Johnson Matthey, up 0.4%, announced that it has entered into a contract with Noya to 'shift the dial' on carbon removal. The partnership will scale up sorbent manufacturing using proven techniques to support Noya’s upcoming pilot and commercial facilities.
1Spatial, up 3.0%, announced that it has signed a 12-month contract with Surrey County Council for its 1Streetworks SaaS solution for £1m. The 1Streetworks’ cloud-based SaaS solution fully automates traffic management plans, diversion routing, and asset inventory lists. It also enables the plans and their location to be shared with other users on the platform.
CyanConnode Holdings, up 1.3%, today, announced that it received a follow-on order with a value of more than $1m for cellular gateways in the Middle East and North Africa (MENA) region. The full order is scheduled for delivery within this financial year, which ends on 31 March 2025.
Sareum Holdings, down 7.4%, announced that it has raised a further £1.0m, from certain investors including the institution that participated in the 11 October 2024 fundraise through a subscription for a total of 4,444,444 new ordinary shares of 1.25p each in the capital of the company at a price of 22.5p per new ordinary share. Separately, the company announced that it would release its financial results for the year ended 30 June 2024 on, 29 October 2024.
Tristel, down 6.3%, in its audited preliminary results for the year ended 30 June 2024, announced that revenue climbed to £41.93m from £36.01m recorded in the previous year. Profit before tax widened to £7.08m from £5.11m. The company has proposed a final dividend of 13.52p (2023: 10.50p), subject to approval by shareholders at the forthcoming annual general meeting. This final dividend will be paid on 20 December 2024, to shareholders.
Science Group, down 3.0%, announced that it has appointed Canaccord Genuity Limited as nominated adviser and joint corporate broker with immediate effect, alongside existing corporate broker Panmure Liberum Limited.
LPA Group, down 0.9%, announced that it has appointed Philo Daniel-Tran as Chief Executive Officer, who would join as Director of the company in January 2025.
UK markets ended lower last week, following a series of disappointing domestic economic data. On the data front, the UK manufacturing PMI dropped more than expected in October, while the nation’s services PMI fell more than anticipated in October. Moreover, the UK GfK consumer confidence fell to its lowest level since March in October. The FTSE 100 index declined 1.3% to settle at 8,248.8, while the FTSE AIM 100 index fell 2.8% to close at 3,503. Additionally, the FTSE techMARK 100 index lost 1.8% to end at 6,651.9.
US markets ended mixed in the previous week. On the macro front, the US manufacturing PMI rose more than expected in October, while the nation’s services PMI unexpectedly rose in the same month. Additionally, the US durable goods orders fell for the second straight month in September, while the nation’s weekly jobless claims unexpectedly fell in the week ended 18 October 2024. Also, the US Michigan consumer sentiment index unexpectedly improved in October, while the nation’s new home sales climbed more than anticipated in September. Meanwhile, the US existing home sales declined to a 14-year low in September, due to higher mortgage rates and house prices. Separately, the US Beige Book reported that economic activity was little changed since early September, and firms witnessed a slight uptick in hiring. The DJIA index fell 2.7% to end at 42,114.4, while the NASDAQ index gained 0.2% to close at 18,518.6.
