London open: Footsie rebounds over 5,400
9th Aug 2010 08:48
A late rally in the US on Friday has helped Footsie rebound through 5,400 again. International Power is the best performer on widespread reports it will reveal a merger with French utility GDF Suez. That should trigger a £1.3bn windfall for International Power shareholders. The deal is expected to
Read moreMichelmersh Brick well placed for 2010
9th Aug 2010 07:54
Specialist brick, land development and landfill firm Michelmersh Brick said trading during the first half has been in line with management's expectations and is well placed for 2010 and beyond. The group also announced that financial director Craig Robinson is leaving the company with immediate ef
Read moreSmall caps round-up: Ariana Resources, Michelmersh, ReNeuron...
12th Jul 2010 08:31
Shares in Ariana Resources rallied after the Turkey-focused gold miner announces the completion of its joint venture agreement with Proccea to develop the Red Rabbit Project in western Turkey. The group said results from the recent resource drilling programme are expected shortly. Managing directo
Read moreMichelmersh Brick: Hathern Terracotta Unit Gets 6 New Contracts
12th Jul 2010 07:42
LONDON (Dow Jones)--Michelmersh Brick Holdings PLC (MBH.LN), the specialist brick, land development and landfill company, said Monday Hathern Terracotta, its terracotta and faience production business launched in August last year, has won six supply contracts for high profile projects in London.
Read moreFirstGroup chief executive's wife sells stake
16th Jun 2010 15:17
The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator. Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time. She no longer has any shares in the company, but her husband still has a
Read moreMichelmersh Brick To Sell 300 Acres Surplus Land For GBP1.30M
16th Jun 2010 08:18
LONDON (Dow Jones)--Michelmersh Brick Holdings PLC (MBH.LN), a specialist brick, land development and landfill company, said Wednesday that it has now exchanged contracts for the sale of 300 acres of surplus agricultural land for a total cash consideration of GBP1.30 million, with completion schedul
Read moreMichelmersh raises £3m for acquisition
1st Mar 2010 14:52
Michelmersh Brick is raising £10m to fund the purchase of Freshfield Lane Brickworks (FLB), which makes clamp-fired stock bricks in Sussex. The AIM-listed brickmaker has conditionally placed 10m shares at 30p each, a 22% discount to the closing market price of 38.5p on Friday. It is paying £5m in
Read moreMichelmersh narrows losses
22nd Sep 2009 08:36
Brickmaker Michelmersh slimmed down half year losses as it cut costs and reduced output levels at all of its plant. Loss before taxation was narrowed to £457,000 for the six months to 30 June 2009 from £483,000 the year before. Group turnover was reduced by 28% to £9.1m. "Decisive action taken twe
Read moreSmall caps round-up: Hill & Smith, Innovation, BlueStar...
17th Aug 2009 09:37
Infrastructure and construction products group Hill & Smith reported a 1% rise in first-half pre-tax profit to £20.2m, while revenue was down 7% at £196.8m. The dividend increased to 4.7p per share compared with 4.3p last time. 'Whilst the extent to which these signs of improvement are maintained
Read more