UK SMALLCAP ROUNDUP: Revolymer Gum To Go On Sale In US

9th Jul 2010 16:00

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps REVOLYMER LTD., a U.K. company that developed a chewing gum that can be easily removed from the sidewalk said it completed the regulatory requirements to begin selling it in the U.S. Revolymer Ltd., a company spun out of the University of Bristol and part-owned by technology investment company IP Group PLC (IPO.LN), said it is completing the final stages of the regulatory process in Europe and its chewing gum should be on sale on both sides of the Atlantic in 2011. FULCRUM UTILITY SERVICES LTD. (FCRM.LN), a gas connections and transport company, said it intends to use GBP11 million raised in its recent admission to London's junior Alternative Investment Market to boost its share of the market for connecting businesses and homes to the U.K. gas supply. Fulcrum Chief Executive John Spellman told Dow Jones Newswires the company intends to invest in new IT and improve its customer service to win a greater share of the market for connecting gas supplies "the last mile" to business premises and people's homes. BODYCOTE PLC (BOY.LN), an engineer, said 2010 earnings will be significantly ahead of market forecasts. Bodycote, which specializes in heat treatment to improve the wear resistance of metals, said it has experienced a steady and broad-based improvement in demand since April and revenue for the first six months of the year is expected to be 8% higher than the same period in 2009. At 1419 GMT, shares +32.3 pence or 17% at 223 pence. SURETRACK MONITORING PLC (STMP.PM), a maker of covert tracking devices for cars, said it expects a substantial jump in revenue in the current fiscal year from recent contract wins and new deals in the pipeline, after announcing a move to the Alternative Investment Market. SureTrack is projecting GBP1 million revenue from the first year of a deal with Ford, announced in June. The company is close to signing further contracts, and will announce one or two deals of a comparable size in the next six months, Managing Director Will Hirons told Dow Jones Newswires. At 1419 GMT, shares flat at 1 pence. SPICE PLC (SPI.LN), a support services firm, said its electricity business has received a five-year extension to its contracts with Electricite de France SA's (DF.FR) EDF Energy division to 2015, on similar terms to previous deals. At 1420 GMT, shares flat at 60 pence. HUNTSWORTH PLC (HNT.LN), a public relations firm, said it has bought a global medical communications company for GBP4.6 million cash. Huntsworth has bought ScopeMedical Limited, which it described as a fast-growing international medical communications company that offers professional services to global pharmaceutical and biotechnology companies headquartered in Europe and the U.S. At 1420 GMT, shares -1.75 pence or 2.1% at 81 pence. MONEYSUPERMARKET.COM GROUP PLC (MONY.LN), a price comparison website, said first-half revenue is expected to be up about 5% on the year, although earnings before interest, tax, depreciation and amortization, or Ebitda, are expected to fall slightly due to increased investments made during the half. At 1421 GMT, shares +0.45 pence or 0.7% at 69.55 pence. ACCIDENT EXCHANGE GROUP PLC (ACE.LN), a care hire company, said its senior lender is considering converting its convertible loan note holding in to a equity stake in the company, adding it is also in talks with a number of asset-backed lenders about funding. At 1421 GMT, shares +2 pence or 21% at 11.5 pence. DJ UK Smaller Cos +0.5% AIM +0.6% -By Jason Douglas, Hannah Benjamin and Rachael Gormley, Dow Jones Newswires; +44 (0) 20 7842 9272; [email protected] (END) Dow Jones Newswires July 09, 2010 11:00 ET (15:00 GMT)