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Director deals: Seeing Machines heading towards profitability - UK Investor Magazine
Driving safety technology developer Seeing Machines (LSE: SEE) chief executive Paul McGlone has been buying shares since the release of interim results. He initially bought 450,000 shares at 5.09p/share and 50,882 shares at 5.04p/share. That was followed by the purchase of 200,000 shares at 4.07p/share and 440,000 shares at 4.08p/share. That takes his shareholding to […]
Zenova Group receives 'major' fire-protective paint order, shares jump - UK Investor Magazine
Zenova Group shares jumped in early trade on Monday after announcing a new deal for the supply of their fire-protective paint. Zenova Group, a fire suppression and interdiction solutions company, has secured a substantial two-year contract with Drips and Sparks Ltd. The contract entails the supply of 200,000 litres of Zenova’s FP coating, which will […]
AIM movers: Keras Resources processing project progress and Libertine strategic review - UK Investor Magazine
Keras Resources (LON: KRS) expects the integrated milling and granulator plant in Delta, Utah to be commissioned during May and production will ramp up in the third quarter. This is part of a joint venture with Phosul. It will use rock phosphate from the Keras Resources mine at Diamond Creek. Phosul granule production capacity will […]
Eagle Eye to provide Tesco with AI and machine learning Clubcard solution - UK Investor Magazine
Personalised marketing SaaS company Eagle Eye has landed a major one-year deal with Tesco, Britain’s biggest supermarket chain. The contract, with an option to extend for another year, will see Eagle Eye’s AI-powered Personalised Challenges platform integrated into Tesco’s Clubcard program. The Personalised Challenges solution is a digital gamification platform that serves customised promotions and […]
Why companies left AIM in March 2024 - UK Investor Magazine
There were four companies that left AIM in March 2024, and they were all taken over. There were no new admissions during the month. 5 March City Pub Group City Pub Group was the subject of an agreed bid from Young & Co’s Brewery (LON: YNGA) of 108.75p in cash and 0.032658 of an A […]
Petrofac shares sink on suspension notice due to full-year results delay - UK Investor Magazine
Petrofac shares were down heavily on Monday after the energy EPC company said its shares would be suspended due to a delay in the publication of its annual report. Petrofac shares were down around 24% after the company announced it was engaged with the FCA regarding a short delay in publishing the full-year 2023 results, […]
Aquis weekly movers: Samarkand share sale hits share price - UK Investor Magazine
Watchstone Group (LON: WTG) had cash of £6.5m at the end of March 2024, which is an £800,000 reduction over three months. Net assets were 14p/share at the end of 2023, so this will be slightly lower now. Management is seeking to conclude its remaining litigation and return cash to shareholders. It can appeal the […]
AIM weekly movers: Base Resources agrees merger - UK Investor Magazine
US-based uranium and critical minerals producer Energy Fuels is offering 0.026 of a share and an unfranked dividend of A$0.065 for each Base Resources (LON: BSE) share. That is currently equivalent to A$0.302/share. This is a recommended bid and values Base Resources at A$375m. Two major shareholders owning 51.3% in total intend to support the […]
Vietnam’s e-commerce - an awakening dragon - UK Investor Magazine
According to the 8th Southeast Asia Digital Economy Report, Vietnam had the fastest-growing digital economy for the second year in a row in 2022. It is expected to retain this title through 2025. This growth comes as the government aims for the digital economy to make up 20% of total GDP by the end of […]
Innovative Eyewear expands distribution network with Canada's biggest optical group - UK Investor Magazine
Tekcapital shares were 4% higher on Friday after the company announced that its portfolio company, Innovative Eyewear, had placed its ChatGPT-enabled smart eyewear in ten New Look stores in Canada and on newlook.ca. New Look is the largest optical group in Canada and has over 450 stores across the US and Canada. With Innovative Eyewear being placed […]
The Pros and Cons Of Selling Property To A Cash Buyer - UK Investor Magazine
Selling a property can often be a daunting experience, fraught with stress and uncertainty. From navigating the complexities and expenses of the process to dealing with potential setbacks like delays and broken chains, the challenges are numerous. In the UK alone, statistics show that a staggering one in four house sales failed in 2023. Opting […]
Carclo shares bounce back - UK Investor Magazine
Shares in life sciences and aerospace components supplier Carclo (LON: CAR) jumped 62.3% to 12.05p after a better than expected trading performance in the second half. Carclo is on course to return to profit in 2024-25. There was a particularly strong fourth quarter, which reflects the focus on improving margins and the financial status of […]
Tekcapital Innovative Eyewear addresses $4bn safety glasses market with new patents - UK Investor Magazine
Tekcapital portfolio company Innovative Eyewear has recently received notices of allowance on three new design patents covering its forthcoming Lucyd Armor smart safety glasses product. The allowed design patents (application Nos. 29/806,204, 29/806/207, 29/806/209) protect the ornamental design of the AR-enabled protective eyewear. The company has also filed new utility and design patent applications specifically […]
Anglo American rejects BHP bid - UK Investor Magazine
Anglo American has rejected BHP’s unsolicited offer just a day after announcing it has received interest from the world’s largest mining company. The company said in a statement that BHP’s bid ‘significantly undervalues Anglo American and its future prospects’. Anglo American shares were down, but only marginally. This suggests the market thinks BHP will be back with […]
FTSE 100: bulls in the driving seat with the index comfortably above 8,100 - UK Investor Magazine
Equity bulls were in the driving seat on Friday as the FTSE 100 continued to break to new highs. Concerns about interest rates and geopolitical risks are fading into the background as London’s leading index chalks up another day of gains. The FTSE 100 was 0.45% higher at the time of writing, trading at 8,115. […]
NatWest shares jump on solid Q1 update - UK Investor Magazine
NatWest wrapped up Q1 2024 earnings from the FTSE 100’s UK-focused banks with solid numbers across the board as profits and income fell, but beat analyst expectations. Total income was better than expected at £3.5bn, and Net Interest Margins were flying high at 2.05% compared to 1.98% expected. In the context of last year’s performance, […]
AIM movers: Proteome Sciences contract and Aukett Swanke delays - UK Investor Magazine
Drug development services provider Proteome Sciences (LON: PRM) has won a £500,000 contract from a US biopharma company. This is for mass spectrometry services for the analysis of samples for an ongoing critical trial. There is an increased interest in the services. There are four buys this morning. The share price rose 18.2% to 4.15p. […]
FTSE 100 breaks above 8,100 as BHP bids for Anglo American - UK Investor Magazine
The FTSE 100 maintained its positive tone on Thursday, with corporate earnings providing investors the impetus to buy into London’s leading equities. London’s leading index briefly traded above 8,100 – a new intraday high – before falling back to trade at 8,077 at the time of writing. “The FTSE 100 is having the time of […]
Sainsbury’s strategy to focus on food leads to sales growth - UK Investor Magazine
After the acquisition of Argos, the supermarket decided to refocus on its bread-and-butter food business and bolster its position in the grocery market amid growing pressure from discounters. The measures implemented by Sainsbury’s are working as intended, and grocery sales grew 9.4% in the 52 weeks to 2nd March 2024. Total retail sales grew 6.8% […]
Anglo American shares surge higher as BHP proposes takeover - UK Investor Magazine
Anglo American shares surged sharply higher on Thursday after BHP, the world’s largest mining company, made a $31bn approach for the company. The move comes amid a recovery in commodities prices and improving sentiment towards China. Starting from a low base, investor sentiment toward Chinese equities is warming, and stocks with exposure to the world’s […]
Barclays shares jump as income and profits beat expectations - UK Investor Magazine
Barclays Q1 update is another steady-as-you-go report from a UK bank. With clouds forming over banks’ net interest margins and questions remaining about the global economy, Barclays investors will be pleased to see that the bank performed marginally better than expected in the first quarter. Total income was £7bn, a smidge higher than the £6.9bn […]
AIM movers: Merit profit recovery and ex-dividends - UK Investor Magazine
Data analysis and information publisher Merit Group (LON: MRIT) has conformed that it made a sharp improvement in profitability in the year to March 2024. Cost control and positive foreign exchange movements helped pre-tax profit reach £1.2m. A further improvement to £1.7m is expected for 2024-25. The share price increased 19.6% to 64p. Transport infrastructure […]
FTSE 100 continues rally as Reckitt Benckiser jumps - UK Investor Magazine
There’s no stopping the FTSE 100’s ascent this week as the index looked set to break to another fresh record high. The FTSE 100 was 0.4% higher at 8,077 at the time of writing on Wednesday, as upbeat earnings helped lift the index while the risk premium associated with geopolitical tensions dimished. “The FTSE 100 […]
Reckitt Benckiser investors finally have something to be happy about - UK Investor Magazine
After near-constant disappointment for Reckitt Benckiser investors since the pandemic, they finally have something to cheer about. Like-for-for like sales grew 1.5% in the first quarter as a mix of higher sales prices and steady volumes culminated in a robust period for the group. Prices did most of the heavy lifting, rising 2% while volumes […]
Transition to SaaS leading to accelerating growth - UK Investor Magazine
Construction, architectural and visualisation software supplier Eleco (LON: ELCO) has almost completed the transition from licence to SaaS-based revenues. During this period growth in earnings has been held back as immediate licence income is replaced by longer-term regular payments. Eleco supplies a range of architectural and construction project software in the UK and Europe. This […]
Tesla shares jump despite revenue miss as Musk outlines strategy - UK Investor Magazine
Tesla shares were 10% higher in the US premarket after the EV maker released earnings in which revenue missed despite broad price cuts. Musk outlined a strategy to take on increased competition by integrating next-gen technology into ranges targeted at the mass market. Plans to accelerate the launch of robotaxis and autonomous vehicles were an […]
Lloyds kicks off UK bank earnings season with steady but uninspiring results - UK Investor Magazine
Lloyds shares were marginally lower on Wednesday after the bank said profits fell in line with expectations but reaffirmed guidance for 2024. When we previewed Lloyds earnings last week, we questioned whether the higher rates ‘party’ was over for Lloyds, and it appears it is. Net interest margin (NIM), the key profitability metric dictated by […]
Facilities By ADF – With Strikes Out Of The Way Now Looking For Big Recovery - UK Investor Magazine
As if Covid was not impactive enough, last year this company was hit for six by a bout of strikes within the industry of its main clients. This Friday morning will see the business reveal just how badly it fared – but it could also declare just how it will be fighting back this year, […]
AIM movers: Filtronic deal with SpaceX and Ironveld working capital facility - UK Investor Magazine
Filtronic (LON: FTC) has secured a £15.8m order for E-band amplifiers from SpaceX, which is part of a five-year strategic partnership. SpaceX is receiving warrants over up to 10% of the telecommunications technology developer. The first tranche is exercisable when £30m of orders have been made for E-band amplifiers and the second when there is […]
AB Foods shares soar as Primark gathers momentum, dividend hiked - UK Investor Magazine
Primark owner AB Foods shares soared on Tuesday as the company announced growing profits across the board with notable improvements in the food business. While investors will be happy to see strength in the food business, Primark is always the main event for AB Foods and a 7.5% increase in sales fired up the bulls […]
AIM movers: Bushveld Minerals concerned by Vanadium price and Sareum ends loan facility - UK Investor Magazine
Cancer treatments developer Sareum (LON: SAR) no longer has an outstanding facility with RiverFort Global Opportunities PCC following the issue of 2.26 million shares. No more withdrawals will be made. That has pleased investors and the share price jumped 24.7% to 29p and it is 75.8% higher over five days. A year-end trading statement from […]
Body Rocket's AI-driven Innovation Disrupting the $2.1B Cycling Market - UK Investor Magazine
Sponsored by Body Rocket As the sporting world continually seeks innovations that push the boundaries of speed and efficiency, a new player, Body Rocket, has emerged with a game-changing technology that promises to revolutionise how cyclists interact with aerodynamics. This promising startup has recently launched a crowdfunding campaign on Crowdcube, aiming to bring their ground-breaking […]
Warpaint – The Foundation Has Been Applied And Is Now Ready To Glow - UK Investor Magazine
Tomorrow morning will see the announcement of the 2023 Final Results for Warpaint London (LON:W7L) – they will show a significant advance in both sales and profits for that year. Yesterday the group’s shares leapt over 4% to trade 18p higher to close at 465p, after touching 474p at one stage. Although already rated on […]
Taylor Wimpey has a solid start to 2024 despite affordability drag - UK Investor Magazine
Taylor Wimpey released a reasonably upbeat trading statement on Tuesday, signalling a stabilisation in sales rates after a dismal 2023. The UK housing market has been hit by rising mortgage rates amid the cost-of-living crisis, and housebuilders, including Taylor Wimpey, reported sharp declines in sales rates and order books in 2023. Although shares are well […]
FTSE 100 continues rally as geopolitical concerns ease, earnings eyed - UK Investor Magazine
Enthusiasm for UK stocks continued Tuesday as London’s leading index extended its record-breaking streak into a second day. Easing geopolitical tensions is helping find buyers for cyclical sectors as investor concerns about higher oil prices and their impact on inflation subside. “The FTSE 100 has spring in its step at the start of the week, […]
How Profitable Can Forex Trading Be? - UK Investor Magazine
Forex trading is extremely popular – it’s a great opportunity for those wanting to generate profit. Today, we explore a common query among traders: How profitable can Forex trading truly be? Gaining an Understanding of Forex Forex, short for foreign exchange, revolves around the trading of currencies. Its appeal lies in its accessibility and potential […]
FTSE 100 on track for record closing high, Ocado jumps - UK Investor Magazine
The FTSE 100 surged higher on Monday in a strong rally, which took the index above the record closing high of 8,015. London’s leading index has traded above this intraday recently but hasn’t yet closed above the record high set in February 2023. Traders will watch closely to see if Monday’s cyclical-led rally can hold […]
Aquis weekly movers: Invinity Energy talking with strategic partners - UK Investor Magazine
Vanadium flow battery developer Invinity Energy Systems (LON: IES) has interest from several potential strategic investors. This has delayed the process. Linking with the right strategic partner is important to the growth of the business. The company increased 11.4% to 24.5p. EPE Special Opportunities (LON: EO.P) has net assets of 324.07p/share. The share price is […]
Director deals: Empresaria ready for rebound - UK Investor Magazine
Recruitment firm Empresaria (LON: EMR) has found it tough in the past couple of years, but finance director Tim Anderson has bought 35,000 shares at 35.99p/share. He owns 325,000 shares. Last August, he exercised 150,000 nil-cost options. The share price has recovered slightly to 36.5p, but it is still down by one-third since the end […]
Maintel Holdings – Will Results Delay Bring Any Surprises? - UK Investor Magazine
In the last year or two this £35m capitalised group has been facing some uphill struggles and the 2023 Final Results, which were due to be announced tomorrow, have been delayed. The questions in the market are just what could have changed since the end January Trading Update? The Business Founded in 1991, Maintel (LON:MAI) […]