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UK engineering group Corac Group has secured a contract extension to supply air purification equipment to an overseas submarine programme. The company, which serves oil and gas, defence and industrial markets, said its subsidiary Atmosphere Control International (ACI) will make the delivery during
Read moreAIM-listed technology-led engineering group Corac has published a trading update for the year end, indicating that its financial results are likely to exceed board expectations. The group, which serves the oil, gas and defence markets, reported that its financial performance would be "ahead of mark
Read moreShares of engineering technology company Corac surged on Tuesday after it confirmed its Atmosphere Control International (ACI) unit has signed a multi-million pound contract with French naval shipbuilder and submarine supplier DCNS. Corac said its unit has finalised contractual discussions with DCN
Read moreShares in Origo Partners hit a 52-week low after the Beijing-based private equity investment firm announced a first half investment loss, pushing it into the red at the interim stage. Having enjoyed investment income of $23.6m in the first half of this year, the group suffered an investment loss of
Read moreCorac, the engineering technology company, has risen sharply in morning trading after revealing reduced losses and emphasising the potential of its recent purchase of Wellman Hunt Graham and Wellman Defence. A new design for a modular compression system also appears to have boosted hopes for the fir
Read moreCorac, the maker of compressors used for natural gas extraction and plastic bottle blowing, saw losses narrow in the half year to 30 June as it received more technology development fees from partners. Pre-tax losses totalled £2.35m, against a deficit of £2.76m the previous year, on revenues that r
Read moreThe chairman and co-founder of Bankers Petroleum, Robert Cross, has sold half a million shares in the company for a whopping £2.75m. The Canada-based oil and gas group reported Monday that Cross sold 500,000 common shares for 549.69p each on 14 April. Last month, Bankers reported a 97% surge in oi
Read moreThe chief executive of investment company Brainspark, Alfredo Villa, has spent £112,500 on shares in the company. He took 31,000 shares, paying 34.5p a share. Following the acquisition and the conversion of some other shares awarded to Villa into ordinary shares, he now has about 5.3m ordinary shar
Read moreAIM-quoted Corac has signed a Memorandum of Understanding with a major player in the compressed air industry, which wants to develop Corac's no oil compressor technology for market niches. These niches include water treatment, pneumatic conveying and the boosting of existing compressors. The whole
Read moreShares in Active Energy rose by a tenth Tuesday after the group announced that new contract wins in January will generate revenues in excess of £400,000 for 2011. One significant contract has been secured with the National Physical Laboratory, run by Serco on behalf of the Department for Business,
Read moreCorac admits that its two-week test programme for its downhole gas compressor system was not a complete success. The tests were carried out with ENI at the company's methane test facility at Spadeadam in Cumbria. Corac says the tests were impacted by the cold weather and did not achieve the intend
Read moreShares in compressed air technology developer Corac have lost more than one-quarter of their value after the company admitted that it wants to raise £20m. Corac would raise around £15m from a placing at 15p a share and give existing shareholders the chance to participate in an open offer raising a
Read moreXP Power said the evolution of the group to an own brand/own manufactured business model is driving a significant improvement in performance, as control over the manufacturing process delivers both higher margins and more rapid customer response times. Group revenues in the three months to 30 June
Read moreLONDON (Dow Jones)--Corac Group PLC (CRA.LN), an Industrial Air Compression company, in the Oil and Gas industry, announced Monday that Phil Cartmell will combine the roles of Chief Executive Officer and Chairman and is appointed Executive Chairman with immediate effect. MAIN FACTS: -Corac c
Read moreFaroe Petroleum's finance director Iain Lanaghan bought shares prior to them going ex-rights. The oil and gas explorer and producer is raising £69.8m via a two-for-three rights issue at 100p a share. Faroe will receive £65.1m after expenses and this will take its net cash to nearly £90m. Lanagh
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