Market Prognosis

A concise summary of the major macro events of the past 24 hours, and selected UK company-specific news.

<< Back to Market PROGnosis archive

August 31, 2023

Just a Little UK News

UK Company News

Aferian – H1 results read note here.

Kainos said that their customers continue to maintain investment in digital projects, and trading in the first half has been good.  As a result, the Board expects FY results to be in line with the current consensus forecast.

Somero reported H1 revenue -14%. It said that non-residential construction markets remain healthy across other sectors. Some projects have been impacted by delayed project starts and pauses, primarily due to elevated interest rates and tightened bank lending standards. It expects an improvement in H2 and that FY results will fall in line with market expectations. 

WANDisco has changed its name to Cirata

Frasers increased its stake in Bohoo to 9.1%.  

Prognosticator 

This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.

Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

Any prices quoted in our research are as at the previous day’s close.