Goldman Sachs increased its target price on DS Smith, down 1%, to 500p from 485p and maintained a “Neutral” rating.
Abcam, down 3.6%, announced that its annual revenue rose to £217.1m, while its profit before tax grew to £51.9m. However, the stock received mixed reviews from brokers.
Numis Securities reaffirmed its “Hold” rating on Greene King, up 0.1%, with a target price of 595p.
1Spatial, up 3.7%, announced that it has signed two contracts, one with the US Federal Highways Administration (FHWA) and other with the National Oceanic & Atmospheric Administration (NOAA).
Cambridge Cognition Holdings, up 2.8%, announced that UK's innovation agency, Innovate UK, has awarded £300k of R&D funding to the company for the development of a novel digital health system. FinnCap reiterated its target price of 130p.
Amino Technologies, down 2.8%, announced that it has started providing television services delivery with both mobile and set-top box for its Finland-based client, DNA. Today, the company announced that it has signed a deal with Germany’s largest fibre-to-the-home networks provider, Deutsche Glasfaser. FinnCap upgraded its target price on the stock to 220p from 200p.
Numis Securities reiterated its “Buy” rating on Horizon Discovery Group, down 4.2%, with a target price of 300p.
RhythmOne, down 6.9%, announced that Mr Richard O'Connor will step down from his role of Chief Financial Officer. Mr Edward Reginelli will re-join RhythmOne to take over as the new CFO and will join the Board as an Executive Director. N+1 Singer reissued its “Buy” rating on the stock.
CyanConnode Holdings, down 8.8%, highlighted that its half-yearly revenues fell to £573k from £1m, while its loss before tax rose to £4.7m from £2.9m. Separately, the company announced that it has completed the proposed fund raising of approximately £8.6m through conditional placing and subscription of up to 30.9m shares at 28p per share.
Vernalis, down 9%, announced that its annual revenues rose to £20.8m, however its loss before tax widened to £23.7m. Gaming Realms down 16.7%, announced that its interim revenue declined to £15.7m and it reported a loss before tax of £4.1m.
UK markets finished lower last week, after the Bank of England suggested that it would raise its interest rates in coming months to control rising inflation. The nation’s annual inflation surged nearly to its five-year high level in August, while the British unemployment rate unexpectedly dropped to a 42-year low level in the May-July period. The FTSE 100 index declined 2.2% to settle at 7,215.5, while the FTSE AIM 100 index dropped 2.0% to close at 5,035.3. The FTSE techMARK 100 index fell 1.1% to end at 4,470.9.
US markets closed higher in the prior week, amid a rise in the US inflation to its highest level in seven months. The nation’s weekly jobless claims unexpectedly fell in the last week. Meanwhile, retail sales in the US dropped to a six-month low and industrial output eased to its lowest level since 2009 in August. The DJIA index jumped 2.2% to end at 22,268.3, while the NASDAQ index added 1.4% to close at 6,448.5.
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