Technology
Oracle Power losses widen as it progresses various projects
Natural resources project developer Oracle Power reported a first-half loss after tax of £0. 36m on Friday, widening from £0. 3m year-on-year.
In The Style makes progress with turnaround plan
Womens’ fashion brand In The Style updated the market on its ‘re-engineering’ turnaround plan on Friday, as it worked to increase its profitability and manage its cash position.
ECSC inks service provider deal with Securonix
Cybersecurity service provider ECSC announced a partnership with Securonix on Thursday, by joining its global managed service provider programme.
Getech extends Shoreham Port deal by five years
Geoenergy and green hydrogen company Getech announced further progress with its Shoreham Port Green Energy Hub on Thursday, with the extension of exclusive rights for the development of all port-based hydrogen, ammonia and new onshore wind and solar generation capacity through to August 2027.
Recurring revenue grows further for GetBusy
Professional and financial service software provider GetBusy said in an update on Thursday that annualised recurring revenue rose to £18. 8m at the end of August, from £18. 1m on 30 June.
Learning Technologies' first half 'stronger than expected'
Learning Technologies reported “stronger than expected” growth in its first half on Thursday, with revenue rising 241% year-on-year to £281. 8m.
Ceres Power tumbles after weaker first half
Fuel cell and electrochemical technology developer Ceres Power reported first-half revenue and other operating income of £9. 9m on Thursday, down from £17. 4m year-on-year.
Amazon, Microsoft and Google probed over cloud dominance
Media regulator Ofcom said on Thursday that it will investigate cloud services in the UK, including probing the dominance of Amazon, Microsoft and Google.
Judges Scientific hikes expectations after strong first half
Scientific instrument company Judges Scientific reported an 8% improvement in first-half revenue on Thursday, to £46. 4m.
SDI makes 'good start' to new financial year
SDI Group said in a trading update on Wednesday that it had made a “good start” to its new financial year.
Keywords posts strong revenue growth, agrees to buy Smoking Gun
Video games technical and creative service provider Keywords Studios reported “strong” first-half revenue growth on Wednesday, as it entered a deal to acquire Smoking Gun Interactive.
Ukraine invasion blamed for Strix first-half performance
Strix Group reported revenue of £50. 7m for its first half on Wednesday, down 7. 3% year-on-year but up 15. 5% compared to the pre-Covid comparator in 2019.
LBG Media revenue rises as earnings disappoint
Youth-focussed digital publisher LBG Media reported first-half revenue of £24. 8m on Wednesday, up 8% from a “strong” prior year comparator, where revenue grew 133%, although its earnings performance disappointed.
Frontier Developments reports record revenue, earnings in line
Video games developer and publisher Frontier Developments reported record revenue of £114m in its full-year results on Wednesday, making for annual growth of 26%.
AB Dynamics trading well, acquires Ansible Motion
AB Dynamics announced the £19. 2m acquisition of Ansible Motion on Wednesday, as it reported a “strong” trading performance in its second half.
OptiBiotix launches range into large Indian chemist chain
OptiBiotix Health announced on Tuesday that its subsidiary OptiBiotix Ltd launched its ‘GoFigure’ range with Apollo Hospitals & Pharmacies on 18 September.
Chip shortages still impacting trading for Adept Technology
Managed IT service provider Adept Technology said on Tuesday that, despite “challenging” macroeconomic conditions in the first few months of its financial year, it had grown its project backlog and continued to win new business and secure contract renewals and extensions.
Craneware reports solid first half as it integrates Sentry
Healthcare software company Craneware reported a 119% improvement in full-year revenue on Tuesday, to $165. 5m, as adjusted EBITDA rose 91% to $51. 8m.
Tremor board another $20m in share repurchases
Advertising technology company Tremor International has approved a $20m share repurchase programme, it announced on Tuesday, financed through its existing cash resources.
Boku inks three-year deal with Amazon
Mobile payment technology company Boku has entered into a new multi-year commercial agreement with a subsidiary of Amazon, it announced on Tuesday, for Boku Payments to supply its digital wallet and other local payment methods to the e-commerce behemoth.