Tristel, up 8.2%, today, announced that the US Food and Drug Administration (FDA) has completed its review of the Company's 510(k) filing for Tristel OPH, and has granted its clearance for immediate sale. Tristel OPH is a high-level disinfectant (HLD) foam for use on ophthalmic medical devices, including reusable tonometers, pachymeters, lenses, retinal imaging probes, A-scan and B-scan biometry probes that make contact with the cornea.
CyanConnode, up 6.7%, announced that current independent Non-Executive Director, Björn Lindblom, has been appointed as Non-Executive Chairman, and John Cronin will transition from Executive Chairman to Group Chief Executive Officer (CEO), with immediate effect. The move formalised the separation of Chairman and CEO roles, aligning with corporate governance best practices. Separately, today, the company announced that further to its announcement on 14 April 2025 regarding the Government of Goa's Electricity Department's intention to award a contract worth around £70m to its Indian subsidiary, DigiSmart Networks Pvt. Ltd., it has now received a formal Letter of Award by the Government of Goa's Electricity Department to deploy approximately 750,000 smart meters.
1Spatial, down 6.9%, in its final results for the year ended 31 January 2025, announced that revenues advanced to £33.4m from £32.3m recorded in the previous year. Profits before tax narrowed to £0.2m from £1.1m. Its cash and cash equivalents stood at £3.63m (2024: 4.3m).
UK markets ended mostly higher last week, as the Bank of England (BoE) cut the rate by 25 basis points to 4.25%. On the data front, the UK services PMI fell less than expected in April, while the nation’s Halifax house prices index rose for the first time in 3 months in April. Meanwhile, the UK RICS housing price balance index dropped in April. Separately, the Bank of England (BoE) reduced its key interest rate by 25 basis points to 4.25%, in response to sluggish economic growth and ongoing uncertainty surrounding President Donald Trump’s trade tariffs. The FTSE AIM 100 index rose 2.9% to close at 3,539.3, while the FTSE techMARK 100 index gained 2.1% to end at 6,603.8. Meanwhile, the FTSE 100 index declined 0.5% to settle at 8,554.8.
US markets ended lower in the previous week, as US President Trump’s proposed tariffs were expected to boost inflation and slow economic growth this year. On the macro front, the US services PMI unexpectedly rose in April, while the nation’s weekly jobless claims dropped more than expected in the week ended 02 May 2025. Separately, the US Federal Reserve (Fed) kept its key interest rate unchanged at 4.50%, as expected. However, Fed Chair Jerome Powell noted that it remains uncertain whether the economy will maintain its steady growth or falter amid rising uncertainty and the potential for a surge in inflation. The DJIA index fell 0.2% to end at 41,249.4, while the NASDAQ index lost 0.3% to close at 17,928.9.
