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IN BRIEF: Pinewood Technologies to be promoted to FTSE 250 index

ALN

Pinewood Technologies Group PLC - Birmingham-based provider of software to the automotive retailing sector - Joins London’s FTSE 250 index with effect from Tuesday. ‘This milestone reflects the significant success that Pinewood.AI has experienced since becoming a standalone software business in 2024. In that time the Company has made strong progress in winning new contracts, expanding into AI solutions, developing its technology and preparing for its expansion into new markets, most notably North America,’ says Pinewood. The company is due to report its half-year results on September 24.

Current stock price: 570.00 pence, up 2.7% in London on Monday afternoon

12-month change: up 64%

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