Record on target for FY
15th Apr 2011 07:53
Specialist currency manager Record said it expects pre-tax profits for the financial year ended 31 March 2011 to be broadly in line with market expectations. Assets under management as at 31 March 2011 totalled £19.6bn compared to £20.1bn the same time a year earlier. "Sterling showed mixed perfor
Read moreSmall caps round-up: AZ Electronic, James Cropper, Helphire...
16th Nov 2010 14:50
AZ Electronics, a recent IPO, saw strong sales in the second half of the financial year, with revenue for the four months ended October at $232.6m (2009: $188.3m). Profits dipped slightly at paper maker James Cropper in the half-year to September as the speciality posted a loss as after pulp prices
Read moreRecord hopeful of new mandates
15th Oct 2010 14:53
Currency investment manager Record has increased assets under management by 4% to $30.8bn in the quarter to September 2010. However, the sterling equivalent dropped slightly to £19.5bn. Exchange rate movements boosted the dollar figure by $1.6bn, while stock market movements added a further $600m.
Read moreFriday preview: Chrysalis, Record
14th Oct 2010 16:09
Music publisher Chrysalis claimed at its last trading update in August that it was outperforming the market, though as the music business likes to give the impression that it is hardly selling a single record thanks to illegal file downloading, doing better than the market may be no great shakes. N
Read moreSmall caps round-up: Judges Scientific, Terra Catalyst, DCC
16th Jul 2010 11:42
Judges Scientific said trading activity during the six-month ended 30 June remained robust and benefited from a healthy opening order book, strong order intake and favourable exchange rates. Order intake during the half-year was much stronger than in the comparable period of 2009. Terra Catalyst Fu
Read moreRecord Assets Under Management Equivalents At June 30 $29.5Bn
16th Jul 2010 07:19
LONDON (Dow Jones)--Record PLC (REC.LN), a specialist currency manager, announces Friday that at June 30 the Group's assets under management equivalents, or AuME, totaled $29.5 billion (March 31, 2010: $34.0 billion). MAIN FACTS: -AuME expressed in Sterling as at June 30 totaled GBP19.7 bill
Read moreDerwent Valley executives sell
18th Jun 2010 16:28
Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0
Read moreRecord FY Pretax Profit GBP16.67M Vs GBP26.80M
15th Jun 2010 08:03
LONDON (Dow Jones)--Record PLC (REC.LN), a specialist currency manager, said Tuesday it made pretax profit of GBP16.67 million for the year ended March 31, compared with GBP26.80 MAIN FACTS: -Revenue GBP33.42 million versus GBP46.80 million -Assets under Management Equivalents or AuME $3
Read moreProfits to be in line at Record
20th Apr 2010 15:23
Currency investment manager Record expects pre-tax profits for the year just ended to be in line with market expectations. The company said assets under management equivalents (AuME) at the end of March had risen to £22.4bn from £22.1bn at the end of 2009, but were down in US dollar terms to $34bn
Read moreAmlin non-exec trebles shareholding
4th Mar 2010 16:48
Non-executive director Tony Holt has bought more than £2m worth of shares in insurance underwriter Amlin. Holt bought 500,000 shares at 411.75p each, which takes his shareholding to 759,102 shares. Holt joined Amlin in 1980 and was appointed to the board in 2000. He was group underwriting direct
Read moreSchroders executives pocket option gains
17th Nov 2009 15:51
Two executive directors of asset manager Schroders have taken up options and sold most of them for large profits. Chief executive Michael Dobson took up options over 1,802,033 non-voting shares, of which 906,285 were at nil cost and the rest at prices of 705p, 483p and 398p a share. The total cost
Read moreWednesday tips round-up; Pearson, Greggs, Bunzl
21st Oct 2009 06:45
Pearson faces pressures in financial advertising at the FT Group while Penguin's performance is flat. However, underpinned by US stimulus spending and the natural hedge between higher US college enrolments and weaker US school budgets, Pearson should continue to prosper in North America while its
Read moreSmall caps round-up: smartFocus, Globo, Record...
21st Jul 2009 09:19
Shares in smartFocus soared after the marketing software company said it expected to post 13% rise in revenues in the half year to June 30, with profits also significantly ahead. The firm has benefitted from the rise in digital marketing's popularity, with customers wins during the period including
Read moreSmall caps round-up: Veris, Hightex, Inion ...
23rd Jun 2009 09:04
Property services group Veris posted a pre-tax loss of €6.7m versus the €4.8m profit last year due to the €11.3m write off of assts in the Moving and Storage division. Turnover grew by 29% in the year to €84.3m. "We anticipate that any new business wins in the short term will be offset to a greater
Read more