Raspberry PI Holdings, up 4.1%, announced that its annual general meeting (AGM) would be held at the Bradfield Centre Auditorium, 184 Cambridge Science Park Milton Rd, Milton, Cambridge CB4 0GA on 20 May 2025 at 8:30 AM.
Kier Group, up 5.8%, announced that it has been selected to undertake the redevelopment of King’s Academy Bay House School in Gosport, Hampshire, England. The project is a part of the UK’s Department for Education’s (DfE) School Rebuilding Programme.
Science Group, unchanged at 415.0p, announced that its annual general meeting (AGM) will be held at 9:00 AM on 21 May 2025 at the Company's London office.
Xaar, up 4.6%, announced that its annual general meeting (AGM) would be held on 28 May 2025 at 9:30AM (BST).
Checkit, up 1.9%, announced that it would release its final results for the year ended 31 January 2025 on 24 April 2025.
CyanConnode Holdings, down 5.8%, announced that its Indian subsidiary, DigiSmart Networks Pvt. Ltd. (DigiSmart), has been issued a letter of intent (LOI) for a total contract worth approximately £70m from the Government of Goa's Electricity Department to deploy approximately 750,000 smart metres.
Oracle Power, unchanged at 0.02p, announced that Apex Geoscience has completed the maiden geochemical sampling programme to progress exploration at the Blue Rock Valley Copper and Silver Project, located in the Ashburton Basin in the northwest region of Western Australia. Additionally, 277 geochemical samples and 3 rock chip samples have been taken and are enroute to ALS laboratories in Perth, with assay results expected in around 3-4 weeks. The project is located 165km southeast of Onslow, the main port for the region's iron and LNG exports, which is a multi-user port. Geochemical sampling will be used as a multi-vector to rank gravity anomalies for priority drilling. Separately, the company, through its joint venture Oracle Energy Limited, announced that it has signed a strategic Memorandum of Understanding (MoU) with China Electric Power and Technology Co., Ltd (CET) which was previously signed and announced on 7 March 2023 and set to expire on 2 March 2025 to potentially develop, finance, construct, operate and maintain Oracle Energy's Green Hydrogen Project in Thatta, Sindh Province, Pakistan has been renewed for an additional two years to 1 March 2027.
UK markets ended higher last week, as softer-than-expected UK inflation in March, raised hopes for a Bank of England (BoE) rate cut in May. On the macro front, the UK BRC like-for-like retail sales rose more than expected in March. Meanwhile, the UK ILO unemployment rate remained unchanged in the three months to February, while the nation’s consumer price index rose less than expected in March, amid a drop in petrol prices. The FTSE 100 index advanced 3.9% to settle at 8,275.7, while the FTSE AIM 100 index rose 3.4% to close at 3,219.5. Meanwhile, the FTSE techMARK 100 index gained 2.2% to end at 6,020.0.
US markets ended lower in the previous week, as US Federal Reserve Chair Jerome Powell cautioned of the risk of slowing growth and rising inflation due to tariffs. On the data front, the US housing starts dropped more than anticipated in March, while the Philadelphia Fed manufacturing index dropped to a two-year low in April. Meanwhile, the US retail sales rose more than expected in March, while the nation’s building permits unexpectedly rose in March. Also, the US weekly jobless claims unexpectedly declined to a two-month low in the week ended on 11 April 2025. The DJIA index fell 5.1% to end at 38,170.4, while the NASDAQ index lost 5.1% to close at 15,870.9.
