Carrs Group Share News (CARR)

IN BRIEF: Carr's Group sells engineering units for GBP75 million

Carr's Group PLC - Carlisle, England-based agricultural and engineering products manufacturer - Announces the sale of its engineering division, through its interests in Carr's Engineering Ltd and Carr's Engineering Inc, to Cadre Holdings Inc. Says the cash consideration represents an enterprise value of GBP75 million, and expects the deal to conclude in the first half of this year. Carr's also announces that it has started a separate sale process for precision machining subsidiary Chirton Engineering, and that it has completed the disposal of six non-core properties since August 31. The disposals have generated approximately GBP4.0 million in proceeds, and Carr's expects to complete two remaining sales in the second half. Carr's intends to return GBP70 million via a tender offer, with any remaining proceeds expected to be used for general corporate purposes. On completion, Carr's will be in a net cash position.

UK dividends calendar - next 7 days

SMALL-CAP WINNERS & LOSERS: CAB Payments to cut headcount

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

Carr's Group to sell engineering division to Cadre for £75m

(Sharecast News) - Carr's Group said on Thursday that it has agreed to sell its engineering division to US-based Cadre for £75m and plans to return up to £70m of the proceeds to shareholders.

EARNINGS AND TRADING: De La Rue loss narrows; Dewhurst profit climbs

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

SMALL-CAP WINNERS & LOSERS: Henry Boot says Hallam arm "on track"

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

Carr's Group confident after year of transition

(Sharecast News) - Carr's Group reported a 2.7% improvement in like-for-like revenue in its full-year results on Thursday, to £148m, driven by an 18.8% rise in the engineering division offset by a 6% decline in the agriculture division.

Centaur Media appoints new chair as eyes Ebitda fall in 2024

(Alliance News) - Centaur Media PLC on Thursday said it continues to review its market plans and maintain a focus on robust cost management, as it anticipates a decline in earnings before interest, tax, depreciation and amortisation for 2024.

IN BRIEF: Carr's expects full-year results in line with expectations

Carr's Group PLC - Carlisle, England-based agriculture and engineering company - Says trading for the year ended August 31 is broadly in line with expectations, and that it closed with net cash of GBP4.5 million, up 7.1% from GBP4.2 million last year. It says its exploration of options to maximise shareholder value for its engineering division is proceeding "satisfactorily", the integration of its agriculture division businesses under a single management team has been completed, and cost reduction efforts are progressing as planned. Carr's is also exploring the removal of risk of future pension scheme volatility.

Carr's trading in line as restructuring works continue

(Sharecast News) - Agriculture and engineering group Carr's has announced that its performance over the most recent fiscal year has met expectations as the company continues to explore options for its engineering division.

SMALL-CAP WINNERS & LOSERS: Martson's sells stake in Carlsberg JV

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

UK dividends calendar - next 7 days

Director dealings: Carr's Group director makes share purchase

(Sharecast News) - Carr's Group revealed on Tuesday that senior independent director Gillian Watson had acquired 37,254 shares in the London-listed agriculture and engineering company.

UK dividends calendar - next 7 days

Carr's prepares for strategic transformation as profit slumps

(Alliance News) - Carr's Group PLC on Thursday said opportunities for its Engineering division are being explored as part of an ongoing strategic review.