Artisan moves deeper into the red
21st Dec 2011 07:50
AIM listed house builder and business park developer Artisan said annual pre-tax losses widened as tough trading conditions in the last few years continued into 2011. Loss before taxation widened to £2.6m in the year ended 30 June 2011 from £1.9m the same time a year before. Revenue fell to £7.4m
Read moreArtisan held back by weak housing market
28th Mar 2011 11:36
House builder and business park developer Artisan complained of a lack of mortgage availability and continuing economic uncertainty as it posted bigger losses in the half year to 31 December. Losses per share widened to 8.17p from 5.38p over the same period the previous year on revenues that fell t
Read moreLondon close: US tax cut extension boosts shares
7th Dec 2010 16:52
Shares closed with decent gains Tuesday, though off earlier highs that came after an extension of George W Bush's tax cuts in the US lifted sentiment. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush era in a compromise arrangement that bodes w
Read moreLondon afternoon: Shares extend gains
7th Dec 2010 14:23
With US stocks set to open high on the back of the tax-cuts deal between president Obama and the Republican party, London's blue-chips added to the morning's gains over the lunch time session. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush er
Read moreTrading conditions remain tough for Artisan
7th Dec 2010 12:42
At the company's AGM, Artisan (UK)'s chairman Michael Stevens said trading conditions are the toughest the residential and commercial property developer has ever faced. This has led to a drop in the Artisan share price of more than 10%. This is making it more difficult to complete sales of new hom
Read moreArtisan may need to raise cash
12th Oct 2010 15:50
Residential and commercial property developer Artisan warns that it may have to raise cash from a share issue in order to negotiate new facilities. Net debt is £18.5m, with all the debt lasting until 1 July 2011 - just over one year from balance sheet date. The company's NAV is £13.5m. Alternative
Read moreSmall caps round-up: Artisan, Cashbox, Offshore Hydrocarbon...
29th Mar 2010 11:56
Housebuilder Artisan has seen some improvement in its business in recent months, with losses in the half year to December down to £0.7m from £1.7m on sales of £4.2m against £5.1m. "Since the end of the period under review, the mortgage market appears to have eased a little with mortgage funds start
Read moreLondon close: Sainsbury leads retreat
7th Oct 2009 17:03
After yesterday's 2.26% gain on the Footsie the blue-chip index took a small step backwards today, with half an eye on the US market where the third quarter results season is about to get underway. Supermarket chain Sainsbury was the worst performing blue-chip as sales growth figures disappointed.
Read moreLondon afternoon: Weak Wall St. undermines Footsie
7th Oct 2009 14:48
A soft opening by Wall Street prompted London's blue chips to take a step back, though plenty of firm features are still to be found. Supermarket Sainsbury's is off a few points after a 4.6% rise in like-for-like sales excluding fuel in the quarter to 3 October came in lower than expected. Exclud
Read moreSmall caps round-up: Printing.com, Medgenics, Dunelm...
7th Oct 2009 08:18
Printing.com, which prints greetings cards, leaflets, flyers and other items, saw an upturn in trading in September though this was below the level of that of the same month the previous year. AIM listed Medgenics has raised £0.265m through a placing of common shares at 6p each. The company, which
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