The technology services provider Computacenter issued a Q1 trading update this morning which painted an upbeat picture for the business. Significant growth was reported, helped by activity in North American and the UK, with revenues well ahead of both the comparative and expectations. That has been sufficient to bolster the forecast for the first half of the year, although optimism in the longer term is clouded by economic and geopolitical uncertainty, along with the fact H2 ‘FY25 presents some tougher comparatives. Regardless of this, the market was welcoming of the news which saw the Computacenter share price rise 4% in early trade.
It might be listed on AIM but the North Sea oil and gas company Serica has a market cap in excess of £1bn. This morning management provided an update, noting that it was looking at the potential of a debt raise as the company looks to optimise its capital structure. Production has also increased by around 25% over the second quarter and whilst full year guidance remains unchanged, the sub-text suggests this could be a conservative steer. The Serica Energy share price was up 3% shortly after the open.
The green fertilizer manufacturer issued an update this morning following the success of an overnight placing by way of an accelerated book build, along with a subscription for new equity from a single institutional investor. This saw more than £24m raised and the share price drop reflects the discount at which the new equity was offered. Funds raised will be used to progress its first-of-a-kind green fertilizer project in Paraguay, which has become even more significant in light of the recent spike in fossil fuel prices. The ATOME share price was down 29% at 8.45am, still holding a modest premium over the new issuance price.
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