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In accordance with Rule 19.11 of the Code, a copy of this announcement will be published on the SDI website: www.sdigroup.com. Forward-looking Statements This announcement, including information included or incorporated by reference in this announcement, may contain 'forward-looking statements' co
Read moreStruggling automated warehousing systems firm SDI Group has received a bid approach from existing management at a 23% discount to Friday's closing price. The management buyout (MBO) team, which includes chief executive Gordon Smith, has offered to pay just 2.6p a share for SDI, valuing the business
Read moreShares in SDI plunged after the automated warehousing systems firm warned that delays to a number of new projects will hit full year results. "Whilst the group's project pipeline is reasonably robust, the start of a number of projects have been delayed longer than the group expected and revenues an
Read moreSDI swung into the black at the half-way stage, although the automated warehousing systems firm said the outlook remains "tough". There was a profit of £305,000 in the six months to 30 September versus a loss of £2.6m in the half year to 31 May 2008 (the year end has now moved from November to Marc
Read moreShares in stockbroker Shore Capital have almost tripled in value since April, but non-executive director Barclay Douglas thinks there's more to come. The accountant has spent £92,000 on 250,000 shares at 36.75p each. He now owns 1.25m shares, or half a per cent of the company. Shore received a sho
Read moreSoutheast Asia-focused oil and gas explorer Coastal Energy Company kept up its recent rally, almost 40% this month, on news that its chairman opened his account. Bernard de Combret, former deputy chairman of the executive board of French oil giant Total, bought 166,600 Coastal shares at CAN$2.878 e
Read moreAfter a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreBanks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreAutomated warehousing systems firm SDI is feeling optimistic on the back of an increasing number of contract wins, despite tumbling into the red. The company made a loss before tax and exceptional items of £0.5m in the 16 months to 31 March 2009, compared to a profit before tax of £1.06m in 2007. A
Read moreRestaurant group Carluccio's said that it is no longer involved in discussions relating to a potential takeover of the company. Helius Energy, which installs biomass-powered renewable electricity generation plants, moved into profit in the half year to March 31 after selling its first project to R
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