler rises after positive update on mine production

Rambler Metals and Mining PLC (AIM:RMM, TSX-V:RAB) has risen sharply after a positive production update.

It said saleable copper production from the Ming mine in Newfoundland and Labrador, Canada, had more than doubled from 197 tonnes in June to 521 tonnes in October, and its performance had been improving even before a recent refinancing.

Chief executive Toby Bradbury said: “The recently announced completion of the debt financing package was an important milestone for thecCompany in delivering on its operational recovery plans.

“The company is pleased to provide this update in the context of the turn-around process at Ming mine, against a backdrop in recent months of constrained financial resources and dealing with COVID-19…The operational data presented here shows that, even before closing the financing, we have been steadily improving our operations.”

Rambler’s shares are up 12.87% or 4.38p to 38.38p.

8.56am: CloudCoCo jumps by nearly a quarter after contract win

CloudCoCo PLC (AIM:CLCO) has seen its shares go sky high after unveiled a major contract win.

The IT company is up 23.5% or 0.4p at 2.1p as it unveiled a three year contract worth a total £3mln with a new customer in the digital transformation services industry which services clients globally.

It is the largest managed services contract signed by the company since it was formed in April 2018 and involves providing a hosted cloud platform solution.

Chief executive Mark Halpin said: “It has been a busy few months from an M&A perspective, so I’m delighted to be able to follow that activity with a new business win of this magnitude. We look forward to working with our new customer to take their IT infrastructure to the next level.”

In August it paid £1.58mln for IT group Systems Assurance Limited.

Elsewhere Getech Group PLC (AIM:GTC) is up 3p or 10.35% to 32p as its H2 Green subsidiary signed a collaboration agreement with Shoreham Port.

The deal grants H2 Green exclusive rights for the development of all port-based hydrogen, ammonia, and new onshore wind and solar power generation capacity at the port in West Sussex.

H2 Green anticipates that development of the Hub will remove 45,000 tonnes of CO2 emissions each year from the Port’s fleet of trucks and HGVs and be a catalyst for the wider region’s transport decarbonisation.

Chief executive Jonathan Copus said: “This is an exciting time for Getech shareholders as more businesses, industries and councils look to develop innovative new green hydrogen hubs, which Getech can support in developing.

“Our project portfolio is rapidly evolving, and Getech’s activities are strongly aligned with the Government’s hydrogen strategy and green job creation initiatives.”