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Tue, 17th Jul 2012 09:08
LONDON (Alliance News) - Tanfield Group PLC Tuesday said it had decided to support the capital restructuring and listing plans of Smith Electric Vehicles US, even though the deal will dilute its shareholding in Smith. In a statement, the investment company said it had signed a deal which co
Read moreLONDON (Alliance News) - Tanfield Group PLC Tuesday said it had signed a deal with Smith Electric Vehicles US which conditionally binds it to sign consents to allow Smith to raise funding up to USD30 million and to restructure the capital of the company. The news comes after Tanfield last w
Read moreLONDON (Alliance News) - Tanfield Group PLC Monday said that Smith Electric Vehicles, one of the two companies it is invested in, has reached a deal which would see battery technology company Sinopoly Battery Ltd make a strategic investment in the firm, and has also signed a letter of intent with
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The FTSE small cap index and junior-listed AIM shares fall 0.5 percent and 1.2 percent respectively, underperforming the mid-caps and the blue chips, both down 0.4 percent. Amara Mining climbs 4.2 percent as it continues to receive favourable broker commentary following the preliminary ass
Read moreElectric vehicle investment firm Tanfield Group is reviewing its investment strategy after news that a fundraising needed by its Smith Electric Vehicles arm could significantly dilute its stake, hitting its shares. Tanfield, which owns 24% of SEV, said SEV needed more investment to survive and to a
Read moreLONDON (Alliance News) - The strong start to the year for UK initial public offerings continued Friday as Boohoo.com became the fifth UK retailer to float in 2014, conditional dealings for oil rigs company Gulf Marine Services got under way, and OneSav
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
J Sainsbury, up 3.2%, and Tesco, up 0.9%. The food retai
LONDON (Alliance News) - Investing company Tanfield Group PLC Friday said its two passive investments, Snorkel International Holdings and Smith Electric Vehicles Corp, performed well during 2013, as it sold its loss-making engineering business in December. Tanfield said Snorkel, a manufactu
Read moreThe FTSE AIM All Share Index is up by 0.5 percent in mid-session trade, outperforming a flat FTSE 100 blue-chip index and a 0.2 percent dip on the FTSE 250 mid-cap index. The broader FTSE Small Caps Index slips 0.1 percent. Clear Leisure, a company whose leisure industry assets inclu
Read moreTanfield Group reported smaller full-year losses but said it had reined in production in its final quarter to protect cash and it required additional working capital. Shares in the aerial lift manufacturer had fallen 3.58% to 22.9p by 09:58 on Friday.. The aerial lift manufacturer reported pre-tax
Read moreAbcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
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