Eleco: British software giant sees revenue soar as businesses look for AI solutions September 10, 2024 Software company Eleco has seen its revenue continue to soar as a growing number of businesses turn to tech to help improve efficiency. The listed company, which is headquartered in London and has offices across the UK and Europe, saw its revenue hit £16.2m in the six months ending June 30, 2024, up from £13.4m [...]
London dividend payouts slow as mining gravy train runs out of steam September 10, 2024 London investors were left short-changed in the second quarter of the year as miners reined in dividends after years of blockbuster payouts, according to new research. Firms like Glencore and Rio Tinto have formed the bulk of payouts in the City in recent years as swinging commodity prices pushed up profits in the sector. However, [...]
Luceco: Sales rise beyond expectations at lighting giant September 10, 2024 Revenue at LED lighting specialist Luceco grew beyond expectations during the first half of its financial year as easing inflation helped to stabilise prices. The London-listed firm, which is headquartered in Telford, saw its sales increase to £109.6m in the six months ending 30 June, 2024, up from £101.1m in the same period last year. [...]
Gamma Communications eyes move from AIM to FTSE 250 September 10, 2024 Gamma Communications, the UK-based business call services provider, is considering a move to the London Stock Exchange’s Main Market following a strong set of interim results which could potentially see the company moving from AIM to the FTSE 250 Index. Shares in Gamma surged by as much as 10 per cent in early trading on [...]
Capital & Regional: Praxis out of the running to buy shopping centre giant September 10, 2024 Shares in Capital & Regional have fallen by 14 per cent after a prospective bidder for the UK shopping centre owner said it was bowing out of the process. Praxis, a London-based property investor, said it doesn’t intend to make an offer for the listed company – which owns shopping malls in Edinburgh, Hemel Hempstead [...]
Shares in Apple supplier IQE plunge as guidance disappoints and debt pile grows September 10, 2024 Shares in semiconductor supplier IQE plummeted 14 per cent in early trading on Tuesday after it disappointed investors with weak guidance and as it racked up debt. The Cardiff-based manufacturer of compound wafers used to make semiconductors said its full-year guidance lies at the lower end of consensus forecasts of revenue between £130m and 154m. [...]
Astrazeneca drags down the FTSE 100 following mixed cancer trial results September 10, 2024 Shares in Astrazenca and Daiichi Sankyo nose dived today after the pair revealed mixed results in their lung cancer drug's late-stage trial.
Mpac Group hails profit surge as expansion strategy pays off September 10, 2024 Packaging automation company Mpac Group has reported a jump in revenue as “sound foundations” laid in 2023 begin to pay off. The London-listed company, which is headquartered in Coventry, saw its sales increase to £60m in the six months ending June 30, 2024, up from £52.8m in the same period last year – an increase of [...]
James Fisher and Sons back in the black after selling off businesses September 10, 2024 Marine services provider James Fisher and Sons has clawed its way out of the red despite a slump in sales after selling off a number of businesses. The London-listed company, which is headquartered in Barrow-in-Furness, made a pre-tax profit of £200,000 in the six months ending June 30, 2024, up from a pre-tax loss of £4.4m [...]
Regional REIT on ‘much stronger footing’ after emergency capital raise September 10, 2024 Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in June issued a £110m capital raise to stave off liquidation, said it had paid off in full its £50m retail bond and that the company is [...]