Xp Power Share News (XPP)

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

IN BRIEF: XP Power cuts costs, trades well and talks to lenders

XP Power Ltd - designs and manufactures power controllers - Says third-quarter revenue is down to GBP75.1 million from GBP79.4 million a year before, though operating profit is slightly ahead of its previous expectations, which it credits to a "better outturn in September". Trading in October is "at least" in line with its expectations, with the firm leaving its expectations for the full-year unchanged. Also outlines several cost reduction and cash preservation measures which will benefit this year and the next. These include cutting headcount, restricting non-discretionary spend, which will save GBP8 to GBP10 million next year, it says.

SMALL-CAP WINNERS & LOSERS: XP Power backs guidance, talks to lenders

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

XP Power takes action to cut spending after profit warning

(Sharecast News) - Electrical parts manufacturer XP Power, which disappointed the market earlier in the month after warning on profits due to weaker trading conditions, said it has taken "significant action" to cut costs and preserve cash.

LONDON BROKER RATINGS: Barclays cuts Mondi; Jefferies ups AB Dynamics

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

IN BRIEF: XP Power shares slide as cancels second-quarter dividend

XP Power Ltd - Singapore-headquarter company that designs and manufactures power controllers - Decides to cancel the second-quarter dividend of 19.0 pence per share that was due to be paid to shareholders on October 12. Intends to pay no further dividends for financial 2023 but says it will restart paying dividends "as soon as appropriate." Says it continues to take all necessary internal actions to manage its cost base and cash resources.

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

SMALL-CAP WINNERS & LOSERS: Metro Bank rises; XP cancels dividend

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

XP Power cancels Q2 dividend payment

(Sharecast News) - Power converter solutions provider XP Power said on Friday that it has cancelled its second-quarter dividend payment following discussions with major shareholders.

UK dividends calendar - next 7 days

SMALL-CAP WINNERS & LOSERS: Superdry surges on South Asian IP deal

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

LONDON MARKET CLOSE: Poor start to the fourth quarter for stocks

(Alliance News) - It was a disappointing start to the new quarter on Monday, with stocks in London closing in the red as the higher-for-longer narrative around interest rates continued to weigh on market mood.

LONDON MARKET MIDDAY: Stocks fall after lowly PMI readings

(Alliance News) - European equities made an uncertain start to the final quarter of the year, with less-than-stellar manufacturing sector readings across the continent hurting already ropey market sentiment.

XP Power shares plunge as quarterly trading hurt by lower demand

(Alliance News) - XP Power Ltd on Monday said it traded below its own expectations in the third quarter of the year due to deferred shipments, with conditions predicted to continue through to the end of the year.

SMALL-CAP WINNERS & LOSERS: Videndum shares perk up; XP Power slumps

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.