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Small caps round-up: S& U Stores, Panmure Gordon, Silanis ...

Wed, 24th Mar 2010 14:29

Retail lender S&U Stores upped profits by 9% to £9m last year, as debt quality improved in a 'rigorous underwriting and tight cost control against a background of customer caution'. Revenues were flat at £454.8m.Sales in both divisions rose in the second half of the year, as home credit enjoyed a strong Christmas, and Advantage significantly increased its market share, S&U added. The dividend for the year rises by 6% to 34p.Tanzanite One reports its first official sale of 2010 resulted in a revenue of $1.62m with $ 2.68m in sales to date in 2010.Average overall price increase of 16.5% per carat price since previous sight (November 2009). Some 198,337 carats of rough tanzanite was sold at an average of US$8.17/carat, Tanzanite added.Electronic signature specialist Silanis slipped deeper into the red last year, with a loss of $2m, compared with $0.9m, on revenue of $6.2m down from $7.5m. Cash at the year-end was $13.4m. Even Bentley and Ferrari owners felt the pinch in the recession which meant luxury car dealer H R Owen's sales volumes slipped in 2009, though most members of its dealer network beat internal budget targets.Revenue from continuing operations eased to £125.4m in 2009 from £144.45m in 2008. New car sales slumped to 511 from 720 while coincidentally used car sales in 2009 also totalled 511, up from 348 the year before. Profit before tax from continuing operations climbed to £6.16m from £1.44m in 2008 after the company banked an exceptional gain of £7.49m from the early surrender of its property lease in Wandsworth. The board has proposed a final dividend of 2p. Metalrax, the niche supplier of specialist engineering and consumer durables products, saw losses before interest and tax from continuing operations widen to £2.7m in 2009 from £1.0m in 2008. With discontinued operations included, the 2009 loss was £10.6m, compared to £14.5m the year before.Revenue from continuing operations slumped to £61.2m from £72.3m the year before, reflecting the economic downturn in most sectors in which it operates. 'We are optimistic that we can meet the market's expectations for this year's trading,' said Stephen Boyd, chairman of Metalrax.Stockbroker Panmure Gordon's expansion into the US has not worked out so well though the company claimed it is seeing signs of improvement Stateside.Net revenue in 2009 grew to £50.9m from £42.1m in 2008, buoyed by a strong performance from the UK operations. Meanwhile, net commission and trading and investment banking revenue from the US was down 17% in dollar terms.The adjusted loss before tax narrowed to £3.1m in 2009 from £9.2m in 2008. The statutory loss of £11.1m was substantially narrower than 2008's loss of £28.1m.
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25 Nov 2022 07:19

Finncap tumbles as takeover talks with Panmure end

(Sharecast News) - FinnCap tumbled on Friday after it said that takeover talks with Panmure Gordon had ended.

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18 Oct 2022 08:08

FinnCap in early takeover talks with Panmure Gordon

(Sharecast News) - Investment bank FinnCap confirmed on Tuesday that it has received indicative non-binding takeover proposals from rival Panmure Gordon.

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5 Jul 2021 23:14

HydrogenOne Capital Growth to pursue London listing

(Sharecast News) - HydrogenOne Capital Growth will become the first London-listed investment fund focused on clean hydrogen if its plans to float succeed.

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31 Jan 2021 21:49

Sunday newspaper round-up: Vaccine supplies, Debenhams, The Queen

(Sharecast News) - The UK could help the EU and other nations with coronavirus vaccine supplies even before the domestic vaccination programme has been completed, the international trade secretary, Liz Truss, has said. As ministers sought to smooth relations with Brussels after the EU's much-criticised and swiftly rescinded decision to impose a vaccine border between Northern Ireland and the Republic of Ireland, Truss sought to stress the need for international cooperation. - Guardian

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16 Jan 2017 15:23

Panmure Gordon CFO Philip Tansey to step down

(ShareCast News) - AIM-listed institutional stockbroker and investment bank Panmure Gordon said Philip Tansey has served notice of his intention to step down from the board and is leaving the company as chief financial officer at the end of March. Current financial controller Anthony Saroli will tak

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22 Sep 2016 10:56

Panmure Gordon to invest up to £2m in PrimeXtend

(ShareCast News) - Institutional stockbroker and investment bank Panmure Gordon will make a cash investment of up to £2m in PrimeXtend, a business focused on the evolution of agency broker services. The investment will be made over a period of ten months, subject to the satisfaction of certain perfo

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22 Sep 2016 10:03

Panmure Gordon Makes Strategic Investment In PrimeXtend

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7 Aug 2016 15:33

Sunday newspaper round-up: Interest rates, EU single market, IHG, Poundland

(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the

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7 Aug 2016 07:48

PRESS: Mehmet Dalman Fund Eyes Bid For Panmure Gordon - Sunday Times

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18 May 2016 07:33

Outgoing Panmure Gordon Chairman Says 2016 Has Started Well

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11 May 2016 15:05

AGM, EGM Calendar - Week Ahead

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3 May 2016 08:48

Panmure Gordon Picks Adcock To Replace Warner As Chairman

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1 May 2016 18:03

Sunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham

(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin

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13 Apr 2016 09:04

New regulations to help smaller brokers compete in London IPO market

(ShareCast News) - Smaller brokers and investors could all find it easier to compete in the UK's initial public offer (IPO) market in future, according to new investment banking proposals put forward by the City regulator. To remedy several issues spied during its study into the investment and corpo

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1 Apr 2016 18:00

Friday newspaper share tips: Panmure Gordon, Grainger

(ShareCast News) - Panmure Gordon has a tough road ahead of it, the Financial Times´s Lex column believes. The pool of banking fees which the UK´s small stockbrokers and investment banks can opt for is simply not large enough to sustain all of them given the decline in broking margins. About £5.4bn

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