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Small caps round-up: 600 Group, ILX, Renew...

Wed, 02nd Feb 2011 10:28

Engineering firm 600 Group says the improvement in its global markets has continued, with order intake since October 25% above the same period in 2009. The confirmed order book was 40% higher."The recovery of our machine tool and precision engineered component markets in North America has continued, with sales into the European market developing more slowly," it said.E-learning software and business training group ILX has won two "significant new orders" valued at around £100,000. The first is a contract extension with FTSE 250-listed business and technology service company Logica, and the second is also a renewed contract with information provider Thomson Reuters.Shares in engineering and construction services firm Renew rose 15% after it reached an agreement to acquire rail and energy engineer Amco for £19.8m, from a new £15m debt facility and existing cash resources."The acquisition of Amco allows Renew to increase and broaden the scale of its specialist engineering operations, as well as adding to the range of services we can provide to our customers," said chief executive Brian May. More than 50% of the group's revenue will now be derived from specialist engineering.Distribution group Wincanton says results for the year ending 31 March are expected to be in line with expectations, but highlights debt reduction as its priority going forward to address challenging market conditions. "Actions to preserve cash and to curtail losses in underperforming businesses have commenced," the group says.While its Container Logistics, Defence and Construction divisions have performed ahead of expectations, Wincanton notes that as a result of the opening of a new site in the year, the Foodservice business - as previously indicated - was loss making in the period.Jonathan Carroll, chief executive of UK and Canadian tour operator Travelzest, said he was "very delighted" as the company posted a rise in revenues for the year to 31 October.Revenues rose to £43.8m from £38.3m, though pre-tax losses ballooned to £9.9m from £42,000 on a goodwill impairment charge.
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600 Group Confirms Talks With Qingdao D&D Investment

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11 Sep 2013 09:22

STOCKS NEWS EUROPE-AIM index outperforms, 600 Group strong

Junior-listed AIM shares advance 1.1 percent, outperforming the wider market, with the blue chips off 0.1 percent, and the mid-caps 0.3 percent firmer. Engineer 600 Group jumps more than 7 percent after it receives an approach from Qingdao D&D Investment Group, with traders pointing to the

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6 Sep 2012 09:38

600 Group announces share placing and losses

Machine tools business 600 Group says it was hamstrung by the performance of its European operations in the full year to the end of March but has now cut the fat, and raised money to fund investment. In the 12 months to March 31st continuing revenues increased 8.1% to £39.39m but the business turne

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13 Jul 2012 09:57

600 Group completes sale of South African operations

600 Group, a diversified engineering firm, has sold the entire share capital of 600 South Africa after the conditional contract was approved. The operations, which were sold due to difficulties that were being experienced in repatriating net operating income to the parent company, was sold to Eqst

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27 Jul 2011 07:58

Job done, says 600 Group chairman

Engineering firm 600 Group remains cautious in its outlook despite making a good recovery in the past year. The company moved firmly into the black, with pre-tax profit in the 52 weeks to 2 April of £3.58m, versus a loss of £8.72m the year before, after tough market conditions eased over the year

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