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Mon, 13th Jun 2011 12:15
AssetCo's major shareholders are rallying round the cash-strapped outsourced fire services provider, ready to chip in with money to boost working capital. Earlier this week the company said that some of its creditors reacted to news that the company is raising fresh funds through a placing by deman
Read moreLondon closed near to its low for the day as a decline on Wall Street dragged the market lower later in the day and there were concerns about the possible effects of the Japanese earthquake on financial markets and global economies. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick o
Read moreCash-strapped outsourced fire services provider AssetCo has rejected an "opportunistic" approach from a third party interested in taking over the company. In response to press speculation the company confirmed that talks have been taking place with the third party on an intermittent basis for sever
Read moreJapan's giant car industry has announced a major shutdown as fears grow over the economic impact of Friday's devastating earthquake and subsequent tsunami which has crippled much of the north-east of the country. The three largest motor manufacturers - Toyota, Honda and Nissan - said they would sto
Read moreAIM-quoted outsourced fire services provider AssetCo is trying to raise up to £8m from existing and new shareholders in order to provide the short-term funding it desperately needs. AssetCo believes that the financial problems should be temporary. It ran into trouble when the refinancing of non-re
Read moreAssetCo, the outsourced fire services provider, has ended talks with a potential bidder so it can focus on short term funding issues. The firm, which has contracts with the London Fire Brigade and their colleagues in Lincolnshire, has been struggling to restructure its non recourse asset financing
Read moreOutsourced fire services provider AssetCo has lost all of last week's gain on the back of a potential bid after it admitted that talks with its lenders are taking longer than hoped. AIM-quoted AssetCo has been trying to restructure its non recourse asset financing and associated short-term debt. T
Read moreOutsourced fire services provider AssetCo has confirmed that it is in talks with a potential bidder. Shares in AssetCo jumped 8p to 59.5p when trading commenced this morning. That is still little more than one-third of the peak share price in 2007. However, AIM-quoted AssetCo says that it is not
Read moreShares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as
Read moreOutsourced fire and rescue services provider AssetCo says that its contract in the UAE will start to generate revenues in the second half of its financial year. Revenue grew 4% to £17.1m in the six months to September 2010. The underlying growth was even stronger. Excluding an unrealised £791,000
Read moreAt the weekend Premier Foods confirmed reports that it had received approaches to buy Quorn and the other component of its meat-free division, Cauldron. Pretty much everything in the Premier portfolio is up for grabs; in the board's words, it is "open-minded" about disposals. Speculation has centre
Read moreDow 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 WIN PLC (WNN.LN), a mobile entertainment and information company, Friday said it is recommending that shareholders back a cash offer from IMImobile valui
Read moreDow 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 MAPLE ENERGY PLC (MPLE.LN), a Peru-focused energy company, Friday reported a wider full-year loss after a slump in the oil price hit revenue, and said it
Read moreFire and rescue services business AssetCo said all of its forecast revenue for fiscal 2011 is already in the bag as it celebrated record figures for fiscal 2010. Profit before tax from continuing operations leapt from £1.3m the year before to £12.1m in the year to 31 March 2010. Earnings before in
Read moreLONDON (Dow Jones)--AssetCo PLC (ASTO.LN), an international fire and rescue services group, Friday reported full year profit before tax from continuing operations of GBP12.1 million, compared with GBP1.3 million the previous year. MAIN FACTS: -Revenue for the year ended March 31 GBP45.2 mill
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