Xp Power Share News (XPP)

XP Power upbeat after better-than-expected final quarter

(Sharecast News) - XP Power reported a fourth-quarter order intake of £49.1m in an update on Thursday, marking a 29% decrease, while revenue stood at £81.2m, down 7% year-on-year.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

Berenberg hikes target price on XP Power

(Sharecast News) - Analysts at Berenberg raised their target price on power supply solutions provider XP Power from 1,400.0p to 1,600.0p on Friday after having upgraded the group to 'buy' last month.

LONDON MARKET CLOSE: FTSE 100 held back by miners and oil firms

(Alliance News) - The FTSE 100 in London closed slightly lower on Tuesday, as miners and oil firms continued to drag down the index throughout the day.

XP Power raises £43.9m in placing, rejects bid approaches

(Sharecast News) - XP Power surged on Tuesday after it raised £43.9m in a placing and said it had received "a small number" of unsolicited expressions of interest which it has rejected.

XP Power shares jump after placing raises GBP44 million

(Alliance News) - XP Power Ltd on Tuesday said it has raised GBP43.9 million via a placing of 3.8 million new shares at 1,150 pence per share.

SMALL-CAP WINNERS & LOSERS: Direct Line leads Sabre higher

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

XP Power plans to raise GBP45 million to improve financial position

(Alliance News) - XP Power Ltd on Monday announced a placing of up to GBP43.9 million and a retail offer of up to GBP1.5 million.

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.