Trainline PLC (LSE:TRN) shares are steaming ahead after its full year figures showed a recovery from the travel slump during the pandemic.
It said net ticket sales jumped 222% to £2.5bn, within its expected range and despite the impact of Omicron in the final quarter.
So revenues rose 181% to £189mln while its operating loss was cut from £100mln to £10mln.
It is currently discussing new licence terms with the Rail Delivery Group and also faces the prospect of a rival retailer as part of the government's proposed Great British Rail entity.
But for the moment its shares are up 12.52% at 312.7p.
2.53pm: Tekcapital climbs on autonomous vehicle news
Investment company Tekcapital PLC (LSE:TEK) has seen its shares accelerate after its portfolio company Guident Ltd was selected for a transport project by a major US city.
Guidant will provide remoter monitory and control services for the Ultimate Urban Circulator, a project to introduce autonomous vehicles into the public transport system in Jacksonville, Florida.
"We are delighted to be selected as a vendor by the Jacksonville Transportation Authority and by their intent to negotiate a contract with Guident for the remote monitoring and teleoperation part of the Ultimate Urban Circulator (U²C) Projec,t" said Harald Braun, chairman and chief executive of Guident.
Tekcapital shares are up 3.58% to 34.7p.
1.20pm: Daily Mirror and Express publisher Reach plunges on ad revenue warning
Publisher Reach PLC (LSE:RCH) has seen its shares plunge as it warned the war on Ukraine was hitting advertising revenues.
The owner of the Daily Mirror, Daily Express and hundreds of regional newspapers said revenue fell by 0.9% in the four months to the end of April, with a 10.1% drop in advertising sales.
It said: "Over the past two months the market has experienced reduced advertiser demand and lower average yields, with the war in Ukraine significantly reducing the level of 'brand safe' content for news publishers. While this has led to lower growth than expected, we are improving the quality of our digital sales, with strong growth in our higher yielding revenues."
Overall it expects broadly flat revenues for the year "though with a higher mix of circulation revenues and lower digital contribution than previously expected as a result of more challenging trading conditions."
Its shares have lost 20.43% to 127p.
11.23am: Sir Martin Sorrell's S4 Capital jumps as it names the day
It seems that naming the day can have a big impact.
Sir Martin Sorrell's digital advertising and marketing company S4 Capital PLC (LSE:SFOR) has said it will announce its full year results on 6 May -ie tomorrow - and seen its shares jump 18.1% to 343.68p.
The reason for the rise is that the business delayed releasing the figures twice in March.
Firstly it blamed COVID-19 issues at its auditor PwC and the second time just announced that the auditor firm would not be able to complete the work in time for the scheduled deadline.
Needless to say, the shares fell sharply on these delays, wiping more than £1bn off its market value, so the confirmation of a new date seemed to have given investors some encouragement.
10.40am: Pebble Beach boosted by rise in orders
Pebble Beach Systems (AIM:PEB) has built up a good rise as it continued to recover from the pandemic.
The software company, which specialises in the broadcast and streaming service markets, said full year revenues rose 27% to £10.6mln and pretax profit moved up from £1.1mln to £1.5mln.
Orders rose 75% as investment decisions which had been put on hold during 2020 were being revisited.
Chairman John Varney said: "The current financial year has started in line with expectations. Pebble has demonstrated its resilience throughout the global pandemic and more recently in its response to the ongoing supply chain stresses and the Ukrainian conflict. We are confident in our strategy and encouraged by the increasing level of recurring revenue and the continued strengthening of the balance sheet."
Pebble's shares have risen 7.17% to 14.2p.
10.06am: Mondi moves higher on plan to divest Russian business
Packaging group Mondi PLC (LSE:MNDI) has moved higher after unveiling plans to divest its Russian business in the wake of the invasion of Ukraine.
It said: "Mondi remains profoundly concerned about the war in Ukraine and is shocked by the humanitarian impact. We express our deepest sympathy to all those affected by the ongoing hostilities, reiterating our call for an urgent cessation and a peaceful resolution....
"Having assessed all options for the group’s interests in Russia and recognising its corporate values and stakeholder responsibilities, the board has decided to divest the group’s Russian assets.
"The divestment process for these significant assets is operationally and structurally complex and is being undertaken in an evolving political and regulatory environment. Accordingly, there can be no certainty when a transaction will be completed or as to the structure of any possible transaction. As of 31 December 2021, the net asset value of the Russian operations was €687 million."
The company also issued a trading update, saying it had seen a positive first quarter with strong demand across its business.
Underlying earnings jumped 63% to €574mln compared to the same time last year, or 70% to €460mln excluding its Russian operations.
Its shares have added 5.83% to 1589.5p.
9.00am: Petards back in profit and upbeat about prospects
Petards Group PLC (AIM:PEG) shares are looking good after the security and surveillance systems group issued a positive update.
With full year revenues edging up from £13mln to £13.57mln, it moved from a £583,000 loss to a £865,000 profit after an improvement in margins.
The results were helped by the reorganisation of its eyeTrain operations in 2020 and other cost cutting measures taken in 2021.
It said it was on the lookout for acquisitions, although a number of potential deals in both the rail and surveillance infrastructure markets had run into problems agreeing fair value with the vendors.
On the current outlook, chairman Raschid Abdullah said: "The group closed the year with an order book of around £7mln and trading for the first three months of 2022 has started well, with the group trading slightly ahead of management's expectations.
"At present this is thought to be timing related rather than an indication of a better than expected performance for the year. With scheduled deliveries of £8mln already secured for the current year by the end of the first quarter, the board has confidence that the group is positioned to make further progress in 2022."
Its shares are up 15.56% to 13p.
Elsewhere GetBusy PLC (AIM:GETB) is higher after reporting strong trading in the first four months of the year.
In a statement for its annual meeting, the software firm said it was reaffirming its full year expectations - revenues of not less than £17mln and approaching break-even - with "a very high level of confidence."
Chief executive Daniel Rabie said: "The significant groundwork we laid last year in supporting our ambition to at least double the business over five years is bearing fruit, with an acceleration of annual recurring revenue, up 19% year-on-year. This provides the group with enhanced revenue visibility and the resources to continue to invest in its expanding capabilities."
The company has climbed 4.96% to 63.5p.