Nanoco said the Board has decided to appoint CDX Advisors to review the options for the company's trading business, IP and other assets, including the potential for a sale of the trading business and assets. The company said steps are already being taken to rationalise cost base. This includes reducing headcount, reducing the size of the Board during fiscal 2025.
Also, the Board believes that it is now appropriate to commit to a return of surplus cash to shareholders during the course of fiscal 2025, and intends to return an initial sum of cash via a capital return following the release of the fiscal 2024 report and accounts.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.