Driver Grp Share News (DRV)

Driver Group looking to profitability after tough year

(Sharecast News) - Construction and engineering consultancy Driver Group said in an update on Friday that it expected to report an underlying loss before tax of £0.3m for the year ended 30 September.

IN BRIEF: Driver Group pleased with "credible" first half performance

Driver Group PLC - Lancashire-based professional services consultancy to construction and engineering industries - Pretax profit in six months to March 31 slumps to GBP130,000 from GBP855,000 in same period a year prior. Revenue broadly flat year on year, falling slightly to GBP24.4 million from GBP25.0 million.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Driver Group "counterparty" takes on current debtor book

Driver Group PLC - Lancashire-based professional services consultancy to construction and engineering industries - Says it will transfer 25 employees to join another entity in the Middle East region on June 1. These employees will retain some project assignments, but with restrictive undertakings regarding the company's current clients and employees. Additionally, the counterparty will take on the current regional debtor book's GBP3.5 million. It has also agreed to pay around GBP2 million in cash upfront as an advance payment of the debtor book.

EXECUTIVE CHANGES: Finance hires by Driver, Skillcast, i(x) Net Zero

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

IN BRIEF: Driver shares drop as expects fall in interim profit

Driver Group PLC - Lancashire-based engineering services provider - Says suffers "difficult" second quarter, which ends on Thursday. Says results during period were hurt by loss-making contract in the Asia-Pacific region and an unexpected drop in revenue in the Middle East region. Expects an underlying group pretax profit between GBP300,000 and GBP500,000 for the half-year, down from GB1.0 million a year prior, as a result. Says initiates an operational review of both regions, given their historic underperformance. Identifies "near term" opportunity to reduce annual operating costs by more than GBP1.0 million through a reconfiguration of its operating footprint in both regions.

AIM WINNERS & LOSERS: Driver's "difficult" quarter; XLMedia profit up

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Driver Group lowers FY pre-tax profit guidance following 'difficult second quarter'

(Sharecast News) - Shares in Driver Group tumbled on Tuesday after the professional services consultancy warned first-half profits would be lower year-on-year amid operational woes in Asia Pacific and the Middle East and announced the departure of its chief financial officer.

EXECUTIVE CHANGES: Young's promotes new CEO; Centrica replaces Hester

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

IN BRIEF: Driver annual profit rises despite revenue fall; ups payout

IN BRIEF: Driver annual profit rises despite revenue fall; ups payout

Driver Group declares dividend after fall in revenue, earnings

(Sharecast News) - Engineering and construction consultancy Driver Group reported an 8% decrease in revenue in its preliminary results on Monday, as it declared a final dividend of 0.75p per share.

Driver Group delays full-year results due to issues with Oman customer

Driver Group delays full-year results due to issues with Oman customer

AIM WINNERS & LOSERS: CloudCall agrees Xplorer Capital takeover offer

AIM WINNERS & LOSERS: CloudCall agrees Xplorer Capital takeover offer

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days