Swann raises £1.6m from WH Smith sale
17th Feb 2011 16:42
Kate Swann, the boss of WH Smith has raised more than £1.6m from selling shares in the retailer. Swann sold shares in November and the latest sale means that she has raised nearly £3m in three months. On 16 February, Swann sold 345,846 shares at 476.09p each. That raised £1.65m. In November, the
Read moreVolex margins hit by commodity prices
16th Feb 2011 12:56
All divisions at power cords supplier Volex have seen a strong growth in revenue, but margins continue to be affected by rising copper prices. Group revenue for the three months to 2 January grew 37% to £79.1m, with both businesses in the larger Consumer and Telecom/Datacom sectors seeing a 28% inc
Read moreVolex finance boss increases stake
7th Dec 2010 17:44
Andrew Cherry, finance director of Volex Group, has purchased 600,000 ordinary shares at 25p each for a total of £150,000. Cherry has been in the position at the power cords and cable assemblies supplier since February 2009. He was previously held a number of financial executive positions at compa
Read moreRecovery continues for Volex
2nd Nov 2010 12:03
Power cords and cable assemblies supplier Volex has managed to increase sales without increasing its fixed costs and that has enabled it to quadruple interim profit. Revenues jumped 43% to £157m in the six months to 3 October 2010, while pre-tax profit soared from £1.7m to £7m. Part of that improv
Read moreSmall caps round-up: Volex, Horizonte Minerals, Mountfield...
27th Jul 2010 10:58
Power products specialist Volex said it is confident it will meet or exceed full-year guidance for the 12 months to 3 April 2011 after trading momentum established during the last financial year continued. Horizonte Minerals shares returned from suspension today after the company agreed to pay Tec
Read moreVolex 1Q Operating Profit, Revenue Up, To Meet Or Exceed FY Guidance
27th Jul 2010 07:35
LONDON (Dow Jones)--Volex Group PLC (VLX.LN), the global electrical and electronic cable assemblies group, Tuesday reported a 33% rise in first quarter fiscal 2011 operating profit on revenue 39% higher at GBP75 million and said it is comfortable to will meet or exceed the previous full year guidanc
Read moreSmall caps round-up: Acal, Ashmore Global, DDD
19th Apr 2010 13:46
Components distributor Acal's second half profit will be ahead of market forecasts as sales in its electronics arm beat forecasts. Since February, the electronics division, which accounts for around three quarters of group revenues, has seen a continued improvement in trading. At 31 March 2010 the
Read moreC&W Worldwide boss adds to holding
29th Mar 2010 16:31
Chief executive Jim Marsh has been buying shares in Cable & Wireless Worldwide following its demerger from Cable & Wireless Communications last week. He bought 43,500 shares at 94.27p each on Friday and 203,000 at 91.8p each on Monday. The total investment was just over £227,000. Marsh owns 651,
Read moreLondon close: Footsie finishes below 5,500
12th Jan 2010 17:17
Equities staged a rally in the afternoon session but it was not enough to push the Footsie back into the black, largely because of weak miners, which took fright at moves by the Chinese central bank to cool down the economy by increasing the reserves ratio for Chinese commercial banks. Fresnillo, L
Read moreLondon afternoon: Chinese banking move sparks selling
12th Jan 2010 14:47
News that China has raised the reserve requirements for its banks in an attempt to choke growth in the economy has spooked global markets, including London. The prospect of China slowing down economic expansion does not sit well with miners such as Fresnillo, Lonmin, Kazakhmys, Vedanta and Xstrata,
Read moreLondon midday: Retreat picks up pace
12th Jan 2010 12:11
The market's retreat is picking up pace, as the losses suffered by miners lengthen in the wake of disappointing results from Alcoa, the US aluminium producer. Alcoa, which kicked off the fourth quarter earnings reporting season in the US, declared a slightly worse than expected loss from continuing
Read moreVolex powers forward
12th Jan 2010 10:35
Shares in power products group Volex were on a charge Tuesday morning after the company said it may meet or beat expectations for the trading year to 4 April. Volex said revenues in the three months to 3 January had continued the upward trend seen in the preceding quarter, albeit only to a modest d
Read moreCompany comment: Cost cutting helps Volex
3rd Nov 2009 16:14
Cost cutting and selling an increasing amount of higher margin products has enabled Volex to improve profitability at a time when revenues are declining. There is only so much that the electrical and electronic assemblies supplier can do for itself and it needs businesses to start investing more bef
Read moreSmall caps round-up: Printing.com, Medgenics, Dunelm...
7th Oct 2009 08:18
Printing.com, which prints greetings cards, leaflets, flyers and other items, saw an upturn in trading in September though this was below the level of that of the same month the previous year. AIM listed Medgenics has raised £0.265m through a placing of common shares at 6p each. The company, which
Read moreVolex still powering on
1st Jun 2009 07:40
Strong sales of power cords and cables helped the power products group Volex post a sharp rise in revenues and profits in the year to 5 April. Revenues from continuing operations climbed by 19% from the same period the previous year to £265.1m, with power product sales rising 11% to £150.7m and int
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