Abcam, unchanged at 1222.0p, announced that its proposed AIM delisting would be effective from 7.00 a.m. (London time) on 14 December 2022.
Tristel, up 9.0%, announced that it is making good progress. Revenue growth is consistent across all its geographical markets and gross margin is in line with expectations.
Science Group, up 5.2%, announced in its trading update, that it anticipates revenue and adjusted operating profit for 2022 to be slightly ahead of current board expectations.
GetBusy, up 3.3%, announced in its trading update, that it expects financial results for the year ended 31 December 2022 to be slightly ahead of market expectations.
Oracle Power, up 2.2%, announced that Non-Executive Director Andreas Migge has resigned, with immediate effect.
Dialight, down 1.6%, announced that Karen Oliver will resign as chair and non-executive director effective from 31 December 2022.
1Spatial, down 1.0%, announced that Chief Financial Officer Andrew Fabian would be stepping down from his position on 19 December 2022.
Gaming Realms, unchanged at 25.0p, announced that it has appointed Investec Bank as Joint Broker, with immediate effect.
CyanConnode Holdings, unchanged at 12.8p, announced in its interim results that revenues fell to £1.3m from £4.1m recorded in the same period a year ago.
GRC International Group, unchanged at 24.0p, today, announced that its IT Governance business has been awarded a G-Cloud 13 framework contract. Feedback, unchanged at 85.5p, today, announced in its trading update for the six months ended 30 November 2022, that revenue for the period is expected to be around £0.6m (HY22: £0.2m).
UK markets closed lower last week, as hawkish comments from major central banks stoked worries over recession. On the macro front, UK’s consumer price inflation slowed at its sharpest pace in 16 months in November, as rise in fuel prices eased while, the nation’s retail sales unexpectedly fell in November, amid cost-of-living crisis. Moreover, UK’s unemployment rate rose for a second consecutive month in the three months to October. On the contrary, UK’s GDP grew in October, while the nation’s, both, manufacturing production and industrial production rebounded in the same month. The FTSE 100 index fell 1.9% to settle at 7,332.1, while the FTSE AIM 100 index fell 1.5% to close at 3,934.4. Meanwhile, the FTSE techMARK 100 index lost 0.9% to end at 6,215.8.
US markets ended lower in the previous week, after the US Federal Reserve (Fed) raised its key interest rate by 50 basis points and forecasted additional rate hikes. On the data front, the US consumer price inflation eased to its lowest level this year in November, amid drop in the price of gasoline and used cars, while the nation’s monthly budget deficit widened in the same month, amid increase in spending and fall in revenue. Further, the US retail sales dropped to an 11- month low level in November, while the nation’s industrial production unexpectedly fell for the first time since June in the same month, amid fall in demand. Meanwhile, the US initial jobless claims declined in the week ended 9 December 2022. The DJIA index fell 1.7% to end at 32,920.5, while the NASDAQ index lost 2.7% to close at 10,705.4.
