Tanfield investment Snorkel sees sales plunge amid pandemic
10th Jul 2020 09:17
(Sharecast News) - Tanfield updated the market on its investment in aerial work platform company Snorkel International Holdings on Friday, reporting that its sales in the fourth quarter of 2019 were $51.3m (£40.76m) - up 7.4% year-on-year.
Read moreTanfield Group's operating loss grows amid joint-venture dispute
21st Aug 2019 08:59
(Sharecast News) - Tanfield Group shares dropped on Wednesday as its interim operating loss deepened due to legal costs relating to the company's interest in Snorkel International Holdings.
Read moreTanfield writes down one of its investments
27th Jun 2016 12:04
(ShareCast News) - Tanfield, a passive investment company, reported a loss before tax for the year ending 31 December 2015 after it wrote down the value of one if its investments. Tanfield's pre-tax loss before impairments widened from £389,000 in 2014 to £4.4m for the year ending 31 December 2015,
Read moreTanfield Group's investments pay off, but outlook uncertain
22nd Jun 2015 10:22
Tanfield Group reported strong progress in its two investments, Snorkel International Holdings (SIH) and Smith Electric Vehicles Corp (SEV), but warned that a longer-term "risk of failure" remained. Tanfield attributed the success in the year to December 2014 to its business strategy of combined man
Read moreTanfield losses rise but group positive about future investments
21st Aug 2014 11:14
Electric vehicle investor Tanfield Group stayed upbeat about prospects for its businesses despite a rise in first half pre-tax losses. Tanfield said Snorkel International Holdings was doing well and Smith Electric Vehicles was raising up to $20m ahead of a planned merger with US firm American Busin
Read moreTanfield faces dilution of 24 per cent stake in electric vehicle arm
14th Mar 2014 14:48
Electric vehicle investment firm Tanfield Group is reviewing its investment strategy after news that a fundraising needed by its Smith Electric Vehicles arm could significantly dilute its stake, hitting its shares. Tanfield, which owns 24% of SEV, said SEV needed more investment to survive and to a
Read moreTanfield narrows losses but flags cash constraints
28th Jun 2013 09:05
Tanfield Group reported smaller full-year losses but said it had reined in production in its final quarter to protect cash and it required additional working capital. Shares in the aerial lift manufacturer had fallen 3.58% to 22.9p by 09:58 on Friday.. The aerial lift manufacturer reported pre-tax
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreTanfield Group considers approaches for cherry picker business
20th Feb 2013 09:28
Aerial work manufacturer Tanfield Group said Wednesday it has been approached by number of companies interested in taking over its cherry picker business. The company, which focuses on aerial platforms for construction businesses, said it was considering the approaches which came from "credible pa
Read moreLondon close: Stocks finish flat, Sterling up but overbought
21st Sep 2012 16:48
Footsie's movements were being directed by the Grand Old Duke of York today and, as in the old nursery rhyme, ended the day more or less neither up nor down. Extra time often leads to penalties What was set up to be the big item of the day, the decision from the independent directors of mining gr
Read moreLondon midday: Stocks tread water
21st Sep 2012 11:50
After a bright start London reversed course shortly after 10:00 and the top-share index is now little changed. Miners are still going well, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweig
Read moreLondon open: Miners bounce back
21st Sep 2012 08:46
Having taken a hammering yesterday in the wake of the gloomy manufacturing news from China, miners are bouncing back this morning, dragging the Footsie higher. Of all the companies in the mining sector, Xstrata and Glencore are likely to be closely watched ahead of the deadline on Monday relating t
Read moreTanfield slumps on IPO cancellation
21st Sep 2012 08:33
Shares in Tanfield, a global manufacturer of Powered Access equipment and an investor in Smith Electric Vehicles, announced that on Thursday Smith decided not to pursue its planned initial public offering (IPO) after the valuation size proved too small. "We received significant interest from poten
Read moreXP Power Chairman keeps the faith
23rd Jul 2012 16:32
James Peters, the Deputy Chairman of XP Power, which makes power control components for the electronics industry, underlined his support of the company with the purchase of 11,000 shares on the same day the company posted declining half year revenue and profits. Peters handed over 1,010.50p per sh
Read moreTanfield raises funds to lend to US associate company
17th Jul 2012 09:08
Tanfield Group, which makes aerial work platforms, has placed shares in the market at 42p each to raise funds for a bridging loan for associate company Smith Electric Vehicles. The company raised £2m through the share placing to provide a 180-day loan to Smith Electric Vehicles, in which it has a 2
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