Dialight, up 51.1%, in its full year results, announced that revenue declined to $183.5m from $226.0m recorded in the previous year. Loss before tax narrowed to $14.1m from $34.3m. No dividends were declared in the current or the prior year.
Aferian, up 13.2%, in its trading update, announced that it expects to report a significantly improved financial performance in H1 FY2025, reflecting strong trading momentum in the period. Additionally, its revenue for the period is expected to be around $16.6m (H1 FY2024: $12.2m), reflecting growth of 36% over the six months ended 31 May 2024 (H1 FY2024).
Gaming Realms up 0.4%, announced that it has launched Slingo Candy Machine BL4ST, the latest title in its Slingo series, featuring a new proprietary game mechanic called BL4ST™.
Cambridge Cognition, down 13.5%, announced that Monument Therapeutics, in which it holds a 20% stake, has reported positive Phase I results for MT1988, a new treatment for cognitive impairment associated with schizophrenia (CIAS). The trial showed favourable safety and tolerability, marking a key milestone toward addressing CIAS, which currently lacks approved therapies.
Oracle Power, unchanged at 0.02p, in its results for the year ended 31 December 2024, announced that its loss before tax narrowed to £0.71m from £0.79m. The company’s cash and cash equivalents stood at £0.62m for the period. Avingtrans, unchanged at 420.0p, in its trading update, announced a positive trading update for the year ended 31 May 2025, with revenue, adjusted EBITDA, and adjusted PBT all in line with recently upgraded market expectations. Strong performance in the Advanced Engineering Systems division and reduced costs in the Medical & Industrial Imaging Division contributed to this outcome. The company expects to release its audited results for the year ended 31 May 2025 on 24 September 2025, at which time it will provide a further performance update.
UK markets ended higher last week, lifted by robust corporate earnings reports and a de-escalation of geopolitical tensions in the Middle East. On the data front, the UK manufacturing PMI rose more than expected in June, while the nation’s services PMI advanced as expected in June. The FTSE 100 index advanced 0.3% to settle at 8,798.9, while the FTSE AIM 100 index rose 1.5% to close at 3,711.6. Additionally, the FTSE techMARK 100 index gained 3.0% to end at 7,396.
US markets ended higher in the previous week, supported by easing concerns over the Middle East conflict, progress in US-China trade negotiations, and growing hopes of interest rate cuts by the US Federal Reserve. On the macro front, the US durable goods orders climbed more than expected in May, while the nation’s Michigan consumer sentiment rose more than expected in June. Moreover, the US manufacturing PMI unexpectedly remained unchanged in June, while the nation’s services PMI dropped less than expected in June. Additionally, the US existing home sales unexpectedly rose in May, while the nation’s pending home sales unexpectedly advanced in May. Also, the nation’s weekly jobless claims unexpectedly fell in the week ended 20 June 2025. Meanwhile, the US gross domestic product dropped more than expected in 1Q25, while the nation’s consumer confidence index unexpectedly dropped in June. Further, the US personal income unexpectedly dropped in May, while the nation’s personal spending unexpectedly fell in May. Additionally, the US new home sales dropped more than anticipated in May. The DJIA index rose 3.8% to end at 43,819.3, while the NASDAQ index gained 4.2% to close at 20,273.5.
