We value your feedback, take our 2025 surveyhere

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksFiltronic Share News (FTC)

Share Price Information for Filtronic (FTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 120.00
Bid: 119.00
Ask: 121.00
Change: 0.00 (0.00%)
Spread: 2.00 (1.681%)
Open: 119.00
High: 119.00
Low: 119.00
Prev. Close: 119.00
FTC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Luceco tops guidance; Jadestone seals Malaysia buy

Fri, 16th Jul 2021 14:28

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

----------

Luceco PLC - LED lighting products supplier - Says revenue in first half grows 51% to GBP108 million, 31% higher than two years earlier. Adjusted operating profit of GBP19 million is expected for first half, topping previous guidance of GBP18 million and up sharply from GBP9.0 million. Revenue to beat old guidance of GBP105 million. "Strong growth versus 2019 underlines the extent of our ongoing market share gains, particularly during Covid," Luceco says. Tips 2021 revenue to rise over 25% to GBP220 million, which would be 28% higher than 2019. Eyes adjusted operating profit of GBP39 million, rising 30% annually and more than double 2019.

----------

Jadestone Energy PLC - oil and gas producer in Asia-Pacific - Says all conditions needed to seal acquisition of Malaysian assets from SapuraOMV Upstream Sdn Bhd have been met. This includes consent from Petroliam Nasional Bhd, or Petronas, Malasyian state-owned oil and gas firm. Jadestone adds: "Jadestone and SapuraOMV will now proceed to complete the transaction, which will entail Jadestone paying the headline consideration of USD9 million."

----------

Rainbow Rare Earths Ltd - rare earth element mining in Burundi, East Africa - Notes civil unrest in South Africa. Says work at rare earth project located in Phalaborwa continues "unabated" and has been unaffected by rioting and looting.

----------

Good Energy Group PLC - Wiltshire-based renewable electricity supplier - Launches new energy tariff for electric vehicle drivers. New tariff, named 'Green Driver', is cheaper alternative and offers off-peak EV charging services. "The two tariffs are designed to give customers a choice of off-peak charging period to suit their needs and help those that have an EV to save money on their energy bills. These tariffs have been designed based on customer feedback, highlighting a requirement for a slightly longer charging period," Good Energy says.

----------

HeiQ PLC - London-based textiles technology firm - Signs collaboration pact with Lycra Co, provider of textiles to apparel and personal care industries. "The collaboration will lead to the launch of many new innovative, quality-enhancing and sustainable textile technologies addressing needs for stretch, antimicrobial, freshness, warming and cooling," HeiQ says. HeiQ says both firm's products will be jointly-marketed by companies. HeiQ adds: "The first innovation will be launched in Q3 2021, combining HeiQ's freshness and antiviral benefits with the quality and comfort of Lycra Co's stretch fabrics, bringing a new dimension of comfort and confidence to consumers."

----------

Bonhill Group PLC - London-based business-to-business media - Says trading in first half of 2021 in line with market expectations. However, as announced in May, Bonhill tips first half revenue to be lower year-on-year amid Covid-19 curbs hurting live events. Revenue in first half of year prior was GBP7.8 million. Tips second quarter like-for-like sales to rise 9%, however. Expects pretax loss expected to narrow from GBP11.1 million amid cost savings.

----------

Filtronic PLC - Yeadon, England-based manufacturer of products for the aerospace, defence telecoms infrastructure and critical communications markets - Outlines plan for a "brand refresh". Part of plan is new company logo. "This brand refresh gives Filtronic a modern platform - a new identity that tells our story, refreshes our look and is aligned with the company strategy," Filtronic says.

----------

RBG Holdings PLC - London-based law firm - Says traded in line with expectations in six months to June 30. Plans to pay 2 pence per share interim dividend. In respect to 2020, company made just one 3p distribution, having deferred interim payout. Notes Legal Services unit "performed well", while Litigation Finance has three large cases ongoing.

----------

PRS REIT PLC - real estate investment trust focusing on new-build family homes for the private rental market - Completes 4,000th new rental home. Believes it has "largest build-to-rent single family rental portfolio in the UK". New completion takes estimated rental value to GBP37.7 million. Sigma Capital Group PLC's subsidiary, Sigma PRS Management Ltd, is investment adviser to PRS REIT. Sigma Capital notes PRS REIT's release.

----------

Creo Medical Group PLC - Chepstow, Wales-based medical device company specialising in surgical endoscopy - Opens US headquarters in Danbury, Connecticut. Creo says site will support global growth plans, as well as US focus. "We are delighted and proud to have opened our first United States facility, illustrating our commitment to growth and our focus on the key United States Market," Chief Executive Officer Craig Gulliford says.

----------

Nucleus Financial Group PLC - Edinburgh-based financial services provider - Says assets under management at June 30 rise 5.1% quarter-on-quarter to GBP18.87 billion from GBP17.96 billion. Assets under management in second quarter up 19% annually. Reports quarterly inflows of GBP578 million and outflows of GBP385 million, giving net flows of GBP193 million.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
4 Feb 2025 07:25

Filtronic reports sharp increase in revenue, profits

(Sharecast News) - Filtronic reported a sharp increase in revenue and profitability for the six months ended 30 November on Tuesday, driven by strong order inflow and expanded manufacturing capacity.

Read more
28 Jan 2025 11:29

UK earnings, trading statements calendar - next 7 days

Read more
13 Jan 2025 10:46

IN BRIEF: Filtronic trading ahead of upgraded market expectations

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets - Notes order intake for delivery in the current financial year ending May 31 is at a higher rate than expected. The company anticipates to deliver stronger annual results than the recently upgraded market expectations.

Read more
13 Jan 2025 07:21

Filtronic set to end year ahead of market forecasts

(Sharecast News) - Filtronic, a designer and manufacturer of advanced products for the aerospace, defence, space, and telecoms infrastructure markets, announced on Monday that its order intake for the current financial year had exceeded expectations.

Read more
6 Jan 2025 11:26

IN BRIEF: Filtronic names Antonino Spatola as chief commercial officer

Filtronic PLC - Sedgefield, England-based manufacturer of aerospace, defence and telecoms infrastructure product - Appoints Antonino Spatola as new chief commercial officer. The company says he will focus on "driving growth and expanding market presence". Spatola previously held senior roles at Teledyne E2V and Leonardo Spa.

Read more
6 Jan 2025 11:18

Filtronic appoints new chief commercial officer

(Sharecast News) - Filtronic, a designer and manufacturer of products for the aerospace, defence, space, and telecoms infrastructure markets, announced the appointment of Antonino Spatola as its new chief commercial officer on Monday.

Read more
16 Dec 2024 12:46

Filtronic shares jump as it expects to beat market expectations

(Alliance News) - Filtronic PLC shares surged on Monday as it said it expects to beat market expectations and deliver "significant growth" in earnings.

Read more
16 Dec 2024 10:00

Filtronic expects to report 'strong set of results' for H1

(Sharecast News) - Radiofrequency components manufacturer Filtronic said on Monday that it expects to report "a strong set of results" for the six months ended 30 November, with significant growth in both revenue and profits.

Read more
31 Oct 2024 10:16

Filtronic manufacturing output hits targets

(Sharecast News) - Mission-critical communication network components business Filtronic said on Thursday that manufacturing output has reached planned customer volume and quality requirements following strong order flow from SpaceX in H1.

Read more
24 Oct 2024 14:22

UK shareholder meetings calendar - next 7 days

Read more
6 Sep 2024 11:53

Filtronic to relocate Sedgefield site to new purpose-built facility

(Alliance News) - Filtronic PLC announced on Friday it had signed a deal to relocate its Sedgefield site to a larger, purpose-built facility on the same business park in early 2025.

Read more
6 Sep 2024 11:15

Filtronic unveils planned move to new, purpose-built facility

(Sharecast News) - Filtronic, a designer and manufacturer serving the aerospace, defence, space, and telecoms sectors, announced plans to relocate its Sedgefield operations on Friday, to a new, purpose-built facility in early 2025.

Read more
30 Aug 2024 21:47

IN BRIEF: Filtronic eyes to beat market expectations amid SpaceX order

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products for the aerospace, defence, telecoms infrastructure, and low earth orbit space markets - Receives further follow-on production order from SpaceX, valued at USD8.4 million. Filtronic says the order "represents a continuation of demand for the E-band solid state power amplifier modules to support the ongoing deployment of SpaceX's Starlink constellation which provides high-speed, low-latency internet to users all around the world. It is anticipated the order will be fulfilled in calendar year 2025." Pertinently, Filtronic now expects to trade ahead of current market expectations in the current financial year 2025 ending May 31. Chief Executive Officer Nat Edington says: "We are delighted to receive another production order from our partner, SpaceX, as we continue to support the deployment of the Starlink constellation with E-band technology."

Read more
30 Aug 2024 09:31

Filtronic wins $8.4m contract with SpaceX

(Sharecast News) - Communications equipment company Filtronic said on Friday that it had won a contract with SpaceX valued at $8.4m.

Read more
23 Jul 2024 16:10

IN BRIEF: Filtronic wins USD9 million follow-on order from SpaceX

Filtronic PLC - Sedgefield, England-based company is a designer and manufacturer of products for the aerospace, defence, telecoms infrastructure, and low earth orbit space markets - Receives follow-on production order from SpaceX. The order is irrevocable, valued at USD9 million, and represents a continuation of demand for the E-band solid state power amplifier modules to support the ongoing deployment of SpaceX's Starlink constellation which provides high-speed, low-latency high-speed internet to users. Expects the order to be fulfilled in the current financial year.

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.