TPG.L Share News (TPG)

TP Group widens annual loss in "challenging" year as costs rise

(Alliance News) - TP Group PLC on Monday reported a widened pretax loss in a "challenging" 2021.

IN BRIEF: TP Group completes sale of Sapienza Consulting

TP Group PLC - Wincanton, England-based consulting, software and engineering company - Completes the sale of Sapienza Consulting Holdings BV to a wholly owned subsidiary of Serco Group PLC, a FTSE 250-listed outsourcer. Half of the net proceeds, around GBP1 million, will now be used to part repay the company's GBP7 million loan facility with HSBC Bank PLC.

IN BRIEF: TP Group shares drop as it expects annual loss to widen

TP Group PLC - Wincanton, England-based consulting, software and engineering company - Provides an update on the board's current expectations for delayed results for the year ended on December 31, 2021. It anticipates a widened pretax loss for 2021 to be GBP7.4 million compared to GBP3.6 million a year ago, as it cites "one-off loan arrangement fees [which] increased the finance costs by GBP200,000 to GBP500,000 year on year". Operating loss is expected to widen to GBP6.9 million from GBP3.3 million. Gross profit is also expected to drop to GBP7.5 million from GBP8.5million year-on-year.

UK shareholder meetings calendar - next 7 days

IN BRIEF: TP Group delays 2021 results to settle legacy contracts

TP Group PLC - Wincanton, England-based consulting, software and engineering company - Granted additional time to file annual results by AIM Regulation as it continues audit process.

TRADING UPDATES: DP Eurasia posts strong sales growth on Turkey demand

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

TP Group sells Northstar software to QinetiQ

(Sharecast News) - TP Group announced on Friday that it has agreed to sell its Northstar autonomous navigation software to QinetiQ for cash consideration of £0.6m.

TRADING UPDATES: Yooma, Love Hemp in UK boost; Peel Hunt tops forecast

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

IN BRIEF: TP Group expects added charges from impairments, provisions

TP Group PLC - Wincanton, England-based consulting, software and engineering company - As at December 31, net debt stands at GBP1.6 million, while cash position is GBP5.4 million.

TP Group making 'difficult decisions' over legacy maritime contracts

(Sharecast News) - Engineering and consulting company TP Group said in an update on Friday that at the end of 2021 its net debt totalled £1.6m, with £5.4m of cash, £7m of bank debt, and the Science Group loan undrawn.

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

EXECUTIVE CHANGES: TP chair resigns amid pressure from Science Group

EXECUTIVE CHANGES: TP chair resigns amid pressure from Science Group

IN BRIEF: Science Group seeks removal of TP Group chair

IN BRIEF: Science Group seeks removal of TP Group chair

EXECUTIVE CHANGES: Purplebricks CFO exits; TP adds Science Group reps

EXECUTIVE CHANGES: Purplebricks CFO exits; TP adds Science Group reps

EXECUTIVE CHANGES: 3i, Best of the Best and HICL appoint new chairs

EXECUTIVE CHANGES: 3i, Best of the Best and HICL appoint new chairs