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Component designer Avingtrans has been chosen by Siemens MR Magnet Technology to manufacture precision machined formers for Siemens' next generation Magnetic Resonance Imaging systems. Once the product is in full production in 2012, the annualised value of this new product to Metalcraft will be ap
Read moreWind farm investor and operator Renewable Energy moved into profit in the year to December 31 after selling its wave technology business to Carnegie Wave Energy. The firm posted a pre-tax profit of £11.2m, compared with a loss of £2.11m the previous year. Revenue climbed to £8.9m from £5.3m. 'Des
Read moreInvista Real Estate generated profit before taxation, for the year ending 31 December 2009, was £10m (2008: loss £3.7m). Total revenue fell by 25% to £34.4m from £45.6m in 2008, the fall being heavily influenced by lower management fees as a result of lower average assets under management during
Read moreRenewable Energy Holdings has completed the sale of its CETO wave power technology to ASX-listed Carnegie Corporation. REH received a 33% stake in Carnegie in return for the CETO technology. This stake is valued at just over £30m. That is nearly 60% more than the valuation for the whole of REH. Re
Read moreBread and cake maker Finsbury Food posted a fall in pre-tax profits in the year to July 4 and said trading conditions are likely to remain tough in the short term. Finsbury, which has licensing agreements with the chocolate retailer Thorntons and the confectionery giant Nestle, posted pre-tax profi
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