TRADING UPDATES: Cerillion s first half strong; Christie turns to loss lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Mon, 19th Apr 2021 17:54
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Cerillion PLC - London-based billing and customer relations management software firm - Says experienced strongest ever six-month trading period, exceeding management expectations. Revenue for six months to March 31 expected to total GBP12.8 million, up 25% on a year ago, while adjusted earnings before interest, taxes, depreciation and amortisation is expected to rise 77% to GBP4.8 million. The company adds that its sales pipeline remains strong and prospects for the remainder of the financial year are very positive . The business has performed very strongly over the first half, and new orders in the period have equalled total new orders for the whole of the last financial year. Our last contract win represented another major milestone for us, and reflects growing market recognition of the quality of our soluti
The government’s decision to water down new foreign investment rules designed to protect national security casts serious doubt about its resolve to keep China out of the most sensitive parts of the British economy. Raising the threshold above which an overseas stake must be examined from 15 per cent to 25 per cent will sharply reduce the number of deals facing scrutiny.
The amendment to the National Security and Investment Bill, now wending its way through parliament, was presented by business secretary Kwasi Kwarteng as necessary to show Britain is still ‘open for business’. It follows intense lobbying by the Confederation of British Industry, which fears the new rules will deprive industry of investment just as it is emerging battered and bruised from the Covid pandemic.
Who can take on China in the tech arms race? spectator.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spectator.co.uk Daily Mail and Mail on Sunday newspapers.