Merchant banking provider Close Brothers issued an update to the market this morning regarding the timing of results. Full year numbers had been expected next week, but management advised that these had now been pushed back to 30th September as the auditor needs more time. The company has been embroiled in the car finance commissions saga and this news has done little to allay market concerns over the business. The Close Brothers share price was down as much as 7% shortly after the open although was quick to trim some of those losses.
The developer of innovative sexual health products Futura published a trading, business and strategic review update to the market this morning. This highlighted that revenue projections for the full year to 31st December were being marked down significantly as a result of slower than anticipated sales plus the fact timing of a milestone payment had been pushed back to FY26. With only sufficient cash to continue operations until January, management are now exploring a number of avenues to extend the runway. The Futura share price was 37% lower in early trade.
The private hospital operator saw its share price advance on Thursday and those gains have been amplified heading into the weekend break after the company confirmed it was looking at a number of options including a possible sale. Whilst there can be no certainty that any such deal will happen, the market has clearly been enthused with the Spire share price up almost 9% by 8.45am.
Most read news on Investegate this morning
Response to speculation - - Spire Healthcare Group (SPI)
Acquisition of Independent Reserve - - IG Group Holdings (IGG)
Savannah to Sign SPA for East Africa Projects - - Savannah Energy (SAVE)
