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Redhall CEO steps down after seven months on the job

Thu, 25th Oct 2018 08:29

(Sharecast News) - AIM-listed manufacturer Redhall revealed on Thursday that chief executive Wayne Pearson had resigned his position with immediate effect.Redhall told investors that Pearson, who was appointed to the role back in March, will be replaced by former Rolls Royce vice president Russ Haworth on an interim basis.After leaving Rolls Royce in 2016, Haworth has spent his time on a number of shorter-term projects, providing interim management resources and initiating strategies driving change in product, supply chain and operational performance.Redhall assured investors that the search for a full-time chief executive was already underway.Back in September, Redhall warned that full-year results would be "materially" below the engineer's previous guidance as a result of project delays and slower-than-expected efficiency gains.Delays on a number of key projects outside of the group's control and slower than expected operational efficiency gains meant the board was much more cautious of the immediate future, even as overall market conditions remained robust in the majority of its core markets.As of 0825 BST, Redhall shares had ticked up 0.55% to 4.58p.
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7 Mar 2014 08:14

UK MORNING BRIEFING: Boohoo.com To Raise GBP300 Million In IPO

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7 Mar 2014 07:58

Redhall Group To Raise GBP7.5 Million In Placing To Improve Balance Sheet

LONDON (Alliance News) - Redhall Group PLC Friday said it intends to raise GBP7.5 million before expenses through a placing of 19.2 million shares at 39 pence each with new and existing institutional investors, money it will use to recapitalise its balance sheet and for general working capital.Read more

7 Mar 2014 07:38

Redhall proposes fundraising to recapitalise balance sheet

Redhall Group has announced plans to raise 7.5m pounds to recapitalise the engineering support service company's balance sheet. The firm will place more than 19m shares of 25p in capital at a price of 39p each, representing a 39.2% interest. Redhall said the recapitalisation of the balance sheet,

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6 Feb 2014 12:55

Redhall's Revenues Drop, Losses Widen As Vivergo Dispute Resolved

LONDON (Alliance News) - Shares in Redhall Group PLC fell Thursday, after the engineering support services group reported a drop in revenues and widened its losses for the financial year ended September 30, 2013, having booked settlement charges relating to its dispute with Vivergo Fuels Ltd.

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6 Feb 2014 08:32

UK MORNING BRIEFING: Vodafone Gains, AstraZeneca Falls At Open

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

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6 Feb 2014 08:31

UK MORNING BRIEFING:

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

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