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UK SMALLCAP ROUNDUP: Halma Returns To Acquisition Trail

Tue, 22nd Jun 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 HALMA PLC (HLMA.LN) Tuesday said it is back on the acquisition trail after sales growth in Asia and savings from layoffs drove a 12% rise in fiscal-year profit. Halma, which makes sensors, fire alarms and components for medical devices, said revenue in China rose 59% on the year during the fiscal year to the beginning of April to GBP18 million. Chief Executive Andrew Williams said demand is being driven by the country's economic growth, the expansion of its healthcare system and its investment in infrastructure. At 0754 GMT, shares +0.3 pence, or 0.1%, at 271.3 pence. XCHANGING PLC (XCH.LN), a business outsourcing company, said it plans to enter the Italian market after it signed a letter of intent to form an enterprise partnership with SIA-SSB, a European provider of financial and payment systems services. Chief Executive David Andrews said the partnership is a "logical step" in Xchanging's growth strategy in the financial services market in continental Europe. At 0755 GMT, shares +0.7 pence, or 0.3%, at 212.1 pence. KRYSO RESOURCES PLC (KYS.LN), a gold and base metals explorer, said it agreed to enter exclusive talks with a major Chinese mining company about a potential investment. At 0755 GMT, shares +0.25 pence, or 1.8%, at 14.25 pence. ARDEN PARTNERS PLC (ARDN.LN) reported an "encouraging" first half, with revenue increasing 41% and the pretax loss narrowing slightly, and said it was well placed for growth and profitability from both the U.K. and Indian markets. For the six months ended April 30 the stockbrokers posted a pretax loss of GBP240,000 compared with a pretax loss of GBP278,000 in the same period a year earlier. At 0755 GMT, shares flat at 88.5 pence. MOLINS PLC (MLIN.LN) lowered its earnings expectations for 2010 due to weak orders and extra costs. Molins, which makes machines used to package food and other consumer goods, as well as special machines used by the tobacco industry to make cigarettes, added it expects to restructure. At 0756 GMT, shares -9.5 pence, or 17%, at 47.5 pence. SUPERGROUP PLC (SGP.LN), a fashion retailer, said it is bringing the online outlet for Superdry seconds in-house and named its new head of e-commerce as it looks to maximize its Internet sales and drive profitability. The firm, owner of the Superdry fashion label, said 888 Clothing has been selling Superdry products categorized by Supergroup as seconds online since September, and revenue has been increasing. At 0756 GMT, shares +1.5 pence, or 0.2%, at 675 pence. RM PLC (RM.LN), a U.K. provider of educational products and services, said it has received two contracts to provide information technology and Internet services to schools. The company said it has been chosen to provide managed information technology services for the London Borough of Barking and Dagenham's Building Schools for the Future program in a contract expected to be worth up to GBP44 million over eight years. At 0756 GMT, shares flat at 164 pence. TEG GROUP PLC (TEG.LN) said it has received a a contract to process food and garden waste from Scotland's Fife Council. TEG, which makes silo cage systems that convert waste into compost, said it will earn between GBP700,000 and GBP900,000 over the contract's three-year term. At 0757 GMT, shares +0.5 pence, or 1.3%, at 40 pence. DJ UK Smaller Cos -0.1% AIM -0.2% -By Rachael Gormley, Jason Douglas & Hannah Benjamin, Dow Jones Newswires; +44 (0) 20 7842 9272; uksmallcaps@dowjones.com (END) Dow Jones Newswires June 22, 2010 04:30 ET (08:30 GMT)
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6 Oct 2010 15:52

Arden boss departs

Jeremy Grime has left broker Arden Partners less than one month after he gained regulatory approval to take up the position of chief executive after a rumoured disagreement with the board over a potential acquisition. Grime was appointed chief executive designate on 22 June. Grime joined AIM-quot

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10 Sep 2010 07:53

Arden warns of results miss

Arden Partners has slumped again Friday after the stockbroker warned it is "unlikely" to meet market expectations for the year ended 31 October. The equities business has been "challenging" since the firm's trading statement at the end of June and the corporate finance pipeline remains satisfactory

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22 Jun 2010 16:00

UK SMALLCAP ROUNDUP: UK Govt To Launch GBP37.5M Growth Fund

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 THE U.K. government announced Tuesday in its emergency budget it will launch an Enterprise Capital Fund to support fast-growing small businesses. The

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22 Jun 2010 12:30

UK SMALLCAP ROUNDUP: Easydate Fancies GBP10M IPO Raising

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 EASYDATE PLC, an Edinburgh-based internet-dating company, Tuesday said it plans to raise GBP10 million when it lists on London's Alternative Investment M

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22 Jun 2010 11:44

UPDATE: Arden Partners Eyes Indian Promise As CEO Steps Down

(Adds executive comments, analyst comments and share price.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Stockbrokers Arden Partners PLC (ARDN.LN) Tuesday increased its focus on the burgeoning Indian market, as Chief Executive Officer Jonathan Keeling announced plans to b

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22 Jun 2010 07:22

Arden Partners 1H "Encouraging", Revenue Up 41%

LONDON (Dow Jones)--Stockbrokers Arden Partners PLC (ARDN.LN) Tuesday reported an "encouraging" first half, with revenue increasing 41% and the pretax loss narrowing slightly, and said it was well placed for growth and profitability from both the U.K. and Indian markets. For the six months ended

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25 Mar 2010 17:36

Small Caps round-up: Digital Barriers, Northbridge Industrial, Nanoco..........

AIM shell company Digital Barriers has made its first acquisition since joining AIM three weeks ago. The shell will pay up to £2.5m for Security Applications Ltd, which supplies thermal imaging equipment for perimeter surveillance. This is the first step in Digital Barriers' strategy to provide pr

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