Small caps round-up: Netcall, @UK, Belgravium ...
20th Feb 2012 09:35
Details of the UK government's G-Cloud framework agreement are out and companies that have been picked as approved suppliers have lost little time in announcing the fact. The G-Cloud is a UK government initiative designed to bring together a collective resource of cloud-based information technology
Read moreTanfield raises funds so it can meet increased demand
13th Feb 2012 09:34
Aerial work platforms maker Tanfield has raised funds through a placing to remove bottlenecks in its supply chain and to speed its expected return to profitability. The company has conditionally raised £12m through the issue of 29.3m shares at 41p each, 4.875p below the mid-market closing price on
Read moreSmall caps round-up: Monitise, YouGov, 1pm ...
9th Feb 2012 11:07
Monitise has announced a collaboration with Visa, in which Visa DPS will use Monitse's mobile services. The services allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transactio
Read moreTanfield jumps on Smith Electric IPO
10th Nov 2011 16:33
Tanfield, the AIM-listed aerial work platform maker, roared higher on Thursday afternoon after it was announced that US firm Smith Electric Vehicles Corp - in which it holds a 27.22% stake - has filed for a $125m initial public offering (IPO) on Wall Street. In a brief statement, Tanfield flagged S
Read moreTanfield sees 2011 as a transition year
5th Apr 2011 10:40
Tanfield Group, the leading manufacturer of aerial work platforms, lost altitude after it promised nothing more than moving closer to break even in 2011. Its turnover in 2010 rose 0.9% to £43.5m, while its operating margin improved to 29%, from 26% previously. Despite the above, it suffered an oper
Read moreTanfield slows cash outflow
1st Feb 2011 16:12
Aerial work platforms manufacturer Tanfield says that second half trading was similar to the trading in the first half of 2010. The cash outflow appears to have slowed and Tanfield had £3.6m in the bank at the end of 2010. An open offer raised £1.8m last autumn. AIM-quoted Tanfield completed the
Read moreLondon close: Footsie shrugs off spending cuts
20th Oct 2010 16:51
A strong performance on Wall Street breathed life back into Footsie after the leading share index suffered a weak spell following the Compehensive Spending Review (CSR). One sector to give the CSR the thumbs up was bus companies such as Stagecoach, Go-Ahead, FirstGroup and National Express. The sub
Read moreLondon afternoon: Shares drift lower
20th Oct 2010 14:21
Shares turned south over the lunchtime session though it is difficult to ascribe any of the losses to the impact of the Comprehensive Spending Review, much of which was widely as expected. Mining stocks are doing their bit to counteract the effects of Footsie stalwarts BAE Systems, Smiths Group and
Read moreTanfield receives $1m for merger exclusivity
20th Oct 2010 10:42
Commercial electric vehicles manufacturer Tanfield says that its US associate company Smith Electric Vehicles US (SEV US) has paid $1m in return for an exclusivity period of 60 days to complete its merger with the UK-based Smith Electric Vehicles. Heads of Terms were agreed in August and Kansas Cit
Read moreTanfield rejects Liberty approach
18th Oct 2010 14:28
Tanfield directors have rejected a proposal from UK-based Liberty Electric Cars to combine their businesses and Liberty is appealing directly to the commercial electric vehicles manufacturer's shareholders. Liberty initially proposes a share swap which would give it a majority interest in Tanfiel
Read moreTanfield buying boosts shares
4th Oct 2010 16:54
Two directors of commercial electric vehicles manufacturer Tanfield have added to their holdings and sparked a jump in the share price. The shares have risen by one-third to 19.75p each. AIM-quoted Tanfield raised £1.8m after expenses from a recent open offer to shareholders at 10p a share but thi
Read moreSmall caps round-up: Renewable Power & Light, Brammer, CPL Resources ...
9th Jul 2010 15:42
It's still a mess at green energy producer Renewable Power & Light (RPL), with new management working hard to sort out a "Buggers Muddle!" that caused the business to collapse with losses of $90m. More than $3.5m has been spent on litigation against the company's former chief executive, which resul
Read moreUK SMALLCAP ROUNDUP: Bodycote 2010 Earnings To Top Market View
9th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BODYCOTE PLC (BOY.LN), an engineer, Friday said 2010 earnings will be "significantly" ahead of market forecasts. Bodycote, which specializes in heat
Read moreUK SMALLCAP ROUNDUP: SureTrack Monitoring Plans AIM Listing
9th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SURETRACK MONITORING PLC (STMP.PM) Friday said it plans to raise about GBP1.4 million through a share placing and will list its shares on the Alternative
Read moreTanfield Talks With Smith Electric Vehicles US Continues
9th Jul 2010 08:48
LONDON (Dow Jones)--The Tanfield Group PLC (TAN.LN) said Friday it remains in talks with Smith Electric Vehicles U.S., or SEVUS, over the assets of the Smith Electric Vehicles business, adding that it has extended the exclusivity period by 60 days. On March 10 Tanfield, an electric vehicle compa
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