Darktrace, up 0.2%, announced that pursuant to the company’s announcement on 26 April 2024 and 18 June 2024, all of the conditions relating to the regulatory and antitrust approvals have now been satisfied. Accordingly, it is now expected that the scheme will become effective on 01 October 2024.
Johnson Matthey, up 2.4%, announced that it has appointed Sinead Lynch as an independent Non-Executive Director, with effect from 1 January 2025.
Kier Group, down 2.9%, in its final results, announced that group revenues rose to £3.91b from £3.41b recorded in the previous year. The board has proposed a final dividend of 3.48p per share, combined with the interim dividend of 1.67p, the total dividend of 5.15p in FY24, which will be paid on 29 November 2024 to shareholders.
CyanConnode Holdings, up 11.1%, announced the completion of placing 20,204,063 new ordinary shares through an accelerated bookbuild. The company has raised funds of around £5.4m, which was oversubscribed, at an issue price of 9p per new ordinary share.
Frontier Developments, up 2.7%, in its full-year results, announced that revenues dropped to £89.27m from £104.58m recorded in the previous year. Loss before tax widened to £28.43m from £26.51m.
Cambridge Cognition Holdings, down 16.1%, announced that Chief Executive Officer, Dr Matthew Stork has resigned with immediate effect.
Checkit, down 10.6%, in its interim results, announced that revenues climbed to £6.7m from £5.7m recorded in the same period of the previous year.
Sareum Holdings, down 10.2%, today, announced it has received a notice of allowance from the China National Intellectual Property Administration. Bango, down 7.2%, announced that its Non-Executive Director, Tony Perkins has been appointed as Senior Independent Director, with immediate effect.
Netcall, down 3.8%, announced that it has acquired a provider of intelligent document processing software, Smart & Easy NV (trading as Parble).
Nexteq, down 2.5%, in its interim results, announced that revenues declined to $48.23m from $56.29m recorded in the same period of the previous year.
Gaming Realms, down 2.3%, in its interim results, announced that revenues rose to £13.58m from £11.54m recorded in the same period of the previous year. The Directors have not proposed an interim dividend for the period. Tristel, down 0.6%, announced the submission of a Premarket Notification 510(k) with the US Food and Drug Administration (FDA) for Tristel OPH including re-usable tonometers, pachymeters and lenses that make contact with the cornea.
UK markets ended higher last week, lifted by gains in precious metal mining sector stocks. On the data front, UK’s ILO unemployment rate dropped as expected in the three months to July, while the nation’s RICS housing price balance index rose more than anticipated in July. Meanwhile, Britain’s economy unexpectedly stagnated for a second straight month in July. Additionally, UK’s industrial production unexpectedly fell in July, while the nation’s manufacturing production unexpectedly declined in July. The FTSE 100 index advanced 1.1% to settle at 8,273.1, while the FTSE AIM 100 index rose 0.7% to close at 3,583.7. Additionally, the FTSE techMARK 100 index gained 2.7% to end at 6,869.8.
US markets ended in green in the previous week, following less-than-expected US inflation data raised hopes for rate cuts by the US Federal Reserve. On the macro front, the US Michigan consumer sentiment index advanced to a four-month high in September. Meanwhile, the US consumer price index rose less than expected in August, while the nation’s producer price index advanced less than anticipated in August. Moreover, the US weekly jobless claims rose as expected in the week ended 06 September 2024. The DJIA index rose 2.6% to end at 41,393.8, while the NASDAQ index gained 6.0% to close at 17,684.
