Company
LON:XPP
XP Power Limited is a United Kingdom-based company. The Company is engaged in manufacturing and providing power supply solutions to the electronics industry, and investment holding company. The segments of the Company’s customer base are communications, industrial, medical, and defense and avionics. The products of the Company ranges from alternating current (AC) to direct current (DC) power supplies, DC to DC converters necessary for battery powered and industrial applications, through to Power Protection Products. As of January 1, 2008, the Company acquired the remaining 50% of the issued share capital of Fortron XP Power (Hong Kong) Limited. XP has a 20% stake in Safety Power. During the year ended December 31, 2007, the Company owned 69.7% of the shares of Powersolve Electronics Limited (Powersolve). XP Power is traded in the ISDX Exchange HERE
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Hardware & electrical equipment
In a trading update for the fourth quarter and year-end, the company said its order intake was £45.1mln, down 4% YoY, while the 2018 order intake rose 8% to £198.4mln
Hardware & electrical equipment
The power products supplier reported order intake for the first quarter at £51.2mln, a 9% increase from the same period last year on a reported basis
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After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
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With their UK peers due to start updating the market the week after next, JP Morgan Chase, Citigroup, and Wells Fargo will all reveal first-quarter figures on Friday
Investments and investor services
Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
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The non-farm payrolls report is expected to reveal jobs growth moderated in March
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The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
Investments and investor services
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
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Housebuilder Bovis and pub chain Mitchells & Butlers are both expected to update the market on Friday
A look at some of the top risers and fallers in London in afternoon trading
The FTSE 100 index closed 14.98 down at 7,507, above the day’s low of 7,496.14, and well below the opening high of 7,523.65
Archive
A glance at some of the stories on the Proactive newswire today
Hardware & electrical equipment
Trading in the first quarter was strong and XP said it’s on track to hit full-year expectations
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US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
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A glance at some of the stories on the Proactive newswire today.
Hardware & electrical equipment
The power control components firm also said its total dividends will be at least 70p, which would be 6% higher than the 66p it paid out in 2015.
Archive
Consumer confidence and retail sales surveys recently have shown that eating and drinking out has continued to be a growing segment despite a high street slowdown.
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
Major share price risers and fallers in London at 4pm
