Redhall warns of profits 'materially below' expectations
1st May 2019 10:43
(Sharecast News) - Engineering business Redhall warned investors on Wednesday that delays in the award of a number of expected new contracts meant that its full-year performance would now be "materially below its previous expectations".
Read moreRedhall Group expecting strong second half
6th Mar 2019 15:37
(Sharecast News) - Manufacturing and services company Redhall Group told shareholders on Wednesday that its market conditions remained "encouraging", and that it had a "strong" pipeline of opportunities, as investors gathered for the annual general meeting in London.
Read moreRedhall gets £2m short-term funding from major shareholders
25th Jan 2019 09:54
(Sharecast News) - Manufacturing and services company Redhall Group has agreed terms with two of its major shareholders, Lombard Odier Investment Management (LOIM) and client funds managed by Downing, for new short term financing facilities of £2m, it announced on Friday.
Read moreRedhall CEO steps down after seven months on the job
25th Oct 2018 08:29
(Sharecast News) - AIM-listed manufacturer Redhall revealed on Thursday that chief executive Wayne Pearson had resigned his position with immediate effect.
Read moreRedhall shares tumble following profit warning
26th Sep 2018 10:39
(Sharecast News) - Redhall warned investors on Wednesday that full-year results would be "materially" below the engineer's previous guidance as a result of project delays and slower-than-expected efficiency gains.
Read moreRedhall Group on track with improvement plan
1st Feb 2017 10:26
(ShareCast News) - Investors in manufacturing and specialist services firm Redhall Group were gathering in Leeds on Wednesday for their annual general meeting. The AIM-traded company's chairman, Martyn Everett, reiterated the board's December promise that it will focus on delivering further improvem
Read moreRedhall losses narrow as order book grows
7th Dec 2016 12:03
(ShareCast News) - Manufacturing and specialist services company Redhall Group posted its preliminary results for the year to 30 September on Wednesday, with significant order book and profit growth achieved in its latest stage of transformation to what the board called a "high integrity" manufactur
Read moreRedhall attributes share price jump to Hinkley Point approval
15th Sep 2016 10:23
(ShareCast News) - AIM-listed manufacturing and specialist services company Redhall Group noted the jump in its share price on Thursday, saying it was likely to be related to the government's approval of the Hinkley Point C nuclear power station. "The board of Redhall considers that its businesses B
Read moreRedhall Group to raise £5.8m in share placing
11th Sep 2015 08:13
(ShareCast News) - Redhall Group intends to raise up to £5.8m through a placing and open offer of up to 115.3m shares at 5p per share. The manufacturing and specialist services group said the placing and a debt conversion it has agreed with Henderson and HSBC have the potential to reduce debt by up
Read moreRedhall Group posts wider losses, strategic plan progresses
11th Jun 2015 09:15
Engineering support services company Redhall Group made "substantial progress" with the implementation of its strategic plan during the six months to 31 March, but failed to impress after reporting continued delays on major customer, nuclear-related projects in the manufacturing business. The issues
Read moreRedhall unveils new chairman and strategy after posting £5.8m loss
4th Dec 2014 09:56
Engineering support services group Redhall said chairman David Jackson will step down with immediate effect, as the firm announced a new strategic overhaul following annual losses of £5.8m. Jackson has been succeeded by Martyn Everett, who was appointed to the board as a non-executive director in Se
Read moreRedhall warns on profits amid nuclear contracting problems
31st Jul 2014 16:22
Engineering support services group Redhall warned on profits after problems in nuclear contracting and delays in work from big customers. Redhall, which makes blast-resistant doors and other engineered products for industries ranging from oil & gas to drugs, said it had revised its forecasts for th
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreRedhall half-year losses more than double
12th Jun 2014 08:30
- Losses more than double for the half-year - Expects to make progress in the second-half - Prudent view for full-year Engineering support services group Redhall posted half-year results in line with expectations a week after it issued a full-year profit warning and said Chief Executive Richard Shu
Read moreRedhall Chief Executive quits after profit warning
6th Jun 2014 13:51
Engineering support services group Redhall blamed substantial delays in securing work for a profit warning and said its Chief Executive was quitting. Redhall, which provides services to the oil & gas industry, said it had reviewed its forecasts and now expected 2013/14 results to be similar to thos
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