AMBR.L Share News (AMBR)

Catalysts developer Acta has won a deal with SPF Energy worth about €50m in total to install large-scale photovoltaic parks in Italy. The UK firm will install the equipment with through a joint venture partnership with Italian PV installer Fedi Impianti. Phase one of the contract covering three installation projects, has an aggregate value of €8.8m and is due to begin within the next two months. "We believe that our rapidly growing product revenues, together with the funds generated from the PV installation programme, will be sufficient to carry the company through to profitability in the short to medium term without the need for further external funding," said chief executive Paolo Bert.Building and engineering products group Alumasc is easier after warning that results for the year to 30 June 2010 are now likely to be below previous expectations.It blamed the very difficult winter in the Building Products division and the contraction in demand for new commercial buildings."However, the group's improving trading momentum and growing order book could still benefit the final months of the current financial year and leave Alumasc better placed as the new financial year begins," it said.Stockbroker Ambrian Capital made a £2.9m pre-tax profit in 2009 compared with a £17.6m loss the previous year as Corporate Finance & Equities revenue almost tripled to £8.95m."We have had an encouraging start to 2010 and are well positioned to benefit from continuing Chinese demand for commodities and a gradual improvement in the economies of Europe and North America," said boss Tom Gaffney.Hazardous waste management firm Augean posted an adjusted profit before tax of £1.3m for 2009, down from £4m last time, and says 2010 has started slowly.Trading was hit by adverse weather conditions during January and into February and bosses remain cautious about the short term outlook.