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Small caps round-up: H&T Group, China Medical, Fyffes...

Wed, 13th May 2009 09:20

Pawnbroker H&T Group said it has traded "significantly" ahead of expectations for the year to date. It also said it was positive about prospects for the current year but remains conscious of the current difficult economic climate."The principal reason for the strong performance is the sustained gold price which has benefitted the Group's retail sales, auctions, scrap and gold purchases. The Group is also pleased with the continuing success of the store expansion programme," said H&T.Chinese pharmaceutical sales, marketing & research firm China Medical saw pre-tax profit rise to $19.5m from $10.3m before on sales 40% to $72.6m. Total dividend for year will be $0.15p share against $0.10p each. "I am delighted to report on a second outstanding year for CMS as a public company despite the challenging economic environment seen domestically and globally. We have achieved sustained and steady growth in sales and profits, and I am pleased that," said the group.Fruit importer and distributor Fyffes said trading in teh year to date has been in line with expectations and it remains on course to achieve its earnings target for the year. Previously it has taargeted an adjusted EVIB for 2009 in the range of €14m-€18m. Shares in Futura Medical fell back after the consumer healthcare products firm reported a delay in achieving regulatory approval for CSD500, a condom designed to help men maintain an erection.Futura, which is developing the condom with Durex firm SSL, hoped the product would be awarded a CE mark soon after EU authorities expressed a positive opinion on the product's pharmaceutical aspects. However, SSL's decision to move condom manufacturing to Asia means the EU has asked for additional manufacturing data on CSD500 and Futura now expects to receive CE marketing authorisation around the end of the year.Public sector focused support services company Tribal said trading in 2009 has been in line with expectations.The sales pipeline remains healthy while committed income now stands at £210m, up from £139m at the beginning of the year. Printing group Communisis shot up after it announced a contract to T-Mobile UK 's marketing division with a suite of printing services. The contract was awarded to Communisis following a tender process. Housebuilder McInerney said trading conditions during 2009 in its key markets of Ireland and UK continue to be challenging due to low consumer confidence, restricted access to mortgages and the uncertain financial climate."We remain focused on generating positive cash flow and the implementation of additional efficiencies in the Group's cost base. Management's key objective is to rebuild shareholder value in the medium term," it said.Shares in Rheochem slipped back down again today after the oil and gas firm released a statement saying it knew of no reason behind its sudden share price rise earlier in the day. The group said the strategic review of its oil and gas assets are still ongoing and no decision has been reached.
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6 Feb 2017 10:43

EU clears Sumitomo takeover of Fyffes

(ShareCast News) - Sumitomo Corporation's €751m (£646m) takeover of fruit distributor Fyffes has been cleared by the European Commission. AIM-Listed Fyffe's agreed to the deal last December. Fyffes shareholders are to receive €2.23 per share under the terms of the transaction.

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9 Dec 2016 10:12

Sumitomo to buy Irish food distributor Fyffes for €751.4m

(ShareCast News) - Fyffes has agreed to be bought by Japan's Sumitomo in a €751.4m deal. Under the terms of the acquisition, the Irish food distributor - known for its banana business - will receive €2.23 in cash for each of its shares, which is a premium of around 49% to the closing price on Thursd

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16 Sep 2016 12:25

Fyffes to raise €47m on the London and Irish stock exchanges.

(ShareCast News) - Irish fruit and fresh produce company Fyffes raised about €47m through a share placing on the London and Irish stock exchanges. The company, through stock broker J&E Davy, will place about 31.45m shares at €1.50, with each share carrying a voting right and a dividend payment, repr

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15 Sep 2016 16:19

Fyffes Launches Placing To Bolster Balance Sheet After Acquisitions (ALLISS)

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8 Sep 2016 07:50

Fyffes buys second Canadian mushrooms producer

(ShareCast News) - Fyffes' has returned to Canada for second helpings of mushroom, acquiring Canada's second largest fungi farmer, All Season Mushrooms, for CAD$59.1m (€41m) after buying the country's number-one producer earlier in the year. Ireland-based and AIM-listed Fyffes bought 100% of All Sea

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2 Sep 2016 07:16

Fyffes Reconfirms Full-Year Guidance As First-Half Profit Rises

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29 Apr 2016 07:36

Fyffes Raises 2016 Guidance After Buying Mushroom Producer Highline

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25 Apr 2016 15:07

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1 Apr 2016 14:28

Fyffes gets into the Canadian mushroom business

(ShareCast News) - Fyffes expanded into the Canadian mushroom business on Friday, purchasing 100% of the equity of the country's largest producer. The AIM-traded banana company said it paid CAD 145m (£77.9m) for Highline Produce, funded through new and existing bank debt. Fyffes' board described Hi

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1 Apr 2016 07:15

Fyffes Buys Mushroom Producer Highline Produce For CAD145 Million

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2 Mar 2016 09:35

BROKER RATINGS SUMMARY: Goldman Cuts Pearson To Sell From Neutral

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26 Feb 2016 15:34

Investors peel away from Fyffes stock after good results

(ShareCast News) - Brits going bananas for imported fruit made for a good year at Fyffes in its annnual report on Friday, but investors weren't sharing the sentiment. The AIM-traded company saw EBITDA increase 16.4% to €56.1m (£44.2m) in the 2015 calendar year, and reported earnings per share growth

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26 Feb 2016 08:55

Fyffes Profit Down In 2015 On Pension-Scheme Charge, Eyes Acquisitions

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19 Feb 2016 16:09

Earnings, Trading Statements Calendar - Week Ahead

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