Johnson Matthey, down 1.7%, announced that it has entered into a memorandum of understanding (MoU) with Hystar AS. Under the agreement, Johnson Matthey would collaborate with Hystar to provide catalyst coated membranes (CCMs) for use in their innovative proton exchange membrane (PEM) stack and electrolyzer system package, which offers a significant improvement in efficiency.
Frontier Developments, up 1.6% today, in its trading update for the 12 months ended 31 May 2022, announced that its games like Jurassic World Evolution, Planet Zoo, and Planet Coaster, have performed well. Meanwhile, sales of Elite Dangerous: Odyssey have been more muted so far in FY22. Moreover, the group would release its Jurassic World Evolution 2 for FY22. It would be the biggest release for the period.
CyanConnode, up 7.2%, announced that it has officially inaugurated its new Corporate Office and IoT Innovation Centre in India. Additionally, the company announced that it has achieved the milestone of shipping 1m nodes to customers across all of its projects in India, during October 2021.
Aferian, unchanged at 163.5p, announced that its subsidiary, 24i has supported the launch of streaming service Cinessance in the US and Canada on iOS and Android platforms, bringing a catalogue of classic and modern movies to fans of French culture and cinema.
Sareum, down 20.2%, announced that its Annual General Meeting (AGM) would be held at 10am on 16 December 2021 at The City Centre, 80 Basinghall Street, London EC2V 5AG.
GRC International Group, down 11.4%, announced that its annual general meeting (AGM) 2021 would be held on 15 December 2021 at 11am at 30 Finsbury Square London EC2A 1AG.
Cambridge Cognition, down 10.5%, today announced that it has posted the company’s annual report and accounts for the financial period ending 30 June 2021, along with the notice of its annual general meeting (AGM). The AGM would be held at 10.30am on 16 December 2021 at the offices of Taylor Wessing LLP, 5 New Street Square, London, EC4A 3TW.
Dialight, down 4.3%, today, in its trading update for the period from 30 June 2021 to 31 October 2021, announced that its trading performance was good during the period. Additionally, it has witnessed order intake year to date was up 34%, driven by a strong performance in the Lighting segment. The group would release its full year results on 28 March 2022.
UK markets ended lower last week, on growing concern over rising inflation. UK’s consumer price inflation accelerated to a 10-year high in October, boosting expectations for an earlier than expected rate hike by the Bank of England. Additionally, UK’s retail sales jumped in October, recording its first monthly gain in six months, while the nation’s consumer confidence improved in November. Moreover, Britain’s unemployment rate dropped in the three months to end September. The FTSE 100 index declined 1.7% to settle at 7223.6, while the FTSE AIM 100 index fell 1.6% to close at 6066.0. Also, the FTSE techMARK 100 index lost 0.8% to end at 6997.6.
US markets ended mixed in the previous week, following upbeat data of retail sales offset by worries over surging inflation. On the macro front, the US retail sales climbed for a third consecutive month in October, as consumers started their holiday shopping early, while the nation’s industrial production rebounded in October. Additionally, the US building permits rose more than expected in October, while weekly jobless claims fell in the week ended 12 November 2021. On the flipside, the nation’s housing starts unexpectedly declined in October. The DJIA index fell 1.4% to end at 35602.0, while the NASDAQ index gained 1.2% to close at 16057.4.