Cambridge Index falls 1.3%

The Cambridge Index dropped 346.1 points or 1.3% to close at 26293.5, as seven of the top ten Index heavyweights posted weekly losses to their share prices.

11 Oct 21_The Cambridge & FTSE AIM 100 Index Movement

AVEVA Group, down 1.1%, announced that Dr Ayesha Khanna has been appointed as an independent non-executive director, with effect from 28 October 2021.

Sareum, up 7.0%, announced that the United States Patent and Trademark Office has approved its patent in respect with Sareum's proprietary SDC-1802 TYK2/JAK1 Kinase Inhibitor Programme (the SDC-1802 Programme).

Marshall Motor, up 6.7%, in its trading update announced that full year profits for the year ending 31 December 2021 would be not less than £40m.

Oracle Power, unchanged at 0.3p, today announced that it has signed a non-exclusive co-operation agreement with PowerChina International Group Ltd to jointly develop a green hydrogen production facility in Pakistan.

LPA Group, down 17.7%, in its trading update for the year ended 30 September 2021, announced that supply chain challenges caused further delays in rail project, resulting into an operating loss.

CyanConnode, down 16.9%, today in its trading update for the six months ended 30 September 2021, announced that its sales turnover rose to £4.1m, 2.7 times higher than the equivalent FY21 period.

Gaming Realms, down 6.0%, announced that it has agreed a multi-year extension to its licensing agreement with content producer Banijay Group.

Science Group, down 5.3%, today in its trading and business update, announced that the group has continued to perform well, despite component supply constraints.

Netcall, down 5.3%, in its audited results for the year ended 30 June 2021, announced that revenues climbed to £27.15m from £25.11m recorded in the previous year. The company proposed a final dividend of 0.37p per share, which would be paid to shareholders on 8 February 2022.

Feedback, down 3.3%, today announced that it has entered into a memorandum of understanding (MOU) with Quest Teleradiology to develop strategic opportunities for Bleepa.

Xaar, down 0.6%, announced that it has entered into a conditional agreement with Stratasys Solutions Limited, its partner in Xaar 3D Limited, to accelerate the sale of Xaar's interest in Xaar 3D to Stratasys.

UK markets ended mostly lower last week, as surging energy prices stoked concerns over inflation and amid worries over supply chain disruptions. On the data front, UK’s service sector activity expanded in September, while the nation’s house prices grew at its strongest pace since 2007 in September.

Meanwhile, the UK’s construction PMI dropped to an 8-month low in September, driven by rising prices, supply chain issues and staff shortages. The FTSE techMARK 100 index lost 1.4% to end at 7058.5, while the FTSE AIM 100 index fell 1.8% to close at 5930.9. Meanwhile, the FTSE 100 index advanced 1.0% to settle at 7095.6.

US markets ended higher in the previous week, after the US Lawmakers reached a deal to increase the debt ceiling in the short-term, thereby avoiding a possible US government shutdown. On the macro front, the US ISM services PMI climbed at a faster-than-expected pace in September, while factory orders climbed more than expected in August, reflecting strength in manufacturing. Additionally, the US weekly jobless claims declined for the first time in four weeks in the week ended 1 October 2021, while private sector employment rose more than expected in September. On the contrary, the US non-farm payrolls rose at a slower pace in September. The DJIA index rose 1.2% to end at 34746.3, while the NASDAQ index gained 0.1% to close at 14579.5.

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