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RHLThu, 06th Dec 2012 15:03
Specialist engineering support services group Redhall has appointed Richard Shuttleworth as chief executive officer with effect from 1 September 2012. Shuttleworth, 51, is currently a director of RPS Commercial Services and has previously been a director at Cape Industrial Services and commercial d
Read moreRedhall, the engineering support services group, saw full year profits plunge but in line with expectations. Adjusted pre-tax profits for the year to the end of September were £3.9m, a 45% fall on £7.0m the firm made in 2010. However, exceptional items worth over £11m saw profits fall £8m into the
Read moreRedhall Engineering Solutions has won its case against Vivergo after it was determined by an adjudicator that Vivergo Fuels, a joint venture between BP, British Sugar and DuPont, had unlawfully attempted to terminate its contract with the company. Engineering support services group Redhall went h
Read moreJohnson Matthey, originally in precious metals such as platinum and palladium, still refines and distributes these. But it also puts them into technologies that are used to reduce pollution, such as autocatalysts in cars and devices to cut emissions from power plants. Shares in Johnson Matthey, whic
Read moreShares remain firmly in the red following this morning's slide. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the year before. The numb
Read moreStocks have resumed yesterday's slide following a tumble on Wall Street last night. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the ye
Read moreEngineering support services group Redhall reported a weak set of first half figures following the loss of the Vivergo contract but it expects trading in the second half and beyond to be much improved. The niche engineer said adjusted pre-tax profit fell 70% at £1m during the six months ended 31 Ma
Read moreShares in Redhall fell after the niche engineer said trading has been slower than anticipated partly due to bad weather and announced that its chief executive is stepping down. The company, which provides services for the defence and energy sectors, said: "Trading in the first quarter of the curren
Read moreSupport services specialist Redhall focuses on three areas - defence, energy and food processing. In defence, it is a key player in the Astute submarine project, the Royal Navy's ultrasophisticated new fleet. Redhall is a solid, well-run company and it is poised to grow as the economy becomes stron
Read moreThe support services sector is going well today with the surveillance systems group Petards the best performer after announcing that its CCTV systems will be installed on southeast trains. Elsewhere in the sector, engineering support services group Redhall is wanted after its full year results. Pro
Read moreEngineering support services group Redhall said annual profit slipped after substantial rebranding costs. Chairman David Jackson said he was pleased with the group's performance in difficult market conditions. Demand from the oil and gas was satisfactory while Defence traded exceptionally well wit
Read moreAIM-quoted engineer Redhall has withdrawn from the bid battle for Mount Engineering after the engineering company recommended Cooper Industries' rival 82p a share bid. Cooper announced its bid, which values Mount at £19.2m, on 1 October. It is significantly higher than Redhall's bid of 70p a share
Read moreThe last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th
Read moreThe afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat
Read moreLondon's leading share index remains in positive territory, but worries over the European debt situation have weighed on sentiment slightly. The concerns centre on Ireland again, after figures showed manufacturing activity in the country contracted in September, with the purchasing managers' index
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