(Alliance News) - London's FTSE 100 slumped on Wednesday, with UK inflation worries after more robust than expected data hurting investor sentiment and tensions in the Middle East ratcheting up after a strike at a hospital in Gaza. Read More
(Alliance News) - Kin & Carta PLC has agreed to a more than GBP200 million takeover offer from funds advised by Apax Partners LLP, representing a 41% premium per share compared to Kin & Carta's closing share on Tuesday, the two companies said on Wednesday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Stock prices in London opened in the red on Wednesday, after a stubborn UK inflation print and concerns about the conflict in the Middle East weighed on sentiment. Read More
(Alliance News) - The FTSE 100 is expected to open higher on Wednesday, amid rising commodity prices prompted by rising tension in the Middle East. Read More
(Alliance News) - London's FTSE 100 extended its losing streak to five days on Thursday, as lingering interest rate worries continued to keep a lid on enthusiasm. Read More
(Alliance News) - Stock prices in Europe were lower at midday on Thursday, after the US Federal Reserve warned that a further interest rate hike may be on the cards. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - Kin & Carta PLC shares were up on Thursday, after it said it expects profit to beat market forecasts for financial 2023. Read More
(Alliance News) - Stocks in London were mostly lower at the close on Friday, though the FTSE 100 ended in the green amid glimmers of hope that the impasse in US debt ceiling negotiations may soon draw to an end. Read More
(Alliance News) - Stock prices in London were largely lower at midday on Friday, though the FTSE 100 outperformed, as investors looked to the prospect of further interest rate hikes in the UK, while also tracking developments in the US debt ceiling impasse. Read More
(Correcting that currency movements result in net revenue headwinds in the second half of financial 2023, not the second quarter.) Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
Kin & Carta PLC - London-based business consultancy - Expects net revenue for financial 2023 ending on July 31 to be flat to about 2% higher compared to the year before. Says the revised financial year net revenue guidance reflects recent currency movements, which result in net revenue headwinds in the second quarter GBP3 million, compared to the previous market forecast. Says the backlog for financial 2024 continues to build and is now GBP133 million, compared to GBP105 million a year ago. Read More
Kin & Carta PLC - London-based business consultancy - Acquires data service provider Forecast Data for up to GBP13.1 million. Says it will pay an initial consideration of GBP3 million. Additionally, Kin & Carta will pay an earn-out vesting over 29 months based on earnings growth for Forecast Data through to September 30, 2024. Up to 75% of the earn out payable in Kin & Carta shares. The total purchase price is capped at GBP13.1 million. Forecast Data is being bought from Founder Neil MacDonald, Jennifer MacDonald, and a small group of senior managers, who will continue to work for the company. Read More
Kin & Carta PLC - London-based business consultancy - Posts net revenue of GBP98.7 million for the six months that ended on January 31, up 15% from GBP85.6 million a year before driven by acquisitions and currency effects. Net loss before tax, however, widens to GBP15.1 million from GBP3.3 million, as operating loss widens to GBP14.7 million from GBP2.6 million. Adds that the net loss is driven by net adjusting cost items of GBP32.7 million, as well as difficult trading conditions. Looking ahead, expects organic growth and profitability to improve in the second half. Expects total net revenue growth of 8% to 12% in financial 2023, but a low-single-digit percentage decline in organic net revenue. "We expect a return to more normal growth and profitability in FY24," it says. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Stocks in London closed in the red on Friday after a closely-watch gauge of US inflation accelerated in January, keeping pressure on the US Federal Reserve to maintain a hawkish stance on interest rates. Read More