Pressure Technologies buys Martract for £4.3m
8th Dec 2016 08:43
(ShareCast News) - Engineering firm Pressure Technologies has bought rival Martract for £4.3m in order to strengthen its ability to supply bespoke solutions to clients and improve its supply chain. The company said that the acquisition, which is expected to me immediately earnings enhancing, is a "s
Read morePressure Technologies to report a full year loss against market expectations
30th Aug 2016 14:46
(ShareCast News) - Engineering company Pressure Technologies said there will be a loss in its full year results, against market expectations, due to delays and legacy costs to upcoming projects. Trading in Pressure Technologies' three manufacturing divisions, cylinders, precision machined components
Read morePressure Technologies issues warning as oil industry stagnates
27th Apr 2016 16:27
(ShareCast News) - Pressure Technologies issued a dire warning about the state of oil and gas services on Wednesday, signalling its struggle through the first six months of the trading year were even more difficult than previously anticipated. The AIM-traded company had highlighted difficult trading
Read morePressure Technologies weathering oil and gas storm, keeps divi
15th Dec 2015 14:46
(ShareCast News) - Pressure Technologies saw its full-year operating profits almost halved as a result of the storm in oil and gas markets, but the directors of the company expressed confidence in the group´s outlook. The specialist engineering outfit´s revenues for the 53 weeks to 3 October grew 4.
Read morePressure Technologies on track to beat market expectations
10th Nov 2015 14:24
(ShareCast News) - Pressure Technologies expects its adjusted earnings for the full year to be ahead of market views despite difficult conditions in its main oil and gas market, following strong performances across some of its divisions. In a trading update for the year ended 3 October, the high pre
Read morePressureTechnologies appoints engineer to board
27th Aug 2015 11:18
(ShareCast News) - AIM listed PressureTechnologies has appointed Brian Newman to its board as non=executive director. Newman, whose board roles included positions at Teknomek Ltd, Shrewsbury and Telford Hospital NHS Trust, will replace Nigel Luckett, the company said in a statement. Luckett, who ha
Read morePressure Technologies announces new financial director, shares higher
16th Jun 2015 09:27
Pressure Technologies announced that Finance Director James Lister will step down as finance director on 30 June, to permanently retire on 1 September. He will be succeeded on 13 July by Joanna Allen, who has been a director in PricewaterhouseCoopers' assurance practice for seven years. "I am delig
Read morePressure Technologies slumps after warning on results for both current and next year
4th Jun 2015 08:57
Pressure Technologies suffered a sharp decline after the group said its results for both the current and next financial year would be "materially lower" than market forecasts. The engineering solutions provider admitted it has experienced a further slowdown over the past few weeks in the release of
Read moreSector movers: Engineers fall as Weir, Avingtrans and Molins disappoint
25th Feb 2015 14:40
The industrial engineering category was at the bottom of the pile on Wednesday as the share prices of sector peers Weir Group, Avingtrans and Molins all dropped sharply on the back of disappointing results. Blue chip engineer Weir, which operates in the minerals, oil and power markets, plunged over
Read morePressure Technologies full-year profits rise despite market uncertainties
9th Dec 2014 12:00
Engineering manufacturer Pressure Technologies said it had an "excellent" year with strong sales and profits despite geopolitical tensions and market uncertainties. Revenues increased 57% to £54m, driving profits before tax to £5.4m from £2.9m in the year before and earnings per share 47% higher to
Read moreAdmiral Chairman reduces interest after wife makes share sale
6th Mar 2014 15:50
The wife of the Chairman of Admiral this week sold 1.2m pounds-worth of shares on the same day the insurance giant cheered with an in-line set of full-year results. The 1,500p-a-share sale reduced Alastair Lyons's interest by 80,000 shares to 312,152. The disposal took advantage of the recent ri
Read moreMorgan Sindall CEO sells 500,000 shares
9th Aug 2013 15:42
The founder and Chief Executive Officer (CEO) of Morgan Sindall has trimmed his stake in the construction and regeneration company to under a tenth over three millions pounds-worth of shares. John Morgan sold 500,000 shares (equal to a 1.16% holding) at a price of 665p each for a total of £3.3m, ta
Read morePressure Technologies director raises his stake
22nd Jul 2013 16:38
It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday. Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000
Read morePressure Technologies back in the black
12th Jun 2012 12:45
Pressure Technologies, a high pressure systems engineer, has returned to the black after enjoying a leap in revenues for the half year ended March 31st. Pre-tax profits came in at £0.46m, compared to a loss of £0.31m in 2011, while revenues reached £12.6m, £2.3m higher than those seen the previous
Read moreSmall caps round-up: Enegi Oil, Assura, Pressure Tech...
10th Feb 2011 13:18
Enegi Oil says the pressure results from the ongoing chemical soak at its PaP#1 Garden Hill South (GHS) well in Newfoundland are "positive". A second chemical soak is planned to improve connectivity even further. Chemicals and acid will be injected down the wellbore at a significantly higher pressu
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