Avingtrans Share News (AVG)

UPDATE: McDowell takes sabbatical from chair of three London listings

(Alliance News) - Roger McDowell will take a sabbatical from his role of chair of three London-listed companies, they said on Monday.

IN BRIEF: Hargreaves Services, Avingtrans chair takes sabbatical

Hargreaves Services PLC - Durham, England-based land, property and infrastructure development; Avingtrans PLC - Cambridgeshire, England-based company which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors - Both companies note that Chair Roger McDowell of both companies is taking a sabbatical for "family health reasons" with immediate effect. Both say he is expected to resume his duties as chair in September, while remaining a director of both during the intervening period. Avingtrans Senior Independent Director Les Thomas will assume the position of Avingtrans interim chair with immediate effect, while Hargreaves Services Senior Independent Director Nigel Halkes similarly takes over as Hargreaves Services interim chair.

IN BRIEF: Avingtrans lifts interim dividend as revenue, profit rises

Avingtrans PLC - Cambridgeshire, England-based company which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors - Reports revenue of GBP50.0 million for the six months ended on November 30, up 12% from GBP44.5 million a year before. Pretax profit is up 3.1% to GBP3.3 million from GBP3.2 million, while adjusted pretax profit amounts to GBP4.0 million, up 5.3% from GBP3.8 million the year before. Adjusted earnings before interest, tax, depreciation and amortisation is up 11% to GBP6.4 million from GBP5.7 million. Declares an interim dividend of 1.7 pence per share, up 6.3% from 1.6p a year prior.

Avingtrans revenue rises amid supply chain disruption

(Sharecast News) - Engineering group Avingtrans reported a revenue increase to £50m for its first-half on Wednesday, compared to £44.5m for the same period in 2021.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Avingtrans says investee Adaptix appoints new chair

Avingtrans PLC - Cambridgeshire, England-based company which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors - Says investee Adaptix Ltd has appointed Willem Baralt as its new chair, succeeding Avingtrans Chief Executive Officer Steve McQuillan, who joined the Adaptix board on an interim basis December. McQuillan will continue as a non-executive director.

Avingtrans associate Adaptix receives clearance for imaging product

(Alliance News) - Avingtrans PLC on Monday said that its associate company, Adaptix Ltd, has received clearance from the US Food & Drug Administration for its first orthopaedic medical imaging product.

IN BRIEF: Avingtrans up stake in Australia's Magnetica to 74%

Avingtrans PLC - Cambridgeshire-based supplier of components to energy, medical and industrial sectors - Increases stake in Australian subsidiary Magnetica Ltd to 74% from 61% after contributing AUD6.2 million, about GBP3.5 million, toward AUD11.1 million capital raise by Magnetica. The Brisbane-based company develops orthopaedic magnetic resonance imaging technology.

Avingtrans trading in line, makes two HVAC acquisitions

(Sharecast News) - Energy, medical and industrial technology developer Avingtrans said in an update on Monday that trading in the first six months of its financial year was in line with market expectations.

TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: HeiQ increases stake in Chrisal; Safestyle names CEO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Avingtrans puts another £2m in Adaptix, appoints its CEO as chair

(Sharecast News) - Avingtrans announced on Wednesday that its chief executive officer Steve McQuillan has been appointed as the non-executive chairman of the Oxford-based emerging medical technology business Adaptix.

Avingtrans says current trading in line with market expectations

(Alliance News) - Avingtrans PLC announced on Thursday that its current trading is in line with market expectations.

Avingtrans cautiously optimistic despite order delays and disruption

(Alliance News) - Avingtrans PLC on Wednesday said it remains cautiously confident about its strategic direction in the face of widening expenses and production delays.

UK earnings, trading statements calendar - next 7 days