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Investor Update: Rosslyn Data Technologies grows revenues and generates cash

Top stories from the Proactive Investors UK newsroom:

Rosslyn Data Technologies PLC (LON:RDT) cut its operating losses by 75% in the last financial year, while also turning cash generative and, according to the company, is well-positioned in the current year. In a trading update ahead of results for the year to the end of April, the ‘big’ data technology firm said its underlying loss narrowed to £432,000 from £1.8mln.

Itaconix (LON:ITX) has raised £242,000 from the sale of its stake in Danish nicotine gum company Alkalon to two of the private group’s other shareholders.

Stobart (LON:STOB) reported a 33% increase in passengers using London Southend Airport in the year to February. Of the 1.5 million passengers that used Southend, one million were carried by easyJet.

Chinese electronics firm Huawei has responded to the US ban on its products by describing the move as a dangerous precedent that will harm billions of consumers. There have been concerns in a number of western countries over Huawei’s ties to the Chinese government and US firms are no longer allowed to trade with the telecoms firm unless they have a licence.

WH Smith has again been rated Britain’s worst retailer in a poll of UK shoppers.  The Which survey found just 50% of respondents liked the stationery and newsagent, with unhelpful staff and messy stores the biggest complaints.

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