Redhall hurt by Vivergo loss
2nd Jun 2011 07:59
Engineering support services group Redhall reported a weak set of first half figures following the loss of the Vivergo contract but it expects trading in the second half and beyond to be much improved. The niche engineer said adjusted pre-tax profit fell 70% at £1m during the six months ended 31 Ma
Read moreRedhall hit by severe weather
2nd Feb 2011 10:37
Shares in Redhall fell after the niche engineer said trading has been slower than anticipated partly due to bad weather and announced that its chief executive is stepping down. The company, which provides services for the defence and energy sectors, said: "Trading in the first quarter of the curren
Read moreSunday tips round-up: Redhall, Portmeirion...
19th Dec 2010 11:38
Support services specialist Redhall focuses on three areas - defence, energy and food processing. In defence, it is a key player in the Astute submarine project, the Royal Navy's ultrasophisticated new fleet. Redhall is a solid, well-run company and it is poised to grow as the economy becomes stron
Read moreSector movers: Petards CCTV deal boosts support services
2nd Dec 2010 14:29
The support services sector is going well today with the surveillance systems group Petards the best performer after announcing that its CCTV systems will be installed on southeast trains. Elsewhere in the sector, engineering support services group Redhall is wanted after its full year results. Pro
Read moreRestructuring costs dent profits at Redhall
2nd Dec 2010 08:46
Engineering support services group Redhall said annual profit slipped after substantial rebranding costs. Chairman David Jackson said he was pleased with the group's performance in difficult market conditions. Demand from the oil and gas was satisfactory while Defence traded exceptionally well wit
Read moreRedhall admits defeat on Mount bid
7th Oct 2010 15:55
AIM-quoted engineer Redhall has withdrawn from the bid battle for Mount Engineering after the engineering company recommended Cooper Industries' rival 82p a share bid. Cooper announced its bid, which values Mount at £19.2m, on 1 October. It is significantly higher than Redhall's bid of 70p a share
Read moreLondon close: Strong start to final quarter
1st Oct 2010 16:41
The last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th
Read moreLondon afternoon: Footsie back above 5600
1st Oct 2010 14:56
The afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat
Read moreLondon midday: Stocks advance despite economic worries
1st Oct 2010 12:23
London's leading share index remains in positive territory, but worries over the European debt situation have weighed on sentiment slightly. The concerns centre on Ireland again, after figures showed manufacturing activity in the country contracted in September, with the purchasing managers' index
Read moreLondon open: Oil stocks lift Footsie
1st Oct 2010 09:13
Shares have got off to a strong start on the first day of the last quarter, with oil stocks setting the pace. BP is higher amid speculation that dividends will soon be resumed. Bob Dudley, who becomes chief executive of the oil company today, said that the board would meet soon to discuss restoring
Read moreLondon pre-open: BP divi hopes to lift Footsie
1st Oct 2010 07:37
London looks set to start the final quarter of 2010 in positive mood with sentiment lifted by hints from the incoming boss of oil giant BP that the company is ready to restore dividend payments that were suspended during the Gulf of Mexico crisis. Bob Dudley, who becomes chief executive of the oil
Read moreCooper offers 82p a share for Mount
1st Oct 2010 07:10
Having thought about it all week Cooper Controls has launched a rival bid for Mount Engineering. Mount is currently recommending a 70p a share bid from AIM-quoted Redhall, but Cooper Controls, having indicated on Monday 27 September that it was considering an offer of at least 78p per Mount share,
Read moreCooper ponders Mount bid
27th Sep 2010 18:47
A subsidiary of Cooper Industries says that it is considering a rival bid of at least 78p a share for Mount Engineering. Cooper Safety hopes it can gain the agreement of Mount's board and shareholders for its bid. Any bid is subject to due diligence, which should be complete by the end of the week.
Read moreLondon close: Stocks close lower as rally fizzles out
22nd Sep 2010 17:00
Footsie gave up a brief rally to close in the red on an uncertain day's trading in the wake of Federal Reserve chairman Ben Bernanke's nervous comments on US economic prospects yesterday. Shares in the US moved lower despite having rallied earlier. Similar sentiments to those expressed by Bernank
Read moreLondon afternoon: Miners shore up Footsie
22nd Sep 2010 14:45
Leading shares made steady progress over the lunch time session returning the blue-chip index more or less back to where it finished overnight. Mining stocks are primarily responsible for the Footsie's level position, with industrial metal miners such as Antofagasta, Kazakhmys and Rio Tinto now do
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