Technology
GRC International revenue set to rise, but earnings slip
Risk management and compliance-focussed cybersecurity specialist GRC International said in a trading update on Wednesday that it expected revenue to be between £14. 5m and £15m for the financial year, up from the £13. 9m it reported for 2022.
Microsoft's LinkedIn to cut more than 700 workers
Microsoft subsidiary LinkedIn announced that it would be reducing its workforce by more than 700, becoming the latest US technology name to make layoffs.
Osirium Technologies makes good first-quarter progress
Cloud-based cybersecurity specialist Osirium Technologies reported positive first-quarter trading in an update on Tuesday.
Pearson hails opportunities in artificial intelligence
Pearson hailed the opportunities offered by Artificial Intelligence in a strategy update.
Plant Health Care gets first stage of Brazil approval for 'PREtec' product
Plant Health Care announced on Tuesday that its new ‘PREtec’ product, PHC68949, has received the first stage of regulatory approval for commercial use in Brazil.
Midwich grows ahead of market in 2022
Global specialist audio visual distributor Midwich Group said in an update on Tuesday that while the pro AV market grew at an estimated 10. 5% in 2022, it achieved record revenue, increasing by more than 20% organically and over 40% in total.
Petards Group revenue, earnings fall in 2022
Security and surveillance technology specialist Petards Group reported total revenues of £10. 87m in its final results on Tuesday, down from £13. 57m in 2021.
Victrex gross profit rises, macro weakness remains a challenge
Polymer specialist Victrex reported a 1% improvement in first-half revenue in its interim results on Tuesday, to £162. 2m, with gross profit increasing 2% to £86. 7m, although macroeconomic weakness was proving a challenge.
Berenberg stays at 'hold' on Vodafone, trims target price
Analysts at Berenberg reiterated their recommendation to 'hold' shares of Vodafone, arguing that the choice of Margherita Della Valle as the company's new chief executive officer reduced the risk of a dividend cut or of a warning on capital expenditures.
Sareum gets approval for phase one psoriasis studies in Australia
Biotechnology developer Sareum Holdings announced on Friday that it has been granted approval by Australia's Therapeutic Goods Administration (TGA) to conduct phase one clinical studies on SDC-1801.
Aptamer warns on profits amid slow pipeline conversion
Life sciences company Aptamer Group said in a trading update on Friday that revenue in the 10 months ended 30 April totalled around £1. 4m.
Eden Research losses narrow as it expands product reach
Eden Research reported an increase in revenue in its 2022 preliminary results on Friday, to £1. 8m from £1. 2m in 2021.
Eqtec losses widen despite operational progress
Eqtec reported revenue and other operating income of €8m in its final results on Friday, a decrease from €9. 2m in the prior year.
Agronomics announces £1m investment in Good Dog Food
Cellular agriculture investor Agronomics announced a £1m investment in Good Dog Food (GDF) on Thursday, as part of its seed financing round worth £3. 6m.
Crimson Tide wins new contract, renews several more
Mobile workforce solutions specialist Crimson Tide announced a new contract win with an NHS trust on Thursday.
Seeing Machines reports continued royalty revenue growth
Driver monitoring technology developer Seeing Machines reported consistent growth in high-margin royalty revenue in its third quarter on Thursday, despite challenges faced by the automotive industry.
Alphawave IP Group finance chief announces he will step down
Alphawave IP Group shares slumped sharply after its finance director announced his intention to step down.
Prospex Energy making progress at Helios solar project
Prospex Energy announced on Wednesday that its photovoltaic hybridisation solar project at the El Romeral power plant, known as ‘Project Helios’, was progressing well, ahead of its final investment decision.
SRT Marine delivers first phase of maritime surveillance project
SRT Marine Systems has completed the first phase of a national coast guard maritime surveillance system contract, it announced on Wednesday.
Braveheart upbeat on developments at portfolio firms
Braveheart Investment Group updated the market on two companies within its investment portfolio on Wednesday, being Paraytec and Kirkstall.