Market Pulse
Audioboom Q3 revenues hit record levels, hikes FY adjusted EBITDA guidance
Podcast company Audioboom said on Tuesday that revenues had surged to record levels in Q3, leading the group to hike FY adjusted underlying earnings guidance.
Hostelworld reaffirms full-year guidance
Hostelworld Group reaffirmed its full-year adjusted EBITDA guidance in an update on Tuesday, in line with market expectations, following a solid performance through the year-to-date up to 30 September.
EnSilica secures new ASIC design and supply contract
Chipmaker EnSilica said on Tuesday that it has been awarded a design and supply contract for a mixed signal controller ASIC to be used in automotive and industrial motorised actuators.
IntegraFin average daily FuD hits record high in Q4
Investment platform operator Integrafin said on Tuesday that average daily funds under direction had hit record highs in Q424, boosting total group revenues for the period.
De La Rue agrees £300m sale of authentication division
De La Rue announced on Tuesday that it had agreed to sell its authentication division to Crane NXT for £300m, as part of a strategic move to unlock capital and strengthen its financial position.
DiscoverIE interim earnings in line with expectations
Electronic components manufacturer DiscoverIE said on Tuesday that first-half earnings were in line with internal expectations and noted that it "remains on-track" to meet guidance for the financial year.
London open: Stocks mixed on weaker UK wage growth
London markets opened in mixed territory on Tuesday, as investors digested data showing continued weakness in the UK jobs market, after an upbeat session on Wall Street overnight.
Revenue falls, gross profits rise for Bytes Technology
Bytes Technology Group shares were in the red on Tuesday morning, after it reported a 2. 9% drop in revenue to £105. 5m, but a 13. 7% increase in gross invoiced income (GII), reaching £1. 23bn.
QinetiQ on track after 'good' second quarter
QinetiQ Group said in a trading update on Tuesday that it remained on track to meet its full-year expectations after its second quarter.
Robert Walters reports continued weakness in third quarter
Robert Walters reported a 12% decline in third-quarter net fee income on Tuesday, as challenging market conditions persisted across all of its regions.
London pre-open: Stocks seen higher after US gains; jobs data in focus
London stocks were set to rise at the open on Tuesday following a positive session on Wall Street, as investors mulled the latest UK jobs data.
Tuesday newspaper round-up: Energy crisis, Porterbrook, Google
Britain is at risk of experiencing a repeat of the sharp increase in energy costs which has fuelled the continuing cost of living crisis because it relies too heavily on gas, according to an expert panel of industry leaders. The Energy Crisis Commission has warned that the UK is still “dangerously underprepared” for another crisis because it continues to rely on gas for its power plants and home heating. – Guardian.