Driver Group swings to a loss, aims to raise £8m from share placing
17th Feb 2017 09:02
(ShareCast News) - Driver Group's revenue for the 2016 financial year revenue increased but the company swung to a loss as it implemented a recovery plan. Meanwhile, the construction company is also aiming to raise £81m through an accelerated bookbuild in order to "normalise the capital structure of
Read moreDriver Group flags £9m operating loss for current year
14th Sep 2016 10:37
(ShareCast News) - Global professional services consultancy in the construction and engineering industries, Driver Group, updated the market on its trading performance during the second half of the financial year to 30 September on Wednesday. The AIM-traded company confirmed that, as expected, it re
Read moreDriver Group appoints new CFO
15th Aug 2016 17:10
(ShareCast News) - Driver Group has appointed Charles Laurence Cawley as its new group finance director. Cawley will join as CFO of the professional services consultancy to construction and engineering industries group from 22 August. He succeeds Damien McDonald, who will remain in the business u
Read moreDriver crashes after CEO resigns amid revenue worries
2nd Mar 2016 12:10
(ShareCast News) - Driver Group's chief executive Dave Webster has stepped down from the role after five years, as the company admitted revenue visibility was limited and the UK had endured a slow start to the year. The construction and engineering consultant has seen a number of dispute commissions
Read moreInvestment gets in the way of profit for Driver Group
8th Dec 2015 10:48
(ShareCast News) - The income rolled in at Driver Group in 2015, but significant investment in the business put paid to profits in its preliminary results to 30 September, announced on Tuesday. Revenue at the AIM-listed construction services firm was up 23% over the period, to £48m. Underlying prof
Read moreDriver CEO buys 50,000 shares
4th Jun 2015 15:34
Driver said on Thursday that its chief executive David Webster purchased 50,000 shares in the construction consultancy at 55p each, spending a total of £27,500. Following the transaction, Webster holds 2.05m shares in the group, which represents about 6.6% of the issued share capital. On Tuesday, t
Read moreDriver Group posts £2.1 first-half loss
2nd Jun 2015 12:40
Construction consultancy Driver Group posted a £2.1 loss before tax for the first half of this year, compared with £1.3m profit in 2014 as a result of its operations in Africa, Asia and the Middle East. The company said that the implementation of business support functions in those regions and a rev
Read moreDriver Group falls on contract delays and cancellations
25th Feb 2015 11:36
Driver Group chairman Alan McClue, warned that the construction and engineering consultancy will fall short of its annual expectations because of contract delays and cancellations. Late in 2014, the group appointed a new chief operating officer for its Africa, Asia and Middle East operations, who wa
Read moreSoco International Chairman adds 50,000 shares
13th Dec 2013 15:43
Soco International's Non-Executive Chairman, Rui de Sousa, has acquired 50,000 shares in the international oil and gas exploration and production company. The shares were purchased at 384.97p each for a total spend of £192,485. In its interim management statement last month the group said it was
Read moreDriver Group almost doubled profits on success of acquisition
21st May 2013 14:10
Driver Group shares got a lift on Tuesday after the company increased half year revenues and almost doubled its profits in the six months ended March 31st. Revenue at the global construction consultancy rose 74% from £10.6m to £18.5m, although this was driven largely by the acquisition of Trett in
Read moreDriver Group to beat full-year expectations
16th Oct 2012 08:42
Driver Group, a global construction consultancy, rose following an announcement that it expects to 'exceed management's expectations' for the year to September 30th. In a pre-close trading update, the AIM-listed company explained that its Middle East and Africa businesses continue to trade ahead of
Read moreDriver Group wins contract in Africa
5th Jul 2012 08:26
Construction consultancy Driver Group has made further progress to its Africa business following the award of a further contract. The deal is worth around $4.0m, but all other details remain confidential, the firm said. The project will be undertaken by a commercial joint venture between Driver
Read moreMiddle East helps boost Driver Group
27th Jun 2012 11:07
Construction consultancy Driver Group said a jump in Middle East revenues had helped catapult it back into profit in the first half. The firm reported pre-tax profits of £731,000, up from a loss of £140,000 the previous year. Revenue increased by 35% to £10.6m compared with £7.9m for the same peri
Read moreDriver wins consulting contract with mystery client
25th May 2012 10:31
Driver Group, the global construction consultancy, looks to have landed itself up to four years of work on a new contract. The contract win, won under the auspices of Driver's recent acquisition, Treet Consulting, is with "one of the world's largest independent oil and gas ... companies". Driver
Read moreDriver moves up another gear
19th Apr 2012 11:29
Driver Group, the construction consultancy, has lifted profit guidance for the second time this year on the back of strong trading and an order book that is fit to burst. Strong performances at its Middle East, Africa and UK Power divisions have persuaded the board to lift management expectations f
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