SED.L Share News (SED)

TRADING UPDATES: First Class says Zigzag enthusiasm "vindicated"

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

TRADING UPDATES: Molten Ventures completes raise; Saietta proposes one

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

IN BRIEF: Saietta shares surge on new order from lead Indian client

Saietta Group PLC - Towcester, England-based designer, engineer and manufacturer of 'eDrive' solutions for electric vehicles - Saietta VNA, its 49.5%-owned Indian joint venture, receives second order for complete eDrives from an anonymous global original equipment manufacturer, "one of the largest producers of light commercial vehicles in the Indian market". The OEM has ordered around GBP106,000 of systems using Saietta's new radial flux technology motor for pilot production over approximately the next three months. Saietta expects the deal to generate around GBP12.7 million in revenue. It previously announced in September that the customer had ordered an eDrive consisting of Saietta's axial flux technology motor, for which production is underway. Saietta expects production of the RFT system to commence in the second quarter of 2024. Adds that it is in advanced discussions with key stakeholders regarding potential funding, as it hopes to "capitalise on the clear opportunity in the Indian lightweight vehicle market".

AIM WINNERS & LOSERS: Brave Bison wins GBP4 million in contracts

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

UK shareholder meetings calendar - next 7 days

LONDON MARKET CLOSE: Stocks fall as risk sentiment remains downbeat

(Alliance News) - Stock prices in London closed lower Thursday, as investors were unable to shake off nerves around US interest rates, as well as the uncertain geopolitical situation in the Middle East.

Saietta shares plummet as loss widens but revenue more than doubles

(Alliance News) - Saietta Group PLC on Thursday saw the suspension on its shares lifted as it published full year results, showing a widened loss but substantial increases in revenue.

Canaccord Genuity places Saietta under review

(Sharecast News) - Canaccord Genuity put its rating on engineering company Saietta 'under review' on Thursday following the publication of the group's full-year results.

IN BRIEF: Saietta Group's chief financial officer resigns

Saietta Group PLC - Towcester, England-based company which designs, engineers and manufactures complete electric drivetrain solutions for electric vehicles - Says that Chief Financial Officer Steve Harrison intends to resign as officer and director of the company. Harrison will remain as a statutory director until the annual accounts for the financial year ended March 31, 2023, have been finalised and signed off by the board. Accounts are expected to be finalised in the coming days. Harrison will also remain in his role as CFO for a period of time to assist the company with a smooth transition of responsibilities to his replacing. Company says it has started the search for a new CFO.

EARNINGS AND TRADING: Henderson Eurotrust net asset value per share up

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

TRADING UPDATES: SIMEC Atlantis swings to profit; System1 optimistic

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

LONDON MARKET CLOSE: FTSE 100 down amid China worries

(Alliance News) - Stock prices in London closed lower on Monday, with China-exposed stocks dragging down the FTSE 100 index amid fears that its property sector is "going from bad to worse."

IN BRIEF: Saietta annual loss widens; re-focuses on electric vehicles

Saietta Group PLC - Bicester, England-based engineering firm - Says pretax pretax loss for the year ended March 31 widened to GBP23.8 million from GBP11.3 million a year prior. Turnover grew by 40% to GBP6.0 million from GBP4.3 million the year before. Says it is undergoing a "transformational shift" to focus on its eDrive manufacturing business. Adds it will announce production contracts and developments regarding the new focus in the next few weeks.

Saietta board optimistic despite deepening losses

(Sharecast News) - Saietta Group reported a 40% rise in turnover in a trading update on Monday, reaching £6m for the 12 months ended 31 March.

Saietta hires permanent CEO, chair to revert to non-executive role

(Alliance News) - Saietta Group PLC on Wednesday has appointed David Woolley as chief executive officer, with effect from October 2.