The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCoral Products Share News (CRU)

Share Price Information for Coral Products (CRU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 10.50
Bid: 10.00
Ask: 11.00
Change: 0.00 (0.00%)
Spread: 1.00 (10.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 10.50
CRU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK WINNERS & LOSERS SUMMARY: Coral Products Up On GBP8 Million Sale

Thu, 24th Dec 2020 10:34

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.

----------

FTSE 100 - WINNERS

----------

Lloyds Banking Group, up 4.5%, Barclays, up 3.2%, and NatWest, up 2.2%. The UK banks were higher on hopes that a UK-EU Brexit deal is imminent. Talks in Brussels were focused on the details of fishing rights but both sides have indicated a Christmas Eve deal will be announced, bringing an end to months of wrangling just a week before current trading arrangements expire.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Coral Products, up 63%. The plastics manufacturer and distributor said it has entered into a share purchase agreement for the sale of Coral Products Mouldings and Interpack to One51 ES Plastics UK for GBP7.9 million. Coral Products Mouldings is a manufacturer and distributor of plastic injection, extruded and blow moulded products, and Interpack is a food packaging distributor. Coral said it will continue to hold the freehold for the Haydock site from which Coral Products Mouldings operates and intends to enter into a 10-year lease with One51 at an annual rent of GBP300,000 with a 5-year break clause and a rent review after 5 years. Coral Products said that as part of the sale agreement, Chief Executive Michael Wood will resign from the board to join One51. Current Non-Executive Chair Joseph Grimmond will be made executive chair.

----------

Hargreaves Services, up 6.9%. The diversified industrial and property services group said it has sold its entire inventory of specialty coal to its German joint venture HMRS for GBP24 million. Hargreaves currently holds a 50% stake in HRMS but holds an 86% economic interest. Hargreaves expects the sale to provide a springboard for HMRS to establish trading relationships with major UK purchasers. Durham, England-based Hargreaves said its remaining coal stocks are now made up of heavy industrial coal, which is expected to be sold to third parties over the remainder of its current financial year ending May 31. Looking ahead, the company expects to have no coal inventory by the end of its financial year. Hargreaves also has already entered a sales agency agreement by which it will market and arrange for the sale of the coal inventory on behalf of HMRS on a commission basis.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
6 Feb 2014 13:18

UK MIDDAY BRIEFING: Stocks Rising Again, Vodafone Leads FTSE 100

LONDON (Alliance News) - The FTSE 100 is up for a second day Thursday as the rebound from the heavy losses in equity markets in the previous five days continues, with positive reports from the likes of Vodafone and Smith & Nephew helping London's blue-chip

Read more
6 Feb 2014 12:29

Coral Products Signs Plastic Box Contracts Worth GBP875,000

LONDON (Alliance News) - Plastics manufacturer Coral Products PLC Thursday said it signed a number of new contract for its containers and recycling boxes totalling worth GBP875,000. The company said its food packaging subsidiary, Interpack, won four new contracts worth GBP725,000 from four

Read more
6 Feb 2014 11:45

UK WINNERS & LOSERS: EasyJet And TUI Travel In Different Directions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

-------

FTSE 100 - WINNERS

Vodafone, up 2.9%. The telecommunications company has confirmed its ful

Read more
23 Jan 2014 11:30

DIRECTOR DEALINGS: Coral Production Director Buys 100,000 Shares

LONDON (Alliance News) - Coral Products PLC Thursday said Production Director Stuart Ferster bought 50,000 shares at a price of 11.5833 pence a share and a further 50,000 shares at 11.5p a share Wednesday. Following this transaction, Ferster holds 3.3 million shares, representing 7.97% of

Read more
15 Jan 2014 10:55

Coral Products Reaapointed Supplier By Eastern Shires Purchasing Organisation And Central Buying Consortium

LONDON (Alliance News) - Coral Products PLC Wednesday said it has been reappointed by the Eastern Shires Purchasing Organisation and the Central Buying Consortium to supply a range of products under a two year framework agreement, with the option to extend for a further two years. The recyc

Read more
15 Apr 2013 08:27

Coral issues profit warning

Shares of plastic products specialist Coral Products plunged after it warned full year results are expected to be substantially below the market's revised expectations as poor trading conditions persisted. The Merseyside based firm, which makes plastic cases for CDs and DVDs, said media sales, espe

Read more
17 Jul 2012 10:53

Small caps round-up: HaiKe Chemical, Mobile Tornado, GETECH...

HaiKe Chemical Group, a petrochemical, specialty chemical and biochemical business based in China, has purchased a minority stake in Dongying Hi-Tech Ruilin Chemical for a total consideration of RMB121m (c.12m pounds), taking HaiKe's interest in Hi-Tech Ruilin from 65.7 per centto 88.85 per cent. Hi

Read more
25 Mar 2011 18:26

BG finance director cashes in some chips

BG has been a star performer among the giant oil and gas companies, thanks to its stake in the huge oil finds being made offshore Brazil and its finance director has decided to take profits on his stake in the company. Barely a week goes by without any new discovery in the Santos basin, with BG's

Read more
2 Dec 2009 07:59

Small caps round-up: Sirius, Catalyst Media, Globus Maritime...

Sirius Petroleum has raised £1.1m through a placing at 6p to cover the costs of due diligence on an as yet unnamed acquisition target and to provide working capital. The fund raising is part of Sirus's strategy to neter joint venture partnerships on marginal fields. Shares in Catalyst Media jumped

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.