ARM Holdings, down 0.4%, announced that its half yearly revenues climbed 19% to £544.1m from £456m. Profit before tax rose 5% to £208m, basic and diluted earnings per share advanced to 181.5p and the Board declared an interim dividend of 3.78p per share, payable on 10 October 2016.
Abcam, up 1.9%, in its annual trading update, announced that it anticipates the Group revenues to climb approximately 16% on a constant currency basis and more than 19% on a reported basis. Revenues of its RabMab product rose 29%. The company stated that there was minimal impact of UK’s referendum vote to leave EU, however weak Sterling might improve revenues and profitability.
RhythmOne (former Blinkx), up 21.3%, announced that Mr. Richard Nunn has been appointed as Chief Revenue Officer of the Board. He will be responsible for handling company-wide revenues as well spreading its international commercial market reach with initial focus on Europe, followed by Asia and Latin America.
Sepura, up 14.5%, announced that it had received a preliminary takeover approach from a third party. Liberum Capital reissued its “Buy” rating on the stock with a target price of 70p.
Gaming Realms (former PDX), up 5.3%, announced that it has raised approximately £2.5m through subscription of 12.5m new ordinary shares at 20p per share. The company will use the net proceeds as a part payment for the first deferred consideration of $4m due to RealNetworks Inc.
Canaccord Genuity reconfirmed its “Buy” rating on Amino Technologies, up 4.7%, with a target price of 180p. Quixant, up 2.6%, in its half yearly trading update, announced that trading performance was strong with both divisions performing well while it is on track to accomplish full year market expectations. It expects EBITDA for the six month period to be more than $5.8m, compared to $2.9m in the same period last year.
Elektron Technology, down 6.4%, reiterated in its trading update that it expects revenues for half year ended 31 July 2016 to be lower than last year. The company continued to witness fall in markets for some of its legacy products. It experienced a decline in orders before and after Brexit, however remains watchful regarding current levels of uncertainty in the market.
UK markets ended mostly higher in the prior week, as the preliminary GDP estimate showed that the economy rose more than expected on a quarterly basis in Q2 2016. However consumer confidence fell the most in 26 years in July. The FTSE 100 index fell 0.1% to 6,724.4, while the FTSE AIM 100 Index rose 2.5% to close at 3,621.7. The FTSE techMARK 100 Index advanced 0.6% to 4,302.
US markets saw encouraging earnings from major tech companies offset by a disappointing Q2 GDP report. The DJIA index declined 0.7% to 18,432.2, while the NASDAQ Index gained 1.2% to 5,162.1.
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