果冻传媒

IQE (IQE) shares jumped by more than a quarter after the maker of semiconductor wafers said the early release of funding for work on some US military and defence programmes meant trading in the second half of last year was stronger than expected, boosting its profits and cash flow.

The maker of semiconductor wafers, which put itself up for sale last year, also said its photonics arm had performed well, driven by the continued growth in data centre demand. As a result, the company generated revenue of 拢96mn for 2025 and expects a cash profit of 鈥渁t least 拢2mn鈥�, which is at the top end of its previously guided range. It also finished the year with 拢15.6mn of cash on the balance sheet.

In terms of the ongoing strategic review that kicked off in September, IQE said it is 鈥渘egotiating nonbinding offers鈥� for different parts of the business and the group as a whole, but added there was no certainty that offers would be made. IQE鈥檚 shares leapt by 26 per cent to 9.2p a share.

British Land (BLND) has this morning announced the departure of its chief executive Simon Carter after five years in the role.

Carter will take the reins of 鈧�10.2bn (拢8.9bn) European logistics platform P3 Logistics Parks, which is owned by G果冻传媒, the Singapore sovereign wealth fund. Carter oversaw British Land鈥檚 pivot into retail parks and office campuses during his five years at the helm. Its property portfolio was valued at 拢9.8bn as of September.

鈥淭he contrarian calls we made post-pandemic have positioned British Land for long-term success,鈥� said Carter, who will serve a 12-month notice period.

Shares in British Land, which recently returned to the FTSE 100, have returned 15 per cent (assuming reinvested dividends) during Carter鈥檚 time in charge, outperforming the wider real estate sector by 12 percentage points.

Shares fell 2 per cent in early trading.