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Cambridge Index drops 3.4%. 20 July 2026 The Cambridge Index dropped 957.6 points or 3.4% to close at 26,856.6, as five out of the top ten index heavyweights posted weekly losses in their share price. Johnson Matthey, up 0.8%, announced the appointment of Joachim Rosenberg as an independent Non-Executive Director, effective from the conclusion of its Annual General Meeting. Sareum Holdings, up 4.3%, today, announced the completion of dosing in the Phase 2-enabling toxicology programme for SDC-1801, its selective oral TYK2/JAK1 inhibitor being developed for autoimmune diseases, initially psoriasis. Following the programme's restart in February 2026, the company is analysing the data and progressing chemistry, manufacturing and controls and formulation development activities, with the full Phase 2-enabling regulatory package expected to be completed by 4Q26. GetBusy, up 1.5%, announced the appointment of Paul Huberman as Chairman, succeeding Miles Jakeman, who has stepped down after nine years on the board. The company also confirmed that Nigel Payne has been appointed Chairman of the Audit Committee, with both changes taking immediate effect. SDI Group, up 0.6%, announced that it will release its results for the year ended 30 April 2026 on 29 July 2026. Oracle Power, down 20.0%, today, announced progress towards mining at its Northern Zone Gold Project, part of the Kalgoorlie Gold Project in Western Australia. The company expects to submit its site clearance and Native Vegetation Clearing Permit applications in this month, while the fauna and integrated flora and vegetation reports are being finalised. Feedback, down 8.1%, in its trading update for the year ended 31 May 2026, announced that revenue remained broadly flat at approximately £0.8m. Cash balances rose to £2.7m, ahead of expectations, while the EBITDA loss is expected to be lower than both market expectations and the prior year due to disciplined cost controls. Potter & Moore, down 6.1%, announced that a recorded presentation for investors and analysts in relation to its audited results for the year ended 31 March 2026 will be published on its website and made available through the Investor Meet Company platform on 22 July 2026. UK markets ended mostly higher last week, following Britain's upbeat economic growth data. UK's gross domestic product rose as expected in May, while the nation's manufacturing production unexpectedly advanced in May. Meanwhile, UK's BRC like-for-like retail sales rose less than forecasted in June, while industrial production declined more than anticipated in May. The FTSE 100 index advanced 1.0% to settle at 10,600.4, while the FTSE techMARK 100 index gained 1.1% to end at 8,890.2. Meanwhile, the FTSE AIM 100 index fell 0.8% to close at 3,509.1. US markets ended lower in the previous week, as a selloff in AI related stocks and escalating geopolitical tensions weighed on investor sentiment. In the US, the consumer price index rose less than anticipated in June, while the producer price index advanced less than forecasted in June. Meanwhile, the US NFIB business optimism index rose more than expected in June, while retail sales rose as expected in June. Additionally, the weekly jobless claims unexpectedly dropped to a 2-month low in the week ended 10 July 2026. Furthermore, the US Philadelphia Fed manufacturing index climbed to a 5-year high in July. The DJIA index fell 0.9% to end at 52,146.4, while the NASDAQ index lost 2.9% to close at 25,520.2. Index Movers LPA Group PLC LPA Group PLC, a provider of electronic and electro mechanical systems, surged 8.2% to 72.5p and emerged as the top gainer in the Cambridge Index. CyanConnode Holdings PLC CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, climbed 6.8% to 8.6p. Hilton Food Group PLC Hilton Food Group PLC, a leading specialist in process, packs, and distributes meat product international food retailers, advanced 5.2% to 548.5p. Sareum Holdings PLC Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, rose 4.3% to 24.0p. Today, the company announced the completion of dosing in the Phase 2-enabling toxicology programme for SDC-1801, its selective oral TYK2/JAK1 inhibitor being developed for autoimmune diseases, initially psoriasis. Following the programme's restart in February 2026, the company is analysing the data and progressing chemistry, manufacturing and controls and formulation development activities, with the full Phase 2-enabling regulatory package expected to be completed by 4Q26. Gaming Realms PLC Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, gained 3.9% to 32.0p. Raspberry PI Holdings PLC Raspberry PI Holdings PLC, a worldwide designer and developer of single-board computers and compute modules, plunged 20.3% to 668.0p and emerged as the top loser in the Cambridge Index. Oracle Power PLC Oracle Power PLC, a provider of mining services, declined 20.0% to 0.04p. Today, the company announced progress towards mining at its Northern Zone Gold Project, part of the Kalgoorlie Gold Project in Western Australia. The company expects to submit its site clearance and Native Vegetation Clearing Permit applications in this month, while the fauna and integrated flora and vegetation reports are being finalised. The Mine Development and Closure Proposal is also progressing, with the heritage clearance survey completed, the hydrogeology report nearing completion, and geotechnical, geological and soil test results under analysis. Feedback PLC, a specialist in medical imaging technology and provider of innovative software and systems, dropped 8.1% to 6.2p. The company, in its trading update for the year ended 31 May 2026, announced that revenue remained broadly flat at approximately £0.8 million. Cash balances rose to £2.7 million, ahead of expectations, while the EBITDA loss is expected to be lower than both market expectations and the prior year due to disciplined cost controls. Potter & Moore PLC Potter & Moore Plc (former Creightons PLC), which is engaged in the development, marketing, and manufacture of toiletries and fragrances, lost 6.1% to 23.0p. The company announced that a recorded presentation for investors and analysts in relation to its audited results for the year ended 31 March 2026 will be published on the Company's website and made available through the Investor Meet Company platform on 22 July 2026. Dialight PLC Dialight PLC, a provider of electronic lighting and electromagnetic products, fell 5.8% to 408.0p. Other Movers in the Index Johnson Matthey PLC, a speciality chemicals company and leading provider of precious metal products and environmental technologies, gained 0.8% to 1918.0p. The company announced the appointment of Joachim Rosenberg as an independent Non-Executive Director, effective from the conclusion of the Company's Annual General Meeting. He will also serve on the Audit, Nomination and Remuneration Committees, bringing extensive international automotive, strategy and business transformation experience from the Volvo Group and McKinsey & Company. SDI Group PLC (former Scientific Digital Imaging PLC), a digital imaging technology company, rose 0.6% to 88.5p. The company announced that it will report its audited final results for the year ended 30 April 2026 on 29 July 2026. The company will also host an investor presentation on the same day for existing and prospective shareholders. GetBusy PLC, which is engaged in the development of document management and task management software, climbed 1.5% to 68.5p. The company announced the appointment of Paul Huberman as Chairman, succeeding Miles Jakeman, who has stepped down after nine years on the board. The company also confirmed that Nigel Payne has been appointed Chairman of the Audit Committee, with both changes taking immediate effect.

Phasecraft tapped by ARPA-E to develop and apply quantum algorithms for catalyst discovery. June 16, 2026, 11:00 GMT Project aims to reduce reliance on iridium and other critical minerals WASHINGTON, DC, UNITED STATES, June 16, 2026 / EINPresswire.com / - Phasecraft, the world's leading quantum algorithms company, today announced it has secured an award with the U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) to begin work under the Quantum Computing for Computational Chemistry (QC3) program. QC3 aims to accelerate energy innovation by supporting the development and application of quantum computing approaches to chemistry and materials science problems that lie beyond the reach of classical computers. The Collaboration Under the ~4.5M USD contract, Phasecraft will develop highly optimised quantum algorithms to simulate and discover novel catalysts for use in the energy sector. The project will aim to reduce the current reliance on critical minerals, in particular platinum group metals like iridium, that are used in catalysis. The initial focus is low-cost hydrogen production, with insights expected to apply across syngas production, petroleum refining, metallurgy, and other industrial sectors whose economics depend on the chemistry of catalysts. To complete this project, Phasecraft will partner with Johnson Matthey, Harvard, and QuEra. The approach builds on Phasecraft's published work in quantum materials simulation, where the company's algorithms have achieved efficiency improvements of up to 43,000,000x over previous quantum methods. "Quantum computing is no longer a distant promise. It's a working technology, and the question now is which problems it gets pointed at first," said Ashley Montanaro, Co-Founder and CEO of Phasecraft. "As industry and governments work together to realize the full promise of quantum computing, we are grateful that ARPA-E has chosen Phasecraft to help solve this critical set of problems on a meaningful timescale." "Hardware-adaptive quantum algorithms hold immense promise for priority problem sets across the U.S. government broadly, and the Department of Energy specifically," said Steve Flammia, Principal Quantum Scientist and head of Phasecraft US. "Cutting the iridium requirement in industrial electrolysis would meaningfully change the economics of hydrogen fuel and a wider class of catalytic processes that underpin energy security. Delivering significant quantum speed ups with hardware-adaptive algorithms could help shape iridium requirements in a matter of years, not decades." QC3 is part of a broader U.S. government effort to convert quantum computing's technical promise into competitive advantage in energy, the economy, and national security. The areas the program targets - superconducting transmission lines, advanced batteries, rare-earth-free magnets, and new catalysts for fuel production - sit at the foundations of a more secure and affordable American energy system. Algorithms designed to generate useful results from the imperfect quantum hardware available today, rather than from a future generation of machines, are central to delivering on that timeline. Phasecraft has a demonstrated track record of building ultra-efficient, hardware-adaptive algorithms that make practical quantum applications viable in the near-term and provide massive speed ups over the classical state of the art. Meredith Bell - [email protected] About Phasecraft Phasecraft is the UK and US-based quantum algorithms company whose mission is to accelerate the practical application of quantum computing by redesigning quantum algorithms for the imperfect quantum computers of today. Phasecraft was founded in 2019 by Toby Cubitt, Ashley Montanaro, and John Morton, expert quantum scientists who have spent decades leading top research teams at UCL and the University of Bristol. Phasecraft works in partnership with leading quantum hardware companies, including Google, IBM, Quantinuum, and QuEra, academic and industry leaders, to develop high-efficiency algorithms to move quantum computing from experimental demonstrations to useful applications. Learn more: www.phasecraft.io Antonella Scimemi Burlington PR email us here Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. You just read: June 16, 2026, 11:00 GMT Distribution channels: EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. The content above is the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above. Antonella Scimemi Burlington PR