Raspberry Pi: Profit cut in half at FTSE 250 tech firm Tech Raspberry Pi’s profit before tax fell 57 per cent over 2024 to just $16.3m (£12.6m) as issues with inventory correction finally hit the firm. The FTSE 250 tech firm’s adjusted operating profit dipped 15 per cent to $37.2m (£28.8m), it revealed in its annual results. Analysts had expected a fall in the firm’s profit, forecasting [...]
Advanced Energy pulls out of XP Power pursuit Tech US semiconductor firm Advanced Energy is no longer pursuing a deal for XP Power after it had three informal approaches rejected by the Singapore competitor.