Ceres Power increases H1 losses but remains confident
11th Mar 2015 13:40
Ceres Power saw its revenues and losses rise during the first half of the year after ending a "legacy" product and supply agreement with Bord Gais Eireann. Revenues fell sharply by 85% to £133m, while pre-tax losses widened 40% to £5.36m, driving losses per share to rise from 0.62p to 0.64p. The fu
Read moreCeres Power secures deal with Japanese power systems company
29th Oct 2014 08:23
Energy products developer Ceres Power has signed a next stage Joint Development Agreement with a Japanese power systems company. The group said the deal, signed after a period of extensive testing in Japan and in the UK, will combine the companies' research, engineering and development expertise to
Read moreCeres Power unveils news partnership agreement
11th Mar 2014 10:43
Ceres Power Holdings rose strongly after the group, which develops fuel cell technology, revealed it has signed a joint development agreement with Cummins Power Generation. The two firms will work together on a non-exclusive basis before potentially collaborating on system feasibility and the eval
Read moreCeres Power slices losses as Korean boiler partnership begins
1st Oct 2013 13:40
A year of restructuring at fuel cell maker Ceres Power has almost halved costs and trimmed losses. The AIM company, which appointed new Chief Executive Officer Phil Caldwell in September, has adopted a new business model and strategy to work with global original equipment manufacturers (OEMs) to de
Read moreCeres Power proposing raising 9.7m pounds through placing
12th Mar 2013 09:33
Alternative energy company Ceres Power, is proposing to undertake a placing and open offer to raise up to approximately 9.7m pounds. This represents approximately £9.5m net of expenses in aggregate through the issue of up to 120.9m new ordinary shares in aggregate at 8.0p per new ordinary share.
Read moreWind-down most likely option for Ceres Power, Peel Hunt says
4th Oct 2012 09:54
The future is looking bleak for cash-strapped Ceres Power, the fuel cell technology developer, as it has been unable to secure sufficient funding to keep the business going. The group had hoped to secure a new tranche of funding before the end of September to enable it to pursue its goal of deliver
Read moreSmall caps round-up: Plastics Capital, Vislink, Westminster Group ...
25th Apr 2012 13:54
Plastics Capital, a niche platics products group, has said it expects its result for the full year to 31 March 2012 will be in line with market expectations, despite sales continuing to be affected by the aftermath of the Thai floods. The firm said profit margins have remained good, cash flow has be
Read moreSmall caps round-up: Arena, RedHot Media, Vp...
10th Feb 2012 11:09
Gene-based biopharmaceutical company Oxford Biomedia has announced that its Chief Financial Officer (CFO), Andrew Wood, has stepped down and will be replaced by Tim Watts with immediate effect. Watts has over 30 years' experience in leading multinational businesses and was most recently CFO at Archi
Read moreSmall caps round-up: Ceres, Ceramic Fuel, Antrim ...
23rd Jan 2012 09:22
The bombed-out shares of Ceres Power showed signs of life on Monday morning after the company announced significant improvements in the durability of its core fuel cell module technology. Meanwhile, the long term test programe of its combined heat and power (CHP) engineering technology remains on s
Read moreLondon close: Higher finish after choppy day
12th Oct 2011 16:36
London's leading share index closed in the blue as worries over the Slovak parliament's rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed. SLOVAK SEE-SAW Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expan
Read moreLondon midday: Stocks rally as Slovak shock fades
12th Oct 2011 12:05
London's leading share index has staged an impressive rally with worries following the Slovakian parliament's rejection of the euro bailout fund giving way to hopes that the small central European state will soon ratify the deal. SLOVAK HEADACHE, GERMAN REASSURANCE Late Tuesday night, just 55 of t
Read moreLosses widen at Ceres Power
12th Oct 2011 10:53
Wider losses at Ceres Power, the fuel cell technology developer, prompted a 25% tumble in the share price. Operating loss grew to £16.7m for the year to the end of June, compared to £13.2m the year before. Revenue was slightly lower at £0.7m, down from £0.8m in 2010, but the growing losses were
Read moreDavid Pummell is new CEO of Ceres
18th Aug 2011 11:18
Ceres Power has announced that it has appointed former BP executive David Pummell as its new chief executive officer (CEO). Pummell, who will take up the position on 5 September, was CEO of MAPS Technology, the maker of non-destructive testing equipment, until April of this year, developing the co
Read moreSmall caps round-up: ACAL, Ceres Power, Digital Barriers
1st Jun 2011 18:20
ACAL, the European specialist provider of technology products and services, swung back into the black in the year to 31 March, with a pre-tax profit of £1.9m on revenue of £265m. The year before it had made a loss of £6.3m on revenue of £182m. Underlying profit before tax advanced to £7.1m from a
Read moreSector movers: Burberry leads personal goods lower on quake concerns
14th Mar 2011 14:30
Personal goods is the worst performing sector Monday with luxury fashion brand Burberry losing nearly 4%. The Japanese crisis is weighing down on the stock, which attributes a large chunk of its sales to the country. Personal care and beauty products group Creightons is also providing a drag with s
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