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London close: Stocks creep higher again

Tue, 07th Jun 2011 16:41

The top share index inched higher for a second day running on another quiet company news day.UK insurance buyout firm Resolution was wanted after it announced details of a share repurchase programme of up to £250m which is due to start tomorrow. The move is part of its target return of excess cash to shareholders totalling £500m, in conjunction with another £250m to be returned in the first half of next year.In the FTSE 250, healthcare outsourcer Synergy Health perked up after it said its provision of critical healthcare services is helping it to cope with tough economic circumstances as it posted a rise in profits and revenues. Adjusted pre-tax profits in the year to 3 April were up to £38.3m from £32.6m the previous year on revenues that rose to £287.3m from £286.4m. The company, a provider of sterilisation services, lifted its full-year dividend to 15.84p from 13.2p.Struggling CD and DVD retailer HMV moved ahead after it struck a refinancing deal with its banks worth £220m that represents an "important milestone" in securing the company's financial stability.Online print publishing and events firm Vitesse Media sped higher after it doubled annual pre-tax profit and said it expects to see further progress depending on the economic recovery. The group posted a pre-tax profit of £79,937 for the year ended 31 January 201 from a profit of £36,706 a year earlier. Revenue slipped to £3.31m from £3.64m before. Insurance broker and distributor Brightside lived up to its name after it said overall trading in the year to date is ahead of company expectations and it views the remainder of the year with optimism. In a statement ahead of the company's Annual General Meeting later today, chairman Chris Fay said, "Trading in 2011 to date has been strong with an aggregated performance of the business units ahead of initial expectations." Findel, the home shopping group behind the cleaning products brand Kleeneze and supplier of education supplies, delivered a share price rise after it said a resilient performance left it well-placed for the future, despite a fall in profits. In the year to 1 April, pre-tax profits slipped to £7m from £11.7m the previous year on revenues down to £532.6m from £547m. Shares in human resources group Penna Consulting slumped after it nearly fell into losses in the year to 31 March and said it does not expect any significant growth from its recruitment services division in the current year. Pre-tax profits slid to £300,000 from £7.3m the previous year on revenues that fell to £80.2m from £108.5m. The company was hit hard by the government's recruitment freeze.Back in the FTSE 250, oil rig services group Lamprell said that the positive trends seen last year have continued into 2011 and its year-to-date performance has been in line with management expectations.The firm noted that its strong performance in 2010 was driven by elevated oil prices and a turnaround in the new build jackup market which was triggered by the "post-Macondo effect".Shares in IT infrastructure group Phoenix IT were flying after it reported a slight rise in profits for the year to 31 March and signalled its intention to exploit growing demand for 'cloud' computing. Pre-tax profits climbed to £25.3m from £25.2m on revenues that increased to £271.6m from £245.8m.The total dividend goes up to 10.5p a share from 6.45p.FTSE 100 - RisersResolution Ltd. (RSL) 308.30p +2.80%Centrica (CNA) 322.30p +2.48%Legal & General Group (LGEN) 115.60p +1.76%Admiral Group (ADM) 1,737.00p +1.64%Weir Group (WEIR) 2,000.00p +1.52%Lloyds Banking Group (LLOY) 47.60p +1.50%Scottish & Southern Energy (SSE) 1,391.00p +1.46%Standard Life (SL.) 206.20p +1.28%Rio Tinto (RIO) 4,199.00p +1.23%International Power (IPR) 318.60p +1.14%FTSE 100 - FallersWhitbread (WTB) 1,552.00p -1.83%Smiths Group (SMIN) 1,201.00p -1.80%Reed Elsevier (REL) 546.00p -1.80%Amec (AMEC) 1,109.00p -1.60%Randgold Resources Ltd. (RRS) 4,898.00p -1.39%Tesco (TSCO) 412.00p -1.32%ARM Holdings (ARM) 574.00p -1.29%Intertek Group (ITRK) 1,990.00p -1.19%Petrofac Ltd. (PFC) 1,544.00p -1.15%Rolls-Royce Group (RR.) 621.00p -1.04%FTSE 250 - RisersMoneysupermarket.com Group (MONY) 107.30p +5.71%Synergy Health (SYR) 925.00p +5.11%Ferrexpo (FXPO) 470.70p +4.23%Kofax (KFX) 488.00p +3.79%Mitchells & Butlers (MAB) 331.90p +3.75%Dixons Retail (DXNS) 19.39p +3.52%Ashtead Group (AHT) 176.00p +3.41%Avis Europe (AVE) 197.00p +3.14%Sports Direct International (SPD) 227.70p +3.03%Anglo Pacific Group (APF) 309.00p +3.00%FTSE 250 - FallersLaird (LRD) 134.00p -4.08%Renishaw (RSW) 1,717.00p -3.32%SThree (STHR) 393.40p -2.86%Hochschild Mining (HOC) 488.50p -2.30%Imagination Technologies Group (IMG) 492.00p -1.80%Redrow (RDW) 117.00p -1.68%Talvivaara Mining Company (TALV) 470.00p -1.67%London & Stamford Property Ltd. (LSP) 137.80p -1.57%Home Retail Group (HOME) 208.50p -1.56%Invensys (ISYS) 303.00p -1.56%
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17 Apr 2024 15:35

IN BRIEF: Visum Technologies ends negotiations to acquire two firms

Visum Technologies PLC - London-based provider of video technology for the leisure sector - Says all parties have agreed to end negotiations and terminate a previous heads of terms to acquire Socrates Imaging BV and Socrates Imaging Ltd. This is with immediate effect. Says it remains committed to further mergers and acquisitions activity as previously announced and will provide further updates "when suitable".

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2 Apr 2024 15:06

TRADING UPDATES: Insig AI eyes revenue fall; Phoenix Digital sound

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22 Feb 2024 17:36

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22 Dec 2023 15:02

IN BRIEF: Visum Technologies loss widens amid tough theme park market

Visum Technologies PLC - London-based video technology for leisure sector - Pretax loss is GBP961,568 in financial year that ended June 30, widened marginally from GBP858,776. Revenue remains insubstantial at GBP62,593, up from GBP28,445, and administrative expenses increase to GBP965,412 from GBP848,057. Visum says that in its first full year of trading on Aquis Stock Exchange, it maintained all its key contracts while growing its future installation pipeline. In the past few months, Visum has signed collaboration agreements with Captivr GmbH and GoPhoto BV. "It has been challenging to sign new contracts for theme park installations in the last fiscal," says Chair Andrew Edge, "however, we are an agile company that has worked hard to find incremental revenue streams to compensate."

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21 Dec 2023 15:43

UK shareholder meetings calendar - next 7 days

Friday 22 December 
Corcel PLCAGM
European Metals Holdings LtdAGM
Tlou Energy LtdGM re approval to issue convertible loan to ILC Investments Pty Ltd
Wildcat Petroleum PLCAGM
Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
Tremor International LtdAGM
Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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22 Sep 2023 14:04

IN BRIEF: Visum Technologies hails tech collaboration with captivr

Visum Technologies PLC - Northamptonshire, England-based video technology company focused on the global leisure market - Announces collaboration agreement with captivr GmbH, a Germany-based firm focused on 360-degree capture technology for the attractions industry. Says the aim of this collaboration is to establish an exclusive and unparalleled combination offer for visitor attractions, incorporating both 360-degree capability and high-definition personalised video capture, complete with direct integration into social media platforms.

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30 Mar 2023 20:31

TRADING UPDATE: Aquis Exchange profit jumps, TomCo obtains funding

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

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12 Dec 2022 15:43

UK shareholder meetings calendar - next 7 days

Tuesday 13 December 
Amedeo Air Four Plus LtdAGM
Avation PLCAGM
Blancco Technology Group PLCAGM
JD Sports Fashion PLCGM re remuneration policy
Macau Property Opportunities Fund LtdAGM
Softcat PLCAGM
Spectris PLCGM re remuneration policy
Wednesday 14 December 
Fidelity Special Values PLCAGM
Kistos PLCGM re new non-operational entity
Parsley Box Group PLCGM re proposal to become a private limited company
TP Group PLCGM re cash acquisition
Volution Group PLCAGM
Westpac Banking CorpAGM
Thursday 15 December 
Aeorema Communications PLCAGM
Argos Resources LtdAGM
Baillie Gifford Japan Trust PLCAGM
Capricorn Energy PLCGM re proposed share premium account cancellation
Chelverton Growth Trust PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DX Group PLCAGM
DXS International PLCAGM
Glenveagh Properties PLCEGM
Secured Income Fund PLCGM re proposed reduction of capital
Schroder Income Growth Fund PLCAGM
Friday 16 December 
Bellway PLCAGM
Inchcape PLCGM re Derco acquisition
JPMorgan Global Growth & Income PLCGM re proposed combination with JPMorgan Elect PLC
National Australia Bank LtdAGM
Sareum Holdings PLCAGM
Thor Explorations LtdAGM
UP Global Sourcing Holdings PLCAGM
Monday 19 December 
Abingdon Health PLCAGM
Brand Architekts Group PLCAGM
China Nonferrous Gold LtdAGM
DeepMatter Group PLCGM re ordinary shares cancellation
Mila Resources PLCAGM
Purplebricks Group PLCGM re chairman replaced by Harry Hill
Renalytix PLCAGM
RTW Venture Fund LtdEGM
Star Phoenix Group LtdGM re resolution to approve change of auditor
Technology Minerals PLCAGM
Visum Technologies PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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7 Dec 2022 17:52

TRADING UPDATES: musicMagpie eyes results to be in line with guidance

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

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8 Nov 2022 14:36

IN BRIEF: Visum extends North American presence with new agreement

Visum Technologies PLC - Northamptonshire, England-based video technology for leisure market - Enters collaboration agreement with Canada's Kool Replay. Established in 2016, Kool Replay has delivered over 70 projects to zipline and bungee rope operators, waterparks, family centres, and amusement parks in Canada and the US, it says. Visum already has "flagship" clients in place in North America and Europe.

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12 Oct 2022 11:54

Visum Technologies Chief Financial Officer Mike Stilwell to step down

(Alliance News) - Visum Technologies PLC on Wednesday said that Chief Financial Officer Mike Stilwell plans to step down from his part-time executive role on October 31.

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26 Jul 2022 22:16

TRADING UPDATES: De La Rue cancels contract; Apollon buys in Jamaica

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

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1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

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

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31 Jul 2018 13:25

Vitesse Media Plans Fundraise For InvestmentNews Acquisition (ALLISS)

LONDON (Alliance News) - Vitesse Media PLC on Tuesday reported a wider loss and slightly lower revenue as well as a potential GBP22.5 million share placing to make an acquisition.The media

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15 May 2018 14:07

Vitesse Media Former Market Tech CFO David Brown As Finance Director

LONDON (Alliance News) - Vitesse Media PLC said Tuesday it has appointed David Brown as finance director with immediate effect.Brown previously held the position of chief financial officer

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