Quixant, up 5.7%, its annual results for the year ended 31 December 2022, announced that group revenues increased 18.0% to $119.9m from $87.1m recorded in the previous year.
LPA Group, up 3.1%, stated that trading has been in line with expectations, and it anticipates a return to full year profitability this year, notwithstanding the difficult trading period in the first six months of the year.
Quartix Technologies, up 1.9%, announced in its trading statement, that trading for the first two months of 2023 has been consistent and in line with expectations.
Xaar, up 1.8%, announced that it would publish its annual results for the year ended 31 December 2022 on 28 March 2023.
Sareum Holdings, down 7.5%, in its unaudited results for the six months ended 31 December 2022, announced that it reported nil revenues during the period. Loss before tax widened to £1.7m from £1.0m recorded in the same period a year ago.
Science Group, down 4.5%, in its audited results for the year ended 31 December 2022, announced that revenues advanced to £86.3m from £81.2m recorded in the previous year.
IQGeo Group, down 2.5%, in its final audited results for the year ended 31 December 2022, announced that revenues increased to £26.6m from £13.8m reported in the previous year.
Dialight, down 1.9%, announced that David Thomas would resign from the Chair role at the end of the annual general meeting on 16 May 2023. Further, Neil Johnson has been appointed as Non-Executive Chairman. Tristel, down 1.8%, today, announced that it has submitted the additional data requested by the US Food and Drug Administration (FDA) to enable the FDA's decision to grant market clearance for its Duo ULT high-level disinfectant.
Oracle Power, down 1.2%, announced that the recently acquired land lease of 7,000 acres has now been registered in the Government of Sindh's land registry.
UK markets closed higher last week, as fears surrounding financial sector crisis eased. On the data front, UK’s consumer price index (CPI) accelerated in February, amid rise in food and energy bills, while the nation’s retail sales climbed at its fastest pace in four months in February, driven by surge in non-food stores sales. Additionally, UK’s GfK consumer confidence index advanced to a one-year high in March, while the nation’s Rightmove house price index rose in March. Meanwhile, UK’s, both, manufacturing and services PMIs fell in March. Furthermore, UK’s public sector borrowing recorded its highest deficit since 1993 in February, on energy support schemes. The FTSE 100 index advanced 1.0% to settle at 7,405.5, while the FTSE AIM 100 index rose 0.1% to close at 3,818.1. Meanwhile, the FTSE techMARK 100 index gained 1.1% to end at 6,498.1.
US markets ended higher in the previous week, as US Treasury Secretary, Janet Yellen pledged to provide additional measures to keep Americans’ deposits safe. On the macro front, the US existing home sales climbed for the first time in 13 months in February, amid decline in mortgage rates while the nation’s new home sales rose to its highest level since August 2022 in February. Additionally, initial jobless claims unexpectedly declined in the week ended 17 March 2023, while the nation’s current account deficit unexpectedly narrowed in 4Q22. Moreover, the US manufacturing PMI advanced to a five-month high level in March, while the nation’s services PMI increased in the same month. Meanwhile, the US Chicago Fed National Activity Index dropped in February, while the nation’s durable goods orders unexpectedly fell in February. The DJIA index rose 1.2% to end at 32,237.5, while the NASDAQ index gained 1.7% to close at 11,824.0.
