Trustpilot Group (TRST) shares ticked up 3.71% to 346.6p as it sees revenue grow by 31%
In a 1H21 trading update, Trustpilot said it expects to report total revenue of $62m for the period - that’s about 31% growth over the prior-year period, or c.+22% at constant currency.
The Company said it expects to report 1H21 annual recurring revenue (ARR) of $134m, compared to $99m in the prior year, representing about 27% constant currency growth.
After feeling the effects of the COVID-19 pandemic in 1H20, Trustpilot said the subsequent re-acceleration in its business has continued into 1H21, as anticipated, which has resulting in bookings growth of c.+37% over the prior-year period, or c.+28% at constant currency.
As a result, the Company told investors that it reiterates its guidance for high-teens constant-currency revenue growth for FY21, in line with FY20 bookings growth.
QUIZ (QUIZ) shares soared 24.57% to 12.05p as sales fall in line with expectations
In an update for the period between 1 April 2021 to 30 June 2021, the omni-channel fashion brand reported £17.3 million in sales which it said is consistent with the Board's expectations and represents a £13.1m increase on the revenues generated in the comparable prior year.
Sales through QUIZ’s websites was £4.6m (FY20: £2.2m) with revenues steadily improving. Meanwhile, sales through third party websites totalled £1.8m with this channel impacted by the cessation of sales through the Debenhams website from early April 2021 (FY20: £1.2m).
‘The Group looks forward to the further relaxation of restrictions on social activities, which the Board believes will result in increased demand for QUIZ's ranges which have traditionally provided popular options for social events and celebrations,’ the Company informed investors.
Hurricane Energy (HUR) shares jumped 16.77% to 3.599p as it fulfils regulatory obligations
On Wednesday, the UK based oil and gas company announced that it had completed operations to plug and abandon the 205/26b-14 well on the P1368 licence in the Greater Warwick Area ("GWA"), which Hurricane operates on behalf of the GWA joint venture.
It said the operation was completed within both schedule and budget and that the Stena Don semi-submersible rig which was contracted to undertake the work has now been released.
By completing these operations on the P1368 licence, Hurricane has achieved its previously outlined regulatory obligation to plug and abandon the Lincoln-14 well by 31 October 2021.
Aura Energy (AURA) shares rose 13.64% to 6.25p as it restarts field work at Tasiast South
Shares rose on Monday after the Australia-based mining company announced to investors that it has restarted field work at the Tasiast South gold and base metal project in Mauritania.
The London-listed Company, which has now mobilised two geophysical crews from South Africa to undertake detailed gravity surveying on all three of Aura's tenements at Tasiast South, said the field work is in line with its proposed exploration plan and expenditure.
“With similar geology to Kalgoorlie, we look forward to delivering the results of the gravity survey and IP surveying, to further advance this high potential project, and progress towards relisting on the ASX,” commented Aura Energy Managing Director of Aura, Peter Reeve.
Capita (CPI) shares fell 4.70% to 35.41p but remains on track to deliver revenue growth
Today, Capita informed investors that the Competition and Markets Authority ('CMA') has approved the merger of Education Software Solutions ('ESS') with ParentPay Limited.
ESS was acquired by Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity ('Montagu') from Capita on 2 February 2021, with the intention of merging the business with ParentPay once the CMA had given its approval.
As previously announced, as a result of this approval Montagu will pay Capita deferred consideration of £45m. Capita expects to receive this payment on or before 26 July 2021.
In June, Capita announced that it had agreed to sell its stake in the Axelos joint venture with the UK government to certification group PeopleCert International in a deal worth £380m.
In a separate market update released that month, Capita said it remains on track to deliver revenue growth in 2021, for the first time in six years, despite the impact of COVID-19.