Elektron perks up on strong orders, outlook
10th Jun 2010 09:08
Shares in components firm Elektron rose 2.5% after it reported a surge in orders for the year to date and said it is well positioned for future growth. EBIT for the year ended 31 January 2010 (before exceptional items) rose to £1.8m from £1.1m in 2009. Sales fell to £29.9m from £35.6m before. Th
Read moreElektron FY Pretax Profit GBP0.2M On Revenue GBP29.9M
10th Jun 2010 08:19
LONDON (Dow Jones)--Elektron PLC (EKT.LN), a technology based provider of engineered solutions, said Thursday that for the year ended Jan. 31, it made a pretax profit of GBP0.2 million on revenue of GBP29.9 million. MAIN FACTS: -Revenue GBP29.9 million (2009: GBP35.6 million) -Operating
Read moreElektron outlines improved trading
8th Apr 2010 08:34
Shares in components firm Elektron rose after it said an increase in trading in the final weeks of the last financial year has translated into a significant increase in operating profits pre exceptional costs. "This upgrade in management's expectations for the financial year ended 31 January 2010 i
Read moreSector movers: Elektron power electronics gains
6th Apr 2010 14:32
Elektron is among the stocks boosting the electronic and electrical equipment sector. The components group today announced Keith Daley has been appointed executive chairman. Daley has been non-executive chairman and temporary chief executive officer since the resignation of the previous CEO in 200
Read moreElektron names Daley chairman
6th Apr 2010 09:08
Components group Elektron today announced Keith Daley has been appointed executive chairman. Daley has been non-executive chairman and temporary chief executive officer since the resignation of the previous CEO in 2008. Commenting on the appointment Daley said, "We have an excellent team, innovat
Read moreElektron to beat expectations, possible disposal
12th Jan 2010 14:57
Elektron said it expects to perform 'significantly' better than the current market forecast for the financial year ending 31 January, excluding the exceptional charges arising from its restructuring. The number of divisions in the components group has been reduced from three to two. Electron said
Read moreElektron posts H1 loss
8th Oct 2009 08:34
Components group Elektron reported an interim loss compared with a profit the previous year but said it is confident of meeting market expectations for the full year. The group posted a loss before taxation from continuing operations of £388,000 for the six months to 31 July following exceptional c
Read moreElektron sees continued improvements
19th Aug 2009 08:24
Components group Elektron said it is no longer seeing dramatic declines and continuing to see improvements in some areas of its business. The firm, which makes switches, battery holders and other electrical products, said margins at its largest division, Elektron Components, which accounts for 60%
Read moreLondon close: Banks boost Footsie late
11th Jun 2009 16:33
London rallied strongly late on, helped by gains for banks, which outweighed profit taking among the big mining stocks and weakness among oil users as the price of crude rose again. Speculation is growing about the timing of the government's withdrawal from ownership of large stakes in Royal Bank
Read moreLondon afternoon: Banks in demand
11th Jun 2009 14:47
London is having a languid day, with Footsie lacking direction. Banks are strong but their gains are counterbalanced by losses on mining stocks. Banks are in focus as speculation grows about the timing of the government's withdrawal from ownership of large stakes in Royal Bank of Scotland (RBS), L
Read moreLondon midday: Leading shares remain mixed
11th Jun 2009 11:54
Leading shares continue to tread water, with little sign of strong influence from Wall Street, which is expected to open moderately firmer. Home Retail Group is slightly off the pace after this morning's trading statement. The retailer said both Argos and Homebase enjoyed better than expected sales
Read moreLondon open: Shares drop slightly
11th Jun 2009 08:20
London's blue chips are slightly lower in early dealings with commodity stocks among the main fallers following yesterday's stellar gains. Mining giants Lonmin, Rio Tinto, Eurasian Natural Resources and Xstrata are all down. Home Retail Group said both Argos and Homebase enjoyed better than expect
Read moreElektron swings to pre-tax loss
11th Jun 2009 07:43
Engineered products developer and manufacturer Elektron swung to a full-year pre-tax loss and said it will continue to face challenging times in the current financial year. Pre-tax losses came to £2.27m in the year ended 31 January compared with a profit of £1.95 last time. However, the group trad
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