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Dish of the day Glantus Holdings (AIM:GLAN) a provider of accounts payable automation and analytics solutions, has joined AIM. It is focusing on three product areas; Active AP Discovery, Intelligent AP Automation and Advanced AP Analytics, it utilises its internally developed data platform to offer an integrated solution for the finance function, accounts payable in particular. These solutions are offered to over 300 customers, more than 50 of which Glantus classifies as large enterprises. From 2019 to 2020 Revenues increased over 150% to EUR8.5m. 89% of 2020 revenues were recurring made up of a combination of subscriptions and transactional revenues. Issue price 102p raising £10m gross with £4m secondary. Mkt Cap £37m. ....
Cheltenham boosts sales at Paddy Power owner Sales at Paddy Power Betfair owner Flutter jumped by almost a third during the first quarter as it was boosted by increased sports betting following a strong Cheltenham Festival. The company reported that total group revenues grew by 32pc to £1.48bn in the three months to March. It said this was buoyed by a 41pc jump in sports betting to £896m in the period. In the UK and Ireland, sports betting was boosted by the Cheltenham Festival, with the group estimating that Flutter brands accounted for 56pc of all activity related to the four-day horse racing event in March. ....
Follow Jamie on: For Shell it will be a set of results with a narrative of transition. Royal Dutch Shell Plc (LON:RDSB) is the next company formerly known as oil super major to update on Thursday. Transition and commodity prices will be key themes in the results statement. Shell recently updated investors with more detail on its plan emphasis on customer demand, no doubt it will be a feature in Thursday’s first-quarter results. “Shell is attempting to pull off a metamorphosis but shrugging off its fossil fuel skin to reveal a new cleaner energy giant underneath is no easy transition,” said Susannah Streeter, analyst at Hargreaves Lansdowne. ....