Barclays: Scrap stamp duty to drive UK capital markets boom September 16, 2024 Barclays has backed a review of stamp duty on share purchases in a bid to “revive” the UK’s flagging stock market. In a report on Monday, the bank argued that a variety of changes were needed to make London “internationally attractive”, as well as encouraging unlisted companies to float on the UK’s main market. The [...]
Jet2 founder Philip Meeson sells millions more shares September 11, 2024 The founder of budget airline and holidays operator Jet2 has further lowered his stake in the listed business after selling a further five million shares. Philip Meeson has sold the ordinary shares to a limited number of institutional investors. The deal involves approximately 2.3 per cent of the issued ordinary share capital in Jet2. In a statement [...]
Gamma Communications eyes move from AIM to FTSE 250 September 10, 2024 Gamma Communications, the UK-based business call services provider, is considering a move to the London Stock Exchange’s Main Market following a strong set of interim results which could potentially see the company moving from AIM to the FTSE 250 Index. Shares in Gamma surged by as much as 10 per cent in early trading on [...]
Gear4music hits all the right notes to drive sales growth September 6, 2024 The online musical instrument retailer Gear4music, which saw its share price skyrocket last month after it swung back into profit, said it was on track to generate revenue of more than £150m in 2025. The London-listed company, which is headquartered in York, said at its annual general meeting today it would announce it was trading [...]
Fusion Antibodies: Pharma firm has ‘challenging’ year despite strong sales pipeline September 5, 2024 Pharmaceutical company Fusion Antibodies said it had a “challenging” year but has seen its sales pipeline grow. Fusion posted audited revenue of £1.14m for the year ended March 2024, a 60 per cent drop from the £2.9m it reported in 2023. The company, which specialises in antibody discovery, engineering and supply for therapeutic drugs, said [...]
Jet2 welcomes ‘booking momentum’ as it doubles down on package holidays September 5, 2024 Budget airline and leisure group Jet2 has welcomed a late bout of” booking momentum” in July and August, and doubled down on its strategy to ramp up its package holiday offering. The Aim-listed carrier, which in July hiked its dividend after reporting record passenger numbers, said it had maintained its momentum throughout late summer in [...]
Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’ September 4, 2024 English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed on AIM, said the fall from £2.4m to £40,000 in the in the six months ended 30 June was due to a ‘difficult macroeconomic environment’, [...]
Midwich: Tech distributor posts solid growth despite headwinds September 3, 2024 Audio and TV distributor Midwich has defied broader market headwinds to post a double-digit rise in gross profit and improved revenue numbers. The Norfolk-based firm, which has been a constituent of London’s Aim market since 2016, grew by 7.5 per cent at constant currency in the six months to June 30, raking in £446m in [...]
Getbusy: Productivity software firm’s shares sink as growth slows September 3, 2024 Shares in productivity software provider Getbusy plunged nearly 11 per cent on Tuesday morning after it disappointed investors with its half-year results. Annual recurring revenue (ARR) grew less than £1m in the first six months of 2024 to £21m and net cash tumbled to £0.2m, down from £1.7 last year, which Getbusy said reflected “a [...]
Ashtead Technology posts ‘record’ half year as it eyes more deals September 2, 2024 Ashtead Technology said it achieved a “record” performance in the first half of the year as it looks to build out its merger and acquisition (M&A) pipeline. In the six months ended 30 June 2024, the subsea equipment rental and provider for the offshore energy industry posted a 61 per cent year-on-year increase in revenue [...]