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ImJack: Government Withdraws 2009/2010 Redesignation Funding

Thu, 10th Jun 2010 17:06

LONDON (Dow Jones)--ImJack PLC (IMJ.LN), said Thursday, it has been informed by SSAT that the new coalition government has withdrawn funding in respect of schools applying for redesignation funding for the year 2009/2010. MAIN FACTS: -This eventuality was entirely unforeseen by the company and no indication had been given at any stage by the Specialist Schools and Academies Trust or SSAT that such funding might be withdrawn. -The company maintains a strong relationship with the SSAT who are now working closely with the Company to find alternative sources of funding to replace this programme and further announcements will be made as appropriate. -The Company announced on May. 20, that it had secured approval for all schools applying for redesignation to be offered the ImJack platform. Shares on Thursday traded at 0.88 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 10, 2010 12:06 ET (16:06 GMT)
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29 Jun 2010 08:27

imJack 1H Pretax Loss GBP1.85M Vs GBP0.97M

LONDON (Dow Jones)--ImJack PLC (IMJ.LN), a provider of digital educational networking and media business, said Tuesday that it made pretax loss of GBP1.85 million for the half year ended March 31, compared with GBP969,419. MAIN FACTS: -Revenue amounted to GBP5,692 versus GBP172,585 -Oper

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8 Jun 2010 16:14

London close: Footsie at 2-week low

London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow

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8 Jun 2010 14:40

London afternoon: Miners revival not enough

Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t

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8 Jun 2010 11:22

Small caps round-up: Havelock Europa, imJack, Oxus Gold...

Shopfitter and point of sale printing group Havelock Europa plunged Tuesday after it announced its intention to give up its full stock market listing and move to AIM. The decision to drop down to the junior market was driven by cost and the simplification of the company's administrative and regulat

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8 Jun 2010 08:25

imJack Shares Restored To Trading On AIM, Down 42% >IMJ.LN

LONDON (Dow Jones)--The London Stock Exchange said Tuesday that trading on AIM for Ordinary shares of imJack PLC (IMJ.LN) has been restored to trading from 0630 GMT, an announcement having been made. Shares at 0725 GMT down 1.75 pence, or 42%, at 1.75 pence valuing the company at GBP1.95 million

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8 Jun 2010 07:46

imJack FY Pretax Loss GBP3.3M Vs Loss GBP3.5M

LONDON (Dow Jones)--imJack PLC (IMJ.LN), a social networking business for the education sector, said Tuesday that for the year ended Sep. 30, 2009 it made a pretax loss of GBP3.3 million on revenue of GBP0.3 million. MAIN FACTS: -Revenue GBP257,414 (2008: GBP198,282). -Operating loss GBP

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24 Nov 2009 16:48

London close: FTSE 100 closes 32 points lower

London ended the day in the red as the FTSE 100 lost its earlier gains after Wall Street opened sharply lower. London did not sustain a short-lived rally in the late afternoon. The market seemed to initially ignore Bank of England governor Mervyn King's cautious comments to the House of Commons Tr

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24 Nov 2009 13:00

Small cap round-up: Galliford Try, Eruma, Lupus...

Galliford Try has lodged an appeal against the OFT's £8.33m in respect of three incidences of cover pricing that occurred between the years 2001 to 2004. Gaillford's fine was part of fines of £130m in total after an OFT investigation into bid rigging on contracts. Lupus Capital has appointed Jamie

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