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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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30 Jan 2014 14:34

Redhall Group Accepts Vivergo Fuels Settlement Offer Of GBP2.1M

LONDON (Alliance News) - Redhall Group PLC Thursday said it has accepted an offer of GBP2.1 million from Vivergo Fuels Ltd, as a full and final settlement to the claims which drew to a close at the end of last year. Redhall, the specialist engineering support services group successfully def

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17 Dec 2013 09:34

STOCKS NEWS EUROPE-FTSE AIM index weak, Redhall jumps

Junior-listed AIM shares fall 0.4 percent, lagging a 0.1 percent rise on the FTSE Small Cap index and a 0.1 percent drop from the FTSE midcap index. Specialist engineering support services group Redhall firms 11.5 percent, extending gains from Monday when it said judgement in the court cas

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19 Nov 2013 14:21

Redhall Group Expects Vivergo Judgement In December

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19 Nov 2013 08:07

AIM IN BRIEF: Centamin Further Reduces Stake In Nyota Minerals

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27 Sep 2013 14:46

DIRECTOR DEALINGS: Redhall Group CEO Buys Shares

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13 Sep 2013 11:45

UK Winners & Losers: Verdes Management Shares Soar, Airlines Dive

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13 Sep 2013 11:27

STOCKS NEWS EUROPE-UK small caps rise 0.7 pct, outstrip FTSE

UK small caps and junior-listed AIM shares rise 0.7 and 0.1 percent, respectively, outperforming the blue chips, which fall by 0.3 percent. Redhall slumps 17.9 percent, the top AIM-listed faller, after the engineering firm gives a disappointing trading update, with results now expected to m

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13 Sep 2013 08:35

Redhall shares plunge on profit warning

Shares in Redhall Group plunged by more than a quarter after the engineering support services company warned that trading and profits for the second half would miss forecasts. Redhall said performance had been hit by lower activity and margins in its nuclear business and some parts of its engineeri

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13 Sep 2013 08:30

Redhall Shares Plunge 30% As It Warns Of Fall In H2 Trading

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22 Jan 2013 08:17

Redhall boosted by contract wins

Shares of engineering support services group Redhall flew off the shelf after it announced it had been awarded a number of contracts across its nuclear and manufacturing operations. Redhall Nuclear has been selected as a strategic partner by AWE to provide mechanical and electrical engineering ser

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6 Dec 2012 15:03

Redhall says goodbye to troubles

Redhall Group, the specialist engineering support services firm, said that after a testing year the worst was behind it. The Yorkshire-based company has been hit by a number of contract issues, including an expensive legal battle with Vivergo over a biofuels plant. Underlying revenue for the year

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3 Oct 2012 16:08

Walker Greenback's CEO sells 100,000 shares

Walker Greenback's Chief Executive Officer, John Sach, has sold 100,000 ordinary shares in the company on the same day the luxury interior furnishings group reported an increase in half year sales. The boost to sales came after an upturn in the US interior furnishings industry despite the fact tha

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21 Sep 2012 15:48

Travis Perkins big wheel shovels out shares

Arthur Davidson, the Divisional Chairman of Specialist Merchanting at builders' merchant Travis Perkins, sold two lots of 5,000 shares on Friday. In the first tranche, the director sold the shares at 1,085.23p for a total of £54,262, and in the second the other 5,000 at 1,089p for £54,450. Follow

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17 Sep 2012 16:11

Kate Bostock ditches M&S shares ahead of departure

Marks & Spencer's departing Head of Clothing Kate Bostock has taken advantage of recent bid speculation to sell shares in the company at 371.60p on Friday. In recent weeks there has been on-going speculation that private equity titan CVC Capital Partners is considering a takeover offer for the Hig

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19 Jul 2012 12:07

Small caps round-up: Byotrol, sareum, KDD ...

Byotrol, an anti-microbial hygiene company, has continued to make progress and has maintained the momentum seen in the second half of last year into the current financial year. The balance sheet continues to remain strong and is well positioned to its objective of positive cash generation at the ear

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