Morning News Summary 07 February
Mixed market signals with positive developments in alternative proteins and real estate, while technology and healthcare sectors face challenges. Key updates from ANIC, PSDL, HINT, IOM, and APQ.
Mixed market signals with positive developments in alternative proteins and real estate, while technology and healthcare sectors face challenges. Key updates from ANIC, PSDL, HINT, IOM, and APQ.
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The medical device company is raising capital through a discounted retail offer, but lacks financial details to fully assess the impact.
The medical device company has raised £4 million through a discounted share placing, potentially signaling low investor appetite and dilution for existing shareholders.
The cloud services provider warns of weaker-than-expected profits due to rising customer churn and lower renewals, despite growth in newer offerings.
The global investment trust is set to combine with a peer, creating a larger, more liquid vehicle with a strong performance track record and competitive cost structure.
The financial services group has agreed to sell its US protection business and form a strategic partnership with Meiji Yasuda, boosting its capital position and enabling increased shareholder returns.
The real estate investment company reports a 3.2% increase in portfolio valuation in H2 2024, the first rise since 2022, driven by strong condominium sales. The firm is accelerating its condominium sales strategy to boost valuations.
The investment company reports a decrease in sales and profitability for its aerial work platform business, Snorkel, and ongoing legal proceedings that could affect the valuation of this key investment.
This investment trust reported underperformance in the recent half-year but maintains a strong long-term track record. Management is taking steps to address the widening discount through share buybacks and a proposed tender offer.
The investment trust is set to combine with a peer, creating a larger, more liquid entity with a stronger performance track record and reduced costs for shareholders.
The asset manager maintained stable AuM of US$48.8 billion despite challenging market conditions, with a strategic focus on emerging markets and growth in equities.
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