Hochschild Chairman increases stake ahead of proposed acquisition
8th Oct 2013 15:53
Eduardo Hochschild, the Executive Chairman of Hochschild Mining, whose great uncle founded the Peruvian mining and cement-focused group, this week grew his already sizeable stake with the purchase of a further 16.9m shares. Paying 155p a share, Hochschild spend a total of £26.2m, although this wou
Read moreAorTech sales drop in half yearly report
27th Dec 2012 11:10
Polymer company AorTech posted a drop in sales in its half yearly report, primarily as a result of a lawsuit and development costs. The medical supplies company achieved sales of $822,000 for the six months ended September, of which $724,000 was the sale of polymer to customers, compared to last ye
Read moreAortech in dispute with biggest customer
9th Oct 2012 12:25
Shares in Aortech International, the developer of a polymer for medical devices, fell following the announcement that it is in dispute with its largest customer, St Jude Medical. The dispute centres around the use that St Jude Medical is making of Optim, which is actually Elasteon supplied by Aorte
Read moreSmall caps round-up: African Eagle, Xcite, Dunedin Smaller Co's
20th Dec 2010 10:32
African Eagle is up again as a new economic model for the Dutwa nickel project in Tanzania turned out to be a "significant" improvement over the results of the scoping study 18 months ago. Independent Perth based consultant Simulus gives a pre-tax net present value (NPV) of US$650m at a discount ra
Read moreSmall caps round-up: DDD, Aortech, Coal of Africa...
2nd Aug 2010 11:12
3D software provider DDD said trading was in line with expectations in the six months to June 30 as strong demand from the TV and PC market fuelled sales of devices using technology it licenses. DDD expects to have a product that allows its 2D to 3D conversion technology to be used with almost all
Read moreAorTech International FY Pretax Loss GBP1,923,000 Vs Loss GBP1,249,000
2nd Aug 2010 08:10
LONDON (Dow Jones)--AorTech International Plc (AOR.LN), a biomaterials and medical device development company, announced Monday it made a pretax loss of GBP1,923,000 for the year ended March 31, compared with a narrower loss of GBP1,249,000. MAIN FACTS: -Group Turnover: GBP1,362,000 (2009: G
Read moreLondon afternoon: Back to square one
24th May 2010 13:42
Footsie has limped back into positive territory, helped by an about turn by the mining stocks. After spending the morning down in the dumps Rio Tinto is now the best performing mining stock as metal prices head northwards. Fellow mining stocks Xstrata and Anglo American join Rio on the rise but S
Read moreSmall caps: Cineworld, Aortech, African Eagle
24th May 2010 07:52
Cinema chain Cineworld has signed a deal with Quintain Estates for a new multi-screen cinema at Wembley City, the retail park next door to Wembley station. Cineworld has signed a 25 year lease for a new nine screen cinema which will seat 1,800 people in total and is scheduled to open in 2013. It w
Read moreSmall caps round-up: Landore Resources, TXO, Aortech...
3rd Dec 2009 08:49
Shares in Landore Resources jumped after the Canadian miner said it made a 'significant gold discovery' in its Junior Lake property in the province of Ontario. Shares in Texas-focused oil and gas firm TXO slumped after it said oil production in the six months to September 30 fell to 13,221 barrels
Read moreSmall caps round-up: Kenetics, Regal Petroleum, Valiant Petroleum...
16th Sep 2009 11:50
Rising demand for wireless technology helped antenna supplier Kenetics post a sharp rise in revenues in the six months to June 30. Total sales totalled £570,000, up from £235,000 over the same period the previous year. Pre-tax losses narrowed to £203,000 from £289,000. Higher gas prices helped oil
Read moreSmall caps round-up: Intelligent Environments, LPA Group, Mobile Streams...
10th Jun 2009 08:27
Banking software firm Intelligent Environments said trading in the current year to date has been robust. The group said it has experienced strong demand from new and existing customers to launch platforms to attract and retain retail deposits online. "Our strategy to develop a long term recurring r
Read moreAorTech signs Elast-Eon licensing deal
18th May 2009 08:42
Biomaterials and medical devices group AorTech has signed a non-exclusive technology licensing agreement to supply for use of its polymer technology Elast-Eon in vascular stents. The deal with a "leading" multi-national biomedical technology company includes upfront and milestone payments, provisio
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