Topps Tiles reported a 31% drop in adjusted pre-tax profit to £2.2 million for the first half of the year, despite outperforming a weak home-improvement market. Revenue rose 11.6% to £142.6 million, boosted by the acquisition of tile distributor CTD, which is expected to become profitable in the second half. Trade customers now make up nearly 75% of revenue, with online sales growing to 21%. The company saw improved gross margins and declared a 25% higher interim dividend of 1p. CEO Alex Jensen noted better trading in the second half with like-for-like sales up 0.6%.
U-BX Technology's stock fell 15.6% in after-hours trading following the announcement of a 1-for-25 reverse stock split effective Friday. The move will reduce the number of outstanding shares significantly to maintain Nasdaq listing compliance. The co...
Defence Therapeutics has enhanced its internal capabilities in purification, analytical characterization, conjugation development, and quality control to advance its ACCUM-enabled Antibody Drug Conjugates (ADC) pipeline. The company acquired new equi...
Bitcoin's price fell to around $76,000, triggering a sharp rise in fear and pessimism among retail investors, with over $700 million liquidated in a few hours amid geopolitical tensions. Despite the negative sentiment, analysis firm Santiment suggest...
U.S. spot Bitcoin ETFs experienced $648.64 million in net outflows on May 18, following $290.42 million outflows on May 15, indicating a short-term defensive shift among institutional investors. BlackRock's IBIT fund led the withdrawals with $448.36 ...
Kornit Digital reported first quarter results that exceeded analyst expectations and provided a Q2 revenue forecast above estimates, signaling strong sales momentum. However, gross margins fell to a two-year low due to tariffs, currency challenges, a...
