FD Technologies (FDP) shares jumped 27.37% to 1,934 following Microsoft deal
FD Technologies, a group of data-driven businesses, has entered into an agreement with Microsoft to expand the reach of the group’s KX Insights streaming data analytics platform.
The company acknowledged that the formation of this partnership comes at a time when more organisations are looking to modernise their data infrastructure for real-time decision making.
FD Technologies said it believes this strategic partnership with Microsoft will accelerate the business’ mission to enable organisations to drive value from their real-time data assets.
Calnex Solutions (CLX) shares rise 18.14% to 140p as it expects FY23 to beat expectations
Calnex, which provides test and measurement solutions for the telecommunications sector, says strong levels of trading in 1H22 have continued and it anticipates that, subject to the fulfilment of scheduled orders in March, its FY22 performance will be in line with expectations.
As a result, it will begin FY23 with a record order book across all product lines. It anticipates that revenue and operating profit for FY23 will be materially ahead of market expectations.
The Board said it is currently assessing the opportunities this may create for Calnex within the data centre market and that it expects to release its final results for FY22 later in May 2022.
7digital Group (7DIG) shares rise 14.29% to 0.4p as it secures €2.2m music deal
Today, the digital solutions music group has signed a contract with an existing B2B music streaming service customer in a deal which is worth a minimum of €2.2m over three years.
The Company, which has been providing services to the unnamed customer since 2016, with contract renewals on an annual basis, told investors that this latest contract expands this relationship into a long-term agreement, therefore providing greater visibility over revenue.
Petropavlovsk (POG) shares fall again by 40.74% to 4.799p following Russia sanctions
During Monday afternoon trading, shares in the Russian gold miner Petropavlovsk fell 24.15% to 7.197p after Western nations ramped up sanctions. It has since shed over 30% in value.
Shares in the miner continue to plummet as Russia-focused metals and mining stocks take a greater hit as Western nations ramp up sanctions against Russia amid its invasion of Ukraine.
Again, in the FTSE 250, the Russian gold mining company has been today’s biggest faller.