deo no new news1 Jun 2010 11:52
Date: Wednesday 05 May 2010
LONDON (ShareCast) - Shares in Global Brands charged forward as the Domino’s Pizza franchise holder in Switzerland reported strong trading in 2010 to follow a good end to 2009.
Global says January sales increased 7.4% on January 2009, February sales increased 11.2%, March sales increased 14.5% and April sales increased 19.1%. Losses last year, 2009, came in at Sfr3m on sales of Sfr11.8m.
“We now look forward with confidence for the remainder of 2010 and beyond. By the end of 2010 we plan to have opened five further stores. Over the longer term, we intend expanding the Domino's network to 50 stores in Switzerland, with 20 Company-owned stores and 30 sub-franchisees,” chairman Simon Bentley said.
Leisure hotel operator Japan Leisure has cautioned that trading to date in 2010 continues to be very challenging and revenue levels are falling short of 2009, though occupancy rates remain above 240%. Last year, 2009, the hotel group saw revenues rise to Y1,2bn from Y1.18bn, though profits dipped to Y43.5m from Y566m and revenue per room declined. There is a dividend of 1p.
Plethora Solutions has today completed a placing to raise £550,000 consisting of £255,000 of convertible loan notes and the issue of 2,360,000 new ordinary shares of 1p each at a placing price of 12.5p per share. The new funds will help accelerate growth at marketing subsidiary, The Urology Company.
Sunrise Diamonds has secured a three year option agreement to acquire a 100% interest in the previously producing Long Lake Gold Mine located 20km south-west of the City of Sudbury, Ontario (Canada). The claims also cover potential extensions to the currently producing Copper Cliff dyke system.
Hotel group NH Hoteles is to use d2w Controlled-life Plastic technology, developed by Symphony in all of its shampoo bottles, laundry bags, carrier bags, bin liners and branded packaging throughout its 393 hotels. This is the first environmental agreement between a major hotel group and a degradable plastics company, Symphony says.
Emissions control systems manufacturer Catalytic Solutions is in talks with its secured lender over extending the deadline, which expired on April 30, on its debt payment obligations after running into liquidity problems. The company is exploring numerous recapitalisation options and warned that failure to recapitalise could jeopardise the existence of the company.
In 2009 the company its net loss from continuing operations more than halve to $9.5m from $19.9m the year before on revenue that eased to $50.5m from $52.6m.
Cash and cash equivalents at the end of the year had slipped to $2.3m from $6.7m at the end of 2008.
Chinese video surveillance firm BlueStar SecuTech said trading for the second half of its financial year, which runs to end-March, has been solid with revenue running around 50% ahead of the corresponding period of the previous year. Both revenue and profit are expected t