- Solid-state battery technology Ilika reported narrower annual losses amid improved margins on falling costs.

For the year ended 30 April 2019, pre-tax losses narrowed to £2.7m from £3.3m last year, while turnover rose to £2.6m from £2.1m.

Administrative costs for the year fell to £3.6m from £3.8m a year earlier, helping to bolster margins.

The company said that it believes that intellectual property risk would remain largely unaffected by Brexit, but added that there may be an impact in the future 'regarding the group's ability to attract and retain highly skilled individuals.'

At 9:06am: [LON:IKA] Ilika share price was +1.5p at 30.5p

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