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ATCTue, 18th Jan 2011 16:39
Surveillance and security technology supplier Quadnetics Group has acquired battlefield technology specialist Persides Technology for £260,000. The acquisition of Persides, an existing partner to Quadnetics' defence business, is expected to enable the group to retain greater margins on sales of it
Read moreInternational Ferro Metals increased its sales of ferrochrome by 87% to 190,432 tonnes in the year to June 2010. Revenues grew from Rand782,000 to Rand1.43m. IFM returned to profit in the second half but lost Rand157,000 in the year to June 2010, down from a Rand456,000 loss the year before. A ne
Read moreOpen cast coal miner Atlantic Coal has signed a memorandum of understanding (MoU) with private US coal marketing company Xcoal Energy and Resources. Under the terms of the agreement Xcoal will take 150,000 tons of premium anthracite per year or half of the annual anthracite coal production at Atla
Read moreDrug developer Syntopix shares rallied as it reported positive phase 2 results for its lead dermatological compound SYN0126, for the treatment of acneic skin. Following the results, Syntopix has decided to focus its development efforts around three specific core compounds: SYN0126, SYN1113 and SYN
Read moreSouth African mining company Strategic Natural Resources has notched up its first revenues, raking in £72,000 in the six months to 31 August 2009. It posted a pre-tax loss, however, of £0.14m, after making a pre-tax profit of £4.12m a year earlier when the company banked a £4.31m gain on the sale
Read moreMining stocks fall back, including Rio Tinto, which was accused by China of overcharging the country's iron mills by over $100bn over the past six years. The allegations were published by the National Administration for the Protection of State Secrets, which claimed Rio Tinto had spied on Chinese s
Read moreSpeciality chemical company Zirax said it has won the contract to supply 20,000 metric tonnes of calcium chloride based de-icers to Moscow City Council for its 2009/10 winter season. This particular contract, worth $4.0m, is principally comprised of Zirax's de-icing product IceMelt. It means Zirax
Read moreBG is regarded as a perennial bid target, but it is the growth prospects of the group in Australian LNG, its assets in offshore Brazil and now US shale gas that are the real reasons to own the shares. The shares are trading on a December 2009 earnings multiple of 14.3 times, falling to 12.6 in 201
Read moreDisplay advertising and screens provider Mediazest's pre-tax profits slide in the year as administrative expenses were too high, prompting the firm to undertake further cost cutting measures. The group also said first half of 2009 has seen a drop in activity as a consequence of the economic downt
Read moreFalklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of
Read moreElectronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect. The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcemen
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