The 600 Group sells property, comments on Brexit exposure
4th Jul 2016 13:50
(ShareCast News) - The 600 Group has sold a property for £2.0m, and advised shareholders of several factors that it says reduce the risks associated with post-Brexit trading. The group said 60% of its activity was conducted in the USA and these businesses were the main profit drivers. "Furthermore,
Read more600 Group slumps as it warns on full year results
17th Feb 2016 11:03
(ShareCast News) - 600 Group, the AIM-listed distributor, designer and manufacturer of industrial products, said it expects full year results to be below market views amid ongoing weakness in European markets and tough trading in the US. The company said the difficult market conditions reported i
Read more600 Group H1 profits up as UK market recovers
26th Nov 2014 15:33
Machine tools and laser marking company 600 Group saw its profits for the first half of the year rise despite a "patchy" European market. The group's revenue increased 0.5% to £21.05m while profit before tax rose to £3.16m from £0.9m. It said the market conditions in Europe are inconsistent and the
Read moreAstraZeneca CFO adds £868,000-worth of shares
26th Jun 2014 16:06
The Chief Financial Officer of drug maker AstraZeneca has shown his faith in the group following a setback on Thursday, which saw an advisory committee to the US Food and Drug Association vote against the accelerated approval of its ovarian cancer treatment. Marc Dunoyer, who joined the company in
Read more600 Group sinks on termination of asset sale talks
12th Feb 2014 13:19
600 Group sank after the diversified engineering group revealed talks over the potential sale of certain assets were terminated. The group said that despite extensive discussions over recent weeks, the potential buyer Qingdao D&D Investment Group had "failed to make progress on certain matters by
Read more600 Group wins more time for Qingdao takeover talks
4th Dec 2013 14:46
Precision engineer 600 Group has won more time to continue talks with China's Qingdao D&D Investment Group about a potential takeover offer. The group said the Takeover Panel had extended a deadline for Qingdao to announce a firm plan to bid for 600 Group, or to pull out, from 17:00 GMT today to Ja
Read more600 Group announces share placing and losses
6th Sep 2012 09:38
Machine tools business 600 Group says it was hamstrung by the performance of its European operations in the full year to the end of March but has now cut the fat, and raised money to fund investment. In the 12 months to March 31st continuing revenues increased 8.1% to £39.39m but the business turne
Read more600 Group completes sale of South African operations
13th Jul 2012 09:57
600 Group, a diversified engineering firm, has sold the entire share capital of 600 South Africa after the conditional contract was approved. The operations, which were sold due to difficulties that were being experienced in repatriating net operating income to the parent company, was sold to Eqst
Read moreJob done, says 600 Group chairman
27th Jul 2011 07:58
Engineering firm 600 Group remains cautious in its outlook despite making a good recovery in the past year. The company moved firmly into the black, with pre-tax profit in the 52 weeks to 2 April of £3.58m, versus a loss of £8.72m the year before, after tough market conditions eased over the year
Read moreThursday tips round-up: ARM, Senior, 600
28th Apr 2011 07:16
Arm Holdings super-smart chips drive almost every smartphone on the market and its reach is now expanding well beyond advanced mobile phones. The stock trades on a huge multiple, which KBC Peel Hunt estimates at 54 times its estimated earnings for 2011. The Independent has Arm as one of its stock p
Read moreSmall caps round-up: 600 Group, ILX, Renew...
2nd Feb 2011 10:28
Engineering firm 600 Group says the improvement in its global markets has continued, with order intake since October 25% above the same period in 2009. The confirmed order book was 40% higher. "The recovery of our machine tool and precision engineered component markets in North America has continue
Read moreSmall caps round-up: Tinci, Nasstar, 600 Group...
30th Nov 2010 13:34
Environmental engineering group Tinci Holdings jumped after it announced contracts worth 45.4m Chinese Renminbi (£4.34m) to provide paper desulfurisation technology to two subsidiaries of the Dongguan Jiulong Paper Group. These projects are expected to start shortly and last for about six months. N
Read moreMajor shareholder backs 600 Group with loan
3rd Aug 2010 13:45
Diversified engineer 600 Group halved underlying losses last year and returned to profit at the operating level in the second half of its financial year. Revenue in the 53-week period ended 3 April tumbled to £45.38m from the 52-week period figure of £76.21m the year before. Loss from operations
Read moreSmall caps round-up: Real Good Food, Griffin Mining, Probability...
26th Jan 2010 08:08
Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy. The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by
Read more600 Group posts annual pre-tax loss
23rd Jun 2009 08:57
Precision engineering maker 600 Group reported an annual pre-tax loss as margins and sales deteriorated and as restructuring costs escalated. The UK's largest machine tool company posted a pre-tax loss of £8m in the 52-week period ended 28 March 2009 from a profit before tax of £2.5m the year befo
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