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Michael Press has raised £1.4m from selling shares in oil services provider Petrofac ahead of the proposed demerger of its oil and gas assets. Press is the senior independent non-executive director on the board of Petrofac. He sold 120,000 shares at 1173.65p each. He retains 120,000 shares. This i
Read moreIS Pharma, the speciality pharmaceutical company, has bought the exclusive rights for Episil, an oral pain-relief spray, in a number of major European territories. Episil, developed by privately owned Swedish life science company Camurus, is used for local treatment of pain associated with oral muc
Read moreFire service equipment outsourcer Assetco's profits fell to £5.4m in the six months to September from £6.5m, though its underlying half year performance was significantly ahead of the comparable period. The core Integrated Support Services business delivered a 25% increase in profit to £3.9m as a r
Read moreShares in AssetCo rallied after the support services firm announced a 10-year joint venture deal with the Abu Dhabi Government for the development and operation of a new Education and Training Facility. The JV will develop and manage a 100-acre multi-agency emergency services training centre. Chie
Read moreSupport services company AssetCo said trading has remained strong and it is confident its financial performance would remain in line with expectations. AssetCo, which provides vehicles and equipment to security and emergency services, said it was 'pleased with the continued positive progress being
Read moreCybit, which provides vehicle and maritime tracking systems, has had its contract with Fowler Welch, part of Dart Group plc, extended for another five years. The firm will deploy Fleetstar Online across the Fowler Welch trailer fleet as part of a contract valued at about £1m in revenues, to be reco
Read moreIntegrated support services provider AssetCo has won a contract from the Foreign and Commonwealth Office. The three-year contract, worth £2.8m, is to provide 230 mail room and 30 conveyor scanners. AssetCo will install the equipment and provide training to British Embassies and Consulates in 144 c
Read moreSupport services company AssetCo hailed record full-year results and said trading in the first two months of the current financial year has been in line with expectations. Revenue in the year to 31 March 2009 rose to £79.7m from £64.6m the year before, while profit before tax climbed to £11.3m from
Read moreSupport services group AssetCo said its full-year results are expected to be at the lower end of market expectations. The company said its order book has been maintained at £600m and it continues to have a high degree of earnings visibility, thanks to its long term integrated service contracts, whi
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