UK's Oxford Instruments falls; co delays filing prelim FY results

Oxford Instruments

10/06/2025 08:57

** Shares of Nanotechnology tools maker Oxford Instruments OXIG.L fall as much as 7% to 1,768p

** Stock among top losers on FTSE mid cap index .FTMC, which is up 0.39%

** Co delays publication of its preliminary results for fiscal 2025, previously scheduled for June 10 as auditors request more time

** OXIG also signs deal to sell its quantum-focused business, NanoScience, to Quantum Design, International for 60 million pounds ($80.78 million)

** About 4 million pounds of cost currently allocated to NanoScience will remain within co post deal close; co expects to begin to mitigate this fiscal 2027

** Co plans to return up to 50 million pounds to shareholders via a share buyback, commencing shortly

** As of Monday's close, stock had fallen 11.6% so far in 2025

($1 = 0.7428 pounds)

 (Reporting by Raechel Thankam Job)

 ((RaechelThankam.Job@thomsonreuters.com))