AI-driven demand dominated the tech and platform sector's news flow, with a bumper guidance upgrade at a compound semiconductor maker setting the tone for a session of contrasting fortunes. Software and platform names delivered a mixed scorecard, as strong top-line growth at two data-driven operators offset a more cautious update from an identity verification specialist and a governance review still working through at an industrials-adjacent group.
IQE lifts full-year revenue guidance on AI chip demand
Iqe (LSE:IQE) was the standout mover of the day, jumping 27.424% to 46.0p after upgrading full-year revenue guidance on the back of surging demand for AI-related chips. Chief executive Jutta Meier said first-half trading "exceeded our expectations", pointing to the compound semiconductor maker's exposure to AI infrastructure build-out as the driver behind the stronger outlook.
Somero gives update on governance review
Somero Enterprises (NASDAQ:SOM) shares added 2.38% to 215.0p as the concrete-placing equipment maker confirmed its review of governance arrangements and legal constitution remains ongoing. The update follows disclosures made earlier in the year, with the company yet to draw the review to a close.
Netcall revenue climbs 20% as AI sales nearly triple
Netcall (LSE:NET) rose 4.42% to 118.52p after reporting revenue growth of 20%, with sales of its AI-enabled offerings nearly tripling over the period. Chief executive James Ormondroyd said the customer engagement software group enters its new financial year "with a record sales pipeline", with investment focused on expanding its Liberty platform among existing customers and adding capabilities through selective acquisitions.
GB Group holds first-quarter growth in line with expectations
GB Group (LSE:GBG) slipped 1.99% to 221.5p despite reporting first-quarter trading that matched board expectations. The identity verification group posted mid-single-digit growth across its core Identity and Location segments, though this was partially offset by slower sales cycles in its smaller Global Fraud Solutions unit.
MoneySuperMarket owner posts record revenue as insurance returns to growth
Moneysupermarket.com Group, parent of price-comparison brand MoneySuperMarket, reported record revenue for the half as its insurance channel returned to growth. Shares in MONY Group (LSE:MONY) fell 3.281% to 197.5p even as chief executive Peter Duffy said the group helped households save an estimated £1.5bn over the period, while "leveraging AI for growth" across product development and operational efficiency.
