Technology
Ashtead Technology flags 2022 earnings above expectations
Subsea equipment rental specialist Ashtead Technology said in an update on Monday that the “strong performance” it reported in the first half and third quarter of 2022 continued into the final quarter of the year, as it benefited from the breadth of its asset base and service offering, and high levels of activity across both the offshore wind and oil and gas markets.
IQE reports 'resilient' trading amid softer wireless markets
Compound semiconductor wafer and advanced materials supplier IQE said in an update on Monday that reported revenue for 2022 was expected to be around 8% higher than the prior year’s £154m, subject to its external audit.
Belluscura makes 'considerable progress' in 2022
Portable oxygen concentrator developer Belluscura described “considerable progress” in a trading update on Friday, reporting that since the launch of its first-generation ‘X-PLOR’ in September 2021, it was now distributing throughout the United States through multiple sales channels.
Appreciate trades in line ahead of takeover by PayPoint
Corporate and consumer loyalty and redemption specialist Appreciate Group said in an update on Friday that trading in its third quarter was “as expected”, reflecting its normal pattern of seasonality.
Plant Health Care inks distribution deal for India
Plant Health Care announced on Thursday that it has signed an agreement with Novozymes South Asia, for the exclusive distribution of ‘Harpin ab’ for use in sugarcane production in India.
Windward wins another contract after positive year
Maritime artificial intelligence (AI) specialist Windward described a year of positive momentum in a trading update on Thursday, with its annual contract value as at 31 December rising 20% to $25. 5m.
BofA upgrades Vodafone to 'buy', says dividend cut 'arguably' priced in
Analysts at Bank of America upgraded their recommendation for shares of Vodafone from 'neutral' to 'buy'.
Gamma Communications ends year in line with consensus
Unified communications-as-a-service (UCaaS) provider Gamma Communications said in an update on Thursday that its UK business continued to perform “strongly” through the year just ended in both the indirect and direct channels, with “healthy demand” for its portfolio and products enabling Microsoft Teams.
Numis cuts Frontier Developments to 'sell', sees risk of capital raise
Analysts at Numis axed their target price for shares of Frontier Developments from 1,450. 0p to 375. 0p and downgraded their shares to 'sell', pointing to an assortment of potential headwinds bearing down on the game software developer and its ability to hit its own guidance.
Advanced Medical Solutions flags 'strong' year
Tissue-healing technology specialist Advanced Medical Solutions said in an update on Tuesday that trading in 2022 was “strong”.
Two Tekmar divisions win several 'significant' contracts
Offshore energy technology and service provider Tekmar announced on Tuesday that its Pipeshield International and Subsea Innovation divisions had both been awarded several “significant” contracts.
Eden Research set to beat expectations for revenue, losses
Biopesticide and crop protection technology developer Eden Research said in an update on Tuesday that its revenue for 2022 was expected to have increased by 50% to £1. 8m - £0. 1m ahead of market expectations.
WANdisco wins $6.6m data deal with European telecom
Data specialist WANdisco has signed an initial agreement worth $6. 6m with an unnamed Europe-based global telecommunications service provider, it announced on Tuesday.
C4X promotes Nick Ray to chief scientific officer
Drug discovery company C4X announced the appointment of Nick Ray as its chief scientific officer on Tuesday, with immediate effect.
GlobalData beats analyst expectations for 2022
Industry intelligence provider GlobalData said in an update on Tuesday that, after its interim results in August, it continued to deliver a “strong performance” throughout the second half, ahead of the top end of analyst expectations for the full year.
DeepVerge rises despite just missing revenue forecasts
DeepVerge said in an update on Monday that its unaudited revenues for 2022 totalled about £17. 2m - “slightly below” market expectations.
Ncondezi gets updated land use deal for Mozambique solar project
Ncondezi Energy updated the market on its 300MW solar photovoltaic and battery energy storage system (BESS) project in Tete, Mozambique on Monday.
Osirium Technologies ends year in line with upgraded expectations
Cloud-based cybersecurity specialist Osirium Technologies said in an update on Monday that, subject to audit, it was expecting to report bookings and revenue for the financial year just ended of at least £3m and £1. 9m, respectively.
Britishvolt shopping majority stake in bid to shore up funding
Electric car battery startup Britishvolt is in talks to sell a majority stake, it emerged on Monday, in a bid to ensure its future.
Devolver Digital revenue in line, but earnings disappoint
Indie video game developer and digital publisher Devolver Digital said in a trading update on Monday that it expected revenue for the recently-ended financial year to be within the range of the guidance it set in June.