Companies

FD Technologies to review capital allocation in bid to drive shareholder value

FD Technologies reported a loss before tax of £4.5 million for the period, a sharp swing on the profit of £1.1 million it made in the same period last year

Seamus Keating, the chief executive at FD Technologies. The company has launched a preliminary review of its organisational structure. Picture: Jonathan Goldberg

FD Technologies, the Newry-based tech firm, is undertaking a preliminary review of its business organisational structure and allocation of capital to best position the group to drive value for shareholders, the company said last week.

The review is at an early stage and the board expects the result of it will be communicated to shareholders no later than publication of the group’s financial year 2024 results, which are due to be published in May next ...