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Digital technology services provider Made Tech (LON: MTEC) says the strong start to the year has continued into the second quarter. Sales bookings of £37.5m have been achieved so far this year. This means that revenues should be ahead of expectations with margins maintained. A full year pre-tax profit of £1.3m is forecast. The company […]
The FTSE 100 again showed no signs of conviction to move in either direction on Thursday, with a mix of corporate earnings driving trade. Nvidia was the big talking point on Thursday after the chip maker missed sales guidance expectations for Q4, despite smashing Q3 revenue and earnings estimates. A 3% drop in the US […]
Nvidia shares were lower in the US market after the chip maker smashed Q3 revenue and earnings estimates but fell short of analysts’ expectations for Q4 revenue guidance. The 4% drop in Nvidia shares despite sales nearly doubling in Q3 compared to the prior year underscores just how high investors’ expectations are for the chip […]
CleanTech Lithium shares jumped on Thursday after the company announced a significant milestone by successfully producing its first batch of pilot-scale lithium carbonate at a facility in Chicago, USA. The Chilean-focused exploration company is developing Direct Lithium Extraction (DLE) technology designed to produce environmentally friendly lithium. The company has successfully processed its first tank of […]
George Barrow, co-manager of the Polar Capital Global Financials Trust Rather than thinking of financials as UK banks plus a couple of insurance stocks, it might be time to see the sector as more like technology or healthcare. Although clearly different in many respects, they are all major global sectors with varied subsectors that diversify […]
Main Market miner Hamak Gold (LON: HAMA) has sold its 10.1% stake in Vela Technologies (LON: VELA). These are the remaining shares used to pay for £300,000 of convertible loan notes. The deemed issue price was 0.012375p/share. The Vela Technologies share price has recovered 27.3% to 0.007p. Iron treatment provider Shield Therapeutics (LON: STX) says […]
JD Sports shares sank on Thursday after the sportswear retailer announced a poor trading period that would impact full-year profits. JD Sports has announced that, following challenging trading conditions in October, it expects full-year profits to be at the lower end of its previous guidance range of £955-1035 million. The sports fashion retailer cited softer […]
At the start of last month, it looked as though there was going to be a handbag-swinging duel between the two largest shareholders in the Mulberry Group (LON:MUL). The Somerset-based company is the UK’s largest manufacturer of luxury leather goods. There was a period, years ago, when the bags were totally ‘chic’ and could fetch […]
UK interest rates are expected to remain higher for a longer period than previously thought, as UK inflation rose to 2.3%, a sharp 0.6% increase from September’s reading. “Annual CPI inflation rose to 2.3% in October, following a temporary dip to 1.7% in September driven by base effects from last year. This increase comes amidst […]
GenIP shares jumped on Wednesday after the Generative AI analytics firm announced surging orders and pointed to encouraging negotiations with potential new clients. After listing on London’s AIM in October, GenIP has announced a series of corporate updates that provide insights into the pace of sales and orders for its Generative A analytics services. Today’s […]
The FTSE 100 posted minor gains on Wednesday, which would have come as a welcome relief for UK equity investors, given the backdrop of geopolitical risks and rising UK inflation. Concerns about possible escalation in the Ukraine-Russia war were reignited yesterday after Russia hinted at the use of nuclear weapons in response to missile attacks […]
British Land shows signs of stabilisation after a period of uncertainty as the company transitions its portfolio to better-performing assets. Property operators have suffered during the pandemic, and uncertainties around working and shopping trends have rocked rental value across vast swathes of commercial properties. British Land reacted by shaking up its portfolio, and the Real […]
The FTSE 100 dipped on Tuesday as tensions in Eastern Europe ratcheted up amid threats of a nuclear response by Russia after Ukraine fired missiles at targets in Russia for the first time. The Ukraine-Russia conflict is a primary uncertainty following the reelection of Donald Trump. However, it’s the outgoing President Biden who sparked the […]
After the recent spate of global elections, it would be totally understandable for investors to consider that the pollster companies were making a fortune. However, it may not be that way at all. For instance, take a look at YouGov (LON:YOU), the group that describes itself as the #1 most-quoted market research source worldwide, being […]
Lung cancer diagnostic technology developer LungLife AI Inc (LON: LLAI) says that there has been a positive response to the Early Access Programme for LungLB. Orders have been received. Medicare coverage will be applied for. The MoIDx programme has been used to streamline the evaluation process and has provided guidance. Management is still trying to […]
Guardian Metal Resources (LON: GMET) believes that the tightening of export controls by China enhances the potential for its tungsten project in Nevada. Drilling at the Pilot Mountain project is progressing well. This will support the pre-feasibility study, and the next batch of results should be available in the next few weeks. The share price […]
On Thursday of this week, 21st November, I would like to see a positive statement from Speedy Hire (LON:SDY), certainly good enough to rekindle some upward action in the group’s share price. Currently, they are trading at around the 29.80p level, while analysts are valuing them at up to 51.7p. The Business Speedy Hire, which […]
Imperial Brands shares jumped on Tuesday, hitting five-year highs after the tobacco and vaping company announced its final results, revealing strong growth in its new generation products segment. Cigarette smoking rates are rightly falling across the developed world, which poses a big problem for the major listed manufacturers. However, Imperial Brands has done well to […]
The FTSE 100 traded in a tight range on Monday with little impetus to move UK stocks in either direction. London’s leading index traded positively for most of the session, gently undulating between flat and up around 20 points. At the time of writing, the index was 0.1% lower at 8,054. Directionless trade is a […]
Although the farmers lining up their tractors on Whitehall today may disagree, changing the IHT tax regime around farms may be good for the UK economy. In 2022/23, the UK farming industry received £2.3bn in government handouts to support activities that would otherwise be uneconomical. Not many other industries receive such a high level of […]
It’s very easy to be pessimistic about UK stocks. However, the bull case for UK equity is much stronger than many market commentators would have you believe. The headline earnings multiples of UK equities convey deep value, but the bull case for UK equity runs a lot deeper than average price-to-earnings ratios. Several structural tailwinds […]
It is increasingly important for companies to keep their costs as low as possible in tough economic times. Selling software to enable clients to do this is not as easy a sell as it might be expected to be. It takes time to gain new customers, but once they are signed up, there is generally […]
Irish bevtech start-up GoodBrew is successfully bucking the trend in the current slow FMCG investment environment. The maker of functional cold brew drinks has taken an unconventional approach to their current funding round; turning to social media platform TikTok to attract a younger demographic of investors to its Crowdcube campaign available here. The Enterprise Ireland […]
Halma has bolstered its portfolio of technology companies by acquiring a Paris-based medical device company. Halma has acquired French medical device manufacturer Lamidey Noury Medical for €50 million in cash. Lamidey Noury, which produces electrosurgical devices for minimally invasive surgery with distribution in over 60 countries, reported unaudited revenue of €13.6 million (£11.4 million) for […]
Crypto app developer Tap Global Group (LON: TAP) shares jumped 336% to 3.05p. The company has appointed Peter Wall as strategic adviser, and it is intended that he will become chairman. He used to be chief executive of Argo Blockchain. In the year to June 2024, unaudited revenues were £2.67m and they continue to rise. […]
What is the expression? All the world likes a ‘trier’! And certainly, that is how I consider Mike Ashley, especially in his recent efforts to gain more retail sector dominance. Don’t get confused with the term ‘chancer’ because, unless you know differently, I do not believe Ashley to be such a person. Just like a […]
Fabless silicon chip designer and manufacturer EnSilica (LON: ENSI) was hit by a share price decline after its recent its recent full year results. That sparked buying by directors. Executive chairman Mark Hodgkins acquired 115,000 shares at 44.1p each. He owns 666,000 shares. Non-executive director David Tilston bought 55,000 shares at 42p each. That takes […]
Download the presentation slides. Aurora Investment Trust is managed by Phoenix Asset Management Partners. Their research process often takes years. It has involved everything from hanging around with Games Workshop fanatics to analysing the Indian deodorant market. They’ve monitored cricket bat prices for their work on Sports Direct, recruited mystery shoppers for Morrisons, and tracked […]
The FTSE 100 traded sideways for most of Friday’s session after a sell-off of US equities overnight on revisions to interest rate cut expectations spilt over into the European session. Federal Reserve Chair Jerome Powell’s comments overnight sent US equities into a tailspin. Powell signalled that the Fed was in ‘no hurry’ to cut rates […]
Aquis Exchange (LON: AQX) is recommending a bid from rival exchange trading business SIX Exchange. The offer is 727p/share in cash, which values the company at £225m. There had been several previous proposals from SIX. The combined business will have greater pan-European scale and be able to expand internationally. SIX is particularly interested in the […]
Download the presentation slides. Temple Bar is a well-established investment company, taking a value approach combined with deep fundamental analysis to offer something distinct to investors. The Trust is managed by Nick Purves and Ian lance of Redwheel , who have more than fifty years of investment experience between them and have been working as […]
Download the presentation slides. Vietnam Holding (VNH) invests in high-growth companies in Vietnam, focusing on domestic consumption, industrialisation and urbanisation. Launched in 2006, VNH is a closed-end fund listed on the London Stock Exchange.
The UK Small and Micro Cap market is awash with undervalued growth opportunities not appreciated by the broader UK equity market, leaving them to trade at low valuations. Many are being bid for by competitors or overseas private equity. We have scoured fund manager commentary for potential hidden gems favoured by professional investors and held […]
TT Electronics shares were sharply higher in early Friday trade on news that Lonon-listed competitor Volex had made several takeover approaches. Volex, a specialist in data connectivity solutions, has made two separate takeover proposals to TT Electronics. According to a statement released by Volex on Friday, TT Electronics’ board rejected both offers and declined to […]
Cancer diagnostics developer Angle (LON: AGL) technology is being showcased at an American Association for Cancer Research special conference. Angle is presenting a talk on PD-L1 status in circulating tumour cells isolated by its Parsortix diagnostics technology from blood samples of lung cancer patients. Data produced has high analytical sensitivity and specificity and suggests that […]
On Wednesday of next week, 20th November, Renold (LON:RNO), the chain and transmission equipment group, will be reporting its Interim Results for the six months to end-September. They should be showing a good set of figures and a near record order book for the full year to end March 2025. On broker’s estimates the group’s […]
Innovative Eyewear, the developer of ChatGPT-enabled smart eyewear, has reported substantial financial growth for the first nine months of 2024, with net revenue reaching $945,752, representing a 76% increase compared to the same period in 2023. Revenue growth has been attributed to successful product launches throughout the year, including the company’s Lyte XL collection and […]
Burberry shares stormed higher in hopes that a fresh strategy update announced today will spark a turnaround in the fashion brand’s fortunes after the group revealed a 20% drop in revenue in the last half-year period. The sharp decline in sales is bordering on catastrophic for the brand after years of spluttering sales growth and […]
The RICS Residential Survey for October has signalled a further improvement in the UK property market as buyer activity picks up and first-time buyers rush to beat the changes in stamp duty announced by Labour in the recent budget. The RICS Residential Survey compiles the views of Chartered Surveyors who operate in the residential sales […]
Arc Minerals shares sank on Thursday after the group announced the completion of its initial drilling programme at the Virgo Project, located in Botswana’s Kalahari Copper Belt. The exploration company has successfully concluded a 3,000-metre drilling campaign across eight holes at its PL135/2017 license area, yet the market seems unhappy with the results as shares […]