Surface Transforms Share News (SCE)

Surface Transforms optimistic long-term but cuts guidance for 2023

(Alliance News) - Surface Transforms PLC shares dropped sharply on Friday, after the company said it was cutting its sales guidance for 2023 due to ongoing challenges.

LONDON MARKET OPEN: FTSE 100 climbs as focus turns to US nonfarms

(Alliance News) - Stock prices in London opened on the up on Friday, looking set to round off a positive week on the up, though a red-hot US jobs report could keep a lid on gains.

Surface Transforms shares sink after full-year sales warning

(Sharecast News) - Shares in Surface Transforms tanked over 40% on Friday morning after the brake disc manufacturer slashed its sales guidance due to ongoing challenges in production lines.

LONDON BRIEFING: Currys sells Greece and Cyprus arm; Wickes sales fall

(Alliance News) - London's FTSE 100 is called to open higher on Friday, following a positive handover from Asia, putting it on track for its strongest weekly gain since mid-September.

AIM WINNERS & LOSERS: Scirocco hails 'watershed' Ruvuma divestment

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

IN BRIEF: Surface Transforms shares surge on up to GBP100 million deal

Surface Transforms PLC - Liverpool-based carbon‐ceramic automotive brake disc manufacturer - Announces selection as tier one sole supplier of its brake discs to an existing mainstream customer named as OEM 10, "one of the world's largest automotive [original equipment manufacturers]". Company's discs will be used in a range of new electric vehicles, with production expected to start in 2027. Expects lifetime revenue on this range to exceed GBP100 million. Deal increases the value of its awarded lifetime contracts to over GBP390 million. It will require capacity beyond its current factory footprint and phase 2 capacity investment programme, but Surface Transforms has "sufficient time to implement the third phase...to provide GBP150 million per year of total sales capacity."

EARNINGS: Metals Exploration gold-boosted interim profit skyrockets

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Wednesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Byotrol loss widens, Surface Transforms sales grow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Surface Transforms non-executive directors invest GBP300,000

Surface Transforms PLC - Liverpool-based maker of carbon‐ceramic material automotive brake discs - Non-Executive Chair David Bundred and non-executive directors Ian Cleminson, Julia Woodhouse, and Matthew Taylor - constituting all the board's non-executive directors - buy 930,608 shares in total, at average price of 32.22 pence, worth GBP300,000, on Wednesday this week and Friday last week. Bundred now has 1.6 million shares, a 0.6% stake, while the other three have less than 750,000 shares each.

IN BRIEF: Surface Transforms expects interim sales to rise 14%

Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre-reinforced ceramic materials - Says sales for the six months to June 30 are expected to be about GBP3.3 million, up 14% from GBP2.9 million a year before. Says within this total, the volume of manufactured discs during the period increase by more than 80%, reflecting the "improvements made in production during 2023; the remainder of the sales in both periods is pre-production development income".

UK shareholder meetings calendar - next 7 days

CORRECT: Surface Transforms appoints James Cropper's Maddock as CFO

(Correcting description of James Cropper PLC).

IN BRIEF: Surface Transforms appoints James Cropper's Maddock as CFO

Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Appoints Isabelle Maddock as Chief Financial Officer from September 4. Maddock was CFO of Liverpool, England-based shipping and marine operations company James Cropper PLC until last week Wednesday, and has 30 years of experience in finance.

Surface Transforms hires SGL Carbon director as future operating chief

(Alliance News) - Surface Transforms PLC on Tuesday said it has appointed a new chief operating officer, who is set to leave his current company for the new role in early September.