Global investors cautious, gold rises as markets await ‘liberation day’ tariff announcement – business live
Donald Trump to announce latest round of tariffs at 8pm GMTRaspberry Pi, whose popular minicomputers are sold around the world and which floated on the London stock market last year, has reported a hefty fall in annual profits as it battled inventory issues, but an upbeat outlook drove its shares higher.In its first annual results since the IPO, the Cambridge-based company reported a 2% dip in annual revenues to $259.5m, and a 57% drop in pretax profits to $16.3m.With channel inventory now normalised, Raspberry Pi anticipates a steady build-up in demand throughout the year, positioning us strongly despite ongoing macroeconomic and geopolitical uncertainties. The projected pace of market recovery, coupled with the timing of embedded design wins, strengthens confidence in solid and sustainable sales growth in full-year 2025.Raspberry Pi’s debut last year seemed a key point of sentiment for the IPO market and London listings, in part because it was a developing story. While on the face of it the comparisons with 2023 don’t make for great reading, there are a few things going on beneath the surface and it is worth seeing these in context.Among them, inventory issues were an industry-wide challenge for much of the reporting period, but improved during the final quarter and into 2025. In addition, 2023 was an exceptionally strong year for Raspberry Pi and was always going to make for a tough comparator. In terms of development, a strong product release schedule highlighted today offers encouragement for this year and beyond. Continue reading...
Donald Trump to announce latest round of tariffs at 8pm GMT
Raspberry Pi, whose popular minicomputers are sold around the world and which floated on the London stock market last year, has reported a hefty fall in annual profits as it battled inventory issues, but an upbeat outlook drove its shares higher.
In its first annual results since the IPO, the Cambridge-based company reported a 2% dip in annual revenues to $259.5m, and a 57% drop in pretax profits to $16.3m.
With channel inventory now normalised, Raspberry Pi anticipates a steady build-up in demand throughout the year, positioning us strongly despite ongoing macroeconomic and geopolitical uncertainties. The projected pace of market recovery, coupled with the timing of embedded design wins, strengthens confidence in solid and sustainable sales growth in full-year 2025.
Raspberry Pi’s debut last year seemed a key point of sentiment for the IPO market and London listings, in part because it was a developing story. While on the face of it the comparisons with 2023 don’t make for great reading, there are a few things going on beneath the surface and it is worth seeing these in context.
Among them, inventory issues were an industry-wide challenge for much of the reporting period, but improved during the final quarter and into 2025. In addition, 2023 was an exceptionally strong year for Raspberry Pi and was always going to make for a tough comparator. In terms of development, a strong product release schedule highlighted today offers encouragement for this year and beyond. Continue reading...
