API upbeat but concerned about demand levels
5th Oct 2012 07:28
Specialist foils and packaging materials maker API Group has reassured that interim results will be in line with expectations after an 'encouraging' trading performance in the first six months of the year. However, the company did not that it was cautious on demand levels in European markets and th
Read moreAPI Group profit soars
29th May 2012 09:35
Shares of specialist foils and packaging materials group API shot ahead as it unveiled a massive rise in annual profit and said it is confident of further progress for the remainder of 2012. Pre-tax profit jumped by 77% to £5.1m for the year ended 31 March 2012 while revenues grew 14% to £113.9m. O
Read moreAPI considers selling itself in third quarter
30th Mar 2012 10:57
Laminate and foil manufacturer API says sales will come in ahead of 2010's full-year numbers as it prepares to put itself up for sale. A trading update released on Friday revealed that full-year results (due May 30th) will be in line with expectations, with sales 14% ahead of last year at approxima
Read moreMajor shareholder puts API in shop window
9th Feb 2012 14:24
US holding company Steel Partners has tired of being a large minority stake holder in API Holdings and has written to the UK packaging and holograms supplier suggesting it put itself up for sale. The way Steel Partners sees it the market price of API Group does not reflect the intrinsic value of th
Read moreLondon midday: No surprises from BoE, market awaits ECB decision
8th Dec 2011 11:45
After a strong start, the Footsie pared gains by lunchtime, ahead of a busy afternoon and evening in the Eurozone. The Bank of England (BoE) issued no surprises, keeping interest rates on hold. Markets are now awaiting a decision on European Central Bank (ECB) interest rates due out at 12:45 London
Read moreAPI sees profits double
8th Dec 2011 10:06
Packaging and holograms supplier, API, saw profits more than double in the first half although it warned it could be hit by the eurozone sovereign debt crisis going forward. Profit before tax at the firm was up 123% on the first half of 2010 to £2.9m. Basic earnings per share were 3.6p, compared t
Read moreAPI hit by exeptional charge and disruption
5th Oct 2011 10:37
Packaging and holograms supplier API Group will record a one-off exceptional charge as a result of flood damage at one of the group's facilities in the US. In addition, API's foil manufacturing site in Rahway, New Jersey, suffered disruption during August as a result of Hurricane Irene. While produ
Read moreLondon close: Thomas Cook leads the decline
14th Jul 2011 16:47
Stocks closed firmly in the red on a day that saw stocks moving sharply in both directions after a raft of updates. Investors had a keen appetite for shares in Premier Foods. The Hovis bread and Sharwood ready-meals maker unveiled industry veteran Mike Clarke as its new head honcho. Clarke, current
Read moreAPI beats market expectations
14th Jul 2011 12:15
Shares in specialist packaging firm API leapt 25% on Thursday after the company said trading in 2011 would be ahead of market forecasts. The firm said that the first quarter of the financial year had seen activity and profitability levels running significantly ahead of expectations with its lamina
Read moreLondon close: FTSE 100 rallies despite retail gloom
9th Jun 2011 16:31
Shares rallied in the afternoon after a good start on Wall Street where stocks won back some recent losses. Engineer Weir Group was the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have also been reports today that two companies in China have been given fine
Read moreTough outlook could foil API
9th Jun 2011 14:42
Foils group API moved into profit in the year to 31 March, but the shares fell after the company said that it took a loss of £600,000 on its disposal of a stake in a Chinese subsidiary and that customers' spending plans are being affected by the tough economic climate. API, whose foil is used to pa
Read moreAPI expects forecast busting FY
8th Apr 2011 07:49
Packaging and holograms supplier API Group said it expects trading results from continuing operations for the year ended 31 March 2011 to be ahead of market expectations boosted by a stronger than expected second half performance from the Laminates division. The group, which makes decorative and s
Read moreIndus Gas chief exec raises nearly £126m
31st Jan 2011 17:04
The chief executive of one of the largest companies on AIM has raised nearly £126m from a share sale. Not much more than 10% of the companies on AIM are valued at more than the amount raised by Indus Gas chief executive Ajay Kalsi. He sold 19.35m shares at 650p each. Indus joined AIM in June 2008
Read moreSmall caps round-up: API, Egdon, New World Resources ...
28th Jan 2011 08:18
Packaging and holograms supplier API Group has completed the sale of its 51% interest in loss-making foil manufacturer Shanghai Shen Yong Stamping Foil for $2.8m. Egdon Resources is to acquire the entire interest of fellow oil and gas firm Valhalla in two UK petroleum exploration and development li
Read moreSmall caps round-up: Geong, Orosur Mining, XG Technology...
2nd Dec 2010 10:29
Chinese software and internet solutions provider Geong reported a 28% slump in turnover for the six months ended 30 September to £4.7m, though profits rose 17% to £0.7m. Chief executive Wang Weidong called it a "satisfactory" set of interim results and said the company expects full-year numbers to
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