Johnson Matthey, up 0.4%, along with Honeywell UOP announced that they have signed a Memorandum of Understanding (MoU) to offer an end-to-end solution for businesses developing alternative fuels from a wide range of feedstocks, including municipal solid waste, residual biomass, biogas, and CO₂ (captured and renewable).
Raspberry PI Holdings, down 0.1%, announced that it has signed a strategic partnership with SECO S.p.A (SECO), the leading Italian based provider of IoT solutions, payment systems and industrial hardware, ahead of the Compute Module 5 (CM5) product launch.
Kier Group, up 8.7%, in its AGM trading update, announced that it has made a good start in the current financial year (FY25) and the group is trading in line with the board's expectations.
Creightons, up 21.4%, in its first-half trading update, announced that the group estimates that its profit before taxation for the unaudited interim period to 30 September 2024 will be notably higher than that of the comparable period in the previous year. The company will publish its interim report for the period to 30 September 2024 on 28 November 2024.
Netcall, up 4.6%, today announced that its annual general meeting (AGM) would be held at 10.30 am on 17 December 2024 at the offices of DLA Piper UK LLP, 160 Aldersgate Street, London, EC1A 4HT.
Science Group, up 0.2%, in its trading update, announced that its trading performance for FY24 remains on track to deliver another record year of adjusted operating profit in line with expectations.
Oracle Power, down 50.0%, announced that the latest round of drilling at the Northern Zone Intrusive Hosted Gold Project in Western Australia has now been completed. Separately, the company announced that it has raised gross proceeds of £150,000 by way of a subscription for 1,153,846,154 new ordinary shares in the capital of the company at a price of 0.013p per share.
CyanConnode Holdings, down 6.9%, announced that it has appointed Mr Lyndon Faulkner to the board as a Non-Executive Director with immediate effect.
SDI Group, down 5.6%, announced that it would release its interim results for the six months ended 31 October 2024 on 5 December 2024.
Dialight, down 1.2%, announced that Carolyn Zhang has resigned as the Group Chief Financial Officer (CFO) from the company, with immediate effect.
UK markets ended lower last week, as Britain’s economic growth slowed in 3Q 2024. On the data front, the UK gross domestic product grew less than expected in 3Q24. Additionally, UK manufacturing production dropped more than expected in September, while the nation’s industrial production unexpectedly declined in September. Also, the UK ILO unemployment rate rose more than expected in the three months to September. Meanwhile, the UK RICS house price balance index climbed more than expected in October. The FTSE 100 index declined 0.1% to settle at 8,063.6, while the FTSE AIM 100 index fell 1.1% to close at 3,517.7. Additionally, the FTSE techMARK 100 index lost 1.1% to end at 6,393.6.
US markets ended lower in the previous week, amid worries over slower rate cuts by the US Federal Reserve. On the macro front, the US consumer price index rose as anticipated in October, amid higher prices for shelters such as rents, while the nation’s producer price index advanced more than expected in October, driven by higher costs for services. Moreover, the US retail sales rebounded more than anticipated in October, amid a rise in sales by motor vehicle and parts dealers, while the nation’s weekly jobless claims unexpectedly fell to a nearly six-month low in the last week ended on 08 November 2024. The DJIA index fell 1.2% to end at 43,445.0, while the NASDAQ index lost 3.1% to close at 18,680.1.
