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Technology
Avon Technologies Achieves Profit Surge Amid Strategic Transformation
November 19, 2024 11:46 PM AEDT| By Team Kalkine MediaHighlights:,Profit Boost:,Annual profit rose 81% to $25.3 million, exceeding expectations by 9%.,Order Book Expansion:,Orders increased 41%, with a 66% rise in the closing order book to $225.2 million.,Focused Capital Strategy:,Prioritizing R&D and t...
GB Group Shares Surge to 18-Month High as Growth Momentum Builds
November 19, 2024 11:18 PM AEDT| By Team Kalkine MediaHighlights:,Improved Revenue and Profitability:,GB Group posted a 3.4% revenue increase to £136.9 million and a 21% jump in adjusted operating profit to £29 million for the half-year ended 30 September.,Identity and Location Drive Growth:,Identity an...
CML Microsystems Reports Profit Decline Despite Revenue Growth from Acquisition
November 19, 2024 11:12 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Growth Linked to Acquisition:,Revenue rose 18% to £12.5 million, primarily driven by the acquisition of MwT.,Profit Decline Amid Market Challenges:,Pre-tax profit fell 56% to £0.82 million, reflecting subdued industrial market con...
Growth in sales recorded by CML Microsystems amid tough market condition
November 19, 2024 10:04 PM AEDT| By Team Kalkine MediaHighlights:,CML Microsystems reports 18% sales increase,: The British semiconductor firm achieves £12.5 million in sales for the half-year ending in September, despite challenges in the sector.,US facility upgrades delayed,: Planning and construction...
FDM Aims to Leverage UK National Insurance Increase for Growth
November 18, 2024 11:24 PM AEDT| By Team Kalkine MediaHighlights:,FDM Group confirms 2024 financial performance aligns with expectations.,Consultant numbers fall by 30%, reflecting market challenges, but recent activity shows improvement.,Company anticipates benefits from UK national insurance changes,...
IQE Begins Strategic Review Amid Flat FY Revenue Outlook
November 18, 2024 09:28 PM AEDT| By Team Kalkine MediaHighlights:,IQE launches a strategic review of its assets, including the potential sale of its Taiwanese division.,Full-year revenue is forecast to remain broadly flat, with weak consumer demand impacting key sectors.,The company is negotiating a sho...
Transense Technologies plc (TRT: LSE) Partners with TIRETASK GmbH to Launch Integrated Tyre Management Solution in Key Markets
November 18, 2024 06:21 PM AEDT| By Team Kalkine MediaHighlights:,Transense Technologies and TIRETASK GmbH announce an exclusive partnership to bring an all-in-one tyre management solution to the UK, North America, and Australia.,The solution combines Translogik’s precision tyre inspection tools with TI...
Altitude Group Faces Headwinds Despite Revenue Growth
November 15, 2024 09:05 PM AEDT| By Team Kalkine MediaHighlights:,Share Price Drop,:,Altitude Group shares fell 16% due to slower growth,impacted,by external factors.,Revenue Increase,:,First-half sales rose by 20%, with underlying profit up by 9%, though below last year’s growth rates.,Election Impact,...
Meta Platforms Fined €798 Million by EU for Anti-Competitive Practices on Facebook Marketplace
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,Massive Fine Levied,: Meta Platforms Inc (NASDAQ:META) faces a €798 million fine from the EU over forced integration of Marketplace on its Facebook platform.,Unfair Advantage Alleged,: EU competition chief Margrethe Vestager cited "unfair...
Bluesky Faces Outages Amidst User Surge Following Musk's Government Appointment
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,User Surge:,Bluesky gains two million users in a single day following Elon Musk's government role announcement.,Technical Challenges:,Platform experiences outages, temporarily switches to read-only mode to address issues.,App Store Succes...
Solid State PLC Shares Plummet 40% Following Defence Contract Payment Suspension
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,Payment Suspension:,UK government pauses payments on Solid State's defence contract pending a strategic review.,Financial Impact:,Expected orders deferred beyond the current fiscal year, affecting short-term revenue.,Market Reaction:,Shar...
Microsoft Faces FTC Scrutiny Over Alleged Anti-Competitive Practices in Cloud Business
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,FTC Investigation Launched:,The Federal Trade Commission (FTC) initiates an inquiry into Microsoft’s cloud computing practices, focusing on restrictive software licensing and steep exit fees.,International Scrutiny:,The UK’s Competition a...
Volex PLC’s Takeover Bids for TT Electronics Rejected Despite Premium Offer
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,Volex Tables Two Bids for TT Electronics:,Volex PLC (LSE:VLX) made two cash-and-share offers for TT Electronics, valuing the company at a substantial premium of up to 139.6p per share.,TT Electronics’ Board Declines to Engage:,Despite a 7...
Rosslyn Data Technologies Partners with Leading Global Consulting Firm, Secures Major Contract
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,New Strategic Partnership:,Rosslyn Data Technologies (LSE:RDT) forms a key alliance with a top-five global consulting firm, marking a major expansion opportunity.,Substantial Contract Win:,Rosslyn secures a three-year contract valued at £...
Ilika’s Solid-State Battery Development Draws Broker’s Strong Support Despite Market Disparity
November 15, 2024 08:30 PM AEDT| By Team Kalkine MediaHighlights:,Broker Reaffirms Positive Outlook,:,Panmure,Liberum reiterates its 'buy' recommendation for Ilika PLC, setting a price target of 70p, a significant premium over the current share price of 14.95p.,Key Catalysts Ahead,:,The development of t...
AI Drives Revenue and Profit Growth for Nexxen International
November 15, 2024 08:10 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Growth,:,Nexxen,reported a 13% rise in third-quarter revenues, reaching $90.2 million.,Return to Profitability,:,The company swung from an operating loss of $3.4 million last year to a profit of $16.3 million.,AI Edge,:,Nexxen’s,G...
Nvidia Gears Up for Blockbuster Q3 Results with New Blackwell AI Chip in the Spotlight
November 15, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights:,Strong Revenue Growth Expected,:,Nvidia targets $32.5 billion in Q3 revenues, an 80% increase year-on-year, driven by surging demand for AI technology.,New Flagship Chip in Focus,:,Nvidia's recently launched Blackwell AI chip will be a ke...
ANGLE plc (AIM: AGL OTCQX: ANPCY) Unveils Groundbreaking HER2 CTC Scoring System at AACR Conference to Transform Breast Cancer Treatment
November 15, 2024 06:48 PM AEDT| By Team Kalkine MediaHighlights:,ANGLE presents new data on HER2 scoring system for circulating tumour cells (CTCs) at AACR 2024.,Co-development with BioView demonstrates how blood tests could identify HER2 status changes in metastatic breast cancer patients.,Results sug...
Rosslyn (AIM: RDT) Secures $520k Contract with Leading Global Consulting Firm and First Customer via New Partnership
November 15, 2024 06:46 PM AEDT| By Team Kalkine MediaHighlights:,Rosslyn awarded contract by top US-based global consulting firm to establish centre of excellence, valued at £520k.,First customer secured through the partnership, a leading roofing manufacturer with operations in 40 countries.,The contra...
RTW Biotech Opportunities Ltd (LSE: RTW) Applauds CORXEL’s NDA Acceptance for Aficamten in China, Advancing Treatment for Obstructive HCM
November 15, 2024 06:43 PM AEDT| By Team Kalkine MediaHighlights:,CORXEL’s Aficamten NDA accepted by China’s NMPA for obstructive hypertrophic cardiomyopathy (HCM) treatment.,Aficamten, a next-in-class cardiac myosin inhibitor, is a breakthrough therapy for a common but underserved heart disease.,RTW Bi...
