Torotrak outlook soured by diesel engine unpopularity
30th Jan 2017 12:35
(ShareCast News) - Emissions reduction and fuel efficiency technology developer and supplier Torotrak announced an update on the process to license its technology on Monday, as well as the strategic actions it proposes to take as a consequence. The London-listed firm had previously reported commerci
Read moreTorotrak joins off-highway drivetrain consortium
14th Sep 2016 16:30
(ShareCast News) - Developer and supplier of emissions reduction and fuel efficiency technology, Torotrak, announced the award of funding from the UK's Advanced Propulsion Centre UK on Wednesday, to work in a co-funded consortium including Turner Powertrain System and the University of Hertfordshire
Read moreTorotrak's V-Charge receives a boost
2nd Feb 2016 13:50
(ShareCast News) - Torotrak's emissions reduction technology received a boost on Tuesday, with some positive test results encouraging its development partner to commit further to the project. The AIM-traded developer and supplier of emissions reduction and fuel efficiency technology for vehicles com
Read moreWednesday tips round-up: Astra Zeneca, Torotrak
23rd Apr 2014 07:46
When a company says that it is willing to pay an over 30 per cent premium for one of its rivals, investors should sit up and take notice. Well, that's exactly what Pfizer did yesterday by offering to purchase AstraZeneca. Simply said, the British company's stock is cheap although the firm readily ad
Read moreTorotrak retreats into the red
2nd Dec 2013 08:54
- Posts half-year loss - Revenue for the period slumps - Well positioned for future opportunities Gearbox designer Torotrak posted an operating loss for the six months to end of September after it received fewer licensing revenues. The Lancashire-based group, which develops fuel-efficient gearbox
Read moreTorotrak achieves increase in annual revenue
29th May 2013 10:44
Torotrack, which manufactures transmission systems for vehicles, reported a 74 per cent rise in annual revenue to 7.5m pounds. Profit after tax for the year ended March 31st 2013 came to £0.03m, compared to a loss of £1.6m a year earlier. New Chief Executive Officer (CEO), Jeremy Deering, said the
Read moreTorotrak shares soar following licensing announcement
18th Mar 2013 10:02
Transport engineering company Torotrak has concluded negotiations with Allison Transmission under which Allison will pay six million pounds for continued exclusivity to manufacture and sell Torotrak main drive transmissions in commercial vehicle market segments. Torotrak reported that the exclusivi
Read moreTorotrak gets boost from government-funded low-carbon initiative
18th Feb 2013 13:11
Shares in Torotrak jumped by 5.16 per cent shortly after the company announced a joint manufacturing initiative with Tata Steel, Mira and Productiv. The UK government will be funding the project, which Torotrak will be entering into alongside key players in the low-carbon technology market. The pa
Read moreTorotrak acquires Motorsport Components for 175,000 pounds
15th Feb 2013 08:05
Leyland-based Torotrak, which makes energy conserving vehicle transission systems has acquired the business and assets of Motorsport Components, giving the group high-precision manufacturing capability for components that do not require advanced surface enginereeing. In an interim management state
Read moreDiageo CEO reduces stake further
22nd Nov 2012 16:17
The Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has sold another slice of his stake in the company, reducing his holding to 729,582 shares. Paul Walsh, who was appointed to the role of CEO in 2000, traded in 20,000 shares for 1,850.00p each, worth a total of £370,000. The trans
Read moreTorotrak's Chief Executive leaves for government post
31st Aug 2012 09:35
Torotrak, which makes energy conserving vehicle transmission systems, is saying goodbye to its long serving Chief Executive, Dick Elsy. Elsy, who has run the firm for 10 years has been appointed as the Chief Executive of a government initiative known as the "High Value Manufacturing Catapult". He
Read moreSector movers: GKN lifts auto stocks after Volvo Aero purchase
5th Jul 2012 16:15
Engineering group GKN provided a boost to the automobiles and parts sector on Thursday after firm announced that it had agreed to acquire Volvo Aero. The group raised £140m this afternoon after completing a placing of 70m shares, with the funds going towards the £633m purchase of the aero engine di
Read moreTorotrak not on track
29th May 2012 11:29
Torotrak, the transmissions systems developer for the automobile industry, has announced a sharp drop in revenue but reduced its losses. Revenue in the 12 months to the end of March was £4.3m, compared to £5.1m in the previous year. The loss after tax reduced from £3.1m in 2010/2011 to £1.6m while
Read moreAMEC non-exec doubles stake
2nd Jun 2011 14:29
Colin Day, a non-executive director at AMEC, has doubled his holding in the FTSE 100-listed engineering and project management company. He bought 10,000 shares at 1,140p a time, paying a total of £114,000 and taking his holding to 20,000. Day, who joined the board of Amec last year, is the chief
Read moreTwo Petropavlovsk directors up their stakes
27th May 2011 16:47
The chairman and chief executive of Russia-focused FTSE 250 miner Petropavlovsk each topped up their stakes in the firm after VMHY Holdings - a company in which they together have a 50% holding - bought shares. As a result of the transaction, they each received 105,000 ordinary shares (representing
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