Oracle Power, up 100.0%, announced that the receipt of assay results for the first two reverse circulation (RC) drill holes of an 11-drill hole programme for 1,289 metres was recently completed at the Northern Zone Intrusive Hosted Gold Project, located in Western Australia.
Checkit, up 5.7%, announced at the general meeting held on 19 March 2025, the resolution to approve the allotment of the new ordinary shares in connection with the recommended all-share merger of Checkit and Crimson Tide was passed by the requisite majority of Checkit shareholders.
CyanConnode, up 3.5%, announced that it has secured a £5m unsecured loan from its substantial shareholder Axia Investments Limited (Axia Investments) to support near-term opportunities to grow the business.
Dialight, unchanged at 120.0p, announced that Neil Johnson has assumed the role of executive chair of the company with immediate effect.
1Spatial, down 10.9%, in its trading update, announced that the group surpassed expectations from software sales (term licence and SaaS) during FY2025, with this higher gross margin revenue increasing by over 35% to £11.5m (FY2024: £8.5m).
Sareum, down 7.4%, announced that it will release its unaudited half-year results for the six months ended 31 December 2024 on 25 March 2025.
Science Group, down 2.8%, today, in its audited results, announced that revenues dropped to £110.67m from £113.34m recorded in the previous year.
SDI Group, down 2.8%, announced an update on recent activities from within the company's portfolio. Customer-focused product development remains central to the ongoing success of many of its portfolio businesses, and the momentum in R&D since the start of the year is extremely pleasing.
Nexteq, down 2.2%, in its audited full year results, announced that revenues dropped to $86.68m from $114.35m recorded in the previous year.
LPA Group, down 1.8%, in its AGM statement, announced that trading in the first five months of the financial year, together with the current year order book and pipeline, leave the company on track to deliver full-year market expectations.
UK markets ended mostly higher last week, as the Bank of England (BoE) kept rates steady at 4.50%. On the data front, the UK GfK consumer confidence unexpectedly advanced in March, while the nation’s Rightmove house price index rose in March. Moreover, the UK ILO unemployment rate remained steady as expected for the three months in January. Separately, the Bank of England (BoE) left its key interest rates unchanged at 4.50%, as expected. However, the central bank cautioned against assumptions on future rate cuts, amid intensifying uncertainty over global trade policy and weak economic growth in the UK. The FTSE 100 index advanced 0.2% to settle at 8,646.8, while the FTSE AIM 100 index rose 0.2% to close at 3,324.8. Meanwhile, the FTSE techMARK 100 index lost 3.8% to end at 6,541.1.
US markets ended higher in the previous week, after the US Federal Reserve (Fed) hinted at two potential rate cuts later this year. On the macro front, the US existing home sales unexpectedly rebounded in February, while the nation’s housing starts climbed more than expected in February. Moreover, the US weekly jobless claims rose less than expected in the week ended 14 March 2025. Meanwhile, the US retail sales rose less than expected in February, while the nation’s building permits fell less than anticipated in February. Also, the US Philadelphia Fed manufacturing index dropped less than expected in March. Separately, the US Federal Reserve (Fed) kept its benchmark interest rate steady at 4.50%, as widely expected and signalled two cuts were likely this year. The DJIA index rose 1.2% to end at 41,985.4, while the NASDAQ index gained 0.2% to close at 17,784.1.
