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A strong fourth quarter helped Africa-focused agribusiness and leisure group Lonrho turn a profit last year. Fourth quarter revenue to September rose by 13% to £33.6m with pre-tax profits of £2.9m. Full year revenues increased by 20% to £107.7m, with profits at £0.5m against losses of £4.5m previo
Read moreThe mining giant Xstrata has contracted the African conglomerate Lonrho to develop and operate a farm and agri-processing centre at its Thorncliff Alloys mine in the Limpopo Province in South Africa. Lonrho will work with local subsistence farmers to develop a farming cooperative that will hopefull
Read moreShares in African-focused conglomerate Lonrho took a tumble after the company's trading update for the third quarter, traditionally the quietest of the year for the company. Turnover in the three months to 30 June rose to £26.66m from £18.51m the year before, with the company posting earnings bef
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CONNAUGHT PLC (CNT.LN) Thursday said it has agreed terms on a GBP15 million short-term overdraft with its lenders, as well as the deferral of interest an
Read moreLONDON (Dow Jones)--Africa-focused conglomerate Lonrho PLC (LONR.LN) Thursday said fiscal third-quarter revenue increased 45% on year, aided by bumper income at a port used by oil majors searching for oil in the deep waters off the West African coast. Lonrho said third-quarter revenue at its inf
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CRANWSICK PLC (CWK.LN) shareholders should oppose the re-election of executive chairman Martin Davey as well as the remuneration report, investor advisor
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FINDEL PLC (FDL.LN), a home shopping firm and supplier of education products, Tuesday said it launched a wide-ranging review of all its units after accou
Read moreLONDON (Dow Jones)--Lonrho PLC (LONR.LN), a pan-African company with a portfolio of investments in agribusiness, infrastructure, hotels, transportation and support services, said Tuesday that Oceanfresh has successfully negotiated and now implemented a comprehensive rollout of one of it's sustainabl
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SMITHS NEWS PLC (NWS.LN), a newspaper and magazine wholesaler, said Thursday it is exploring acquisition opportunities as it looks to diversify its reven
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SUPERGROUP PLC (SGP.LN), a fashion retailer, posted a leap in fiscal 2010 pretax profit as sales surged due to more store openings, and said this fiscal
Read moreThis story was originally published Wednesday By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Africa-focused conglomerate Lonrho PLC (LONR.LN) Tuesday said it has big plans to expand its ports, airline and farming businesses in the years ahead, as it prepares for a return to t
Read moreBy Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Africa-focused conglomerate Lonrho PLC (LONR.LN) Tuesday said it has big plans to expand its ports, airline and farming businesses in the years ahead, as it prepares for a return to the main market of the London Stock Exchange.
Read morePre-tax losses widened sharply at Europe-focused oil and gas group Ascent Resources in 2009 as the company felt the pinch of lower commodity prices. Pre-tax losses grew to £10.57m from £4.5m the previous year on revenues that narrowed to £890,000 from £1.47m. Managing director Jeremy Eng said: 'W
Read moreSevern Trent's chief executive, Tony Wray, has now confirmed the water utility has no plans for a rights issue, although it is cutting the dividend by 10%. The Independent generally is bearish about the water sector, but Severn Trent, which trades at about 1.5 times next year's earnings and yield mo
Read moreDesign and engineering consultancy Scott Wilson said Crossrail has confirmed its intention to award Design Package C130 for Paddington Station on the Central Section Framework to the group and is proceeding to contract. The contract to Scott Wilson is £9.8m over a year and a half. Kryso Resources
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