DS Smith, up 0.7%, announced that it has installed state-of-the-art Nozomi 14000 AQ single-pass water-based printer at its Torrelavit packaging facility in Spain. The printer is designed to create high-resolution printing with water-based ink.
Cambridge Cognition Holdings, up 11.7%, announced that it has been chosen to provide voice and touchscreen assistance for the Global AlzheimerÕs Platform FoundationÕs Bio-Hermes 2 project.
Frontier Developments, up 7.1%, announced that its Planet Coaster 2 will be launched in autumn 2024 (in Frontier's FY25) on PC, PlayStation®5, and Xbox Series X|S.
Quartix Technologies, up 4.9%, in its trading update, announced that it expects to report revenue, adjusted EBITDA, pre-tax profit and free cash flow for the period of £16.0m, £2.6m, £2.6m, and £0.9m, respectively. The company's net cash balance for the period-end stood at £2.6m. The company would release its interim results for the six months ended 30 June 2024 on 29 July 2024.
Sareum Holdings, up 3.0%, announced that its co-founder and Chief Executive Officer (CEO), Dr. Tim Mitchell, will after twenty years with the company, transition to the part-time role of Chief Operating Officer (COO). Dr. Mitchell will continue to serve on Sareum's Board of Directors.
Bango, up 2.8%, today, in its trading update, announced that its total revenue rose by 19% to $24.1m (1H23 $20.3m). Its annual recurring revenue (ARR) up by 130% to $12.9m (1H23: $5.6m) due to DVM usage growth and new customer wins.
Creightons, down 11.9%, announced that it expects to release its audited preliminary results for the year ended 31 March 2024 on 18 July 2024.
Feedback, down 8.8%, announced that it signed a partnership contract with Vertex In Healthcare (Vertex), a specialist clinical IT firm with offices in the UK, UAE and South Africa, to combine key technologies and resell each other's products to drive commercial opportunities in multiple markets.
Oracle Power, unchanged at 0.02p, announced that it has received assay results from its recently completed Reverse Circulation (RC) drilling programme at the Northern Zone Intrusive Hosted Gold Project, located 25 km east of Kalgoorlie in Western Australia.
UK markets ended higher last week, following an upbeat Britain’s GDP data. On the data front, the UK gross domestic product grew more than expected in May. Additionally, the UK manufacturing production rose as expected in May, while the nation’s industrial production advanced as anticipated in the same month. Meanwhile, the UK BRC like-for-like retail sales unexpectedly dropped in June, amid a sharp drop in consumer spending, while the nation’s RICS housing price balance unexpectedly remained unchanged in June. The FTSE 100 index advanced 0.6% to settle at 8,252.9, while the FTSE AIM 100 index rose 1.3% to close at 3,783.3. Additionally, the FTSE techMARK 100 index gained 1.9% to end at 7,094.2.
US markets ended higher in the previous week, amid hopes of an interest rate cut by the US Federal Reserve in September. On the macro front, the US producer price index unexpectedly climbed in June, while the nation’s weekly jobless claims declined more than anticipated in the week ended 05 July 2024. Meanwhile, the US consumer price index rose to its lowest level in more than three years in June. Moreover, the US Michigan consumer sentiment index unexpectedly fell to an eight-month low in July. The DJIA index rose 1.6% to end at 40,000.9, while the NASDAQ index gained 0.2% to close at 18,398.4.
