Sunday newspaper round-up: Japan, Kaupthing, RBS...
13th Mar 2011 10:17
Japan's giant car industry has announced a major shutdown as fears grow over the economic impact of Friday's devastating earthquake and subsequent tsunami which has crippled much of the north-east of the country. The three largest motor manufacturers - Toyota, Honda and Nissan - said they would sto
Read moreAssetCo seeks equity and secures contract
21st Feb 2011 17:54
AIM-quoted outsourced fire services provider AssetCo is trying to raise up to £8m from existing and new shareholders in order to provide the short-term funding it desperately needs. AssetCo believes that the financial problems should be temporary. It ran into trouble when the refinancing of non-re
Read moreAssetCo ends takeover talks
14th Feb 2011 08:10
AssetCo, the outsourced fire services provider, has ended talks with a potential bidder so it can focus on short term funding issues. The firm, which has contracts with the London Fire Brigade and their colleagues in Lincolnshire, has been struggling to restructure its non recourse asset financing
Read moreAssetCo trying to secure finance
8th Feb 2011 16:43
Outsourced fire services provider AssetCo has lost all of last week's gain on the back of a potential bid after it admitted that talks with its lenders are taking longer than hoped. AIM-quoted AssetCo has been trying to restructure its non recourse asset financing and associated short-term debt. T
Read moreAssetCo reveals bid talks
31st Jan 2011 10:39
Outsourced fire services provider AssetCo has confirmed that it is in talks with a potential bidder. Shares in AssetCo jumped 8p to 59.5p when trading commenced this morning. That is still little more than one-third of the peak share price in 2007. However, AIM-quoted AssetCo says that it is not
Read moreSmall caps round-up: Empyrean Energy, Enegi Oil, Synchronica
23rd Dec 2010 11:15
Shares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as
Read moreAssetco expects better second half
13th Dec 2010 17:15
Outsourced fire and rescue services provider AssetCo says that its contract in the UAE will start to generate revenues in the second half of its financial year. Revenue grew 4% to £17.1m in the six months to September 2010. The underlying growth was even stronger. Excluding an unrealised £791,000
Read moreTuesday tips round-up: Premier Foods, WS Atkins, AssetCo...
5th Oct 2010 06:56
At the weekend Premier Foods confirmed reports that it had received approaches to buy Quorn and the other component of its meat-free division, Cauldron. Pretty much everything in the Premier portfolio is up for grabs; in the board's words, it is "open-minded" about disposals. Speculation has centre
Read moreUK SMALLCAP ROUNDUP: WIN Recommends GBP15.9M Takeover
25th Jun 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 WIN PLC (WNN.LN), a mobile entertainment and information company, Friday said it is recommending that shareholders back a cash offer from IMImobile valui
Read moreUK SMALLCAP ROUNDUP: Maple Energy 2009 Loss Widens On Oil Price
25th Jun 2010 12:30
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 MAPLE ENERGY PLC (MPLE.LN), a Peru-focused energy company, Friday reported a wider full-year loss after a slump in the oil price hit revenue, and said it
Read moreAssetCo's focus on support services pays dividends
25th Jun 2010 07:53
Fire and rescue services business AssetCo said all of its forecast revenue for fiscal 2011 is already in the bag as it celebrated record figures for fiscal 2010. Profit before tax from continuing operations leapt from £1.3m the year before to £12.1m in the year to 31 March 2010. Earnings before in
Read moreAssetCo FY Pretax Profit GBP12.1M Vs GBP1.3M
25th Jun 2010 07:38
LONDON (Dow Jones)--AssetCo PLC (ASTO.LN), an international fire and rescue services group, Friday reported full year profit before tax from continuing operations of GBP12.1 million, compared with GBP1.3 million the previous year. MAIN FACTS: -Revenue for the year ended March 31 GBP45.2 mill
Read morePetrofac director sells before demerger
12th Mar 2010 16:51
Michael Press has raised £1.4m from selling shares in oil services provider Petrofac ahead of the proposed demerger of its oil and gas assets. Press is the senior independent non-executive director on the board of Petrofac. He sold 120,000 shares at 1173.65p each. He retains 120,000 shares. This i
Read moreSmall caps round-up: IS Pharma, Pure Wafer, AssetCo...
4th Mar 2010 15:06
IS Pharma, the speciality pharmaceutical company, has bought the exclusive rights for Episil, an oral pain-relief spray, in a number of major European territories. Episil, developed by privately owned Swedish life science company Camurus, is used for local treatment of pain associated with oral muc
Read moreSmall caps round-up: Assetco, IS Pharma, Safeland
7th Dec 2009 12:05
Fire service equipment outsourcer Assetco's profits fell to £5.4m in the six months to September from £6.5m, though its underlying half year performance was significantly ahead of the comparable period. The core Integrated Support Services business delivered a 25% increase in profit to £3.9m as a r
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