Greene King, up 0.8%, announced the appointment of Rob Rowley to the board as a Non-Executive Director with effect from 18 July 2014. The company also announced that they had formed a partnership with AB InBev UK to sell/distribute US craft beer Goose Island in the UK from October 2014.
Aveva Group, down 2.6%, announced that it has signed a partnership agreement with ETAP, under which both companies will jointly develop a software interface between AVEVA Electrical and ETAP's enterprise solution for electrical power systems.
Xaar, up 4.7%, predicted its revenue in the first half ended 30 June to fall by around £7m, but it expects higher levels of sales in the second half of the year to offset this slightly, with full-year revenue of around £130m compared with £134.1m a year earlier.
Gaming Realms added 3.9%, after it said that its subsidiary, Bear Group, has been awarded a category 1 and category 2 eGaming licence by the Alderney Gambling Control Commission in the Channel Islands.
Elektron Technology, up 2.5%, expects to raise £988,729 (before expenses) in the Open Offer through the issue of 19,774,586 shares at a price of 5p per share.
Blinkx, up 0.7%, announced a partnership with the Ladies Professional Golf Association to offer blinkx users professional golf highlights, player interviews and tips, among other video clips.
Frontier Developments’ share price remained unchanged. Eurogamer reported that it was aiming to future proof its open world space game ‘Elite: Dangerous’ so that it remained significant for years after launch.
Shares of Cambridge Cognition Holdings remained stable over the week. It welcomed the two scientific papers presented at the Alzheimer's Association International Conference in Copenhagen, highlighting the potential cost savings UK GP practices could achieve by more accurate assessment of patients who present with 'subjective memory complaints'.
Amino Technologies, down 1%, posted a pre-tax profit of £1.8m for the six months ended 31 May, compared to £2.6m in the same period the prior year. Revenue in the period fell to £16.4m from £20.1m. Northland Capital Partners and N+1 Singer reiterated their “Hold” ratings with respective price targets of 100p and 93p. N+1 Singer reaffirmed its “Sell” rating on the shares of Abcam, down 3.4%, with a price target of 346p. 1Spatial, down 4.1%, has been awarded a significant long-term contract with the Ministry of Defence for the No.1 Aeronautical Information Documents Unit.
UK markets generally increased during the week, as positive corporate updates more than offset uncertainty in Ukraine and Middle East. In the UK, the FTSE 100 Index and the FTSE techMARK 100 Index added 0.9% each to 6,749.5 and 3,263.4, respectively. However, the FTSE AIM 100 Index lost 0.4% to 3,275.4.
US markets closed firmer during the week, led by upbeat earnings and an increase in merger & acquisition activity among US companies. The DJIA index rose 0.9% to 17,100.2, while the NASDAQ index gained 0.4% at 4,432.2.
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Cambridge Index rises marginally
22 July 2014
The Cambridge Index rose slightly by 3.6 points to 15,112.2, as modest gains in Johnson Matthey, DS Smith and Greene King were dampened by losses in ARM Holdings and AVEVA Group.