Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Pin to quick picksPressure Tech Share News (PRES)

Share Price Information for Pressure Tech (PRES)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 37.50
Bid: 36.00
Ask: 39.00
Change: 0.00 (0.00%)
Spread: 3.00 (8.333%)
Open: 37.50
High: 37.50
Low: 37.50
Prev. Close: 37.50
PRES Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Pressure Technologies on track to beat market expectations

Tue, 10th Nov 2015 14:24

(ShareCast News) - Pressure Technologies expects its adjusted earnings for the full year to be ahead of market views despite difficult conditions in its main oil and gas market, following strong performances across some of its divisions.In a trading update for the year ended 3 October, the high pressure engineering group said its Precision Machined Components unit performed better than forecast, producing the highest return on sales and cash conversion in the company.The Cylinders business is expected to be slightly ahead of forecast as a strong performance in the second half was boosted by efficiencies implemented in the first half of the year.The performance of Engineered Products, however, was disappointing. As a result of reduced order intake, pricing pressures, and the deferral of an order due for delivery in full year 2015 to 2016, the division did not meet earlier expectations."Along with many others in the sector, we do not foresee any signs of pick-up in our main oil and gas market during 2016, however we do not currently anticipate market conditions deteriorating further."At 1435 GMT, Pressure shares were up 25% at 183.01p.
More News
26 Mar 2019 14:22

Gresham House Asset Builds 7% Stake In Pressure Technologies (ALLISS)

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday said that Gresham House Asset Management Ltd now owns a 6.99% stake in the company.Gresham House's holding in the valve to

Read more
8 Feb 2019 13:00

Pressure Technologies says HSE will prosecute subsidiary over fatality

(Sharecast News) - Pressure Technologies said on Friday that the Health & Safety Executive plans to prosecute its subsidiary, Chesterfield Special Cylinders (CSC), in relation to a fatal accident that took place there in June 2015.

Read more
5 Feb 2019 15:57

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 6 FebruaryVictrexDaily Mail and General TrustGraingerImperial Asset Bank of

Read more
1 Feb 2019 10:07

Pressure Technologies Pushing Ahead With Greenlane Biogas Sale

LONDON (Alliance News) - Specialist engineer Pressure Technologies PLC said it is making good progress on the sale of subsidiary PT Biogas Holdings Ltd.Pressure Technologies announced the a

Read more
11 Dec 2018 11:46

Pressure Technologies' loss widens as alternative energy revenue stumbles

(Sharecast News) - Pressure Technologies reported on Tuesday that its full-year loss widened due to the impact of a weak performance in its Renewable Energy division.

Read more
11 Dec 2018 09:56

Pressure Technologies Annual Loss Widens On Lower Number Of Projects

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday said its loss widened in its recently ended financial year, hurt by weakness in its Renewable Energy division.The engineering a

Read more
10 Dec 2018 12:24

Pressure Technologies to offload alternative energy division for £11.1m

(Sharecast News) - Pressure Technologies' shares jumped on Monday after it agreed to sell its alternative energy division to Creation Capital Corp for a total consideration of £11.1m.

Read more
10 Dec 2018 09:24

Pressure Technologies Sells PT Biogas To Canada Firm For GBP11 Million

LONDON (Alliance News) - Pressure Technologies PLC on Monday said it agreed to sell its subsidiary, PT Biogas Holdings Ltd, to Canada-listed Creation Capital Corp for GBP11.1 Tech shares were up A

Read more
31 Jul 2018 13:05

Pressure Technologies Hires Chris Walters To Be CEO From October

LONDON (Alliance News) - Pressure Technologies PLC said on Tuesday that Chief Executive Officer John Hayward will step down on October 1 and be replaced by Chris Walters.The incoming CEO on

Read more
12 Jun 2018 12:18

Pressure Tech Interim Loss Widens As Revenue Falls On Lower Order Book

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday reported a decline in revenue in the first half of its financial year, hit by decline in orders in the Alternative Energy industrial a

Read more
30 May 2018 10:55

Pressure Technologies Shares Drop As Year Set To Be Below Expectations

LONDON (Alliance News) - Shares dropped in Pressure Technologies PLC on Wednesday as the company said its loss-making Alternative Energy division, will bring the group's results for its year a

Read more
13 Dec 2016 09:03

Pressure Technologies Scraps Dividend After Swing To Annual Loss

Read more
12 Dec 2016 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
8 Dec 2016 10:05

Pressure Technologies Buys UK Engineer Martract For GBP4.3 Million

Read more
8 Dec 2016 08:43

Pressure Technologies buys Martract for £4.3m

(ShareCast News) - Engineering firm Pressure Technologies has bought rival Martract for £4.3m in order to strengthen its ability to supply bespoke solutions to clients and improve its supply chain. The company said that the acquisition, which is expected to me immediately earnings enhancing, is a "s

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.