ITE executive raises £6.75m
17th Dec 2010 16:17
Edward Strachan, an executive director of exhibitions organiser ITE, has raised £6.75m by selling more than half of his shareholding. Strachan has sold 3m shares at 225p each. The shares were owned by Kyzyl Tan Consultants, where Strachan is the majority shareholder. Strachan still owns 2.675m sha
Read moreASOS boss raises £15m from share sale
14th Jul 2010 16:36
Nick Robertson, the founder and chief executive of online fashion retailer ASOS, has raised just short of £15m from a share sale immediately after a first quarter trading update. Robertson sold just over 1.68m shares at 890p each. Prior to the start of the day that was near to the all-time high fo
Read moreModern Water Agreement To Extend Al Khaluf Plant Trial
23rd Jun 2010 08:05
LONDON (Dow Jones)--Modern Water PLC (MWG.LN), an owner of leading water technologies focused on addressing the scarcity of fresh water and the treatment of waste water, Wednesday announced that it has agreed an extension to the trial of its desalination plant with the Omani Public Authority for Ele
Read moreSmall caps round-up: Baobab Resources, Idatech, Bango...
20th Apr 2010 08:45
Shares in Baobab Resources jumped after the Mozambique-focused metals explorer said it intersected 'significant widths' of magnetite-ilmenite mineralisation at the Chimbala prospect in the Tete region of the country. Fuel cell system firm IdaTech expects revenues for 2010 to be lower than expectati
Read moreSmall caps round-up: 32Red, Alkane, Norseman...
10th Mar 2010 11:21
Online casino operator 32Red enjoyed a "strong" recovery in the second half and said revenues increased 10% in January and February. Profit before tax fell to £530,186 in 2009 from £1.27m a year ago on revenue down 2% to £12.75m. The 32Red Casino business led the fight back, helping total second ha
Read moreModern Water subsidiary reports first sales
18th Nov 2009 11:09
Water technology group Modern Water's 76%-owned subsidiary Cymtox has received its first revenues from sales of water toxicity monitoring units in China. Cymtox's continuous toxicity monitor 'uses bacteria to monitor water and wastewater supplies for early signs of unwanted toxins, including metals
Read moreRound-up: Capital & Regional, International Ferro, Synergy Healthcare...
12th Nov 2009 14:11
Property fund manager Capital & Regional reports valuations in the UK fund businesses, particularly in retail warehouses, are trending higher in the fourth quarter. This reflects the strength of the investment market which is likely for the balance of this year to outweigh pressure on income. C&R
Read moreBroker tips: Glaxo, Go Ahead, Modern Water
9th Sep 2009 13:08
The Centers for Disease Control and Prevention (CDC) issued new guidelines for the use of antivirals in the treatment of flu on Tuesday, which should boost revenues drugs giant GlaxoSmithKline (GSK) receives from its Relenza flu treatment. The ruling that Tamiflu and Relenza should promptly be give
Read moreBroker snap: KBC laps up Modern Water
9th Sep 2009 12:42
House broker KBC Peel Hunt has upped its price target for Modern Water after the desalination firm's interim results. The broker has raised its fair value for Modern Water Group (MWG) shares from 69p to 77p and reiterated its 'buy' recommendation. 'MWG's previous undervaluation, where it traded at
Read moreModern Water H1 losses widen
9th Sep 2009 08:37
Interim losses at desalination firm Modern Water widened but the group says it is well positioned to deliver progress in the coming months. Loss on ordinary activities before income tax swelled to £2.1m during the six months ended 30 June 2009 compared to a loss of £1.1m the same period a year ear
Read moreSunday tips round-up: RM, Hill & Smith, Modern Water
5th Jul 2009 11:53
RM has diversified into educational software, electronic whiteboards and other educational devices. It has also moved into US markets, where penetration of items such as fully electronic whiteboards is much lower than in the UK. The company has net cash of around £4m, with about £12 in the bank. Th
Read moreModern Water hails success of test plant
29th Jun 2009 08:04
Modern Water said its plant in Gibraltar, which uses the company’s desalination technology, is performing ahead of expectations. The water technologies group’s Gibraltar plant has been supplying water directly into Gibraltar’s potable water distribution system since May 2009, and the quality of th
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