The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksXp Power Share News (XPP)

Share Price Information for Xp Power (XPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,566.00
Bid: 1,576.00
Ask: 1,608.00
Change: -86.00 (-5.21%)
Spread: 32.00 (2.03%)
Open: 1,630.00
High: 1,672.00
Low: 1,556.00
Prev. Close: 1,652.00
XPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Bagir Says Cash Insufficient To Carry On

Fri, 03rd Apr 2020 11:41

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Friday and not separately reported by Alliance News:

----------

Bagir Group Ltd - tailor - Trading suspended on AIM as existing orders placed on hold or cancelled by customers, giving limited visibility on future revenue and customer payments. As a result, company does not have enough cash to continue operating as a going concern. Board now assessing options.

----------

Salt Lake Potash Ltd - potash production - All contact with local Wiluna community in Western Australia ceased. Use of airport unaffected, continues to support business. Off-lake civil construction earthworks at Lake Way Project complete. First revenue expected in first quarter of 2021.

----------

DP Aircraft I Ltd - aircraft leasing - Suspends the payment of dividends, as discussions ongoing with Norwegian Air on its lease obligations involving two aircraft.

----------

Cenkos Securities PLC - stockbroker - Defers release of results for 2019 from original date of December 31, but expects to report continued profitability based on strong second half performance. Continuing operations as normal despite staff working remotely.

----------

Anexo Group PLC - credit hire and legal services - Delays publication of 2019 results in line with UK FCA request. Pretax profit expected to be in line with expectations. Defers decision on 2019 dividend payout, as well as proposed opening of new Leeds office. Performance in 2020 to date in line with expectations.

----------

Minoan Group PLC - resort development - Project in Crete not "unduly" affected by Covid-19 outbreak, but company's cash position constrained, and in discussions with loan provider for extension or settlement and restatement. Will publish results for year ended October 31 in April.

----------

Fox Marble Holdings PLC - marble quarrying - Operations in Kosovo deemed essential and allowed to continue, but with operations scaled back to specific projects. Operations in Macedonia significantly scaled back, as demand falls due to travel restrictions in China and Europe. Board to not take salary or fees until operations resume. London head office staff furloughed.

----------

Ceiba Investments Ltd - investment in Cuban real estate and tourism - Will not declare dividend for 2019, and withdraws guidance for future performance. Investee Miramar SA to close all hotels and substantially decrease its workforce. Investee TosCuba to lower capital expenditure on hotel construction in Trinidad, Cuba

----------

Clontarf Energy PLC - oil & gas - "High level" discussions over projects in Ghana and Bolivia postponed. In Ghana, ready to initiate Tano 2A work programme once petroleum agreement is signed and funding secured. In Bolivia, holding discussions with new interim government for proposal on medium-sized salt-lakes.

----------

ReNeuron Group PLC - cell-based therapeutics - Continues internal research projects. Initiates one such programme for utility of company's exosomes in increasing the potency of SARS-CoV-2 coronavirus vaccines. Clinical studies in US now subject to delays.

----------

SME Credit Realisation Fund Ltd - credit investment - To continue cash return to shareholders on quarterly basis, paying quarterly dividend of 1.3125p per share in May. Delays publication of net asset value as at March 31, and suspends share repurchases until NAV is published. Sale of portion of assets delayed.

----------

Adriatic Metals PLC - metals exploration - Exploration activity for Vares project in Bosnia & Herzegovina slightly delayed, but ongoing. Pre-development work continues, but considering deferral of pre-feasibility study to allow additional drilling to be added to an updated mineral resource estimate.

----------

XP Power PLC - critical power components manufacturer - All manufacturing facilities remain operational, as volumes in China recover from February lows, and Vietnam factories operate at normal levels. For first quarter to end of March, revenue up 5% to GBP19.1 million, and orders up 34% to GBP73.1 million. Withdraws final dividend payout of 36p per share.

----------

MediaZest PLC - audio-visual services - Now expects to report post-tax loss for six months ended March 31, as lockdown measures lead to deferred and delayed projects, taking a toll on trading. Expects Covid-19 disruption to last for six months at a minimum and will work to cut costs, wherever possible.

----------

Henry Boot PLC - construction - Closes all sales centres and pauses all construction work aside from sites vital to the NHS. Suspends all existing guidance for future performance.

----------

Intelligent Ultrasound Group PLC - healthcare-focused AI software - Installs BodyWorks Point-of-Care ultrasound simulator alongside Covid-19 lung ultrasound module in NHS Nightingale Hospital at the ExCel exhibition centre in London. The exhibition centre in the Docklands, east London, has been converted into a temporary hospital, with space for 4,000 beds, to treat victims of Covid-19.

----------

Clipper Logistics PLC - logistics services - Wins contract to establish supply chain for personal protective equipment products delivery to NHS Hospital Trusts and other healthcare providers across the UK.

----------

Oracle Power PLC - energy development - Anticipates no significant negative impact on the timelines for the development of Thar Block VI in Pakistan.

----------

OneSavings Bank PLC - mortgage lending - Cancels payment of final dividend for 2019 of 11.2 pence per share.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
24 Mar 2022 09:07

LONDON MARKET OPEN: Next falls after cutting sales and profit guidance

(Alliance News) - Stock prices in London opened mixed on Thursday ahead of a NATO summit in Brussels, while UK retailer Next was lower after downgrading earnings guidance.

Read more
24 Mar 2022 08:08

XP Power facing $40m in damages as US court rules in favour of Comet

(Sharecast News) - XP Power said on Thursday that it may have to cough up $40m in damages after US rival Comet won a trade secret misappropriation lawsuit against the London-listed power solutions provider.

Read more
17 Mar 2022 16:29

UK dividends calendar - next 7 days

Friday 18 March  
Aberdeen Standard Equity Income Trust PLCdividend payment date
CC Japan Income & Growth Trust PLCdividend payment date
Dunelm Group PLCspecial ex-dividend date
Momentum Multi-Asset Value Trust PLCdividend payment date
Pershing Square Holdings Ltddividend payment date
Witan Investment Trust PLCdividend payment date
Monday 21 March 
no events scheduled 
Tuesday 22 March 
Unilever PLCdividend payment date
Wednesday 23 March 
no events scheduled 
Thursday 24 March 
British American Tobacco PLCex-dividend date
Close Brothers Group PLCex-dividend date
CLS Holdings PLCex-dividend date
Craneware PLCex-dividend date
Ferguson PLCex-dividend date
Greggs PLCspecial ex-dividend date
IDOX plcex-dividend date
Jersey Electricity PLCdividend payment date
Mid Wynd International Investment Trust PLCex-dividend date
Nichols PLCex-dividend date
OSB Group PLCex-dividend date
Palace Capital PLCex-dividend date
Pearson PLCex-dividend date
Prudential PLCex-dividend date
Schroders PLCex-dividend date
Volution Group PLCex-dividend date
XP Power Ltdex-dividend date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
2 Mar 2022 09:52

LONDON BROKER RATINGS: Downgrades for AB Foods, BT and Royal Mail

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
1 Mar 2022 14:38

IN BRIEF: XP Power profit drops in 2021 despite revenue growth

XP Power Ltd - FTSE-250 listed Singapore-based maker of power controllers - Revenue is up 33% year-on-year to GBP343.4 million in 2021, from GBP258.0 million. Profit before tax dropped 20% to GBP28.4 million from GBP35.7 million in 2020. Adjusted pretax profit is GBP43.8 million, down 1% year-on-year from GBP46.0 million, with the key adjusting item being an ongoing legal case in North America. Gross margin decreases by 210 basis points to 45%, due to increased freight costs and higher production costs at Vietnamese factory due to Covid.

Read more
1 Mar 2022 07:05

XP Power FY profits slump as margin contraction offsets improved order intake

(Sharecast News) - Critical power control solutions manufacturer XP Power saw reported profits slump in 2021 despite improved order intake and a modest uptick in revenues.

Read more
22 Feb 2022 15:56

UK earnings, trading statements calendar - next 7 days

Wednesday 23 February 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Barclays PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
CAP-XX LtdHalf Year Results
Georgia Capital PLCFull Year Results
International Personal Finance PLCFull Year Results
Irish Residential Properties REIT PLCFull Year Results
Metro Bank PLCFull Year Results
Hochschild Mining PLCFull Year Results
Photo-Me International PLCFull Year Results
Rio Tinto PLCFull Year Results
Seraphim Space Investment Trust PLCHalf Year Results
Ted Baker PLCTrading Statement
Unite Group PLCFull Year Results
Thursday 24 February 
Anglo American PLCFull Year Results
ASA International Group PLCFull Year Results
BAE Systems PLCFull Year Results
Centrica PLCFull Year Results
Conduit Holdings LtdFull Year Results
Derwent London PLCFull Year Results
Drax Group PLCFull Year Results
Genus PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Inchcape PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Rathbone Group PLCFull Year Results
Ricardo PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
St James's Place PLCFull Year Results
Tremor International LtdFull Year Results
WPP PLCFull Year Results
Friday 25 February 
Evraz PLCFull Year Results
IMI PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 28 February 
Associated British Foods PLCTrading Statement
BATM Advanced Communications LtdFull Year Results
Bunzl PLCFull Year Results
CentralNic Group PLCFull Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Kitwave Group PLCFull Year Results
Kosmos Energy LtdQ4 Results
Made Tech Group PLCHalf Year Results
RHI Magnesita NVFull Year Results
Tuesday 1 March 
abrdn PLCFull Year Results
Croda International PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Intertek Group PLCFull Year Results
Man Group PLCFull Year Results
PCI-PAL PLCHalf Year Results
Quartix Technologies PLCFull Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
Rotork PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Vitec Group PLCFull Year Results
XP Power LtdFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
11 Feb 2022 10:37

LONDON BROKER RATINGS: DZ Bank ups Astra to hold; Jefferies ups Smiths

LONDON BROKER RATINGS: DZ Bank ups Astra to hold; Jefferies ups Smiths

Read more
1 Feb 2022 09:37

LONDON BROKER RATINGS: Imperials Brands raised; HSBC likes Fevertree

LONDON BROKER RATINGS: Imperials Brands raised; HSBC likes Fevertree

Read more
31 Jan 2022 17:02

LONDON MARKET CLOSE: Stocks mixed as investors eye central banks

LONDON MARKET CLOSE: Stocks mixed as investors eye central banks

Read more
31 Jan 2022 10:46

XP Power acquires two German power businesses for EUR39 million

XP Power acquires two German power businesses for EUR39 million

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
31 Jan 2022 07:19

XP Power in £33m German spending spree

(Sharecast News) - XP Power said it had bought the German firms FuG Elektronik and Guth High Voltage from Dr Simon Consulting for €39m in cash (£32.8m).

Read more
12 Jan 2022 00:37

XP Power sees annual profit below forecasts after supply chain issues

(Sharecast News) - XP Power said it expected annual operating profit to be "modestly below" market forecasts due to supply chain issues during the final quarter.

Read more
11 Jan 2022 21:28

XP Power falls short in last quarter but 2022 order book looking thick

XP Power falls short in last quarter but 2022 order book looking thick

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.