Revolution Beauty Group PLC fell 37% to 16.7p after confirmed it does not expect its full-year audited results be released on 31 August.
The beauty products company added in the case results were not released, shares would be suspended from 1 September until final results were published.
1.19pm: Made Tech jumps after doubling revenue
Made Tech Group PLC (AIM:MTEC) jumped 8% to 35p after announcing it more than doubled full-year revenue.
Revenue came in at £29.3mln in the year to 31 May 2022, up from £13.3mln the year before, while adjusted underlying profit (EBITDA) was £2.6mln compared with a loss of £0.5mln, the provider of digital, data and technology services to the UK public sector said in a trading update.
The software company also added that sales bookings soared 155% to £51.1mln, and contracted backlog grew 133% to £38.2mln.
“The strong level of client acquisition achieved in FY22 has continued into the new financial year,” it said, highlighting the recently announced Met Office contract, worth at least £7mln over two years.
11.58am: JustEat soars after sale of iFood
Shares in JustEat rallied 37% to 1,933 after it confirmed the sale of its stake in iFood, its Latin American joint venture, to Prosus.
The food delivery service agreed to sell its 33% holding for up to €1.8bn in cash, giving Prosus full control of iFood.
Total consideration comprises of €1.5bn in cash upon completion, expected in the fourth quarter if this year, and deferred consideration of €300mln.
The deferred consideration is dependent on the performance of the online food delivery sector over the next 12 months, according to a statement from JustEat.
The food delivery company said it “remains focused on improving its profitability and on a disciplined allocation of capital” and will use the disposal proceeds to maintain its balance sheet strength and to pay back debt.
10.15am: Joules tumbles with full-year loss expected
Shares in British clothing and homeware retailer Joules Group nosed dived 33% to 29p after warning it expects to report a full-year loss.
The group said trading had softened materially in the five weeks since its 19 July trading update, with the recent heatwaves affecting full-price sales of some of its core categories, such as knitwear and wellies.
As a result of promotions and subdued demand due to the cost-of-living crisis, sales were down 8% year-on-year in the first 11 weeks of its current financial year.
Retail margins were also down 6 percentage points year-on-year, reflecting “the shortfall of full price sales and the level of discounting”, although the company expects margins to partially recover during the release of the autumn/winter collection.
Property service group Kinovo PLC (AIM:KINO)’s shares surged 23% to 31p after the release of its full-year results.
For the year-end 31 March, revenues were up 35% to £53.3mln, while underlying profit nearly doubled to £4.1mln.
The group also said it “significantly” reduced its net debt to roughly £340,000 from £2.7mln.
In the post period, Kinovo reported revenues up 28% in the first quarter compared to last year to £14mln.
"While the last year has been challenging for Kinovo, we are delighted with the performance of the underlying business,” said chief executive officer David Bullen.