Carclo Share News (CAR)

Carclo shares up as eyes annual performance ahead of expectations

(Alliance News) - Carclo PLC on Friday said its full-year performance exceeded its expectations as it saw an improvement in trading in the second half of its financial year.

IN BRIEF: Carclo down after "strategic" closure of Tucson facility

Carlco PLC - Ossett, England-based provider of technical components for use in manufacturing - Announces the "strategic closure" of its manufacturing facility in Tucson, Arizona. Carclo says that the decision represents the culmination of its US restructuring efforts, through which it is attempting to optimise its "operational footprint". The majority of manufacturing volumes from the Tucson site will be relocated to Carclo's facility in Pennsylvania, a move which the company says will "consolidate our technical and manufacturing expertise", while bringing production closer to its customer bases.

SMALL-CAP WINNERS & LOSERS: Bloomsbury Publishing jumps to record high

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Plastics firm Carclo warns of tough times ahead as swings to loss

(Alliance News) - Carclo PLC on Thursday said it anticipates "tough" market conditions in engineering will continue, as it reported a swing to half-year loss.

SMALL-CAP WINNERS & LOSERS: Carclo warns of tricky trading conditions

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Carclo to close facility, Empire progresses drilling

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

Abingdon Health appoints Feather as new interim finance director

(Alliance News)- Abingdon Health PLC on Tuesday named Andrew Feather as its new interim finance director.

IN BRIEF: Carclo says design & engineering sales exceeding forecasts

Carclo PLC - West Yorkshire, England-based engineering solutions provider - Updates on trading. Says sales at its CTP design & engineering business have exceeded expectations year to date, while the order book remains robust. In the CTP US manufacturing solutions business, a tight labour market has posed operational challenges across all of US facilities. "While the initiation of a significant project with a major customer has seen some delays, and we've observed a softer demand in the early part of the year due to destocking at our customers, we remain optimistic about the future trajectory," company says. The CTP EMEA manufacturing solutions business has emerged stronger post-restructuring with the results are evident in an enhanced operational performance. The Aerospace division is experiencing a notable resurgence, with indicators showing the market is rebounding to its pre-Covid levels. Financially, the focus on cash conversion and margin improvement, rather than just sales growth, is beginning to reflect positively on the balance sheet, Carclo notes.

IN BRIEF: Carclo CFO resigns, former Spirent CEO promoted to replace

Carclo PLC - Ossett, England-based supplier of technical plastics products - Chief Financial Officer & Company Secretary David Bedford has resigned effective today. Former Non-Executive Director Eric Hutchinson is promoted to CFO and to company secretary, effective immediately. Hutchinson served as CFO at Spirent Communications PLC for 13 years, then as chief executive officer for six years, before retiring in 2020. He joined Carclo as a non-executive director in January 2021, and was appointed chair of the audit & risk committee two months later. Non-Executive Director Rachel Amey replaces Hutchinson as chair of the audit & risk committee, also with immediate effect.

SMALL-CAP WINNERS & LOSERS: Restaurant Group's Wagamama shines

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

IN BRIEF: Carclo formally signs agreement amending banking covenants

Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Formally signs agreement with its lending bank to amend its banking covenants, that was previously announced on June 23. Carclo says that this was an ongoing concern following preliminary annual report, that it had not yet formally signed this agreement. The directors believe that following the formal signing of the revised covenant agreement, that this uncertainty is removed.

Carclo swings to annual loss on exceptional costs but revenue grows

(Alliance News) - Carclo PLC on Wednesday said its "strategic transformation" is already showing early signs of progress after reporting an annual loss.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Carclo reaches new agreement with lending bank

Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Reaches agreement with its unnamed "lending bank" to amend the interest cover and net leverage covenants for the testing periods from June 2023 through to the maturity of the current facility in June 2025. Says the agreement remains subject to legal formalities which are expected to be concluded over "the coming weeks."