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Akili Interative secures $160 million in financing

25 May 2021 | 07:33am StockMarketWire.com - Infant merchandise retailer Mothercare said it expected to report a small underlying operating profit for the full year, even as its sales slumped 40%. The company had previously forecast a small loss at the underlying earnings before interest, tax, depreciation and amortisation (EBITDA) level for the year through 27 March. Net worldwide franchisee retail sales had dropped to £326 million, down from £542 million year-on-year. Mothercare said the fall reflected the impact of Covid-19 in various global markets, which had been offset by cost cutting....

25 May 2021 | 16:39pm StockMarketWire.com - The FTSE 100 saw a modest decline on Tuesday after trading broadly flat for much of the day as strength in sterling weighed on the overseas earnings dominated index. By the close it was down 0.3% at 7,029.79. In the US the S&P 500 was also a bit lower, slipping 0..2% to 4,188.64 by 4.30pm UK time. Industrial software group Aveva rallied 1.6% to £33.28 even as it reported a 63% slump in annual profit after the pandemic hits sales in the first half. Aveva nevertheless upped its dividend by 1% to 23.5p per share, citing a second-half sales recovery th...

12 May 2021 | 16:09pm StockMarketWire.com - PureTech Health has formed a Clinical Advisory Board for idiopathic pulmonary fibrosis (IPF) and other progressive fibrosing interstitial lung diseases (PF-ILDs). Comprised of physicians and researchers with deep expertise in the clinical development of novel therapies in PF-ILDs, the advisory group will work closely with PureTech as it advances LYT-100 (deupirfenidone). 'We are proud to have assembled some of the world's leading experts in fibrosing lung diseases. These dedicated individuals have pioneered the research and development of the curre...

22 February 2021 | 08:56am StockMarketWire.com - Recruitment business RTC scrapped its dividend after its annual profit slumped 51%. Pre-tax profit for the year through December dropped to £0.87 million, down from £1.76 million year-on-year. Revenue fell 14% to £81.4 million, though net cash increased to £1.9 million. '2020 was a year like no other in our history,' chief executive Andy Pendlebury said. 'Given the seismic impact of the closure of large parts of our economy I believe our results are extremely respectable and our cash position significantly enhanced.' 'Although, as we publis...