Parity Share News (PTY)

Parity Group disposes of subsidiary and changes name to Partway Group

(Alliance News) - Parity Group PLC confirmed the disposal of Parity Professionals Ltd on Friday, changing its name to Partway Group PLC.

IN BRIEF: Parity Group shareholders approve disposal and name change

Parity Group PLC - London-based data and technology-focused professional services firm - Says that its disposal of Parity Professionals Ltd and the change of its name to Partway Group PLC were both approved by shareholders at a general meeting held on Thursday. Expects that the disposal of Parity Professionals will "occur shortly", while the name change should take effect in the coming days.

UK shareholder meetings calendar - next 7 days

Parity shares up as proposes sale to become cash shell

(Alliance News) - Parity Group PLC on Tuesday announced the proposed sale of its primary operating subsidiary Parity Professionals Ltd to Network Ventures Ltd.

EARNINGS: Personal Group trading "robust"; Parity loss widens

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

LONDON MARKET OPEN: WPP lowers outlook; Capita swings to loss

(Alliance News) - The FTSE 100 inched slightly higher on Friday, as investors nervously look ahead to the US nonfarm payrolls report at 1330 BST.

IN BRIEF: Parity eyes continued momentum in year ahead

Parity Group PLC - London-based data and technology-focused professional services firm - Says that the uncertainty in the current economy has made it "more challenging" to build on its achievements from the prior year. Nonetheless, it expects to continue to build momentum in 2023 and remains committed to returning the business to growth. Believes that permanent recruitment will be a future area of growth for the business.

Parity Group progressing fresh focus on public sector

(Sharecast News) - Recruitment and professional services firm Parity Group said in an update on Thursday that one of its key areas of investment in 2023 was the public sector.

AIM WINNERS & LOSERS: Amte Power plunges on urgent need for financing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Parity Group widens pretax loss and reports dip in revenue

Parity Group PLC - London-based data and technology-focused professional services firm - Widens pretax loss in 2022 to GBP1.3 million from GBP1.1 million in 2021. Explains this was due to an impairment charge of GBP2 million relating to goodwill acquired in 1999 that relates to consulting activities. Revenue falls 14% year-on-year to GBP40.6 million from GBP47.0 million.

TRADING UPDATES: Eurocell cuts costs; Rotala to return GBP10 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Parity sells UK and EU trademarks to Gap Capital Ventures

(Alliance News) - Parity Group PLC - London-based recruitment and consultancy company - Sells the Parity name trademarks it holds in the UK and EU to investment firm Gap Capital Ventures LLC for GBP950,000 in cash. Parity is granted a perpetual, royalty free and irrevocable licence to continue to use the trademarks. Says the proceeds are payable in full immediately, with the value of the trademarks currently ascribed no value within Parity's accounts nor is any profit associated with them.

EARNINGS UPDATES: Crestchic raises outlook on record year-to-date

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Parity expects half-year net fee income to rise

Parity Group PLC - London-based recruitment and consultancy company - Expects net fee income in six months to June 30 to rise 9% from the second half of 2021. Says it's the first time in more than three years that the company has upped its net fee income in sequential reporting periods. Firm says the improved operating performance "follows actions taken to refocus the business and streamline the cost base during the prior year." In 2021, Parity reported total net fee income of GBP4.1 million, down 20% from GBP5.1 million in 2020.