Technology
Tremor shares dive despite record first-half earnings
Tremor International reported record first half adjusted EBITDA of $72. 7m on Tuesday, making for an increase of 12% year-on-year.
Tencent planning to sell down its Meituan holding
Chinese technology giant Tencent Holdings is planning to sell most or all of its stake in e-commerce and food delivery platform Meituan, it was reported on Tuesday.
Tekcapital's Innovative Eyewear prices its upcoming Nasdaq IPO
Technology-focussed intellectual property investor Tekcapital announced on Monday that Innovative Eyewear, a subsidiary of portfolio company Lucyd, has announced pricing of its $7. 35m initial public offering.
MTI Wireless Edge reports 'good' first half trading
Communications and radio frequency technology company MTI Wireless Edge reported good first-half revenue growth on Monday, up 6% to $22. 7m.
Rebound in growth stocks has 'somewhat further to go', JP Morgan says
It was too soon to rotate back into 'value' stocks from 'growth', strategists at JP Morgan said.
C4X raises £5.7m to support development activities
Drug discovery company C4X announced a proposed placing to raise up to £5. 7m on Thursday, to support its corporate development and ongoing commercial activities.
Jaywing reports strong growth, announces possible acquisition
Marketing and data science company Jaywing said in a trading update on Thursday that its net revenue for the year ended 31 March was expected to have risen 16% to £23. 3m, as it also announced the possible acquisition of Midisi.
Checkit revenue falls amid transition to recurring model
Operations management technology company Checkit said its annual recurring revenue was up 48% year-on-year in its first half on Thursday, to £10. 2m, although total revenue fell.
GlobalData agrees new three-year, £410m debt facility
Industry intelligence specialist GlobalData has agreed a new three-year £410m debt financing facility maturing on 5 August 2025, it announced on Wednesday, with an option to extend by another year.
Frontier Developments makes several board changes
Video games developer and publisher Frontier Developments announced a number of changes to its board of directors on Wednesday, with David Braben moving to a new role as president and founder, as Jonny Watts promoted to chief executive officer after 10 years as chief creative officer.
Arecor gets two EU patents for adalimumab formulations
Biopharmaceutical developer Arecor Therapeutics has been granted two European patents protecting its novel formulations of high-concentration ‘adalimumab’ until 2038, it announced on Tuesday.
Cordel awarded five-year contract with Angel Trains
Transport analytics artificial intelligence (AI) technology developer Cordel has been awarded a five-year contract with Angel Trains to install fully-automated hardware in in-service passenger trains, it announced on Tuesday.
Symphony upbeat on new Mexican biodegradable plastics standard
Symphony Environmental Technologies said on Tuesday that the Mexican Ministry for the Economy has published a new technical standard with “positive commercial implications” for its ‘d2w’ biodegradable technology in Mexico and the wider Latin America region.
Crestchic lifts expectations for third time this year
Electricity load bank technology specialist Crestchic said on Tuesday that its trading momentum had accelerated further since its last update in early June.
Northcoders wins £4m funding from Department for Education
Software coding training provider Northcoders has secured further funding from the Department for Education’s ‘Skills Bootcamps Wave 3’, it announced on Tuesday.
BioNTech misses Q2 sales forecasts as it prepares possible launch of new Covid vaccines
BioNTech reported a larger-than-expected drop in quarterly revenues, even as it progressed on the roll-out of new Covid-19 vaccines and its pipeline of potential cancer treatments.
Palantir lowers full-year guidance, pulls forecast for medium-term growth
Shares of Palantir reeled after the data analytics outfit guided lower for full-year sales and profits.
Good Energy investment Zap-Map completes £9m series-A round
Renewable electricity supplier Good Energy announced on Monday that electric vehicle charging point mapping service Zap-Map has completed a £9m series-A fundraising, valuing Zap-Map at a £26. 3m post-money equity value.
Solid State completes acquisition of LA-based Custom Power
Computing, power and communications value-added component supplier Solid State has completed the acquisition of Custom Power, it announced on Monday.
Hutchmed upbeat on latest study results for colorectal cancer treatment
Hutchmed China announced on Monday that the “pivotal” global phase three trial evaluating the investigational use of ‘fruquintinib’ met its primary endpoint of overall survival in patients with advanced, refractory metastatic colorectal cancer (CRC).