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TheWorks.co.uk Cuts Dividend as Pretax Profit Falls; Vertu Motors Used-Vehicle Volumes Hit by Interest-Rate Hikes

THEWORKS.CO.UK trimmed its dividend payout as it reported a fall in fiscal 2023 pretax profit due to higher sales costs amid a challenging backdrop, and said its chief financial officer will step down.

Shares at 1045 GMT were down 3.75 pence, or 12%, at 28.50 pence.


VERTU MOTORS said that sales of used vehicles fell over the first five months of the year as higher interest rates stopped it from running 0% finance offers as it did the year prior, and that the market outlook remains unclear.

Shares down 1.20 pence, or 1.7%, at 68.10 pence.


BIDSTACK GROUP has entered into a commercial partnership with advertising agency Venatus Media that gives Venatus exclusive access to the company’s inventory across six markets.

Shares up 0.08 pence, or 10%, at 0.83 pence.


INSTEM has agreed to a 203 million pound ($256.7 million) takeover by Ichor Management, a new company controlled by funds managed by Archimed.

Shares up 230.0 pence, or 39%, at 820.0 pence.


GRAFT POLYMER (UK) has signed a research-and-development and supply agreement with Mexico-based Empresas Vilher.

Shares up 0.05 pence, or 2.2%, at 2.35 pence.


BELLUSCURA has entered into a 10-year agreement with Chinese partner InnoMax Medical Technology, allowing it to manufacture and distribute portable oxygen concentrators in China, Hong Kong, Macau and Singapore.

Shares up 8.50 pence, or 21%, at 49.50 pence.


FTSE Small-Cap down 0.08%


AIM up 0.15%


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