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City Financial Drops Entire 13% Cradle Arc Stake After Deal (ALLISS)

Thu, 04th Oct 2018 11:48

LONDON (Alliance News) - Cradle Arc PLC on Thursday said City Financial Investment Company Ltd, acting as investment manager for City Financial Absolute Equity Fund, dropped its stake in the mining company.

City Financial now has no shares in Cradle Arc following Tuesday's deal, having previously held 13%.

Shares in Cradle Arc were up 16% at 1.07 pence on Thursday.

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2 Sep 2014 15:17

Corac wins £0.9m heat exchanger order

Corac Group's thermal technologies subsidiary has received an order of £0.9m for six heat exchanger units from an unnamed international engineering firm. The project is part of a five-year improvement programme and will replace exchangers to a UK downstream facility by 2015. HHT, a heat exchanger

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5 Aug 2014 10:07

Corac Says First-Half Trading Encouraging And Order Book "Robust"

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14 May 2014 10:33

Corac Group Shares Up As Order Book Rises In First Few Months Of 2014

LONDON (Alliance News) - Corac Group PLC Wednesday said trading has been encouraging so far in 2014, with its order book up 15% since the end of last year and its financial performance and cash position in line with expectations. In a statement issued alongside its annual general meeting, t

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2 May 2014 11:33

DIRECTOR DEALINGS: Corac Non-Executive Transfers 100,000 Shares

LONDON (Alliance News) - Corac Group PLC Friday said Non-Executive Director Julia Henderson transferred 100,000 shares into her ISA at a price of 8.75 pence per share. As a result, her holding in the ventilation company remains unchanged. Shares were trading at 9.05p, up 3.4%, Friday midday

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1 Apr 2014 10:59

Corac Loss Narrows As Research And Development Costs Drop

LONDON (Alliance News) - Technology and engineering group Corac Group PLC Tuesday posted a narrowed pretax loss for 2013, as it saw revenue rise and lowered its research and development costs. The company posted a pretax loss of GBP4.3 million, narrowed from GBP6.1 million, as revenue rose

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1 Apr 2014 10:15

Corac Group narrows annual losses

Technology-led engineering company Corac Group, which services the oil and gas sector, narrowed its annual losses as revenue grew. Loss before tax came to £4.3m in the year ended December 31st 2013, down from a loss of £6.1m a year earlier. Revenue increased to £19.3m from £15.3m in 2012, driven b

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