Technology
Ethernity secures $1.05m licence agreement
Data processing semiconductor technology specialist Ethernity Networks announced on Friday that it had secured a $1. 05m licence agreement with a new tier one US-based aerospace system products provider.
Mirriad flags weaker first-half revenue
Virtual product placement and in-content advertising specialist Mirriad said in an update on Friday that it expected revenue for the first half to be around £0. 4m, down from £0. 59m in the first six months of the 2023 financial year.
MediaZest reports improvement in first-half revenue, losses
Creative audio-visual specialist MediaZest reported a significant improvement in both revenue and its losses in its first-half results on Friday.
Symphony reports consistent trading as it works to accelerate projects
Symphony Environmental Technologies said in an update on Friday that its trading remained consistent with recent statements.
Active Energy announces delay in 2023 accounts
Biomass-based renewable energy company Active Energy announced a delay in finalising its annual accounts for the 2023 financial year on Friday.
Fintel agrees to acquire Threesixty from Abrdn
Retail fintech and support service provider Fintel announced a conditional agreement to acquire Threesixty Services on Friday.
Devolver Digital trading in line with market expectations
Devolver Digital updated the market on its financial performance for 2024 on Friday.
Next 15 full-year performance likely to be second-half weighted
Shares in tech and data-focussed consultancy Next 15 Group were sliding on Thursday morning, after the company cautioned in a trading update that its revenue performance for the year was likely to be second-half weighted.
Creo Medical reports year of solid progress
Surgical endoscopy medical device specialist Creo Medical Group reported solid progress over the last 12 months in an update on Wednesday, as it leveraged funds from the March 2023 equity raise to advance its strategic goals.
Apax Global confirms chairman's retirement, kicks off buyback
Apax Global Alpha confirmed the retirement of Tim Breedon CBE from his position as chairman and director on Wednesday, effective 1 July.
Volex posts record full-year profits
Power and data transmission technology specialist Volex reported record profits in its preliminary results on Wednesday, with a 26. 3% increase in revenue to $912. 8m, up from $722. 8m year-on-year.
Braveheart buys 1.93 million more Autins shares
Braveheart Investment Group announced the acquisition of an additional 1. 93 million shares in its portfolio company Autins Group on Wednesday.
Airbus cuts profit guidance on Space, lowers jet delivery forecast
Airbus warned of a hit to its bottom line and cash flow as a result of charges incurred on certain of its space activities.
EU calls Microsoft's bundling of Teams 'abusive'
The European Union (EU) accused Microsoft of violating competition regulations on Tuesday, through the “abusive” bundling of its Teams and Office products.
Proton Motor Power gets follow-up order from Deutsche Bahn
Proton Motor Power Systems, a designer and producer of zero-carbon fuel cells and fuel cell electric hybrid systems, announced a new follow-up order from DB Bahnbau Gruppe, a subsidiary of Deutsche Bahn, on Tuesday.
Augmentum reports year of solid NAV growth
Augmentum Fintech reported a 3. 1% increase in its net asset value before performance fees in its annual report on Tuesday, rising to £303. 3m from £294. 1m in the prior year.
Jefferies hikes target for Rolls-Royce, sees upside to medium-term targets for free cash flow
Analysts at Jefferies hiked their target price on shares of Rolls-Royce, pointing to its most recent trading update, which they said implied the potential for positive surprises as regarded the engineer's free cash flow guidance.
Chemring appoints Tony Wood as its next chairman
Chemring Group announced the appointment of Tony Wood as an independent non-executive director and chairman-designate on Monday.
Pennant International reports record gross profit margin
Pennant International reported a successful return to operating profit in its final results on Friday, achieving a record gross profit margin.
Strix reports promising signs of kettle control market recovery
Kettle safety and water technology specialist Strix issued an optimistic update on Thursday, reporting promising signs of recovery in the kettle controls market as the peak season approached.