Cambridge Index falls 0.2%

The Cambridge Index dropped 51.45 points or 0.2% to close at 25,449.8, as five of the top ten heavy weights posted weekly losses in their share prices.

Checkit, up 28.3%, in its results for the six months ended 31 July 2025, announced that revenues advanced to £6.9m from £6.7m recorded in the same period of the previous year. Loss before tax narrowed to £2.1m from £2.7m. Its net cash stood at £2.7m for the period. 

Cambridge Cognition, up 25.0%, in its interim results for the six months ended 30 June 2025, announced that its revenue declined to £4.32m from £5.60m recorded in the same period of the previous year. Loss before tax narrowed to £1.01m from £1.13m. Its cash and cash equivalents stood at £0.42m. Separately, the company announced that it has raised gross proceeds of around £1.12m via a placing and a subscription. In aggregate, 4,100,000 new ordinary shares of 1p each in the capital of the company have been subscribed for on a non-pre-emptive basis and at a price of 27.25p per share. The company intends to use the net proceeds of the fundraising, being approximately £1.06m, for general working capital purposes and to strengthen its balance sheet. 

Dialight, up 8.5%, today, in its trading update for the five months ended 31 August 2025, announced that its sales were slightly lower year-on-year, due to tariff uncertainty and weak macro conditions, though products from Ensenada remain tariff-free. The group expects significantly higher adjusted operating profit versus prior periods, supported by margin gains, cost reductions, a $1.4m Covid credit, and $0.8m FX gains. Its net debt improved to $13m from $17.8m in March 2025. Despite ongoing demand softness, the board remains confident of meeting full-year market expectations, with a further update due in October 2025. 

Avingtrans, up 3.2%, announced that its subsidiary Booth Industries has secured contracts exceeding £8.5m. These include a £7.5m, four-year deal to supply high-integrity steel doorsets for HS2’s Old Oak Common station and a multi-year Elizabeth Line tunnel door maintenance contract worth up to £1m. The Old Oak Common doorsets will enhance passenger safety, fire integrity, and secure access. These contracts strengthen Booth’s role in UK rail infrastructure and support Avingtrans’ growth outlook into FY26 and beyond. 

Bango, up 1.1%, announced that it will release its interim results for the six months ended 30 June 2025 on 15 September 2025.

Tristel, down 3.4%, today, announced that it has appointed Anna Wasyl as its Chief Financial Officer (CFO) with immediate effect.

UK markets ended lower last week, weighed down by losses in banking sector stocks. On the data front, the UK BRC shop price index advanced in August. The FTSE 100 index declined 1.4% to settle at 9,187.3, while the FTSE AIM 100 index fell 0.6% to close at 3,646.6. Additionally, the FTSE techMARK 100 index lost 1.0% to end at 7,708.2. 

US markets ended lower in the previous week, dragged down by losses in technology sector stocks. On the macro front, the US pending home sales dropped more than expected in July, while the Michigan consumer sentiment index declined more than expected in August. Meanwhile, the US annualised gross domestic product grew more than expected in 2Q25, while the nation’s durable goods orders advanced more than anticipated in July. Moreover, the US new home sales unexpectedly rose in July, while the nation’s weekly jobless claims fell more than expected in the week ended 22 August 2025. Additionally, the US consumer confidence dropped less than expected in August, while the Richmond Fed manufacturing index improved more than expected in August. The DJIA index fell 0.2% to end at 45,544.9, while the NASDAQ index lost 0.2% to close at 21,455.6.



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