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Commercial electric vehicles manufacturer Tanfield says that its US associate company Smith Electric Vehicles US (SEV US) has paid $1m in return for an exclusivity period of 60 days to complete its merger with the UK-based Smith Electric Vehicles. Heads of Terms were agreed in August and Kansas Cit
Read moreTanfield directors have rejected a proposal from UK-based Liberty Electric Cars to combine their businesses and Liberty is appealing directly to the commercial electric vehicles manufacturer's shareholders. Liberty initially proposes a share swap which would give it a majority interest in Tanfiel
Read moreTwo directors of commercial electric vehicles manufacturer Tanfield have added to their holdings and sparked a jump in the share price. The shares have risen by one-third to 19.75p each. AIM-quoted Tanfield raised £1.8m after expenses from a recent open offer to shareholders at 10p a share but thi
Read moreIt's still a mess at green energy producer Renewable Power & Light (RPL), with new management working hard to sort out a "Buggers Muddle!" that caused the business to collapse with losses of $90m. More than $3.5m has been spent on litigation against the company's former chief executive, which resul
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BODYCOTE PLC (BOY.LN), an engineer, Friday said 2010 earnings will be "significantly" ahead of market forecasts. Bodycote, which specializes in heat
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SURETRACK MONITORING PLC (STMP.PM) Friday said it plans to raise about GBP1.4 million through a share placing and will list its shares on the Alternative
Read moreLONDON (Dow Jones)--The Tanfield Group PLC (TAN.LN) said Friday it remains in talks with Smith Electric Vehicles U.S., or SEVUS, over the assets of the Smith Electric Vehicles business, adding that it has extended the exclusivity period by 60 days. On March 10 Tanfield, an electric vehicle compa
Read moreShares in Tanfield, the manufacturer of aerial work platforms and commercial electric vehicles, were down in the basement on Friday as the company plunged into the red. "As we predicted, 2009 was a tough year for the group and we expect 2010 will also be challenging," said the chairman of Tanfield,
Read moreUpmarket jeweller Theo Fennell has raised £1.5m through a placing of 3.95m new shares at 38p. Fenell's largest institutional shareholders are supporting this fundraising alongside chief executive Barbara Snoad, chairman Rupert Hambro, and non-exec Roger Pedder, who together subscribed for a total o
Read moreBP is set to enter the deep waters off the coast of Brazil, one of the world's most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets from Devon Energy. A deal could be announced as early as Thursday, according to people familiar with negotiations, says the
Read moreLondon equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreTanfield Group, manufacturer of aerial work platforms and commercial electric vehicles, is to get its old chairman back in the new year. Jon Pither, who was chairman of Tanfield from December 2003 to June 2005, will take over from Roy Stanley as non-executive chairman with effect from 1 January 201
Read moreRetailers are lower, most notably Marks & Spencer, which posted another fall in quarterly like-for-like sales, although these were better than expected, suggesting consumer confidence may be creeping back. Alexon Group, the ladies clothing specialist, was the heaviest faller in the sector after sa
Read moreTanfield Group, manufacturer of aerial work platforms and commercial electric vehicles, saw turnover slump 68% in the half year as it continued to experience volatility in all its market sectors due to the worldwide recession. Turnover fell to £29.9m against the £92.8m posted in the same period la
Read moreAfter a lacklustre start to the day, the FTSE 100 finished with good gains, helped by a strong performance on Wall Street. US stocks were helped by a rise in durable goods orders, which climbed 1.8% in May, against expectations of 0.9% fall. Miners Kazakhmys, ENRC and Vedanta were in demand on the
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