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Chinese software and internet solutions provider Geong reported a 28% slump in turnover for the six months ended 30 September to £4.7m, though profits rose 17% to £0.7m. Chief executive Wang Weidong called it a "satisfactory" set of interim results and said the company expects full-year numbers to
Read moreWaste oil recycler Hydrodec is raising £3m from a placing at 6p a share so that it can become more efficient and expand capacity. At the end of August, Hydrodec reported an 82% increase in revenues to $8.2m in the six months to June 2010 and the current demand exceeds the existing capacity. Third
Read moreLONDON (Dow Jones)--HydroDec Group PLC (HYR.LN), a cleantech industrial oil refining group, said Monday it has made record quarterly sales of SUPERfine, up 79% on the first quarter of 2010 and up 36% on previous high in the fourth quarter of 2009. MAIN FACTS: -Improving sales and good operat
Read moreLONDON (Dow Jones)--HydroDec Group PLC (HYR.LN), said Friday that Lloyds Banking Group PLC (LLOY.LN), is no longer interested in the company's voting rights -Shares traded Friday at 8.88 pence, valuing the company at GBP27.10 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9
Read moreUK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreThe share price of industrial oil recycling and refining group Hydrodec pulled out of its recent slump after it said trading conditions are improving. The company said it is confident that improved cash generation will enable it to meet the next interest payment on its convertible unsecured loan no
Read moreFootsie reached levels not seen since 2008 in afternoon dealings, but the gains dwindled after a poor start in the US and the leading share index finished just a few points in the blue. Banks led the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combin
Read moreFootsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie
Read moreRisers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed
Read moreOil refining group HydroDec is looking for funding after seeing its working capital position hit by lower than anticipated sales and margins so far in 2010. 'The board is currently in discussions with a number of its largest shareholders and is confident it will secure further funding,' Hydrodec sa
Read moreTelford Homes shares have rallied in recent weeks as the developer responsible for affordable homes in East London gave a "cautiously optimistic" view of its prospects. Founder and chief executive Andrew Wiseman has topped up his holding with the purchase of 25,000 shares at 55p. Other directors Ja
Read moreHalfords boss David Wild has spent £137,000 on shares in the bike and car parts retailer less than a week after slightly better than expected full-year profits. Wild bought 40,000 shares at 343p each, just a few pennies off the 52-week high of 346p. They were down near 200p last October. Prof
Read moreAxis-Shield has sold its Dorset-based subsidiary, Plasmatec Laboratory Products, to Cambridge-based Lab21 for an undisclosed consideration. Axis-Shield said the sale will help it to increase focus on the innovative products in its Point-of-Care and Laboratory Divisions. Central China Goldfields h
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