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UK SMALLCAP ROUNDUP: Chloride Up As Emerson Trumps ABB

Tue, 29th Jun 2010 12:30

Dow 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 EMERSON ELECTRIC CO. (EMR), a U.S. power and industrial-automation company, Tuesday returned with a sweetened offer to buy CHLORIDE GROUP PLC (CHLD.LN) for almost GBP1 billion, after the U.K. secure power systems company rebuffed an earlier bid and backed a better deal from Swiss engineer ABB Ltd. (ABB). At 1110 GMT, Chloride shares +41.2 pence, or 12%, at 389.7 pence. CARPETRIGHT PLC (CPR.LN), a carpet and floorings retailer, said its full fiscal-year sales rose 7% on the year, partly due to new partnerships with insurers and house builders, which it hopes to expand. At 1111 GMT, shares -73 pence, or 10%, at 637 pence. PRIVATE & COMMERCIAL FINANCE GROUP PLC (PCF.LN), a finance provider, said it is on the hunt for new funding that would allow it to write more business, improve operational gearing and take advantage of acquisition opportunities in the specialist finance sector. At 1114 GMT, shares +0.13 pence, or 1.5%, at 8.75 pence. PURSUIT DYNAMICS PLC (PDX.LN), an industrial technology company, said its technology is being tested by major brewers and it expects to secure formal deals with at least three this year. At 1115 GMT, shares -7.25 pence, or 3%, at 235.75 pence. ASSURA GROUP LTD. (AGR.LN), a healthcare company, said it is still enjoying rent increases on its properties despite a squeeze on public finances in the U.K. It reported a sharply narrower fiscal-year loss and said it will resume dividend payments this fiscal year. At 1110 GMT, shares flat at 42.5 pence. INFRASTRATA PLC (INFA.LN), a gas storage company, said it signed a preliminary agreement with U.S. natural gas company eCORP International LLC to help fund the construction of its flagship Portland project on England's west coast. At 1109 GMT, shares +7.75 pence, or 18%, at 50.25 pence. PLASTICS CAPITAL PLC (PLA.LN), a plastics maker, swung to a full-year pretax profit, boosted by a foreign exchange gain, and said its order books are stronger than at any other time in the last 18 months. At 1109 GMT, shares +1 pence, or 3.3%, at 31 pence. PINEWOOD SHEPPERTON PLC (PWS.LN), a film and television production company, said it has the backing of the majority of its shareholders, after its second-largest shareholder called for the company's chairman to quit. At 1109 GMT, shares flat at 143.5 pence. CH2M HILL COS. LTD., a U.S. engineer, offered to buy smaller U.K. peer SCOTT WILSON GROUP PLC (SWG.LN) for about GBP189 million, trumping an earlier offer by rival U.S. firm URS Corp. (URS). At 1108 GMT, shares in Scott Wilson were up 5 pence, or 2%, at 258 pence. JACQUES VERT PLC (JQV.LN), a womenswear retailer, reintroduced a final dividend for the first time since 1995 as it swung to a full-year profit, but said trading in the coming fiscal year will likely be "unpredictable." At 1108 GMT, shares +3.5 pence, or 25%, at 17.25 pence. BRITISH POLYTHENE INDUSTRIES PLC (BPI.LN), a polythene products company, said first-half earnings will be lower than a year earlier due to a rise in raw material costs and weak demand for its silage products. At 1108 GMT, shares -14.5 pence, or 6.9%, at 197 pence. DJ UK Smaller Cos -0.9% AIM -0.9% -By Jason Douglas, Hannah Benjamin and Rachael Gormley, Dow Jones Newswires; +44 (0) 20 7842 9272; uksmallcaps@dowjones.com (END) Dow Jones Newswires June 29, 2010 07:30 ET (11:30 GMT)

More News

31 Oct 2013 14:20

Plastics Capital To Acquire China-Based Creasing Matrix Manufacturer For GBP2.7M

12 Sep 2013 08:16

Plastics Capital Says Trading Broadly In Line With Market Expectations

14 Feb 2013 15:57

Plastics Capital founding shareholder reduces holding

Richard Vessey, the founding shareholder of Plastics Capital, sold a slice of his stake in the niche plastics products group. Vessey, who is also a Non-Executive Director, disposed of 142,809 at 81.50p each, generating £116,389. He now holds 2.47m shares in the company, equal to 8.98% of the issue

29 Jan 2013 14:41

Plastics Capital trading in line with market forecasts

Plastics Capital on Tuesday posted a trading update for its third quarter, showing results in line with market expectations. The niche plastics product group said trading conditions were stable since announcing interim results and little change was expected in the near term. "Demand in Europe rema

6 Aug 2012 08:54

Plastics Capital in triple contract win

Plastics Capital, a niche plastics products group, has successfully converted two design projects for plastic ball bearing assemblies into orders. The first is for a US security camera manufacturer and the second is for an Israeli manufacturer of swimming pool equipment. The firm expects that t

27 Jun 2012 10:17

Plastics Capital plunges as founder shareholder leaves board

Plastics Capital, which owns a portfolio of small companies making niche plastic products has seen its share price plunge in morning trading after revealing falling profits and revenues and the departure of a founder shareholder from the board. The firm has four main subsidiaries: Bell Plastics; BN

25 Apr 2012 13:54

Small caps round-up: Plastics Capital, Vislink, Westminster Group ...

Plastics Capital, a niche platics products group, has said it expects its result for the full year to 31 March 2012 will be in line with market expectations, despite sales continuing to be affected by the aftermath of the Thai floods. The firm said profit margins have remained good, cash flow has be

27 Jun 2011 15:50

Sector movers: SABMiller toasts management change, beverages higher

The beverages sector is going well today, helped by brewing giant SABMiller, famous for its Miller- and Peroni-branded lagers. The company revealed on Monday that Domenic De Lorenzo, who is responsible for mergers and acquisitions, corporate strategy and development, will join its Group Executive C

27 Jun 2011 15:19

Global recovery boosts Plastics Capital sales

Speciality plastics maker Plastics Capital said it benefited from customers restocking in the global economic recovery as it posted a rise in profits in the year to 31 March. Pre-tax profits rose to £3.59m from £1.79m the previous year on revenues that were up to £33.5m from £26.7m, said the compan

18 Apr 2011 08:14

Plastics Capital poised to meet targets

Aim listed niche plastic products manufacturer Plastics Capital said it currently expects full year results to be in line with market expectations. Sales concluded the year strongly, the group said, while profit margins remained satisfactory. Cash flow generation has been strong and debt has contin

21 Feb 2011 08:33

Plastics Capital ahead of expectations

AIM-quoted Plastics Capital says that its figures for the year to March 2011 will be ahead of expectations. Trading conditions are improving for the plastic bearings and products manufacturer and volumes are much higher than the same period last year. Raw material prices are rising but this has be

6 Dec 2010 16:48

Plastics Capital jumps on figures

Shares in AIM-quoted Plastics Capital jumped by one-fifth after the niche plastic products manufacturer reported a higher profit and a fall in borrowings. Revenues rose £12.9m to £16.3m in the six months to September 2010. Gross margins were slightly lower because the company is passing on higher

29 Jun 2010 16:00

UK SMALLCAP ROUNDUP: E-Therapeutics Seeks Pharma Alliances

Dow 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 E-THERAPEUTICS PLC (ETX.LN), a U.K. drug developer, said Tuesday its focus this year and next will be on clinical trials of its experimental medicines an

29 Jun 2010 14:45

UPDATE: Plastics Capital To Hire Staff On Strong Order Book

(Adds executive comment, share price, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Niche plastics products manufacturer Plastics Capital PLC (PLA.LN) Tuesday said it will begin hiring staff for the first time in 18 months, as its order books are their strongest

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UK SMALLCAP ROUNDUP: Chloride Up As Emerson Trumps ABB

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