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Redhall Group Reports Revenue "Slightly" Ahead Of Previous Year

Wed, 06th Mar 2019 13:44

LONDON (Alliance News) - Redhall Group PLC on Wednesday said that its revenue so far is "slightly ahead" than the same period a year ago, as it guided for its performance to be weighted towards the second half.

"The board anticipates that the full-year performance of the group will be in line with expectations," the company said at its annual general meeting held earlier on Wednesday.

Market conditions remain encouraging, the firm added, as it looks forward to a "strong pipeline of opportunities".

Redhall also announced that Martyn Everett stepped down from its role of chair on the company's board. Everett will remain on the board as an independent non-executive director.

Joe Oatley, who joined the board as senior independent director in May 2018, will be appointed as chair.

Redhall shares were trading down 4.3% at 2.25 pence each.

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28 May 2019 10:52

Redhall To Appoint Administrators, Explores Business Sale Options

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3 May 2019 12:11

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Redhall warns of profits 'materially below' expectations

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6 Mar 2019 15:37

Redhall Group expecting strong second half

(Sharecast News) - Manufacturing and services company Redhall Group told shareholders on Wednesday that its market conditions remained "encouraging", and that it had a "strong" pipeline of opportunities, as investors gathered for the annual general meeting in London.

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27 Feb 2019 16:06

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31 Jan 2019 11:18

Redhall Shares Drop On Widened Annual Loss And Revenue Decline

LONDON (Alliance News) - Shares fell in Redhall Group PLC on Thursday as it reported a widened loss and lower revenue for its recently ended financial year, as certain businesses within the group

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25 Jan 2019 11:20

Redhall Agrees GBP2 Million Short Term Loan With Major Shareholders

LONDON (Alliance News) - Engineering firm Redhall Group PLC on Friday said it has agreed terms with two major shareholders for new short-term loans totalling GBP2.0 million.The short term 1

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25 Jan 2019 09:54

Redhall gets £2m short-term funding from major shareholders

(Sharecast News) - Manufacturing and services company Redhall Group has agreed terms with two of its major shareholders, Lombard Odier Investment Management (LOIM) and client funds managed by Downing, for new short term financing facilities of £2m, it announced on Friday.

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24 Jan 2019 15:58

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Redhall Hires Ex-Rolls Royce Exec As Interim Boss After Pearson Leaves

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25 Oct 2018 08:29

Redhall CEO steps down after seven months on the job

(Sharecast News) - AIM-listed manufacturer Redhall revealed on Thursday that chief executive Wayne Pearson had resigned his position with immediate effect.

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