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Share Price: 10.75

Bid: 10.50

Ask: 11.00

Change: 1.00 (10.26%)

Spread: 0.50 (4.762%)

Open: 10.25

High: 10.75

Low: 10.25

Prev. Close: 9.75

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IN BRIEF: Abingdon Health finance chief resigns, seeks interim hire

Wed, 18th Oct 2023 10:22

Abingdon Health PLC - York, England-based lateral flow test contract development and manufacturing company - Chief Financial Officer Melanie Ross resigns as a director of the company with immediate effect and will leave the company outright on November 30. Abingdon Health says it expects to appoint an interim finance director shortly.

On Tuesday, Abingdon Health had reported a narrowed loss amid higher revenue and decreased costs, as it focuses on shifting away from Covid-19 testing products. Pretax loss in the financial year that ended on June 30 narrowed to GBP3.6 million from GBP21.6 million a year prior. Revenue climbed 43% to GBP4.0 million from GBP2.8 million. Cost of sales decreased to GBP2.0 million from GBP6.4 million, while administrative costs were 21% lower at GBP5.2 million from GBP6.6 million.

Current stock price: 10.35 pence, down 10% in London on Wednesday

12-month change: up 45%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Today 14:29

Abingdon pregnancy self-tests now available under the Boots brand

(Alliance News) - Abingdon Health PLC on Wednesday said its saliva pregnancy self test is now available across the UK and online.

Today 13:00

Abingdon Health launching saliva pregnancy test with Boots

(Sharecast News) - Lateral flow contract development and manufacturing organisation Abingdon Health announced the launch of Boots' own-brand saliva pregnancy self-test across the UK and online on Wednesday, in collaboration with Salignostics and Crest Medical.

7 May 2024 20:22

TRADING UPDATES: Abingdon Health buys IVDeology Holdings

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

7 May 2024 13:20

Abingdon Health acquires IVDeology in £0.7m deal

(Sharecast News) - Lateral flow contract research, development and manufacturing provider Abingdon Health announced the acquisition of IVDeology and its subsidiaries on Tuesday, for up to £0.7m.

25 Mar 2024 15:27

Abingdon Health progresses at-home STD test programme

(Sharecast News) - Abingdon Health updated the market on the development of self-tests for sexually transmitted diseases (STDs) on Monday, announcing the completion of the 'design freeze' stage for four key tests in collaboration with Devyn.

25 Mar 2024 13:51

TRADING UPDATES: Peel Hunt's RetailBook raises GBP2.5 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

20 Mar 2024 11:00

Abingdon Health to launch two Boots-branded self-tests

(Sharecast News) - Lateral flow test specialist Abingdon Health announced a partnership with Crest Medical on Wednesday, to introduce Boots' own-brand rapid self-tests across the UK and online.

20 Mar 2024 10:26

Abingdon Health strikes deal amidst upswing in self testing market

(Alliance News) - Abingdon Health PLC announced on Wednesday that it will provide Boots UK Ltd with rapid lateral flow self-tests to be sold under the Boots own brand label.

20 Mar 2024 09:55

AIM WINNERS & LOSERS: Abingdon Health rises on Boots agreement

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

14 Mar 2024 15:17

EARNINGS AND TRADING: Smarttech247 and Beeks in deal boosts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

14 Mar 2024 11:20

AIM WINNERS & LOSERS: Smartspace backs Sign In bid; Abingdon jumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

14 Mar 2024 09:03

LONDON MARKET OPEN: London stocks tread water with US data to come

(Alliance News) - Stocks in London barely budged after the opening bell on Thursday, after a largely softer session in New York overnight, as eyes turn to a batch of US data and what it can mean for Federal Reserve interest rates.

11 Jan 2024 12:06

Abingdon Health shares down despite decent interim results

(Alliance News) - Abingdon Health PLC on Thursday said that it remains confident in its near-term prospects, and will focus on revenue growth and cost-cutting as it looks to swing to profit.

15 Dec 2023 11:18

Abingdon Health upbeat on strong recent progress

(Sharecast News) - Lateral flow contract research, development and manufacturing organisation Abingdon Health reported solid progress on Friday as it held its annual general meeting.

15 Dec 2023 10:37

IN BRIEF: Abingdon expects higher half-year revenue

Abingdon Health PLC - York, England-based lateral flow test contract development and manufacturing company - Ahead of its annual general meeting on Friday morning, says revenue for the six months to December 31 will be "significantly higher" than GBP1.1 million a year ago. Adds that it remains "hugely focused" on continuing to grow revenue and reduce its cash-burn throughout the year ending June 30.

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