Small caps round-up: Globo, Journey Group, CML, ...

16th Jun 2009 14:49

ICT firm Globo said trading in the first half year to date has been in line with expectations with revenue ahead of the comparable period in 2008. "Despite the difficult economic conditions, good progress has been made in all of the Group's business segments including the private and public sectors," said the group.Journey Group, formerly Watermark Group, saw pre-tax losses come in at £10.5m against £31.8m before on revenue that comes in at £91.3m from £106m before. "The airline industry continues to face tough challenges in the current economic environment. In these uncertain times, the Group's businesses remain exposed to further pricing and volume pressures," said the group.Integrated circuits designer CML Microsystems has ditched its dividend after the company remained in the red in the second half of its financial year.Pre-tax losses widened to £2.1m in the year to 31 March 2009 from £1.7m the year before on revenues that slipped to £16.1m from £17.1m. US-based life sciences company Entelos, which is in the process of delisting from AIM, said it has received approaches from third parties interested in acquiring the company or entering into a strategic collaboration with Entelos. The company said that, given the company's current capital structure, 'potential equity investors would prefer to make an investment in the company only after it has become private.'