Findel losses widen 33%, omits divi
20th Jul 2010 08:16
Annual losses at home shopping group Findel widened by a third as it scraps its final dividend and warned current trading remains challenging. Loss before tax swelled to £76.1m in the year ended 2 April 2010 compared to a loss of £57.4m the year before. Sales fell to £547m from £572.1m after a poor
Read moreFindel FY10 Loss Widens By 33%, Skips Dividend
20th Jul 2010 08:07
LONDON (Dow Jones)--Findel PLC (FDL.LN), a U.K.-based home shopping and educational supplies business, said Tuesday its pretax loss for fiscal 2010 widened by 33% and added that it will not pay a dividend for fiscal 2010 and does not expect to declare a dividend for the current financial year as wel
Read moreFindel Appoints Tim Kowalski As Group Finance Director
16th Jul 2010 12:04
LONDON (Dow Jones)--Findel Plc (FDL.LN), a home shopping and educational supplies sales company announced Friday the appointment of Tim Kowalski as Group Finance Director with effect from August 2. MAIN FACTS: -Kowalski brings substantial relevant experience to the role having been Group Fin
Read moreUK SMALLCAP ROUNDUP: Eckoh Sees Return To 1H 2011 Profit
21st 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 ECKOH PLC (ECK.LN), a voice recognition specialist, expects to return to a profit in the first half of fiscal 2011 after posting a narrowed pretax loss f
Read moreUK SMALLCAP ROUNDUP: Photo-Me Fined GBP500,000 By FSA
21st 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 PHOTO-ME INTERNATIONAL PLC (PHTM.LN), a photo booth operator, was Monday fined GBP500,000 by the U.K. Financial Services Authority for failing to keep in
Read moreUK SMALLCAP ROUNDUP: GW Pharm Seeks More EU Sativex Approvals
21st Jun 2010 08:53
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 GW PHARMACEUTICALS PLC (GWP.LN), a drug company, Monday said it will apply to sell multiple sclerosis medicine Sativex in other European countries during
Read moreFindel FY profit reduced by £6m after review
21st Jun 2010 08:42
Home shopping firm Findel said full year profit will be reduced by over £6m after it found accounting errors in its education division. "The review of the Education Division completed by new divisional management in conjunction with the Company's auditors has led to a revision of the estimates pro
Read moreFindel Cuts FY09 Pretax Profit On Education Accounting Errors
21st Jun 2010 08:19
LONDON (Dow Jones)--U.K. home shopping and educational supplies company Findel PLC (FDL.LN) Monday cut the pretax profit results for fiscal 2009 after finding accounting errors in its education division. Findel said the errors are estimated to have reduced its pretax profit for the year ended Ap
Read moreFindel Sells Webb Group To Endless For GBP1
8th Jun 2010 14:17
LONDON (Dow Jones)-- Findel PLC (FDL.LN), a group in home shopping and the distribution of educational and medical supplies, announced Tuesday the sale of its wholly owned subsidiary Webb to Endless LLP for a total consideration of GBP1 paid in cash. MAIN FACTS: -Webb comprises two main trad
Read moreLondon afternoon: Insurers left behind
23rd Apr 2010 14:07
The blue-chip index edged higher over the lunch time session but has not yet recouped all of yesterday's losses, and barring a late flourish looks set to end the week lower than it started it. The number of FTSE 100 constituents in the red is in single figures and comprises a large number of insure
Read moreSector movers: Findel lifts retail despite lower profit expectations
23rd Apr 2010 12:14
At the end of what has been quite a busy week for retail stocks, home shopping group Findel is helping to lift the sector higher, even after lowering its profit expectations. Benchmark profit before tax will be between £16m to £17.5m after the group's educational supplies division expectations were
Read moreLondon open: Minimal gains posted
23rd Apr 2010 08:28
London's leading shares are showing slight gains as a late recovery on Wall Street boosts investor sentiment. Banks are amongst the early movers with RBS, Barclays and Lloyds all higher, while utilities such as Severnt Trent, National Grid and United Utilities are at the bottom end of the market.
Read moreFindel sees lower profits
23rd Apr 2010 07:42
Home shopping firm Findel said benchmark pre-tax profit will be lower than previously expected due to difficult market condition at its educational supplies division. The group also said full year results will include intangible impairment charges of approximately £61m, £8m of onerous lease provisi
Read moreLondon close: Footsie keeps climbing
6th Apr 2010 16:29
The day was dominated by news that the general election will be held on May 6 following Prime Minister Gordon Brown's announcement, but Footsie was lifted higher by unrelated factors. Petrofac led the market higher on its first day of trading since demerging its UK Continental Shelf assets into a
Read moreLondon afternoon: Early gains dissipating
6th Apr 2010 14:23
Footsie is still in the blue but the gains are slowly dribbling away on a day which, aside from the heavily trailed dissolution of Parliament, is light on news. Petrofac is leading the market higher on its first day of trading since demerging its UK Continental Shelf assets into a new company, Enqu
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