Pittards profits leathered by Ethiopia tax
19th Sep 2012 11:23
Leather goods firm Pittards said it had succeeded in breaking even in the first half after being hit by export taxes imposed by the Ethiopian government. Exports from Ethiopia represent 93% of the company's sales and the government there has put a 150% tariff on crust leather exports. Despite thi
Read moreBrooks Macdonald co-founders ditch 385,000 shares
22nd Mar 2012 15:19
Three of the founders of Brooks Macdonald, an AIM-50 wealth management group, have sold a total of 385,000 shares for 1,275p, but insisted they remain 'fully committed' to the company. Chris Macdonald, the Chief Executive, reduced his stake by 150,000 shares, Richard Spencer by 130,000 and Jonatha
Read moreTuesday tips round up: Ferrexpo, Berkeley, Pittards...
20th Mar 2012 06:50
In the Telegraph, Questor gives Ukrainian iron ore producer Ferrexpo a polish and decides it scrubs up rather well. The company has shifted focus from Eastern European markets and now sells more to China and the growing economies of Asia. There is risk, especially as the Chinese juggernaut appears
Read moreRaw material price rises pressure Pittards
19th Mar 2012 07:26
Leather goods exporter Pittards had to run to stand still in 2011 as the rising cost of raw materials nibbled away at profits. Revenue from continuing operations in 2011 rose to £38.2m from £36.1m the year before, with demand from key customers remaining firm. Profit before tax eased to £3.05m fr
Read morePittards trading in line
16th Jan 2012 08:03
Leather goods firm Pittards said trading in all areas of the business has been broadly in line with market expectations for the year as a whole. Its order book has remained strong as it enters 2012 and it continues to make progress with strategic developments. Pittards also explained that it has
Read morePittards beats inflation to increase profits
15th Sep 2011 12:15
Leather goods firm Pittards saw its share price lifted after it increased half-year profits and said it soon hoped to be able to offer a dividend. The firm, which makes 'technologically advanced leather' for goods such as Nike American football gloves, posted a £1.1m profit, up from £0.9m in the fi
Read moreJohnston Press chairman buys again
21st Mar 2011 16:59
Johnston Press chairman Ian Russell has nearly doubled his stake in the local newspaper publisher. Russell acquired 1.3m shares at 7.65p each, taking his stake to 2.71m shares. The share purchase cost just over £99,000. The Johnston Press share price has fallen by nearly three-quarters in the pa
Read moreRaw material costs concern Pittards
17th Mar 2011 07:44
Pittards, which makes leather for goods such as Nike American football gloves and Timex watch straps, saw profits edge up in 2010 as revenues soared in line with global economic recovery, but warned that high raw material prices will make maintaining margins a challenge. Pre-tax profits on continui
Read morePittards trading beats expectations
12th Jan 2011 13:53
Shares in Pittards were in demand after the maker of leather for goods such as Nike American football gloves and Timex watch straps said trading was better than expected in calendar year 2010. The second half will be an improvement on the first, when it reported a pre-tax profit of £900,000. "Our
Read moreNew M&S chairman goes shopping
24th Nov 2010 17:31
Robert Swannell, the former banker who will soon be the chairman of Marks & Spencer, has bought a big chunk of shares in the High Street retailer. He took 20,000 shares at 372.8p a time, paying just less than 75,000, and now has 70,000. Swannell's appointment at the helm of Marks & Spencer was an
Read moreFriday tips round-up: Premier Farnell, Redrow, Home Retail...
10th Sep 2010 06:47
There is potentially more to go for at Premier Farnell. In the US, web sales are about a third of the total, well behind the 46% seen across the group. There is also more scope for growth in China and in India, South Korea, Taiwan and Thailand, where it has just set up shop. About 300,000 new custom
Read moreSmall caps round-up: Eros, China Medical Systems, Tristel.....
9th Sep 2010 14:48
Indian films distributor Eros International has filed a prospectus for the proposed flotation of Eros International Media Limited in relation to the proposed flotation on the National Stock Exchange of India and the Bombay Stock Exchange. The offer will open on 17 September and be closed four days l
Read moreSmall cap round -up: Immunodiagnostics, MDM, Pilat...
30th Nov 2009 12:06
Booming demand for its Vitamin D testing kits nearly trebled Immunodiagnostic's interim profits with the group reporting equally strong trading into the second half of the year. Revenue rose by up 56% to £16.9m (2008: £10.8m) with pre-tax profit up 188% to £4.6m (2008: £1.6m). "Traditionally the re
Read morePittards returns to profit
7th Sep 2009 14:21
Leather manufacturer Pittards returned to profitability in the first half despite a drop in revenues. The group made a profit before tax of £329,000 in the six month ended 30 June compared with a loss of £38,000 last time. Revenue for the six month period was £12.47m. This was less than the £13.17
Read moreSector movers: Food stocks on the rise
7th Sep 2009 11:32
The food producers sector is up more than 11% after shares in chocolate maker Cadbury soared following its rejection of a proposed £10.2bn offer from the US food giant Kraft. Cadbury countered Kraft boss Irene Rosenfeld's claim that the offer 'would deliver a premium well above what they themselves
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