Proactive London's Richard Jeans explains how the 'gridlock' of the US election is impacting the markets. He says with Democrats in the White House and a Republican senate, from an investor’s perspective, this is favourable because the White House will struggle to push through any radical changes.
Meanwhile the ongoing lockdowns on this side of the pond add extra impetus in drive to digital transformation. Jeans discusses Aveva who announced the terms of its £2.8bn rights issue to finance to acquisition of OSIsoft. And Seeing Machines which grew annual revenues by 25.5% to A$40m while net loss increased to A$46.7m.
Jeans analyses D4T4, the data solutions provider, announced four new contract wins which will add around £5.5 million to revenue in the current financial year. Jeans says this suggests the groups strategy is working. Next week jeans is watching ZOO Digital, which provides of cloud-based localisation and digital distribution services for the global entertainment industry, reports interims on Tuesday.
In its AGM update in September it said it expected to report double-digit revenue growth in the six-month period.