Wellstream boss cuts stake
10th Jun 2010 16:49
Gordon Chapman, chief executive of oil services firm Wellstream, has raised £753,000 from the sale of a total of 150,000 shares. The shares were sold at 518p, 496p and 500p - the majority were sold at the latter price. This is well above the April 2007 flotation price of 320p a share but well belo
Read moreUPDATE: Carclo Eyes Revenue Surge From Smartphone Technology
8th Jun 2010 14:35
(Adds detail, CEO comment.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Plastics firm Carclo PLC (CAR.LN) Tuesday identified its smartphone technology as the main driver of growth in the coming years and said it expects the technology to significantly boost revenue. T
Read moreCarclo Expects To Return To Revenue Growth In FY2011
8th Jun 2010 08:39
LONDON (Dow Jones)--Plastics firm Carclo PLC (CAR.LN) Tuesday said it expects a return to revenue growth this fiscal year after it posted a 28% rise in fiscal 2010 pretax profit, reflecting mainly fewer rationalization costs compared with the previous year. The firm said medium-term growth will
Read moreCarclo hails year of progress
8th Jun 2010 07:41
Technical plastics group Carclo is looking to extend the contract of its chief executive officer after the company posted a 26.6% improvement in pre-tax profits last year. Chief executive officer Ian Williamson will stand for re-election at this year's annual general meeting to enable shareholders
Read moreStronger second half at Carclo
8th Apr 2010 17:21
Technical plastics and engineering group Carclo says second half trading was stronger. Strong business in the medical and optical sectors means that technical plastics will report higher profits than last year. Poor aerospace demand has hit the profitability of the precision products division. The
Read moreFamily purchase at BATS
16th Dec 2009 16:09
Dr Gerald Murphy's family interests have acquired 3,000 shares in British American Tobacco. Dr Murphy joined the board of British American Tobacco as a non-executive director on the 13 March. This is the first time he and his family interests have acquired any shares in the tobacco company since he
Read moreCarclo gains on touch screen deal
8th Dec 2009 13:53
Shares in Carclo rallied after the technical plastics supplier and its Conductive Inkjet Technology (CIT) unit signed a deal with Atmel for the development of a new touch screen product based upon CIT's patented photolithographic metallisation film. The product will be developed for use in mobile
Read moreCarclo expects better second half
24th Nov 2009 14:38
Concentrating on higher margin, niche markets has helped technical plastics supplier Carclo to remain profitable and cash generative in a tough market. Contract wins mean that the second half should be much better than the first half. Revenues declined from £42.7m to £41.1m in the six months to
Read moreCarclo looking for strong second half
2nd Oct 2009 08:35
Technical plastic components supplier Carclo expects full year operating profit to be at similar levels to last year on the back of a much stronger performance anticipated in the second half. The group said it expects around two-thirds of group operating profits will be generated in the October to
Read moreLondon close: US optimism lifts blue chips
13th Aug 2009 16:32
Optimism over the state of the US economy, fuelled by yesterday's statement from the Federal Reserve helped Footsie post good gains. Miners were in demand. Kazakhmys led the mining sector higher, with Xstrata, Lonmin, ENRC, Rio Tinto, Vedanta, and Antofagasta also going well. Anglo American is
Read moreLondon afternoon: Advance slowed by US retail sales data
13th Aug 2009 14:15
Optimism over the state of the US economy, fuelled by yesterday's statement from the Federal Reserve that the US economy may have seen the worse of the recession, took a knock from the release of US retail sales figures which unexpectedly showed a fall in July. The news took the shine off some of th
Read moreBroker tips: Prudential, Thomas Cook, Carclo,
13th Aug 2009 12:49
Shares in life assurance giant Prudential are up nearly 40% over the last month but after the release of strong results on Thursday morning Panmure Gordon believes the shares are still worth buying. The interim results came in "well above the top end of the range of expectations" and according to t
Read moreBroker snap: New techologies could boost Carclo
13th Aug 2009 12:32
The outlook for technical plastic components supplier Carclo is broadly positive, reckons broker Charles Stanley, and the latest set of results represent solid progress. "While the performance reflects a weaker H2 [second half], Medical & Optical continue to demonstrate strong growth with new progr
Read moreLondon midday: Shares hold on to early gains
13th Aug 2009 12:17
The Footsie has been trading sideways since around 10:00am after a bright start that was inspired by yesterday's statement from the Federal Reserve that the US economy may have seen the worse of the recession. The news has spurred demand for commodities stocks on expectations that a recovery in the
Read moreCarclo to trade in line
13th Aug 2009 09:09
Technical plastic components supplier Carclo expects to trade in line with expectations for the full year after a satisfactory start to the new financial year despite difficult market conditions. "The early part of the current financial year has continued to be impacted by the effects of the econo
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