SDI Group, up 18.3% today, in its trading update, announced that it expects its full-year results for FY25 to align with market expectations, following a robust performance in the second half that offset a slow start to the year. The company reported strong cash generation, maintaining net debt at £13.8m with £9.9m in undrawn bank facilities. The group has a robust order book, buoyed by an uptick in orders in Q4 FY25, and looks forward to providing a further update on the full-year results in late July/early August.
CyanConnode, up 4.4%, 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.
Tristel, down 2.5%, 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. Separately, the company announced that Chief Financial Officer (CFO), Liz Dixon has decided to retire from the business, with effect from 30 June 2025.
Oracle Power, unchanged at 0.02p, announced that the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) approved a Programme of Works (PoW) for 200 additional drill holes at the Northern Zone Gold Project in Western Australia. A high-resolution drone magnetic survey is planned to aid structural interpretation. Structural logging of four diamond drill holes, reaching depths of 500 meters, is underway by consulting group Xiraltem to prepare for a maiden Mineral Resource Estimate (MRE). Metallurgical testwork on oxide mineralisation is in progress, and the Mining Licence application is advancing, with updates expected later this month.
UK markets ended higher last week, supported by a recent de-escalation in global trade tensions and upbeat UK GDP data. On the data front, the UK gross domestic product expanded more than anticipated in 1Q25, signaling resilience despite global uncertainties. Also, the UK BRC like-for-like retail sales rose more than expected in April. Meanwhile, UK manufacturing production dropped more than anticipated in March, while the nation’s industrial production declined more than expected in March. Moreover, the UK ILO unemployment rose as expected to three months in March. The FTSE 100 index advanced 1.5% to settle at 8,684.6, while the FTSE AIM 100 index rose 0.8% to close at 3,567.1. Additionally, the FTSE techMARK 100 index gained 1.5% to end at 6,704.4.
US markets ended higher in the previous week, as softer-than-expected US inflation data and optimism surrounding a US-China tariff truce. On the macro front, the US retail sales rose more than expected in April, while the nation’s weekly jobless claims remained unchanged in the week ended 09 May 2025. Meanwhile, the US consumer price index rose less than expected in April, while the nation’s producer prices advanced less than anticipated in April. Moreover, the US housing starts dropped more than expected in April, while the nation’s building permits declined sharply in April. Also, the US Michigan consumer sentiment index unexpectedly fell in May. The DJIA index rose 3.4% to end at 42,654.7, while the NASDAQ index gained 7.2% to close at 19,211.1.
