Abcam, up 2.0%, announced that it has appointed Tommy Thomas as Vice President of Investor Relations.
Bango, up 17.7%, announced that it has entered into an agreement with TelevisaUnivision, Inc. to license the Bango Platform.
GRC International Group, up 14.6%, announced that its IT Governance business is now providing Payment Card Industry (PCI) Qualified Security Assessor (QSA) services in the USA.
Oracle Power, up 6.0%, announced that it has entered into a non-binding Memorandum of Understanding (MoU) with Nuvera Fuel Cells LLC (Nuvera) to explore opportunities for de-carbonised heavy-duty transport and port infrastructure in Pakistan powered by green hydrogen.
Tristel, up 4.4%, announced the submission of its De Novo request for approval to The United States Food and Drug Administration. The company is also proceeding with the state registration of another version of Duo which has been approved by the United States EPA for the disinfection of general medical surfaces.
CyanConnode, down 15.5%, announced that it has received a follow-on order from IntelliSmart Infrastructure Pvt Ltd (IntelliSmart), for the smart metering deployment in Assam, India.
LPA Group, down 6.8%, in its interim results, announced that revenues dropped to £8.63m from £9.30m recorded in the previous year. The Board considers it prudent to continue the pause in dividend payments, however, this remains under constant review.
SDI Group, down 5.7%, announced that Ami Sharma would take over the role of Chief Financial Officer (CFO), Jon Abell, with effect from 8 August 2022. The company also announced that Isabel Napper, Non-Executive Director, is stepping down from the board, effective 8 August 2022.
IQGeo Group, down 2.8%, today, announced that its fibre planning, design, and field survey software has been chosen by one of the largest US telecom network operators to increase their fibre construction process. The contract is for three-years and has a software subscription value of around $3.60m ($1.20m ACV) for an initial cohort of users and service value of around $2.10m
UK markets ended lower last week, amid persistent concerns over economic growth. On the data front, UK’s economic growth slowed in 1Q 2022, while the nation’s current account deficit widened in the first quarter. Additionally, UK’s manufacturing PMI fell to a 2-year low in June, as new orders contracted for the first time in 17 months, while the Nationwide housing prices climbed less than expected in June, as rising inflation forced consumers to cut back on spending. Meanwhile, UK’s shop prices climbed at its fastest rate since 2008 in May, driven by rise in cost of food. The FTSE 100 index declined 0.6% to settle at 7,168.7, while the FTSE AIM 100 index fell 2.7% to close at 4,156.5. Also, the FTSE techMARK 100 index lost 1.4% to end at 5,775.6.
US markets ended lower in the previous week, as the US economy contracted in the first quarter of 2022, fuelling recession fears. On the macro front, the US ISM manufacturing PMI declined in June, while the Chicago Purchasing Managers’ Index fell to a 2-year low in June. Moreover, the US consumer confidence index declined to a 16-month low in June, on concerns over high inflation, while the nation’s construction spending unexpectedly declined in May. Meanwhile, the US durable goods orders grew more than expected in May, while pending home sales rebounded in May. Also, the US personal income advanced in May. The DJIA index fell 1.3% to end at 31,097.3, while the NASDAQ index lost 4.1% to close at 11,127.8.
