The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SWL/12841816.html
This market leader in the development, formulation, and supply of personal care and beauty products; whose customers include many of the world's leading brands, is pleased to announce that its premium beauty brand, Bagsy, was recognised at this year's annual Cosmetic Executive Women ("CEW") Awards. CEW is a not-for-profit professional organisation with more than 1,000 members in the United Kingdom, from the beauty industry and related fields. Bagsy's 'Wonder Wand' won the award for 'Best New Makeup Product for Face - Mass'. Bagsy was launched in 2015 and has been building market presence since then, most notably in Debenhams. In March this year, Swallowfield confirmed a collaboration with Fashion designer Savannah Miller to develop a capsule collection of innovative new products to support future growth of the brand. Jane Fletcher, Group Sales & Marketing Director at Swallowfield, commented: "The CEW Awards are highly regarded in our industry and so we are very proud of this win. In particular, we're thrilled to have such a positive response from our peers at such an early stage of the brand's development."
announces the following trading update ahead of the announcement of its interim results for the six months ended 31 March 2016, scheduled to be released on Wednesday, 8 June 2016. The Group's trading results for the six month period ending 31 March 2016 are in line with market expectations and will show both revenue and profit growth. Together with this good start to the year, a strong sales order intake and a high order book as at 31 March 2016, will place the Group in a good position to achieve market forecasts for the year ending 30 September 2016. Revenue will show growth to just below £10 million, compared with £9 million and operating profit will be just under £1.5 million compared with £1.37 million in the equivalent period last year. Sales order intake was over £6 million (compared with £4.94 million in the prior year period) and included over £2 million of business gained from new customers, exceeding the total value of business gained from new customers during the whole of the financial year ended 30 September 2015. Reflecting this sales success, the Group's order book at 31 March 2016 stood at £3.20 million (31 March 2015: £2.84 million), whilst pre-contracted recurring revenues continued to grow and now represent 53% of total revenue. The net cash balance at 31 March 2016 was £3.39 million, reflecting strong cash generation and included the payment of the final deferred consideration of £1.54 million in respect of 2013 and 2014 acquisitions. The Sanderson Digital Retail businesses which operate in very active and rapidly developing markets continued to make progress. Digital Retail grew revenue in the period, although short-term profitability in the six month period was affected by the planned further investment in management, sales and delivery capacity in anticipation of continued rapid growth in the digital retail market. Sales prospects remain good and notwithstanding some current nervousness in the retail sector, a strong full year performance is expected. As reported in the trading statement which accompanied the Annual General Meeting on 3 March 2016, the Group's Enterprise businesses which have benefited from increased investment in their sales and marketing capability over the last two years, have made further strong progress in the year to date. The Manufacturing business, very much driven by the food and drink processing sector, has gained almost a million pounds of orders from new customers. The Group businesses which focus on the supply of solutions to the wholesale distribution and logistics sectors have also traded very well and gained a high level of sales orders. The Enterprise businesses go into the second half with very strong order books, the majority of which is scheduled to be delivered before the Group's financial year-end on 30 September 2016. The Group continues to seek complementary acquisitions and a number of opportunities
At the General Meeting of the Company held on 29 March 2016 ("General Meeting"), resolutions were passed approving a Capital Reduction, as defined in the Notice of General Meeting, conditional upon approval by the Companies Court of the Chancery Division in the High Court of Justice (the "Court"). Following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the Capital Reduction has now become effective. Accordingly, the Company, at the date hereof, now has positive distributable reserves which puts the Company in a position to be able to pay dividends and/or buy back its shares, subject to shareholder approval in the case of buy backs, in future, should it be appropriate to do so.
EPO announces an agreement with Ria Money Transfer ("Ria"), the third largest global money transfer company. Earthport provides Ria with access to a global payment network which complements Ria's existing bank deposit services. Earthport's global payment solution enables complete transparency into the transaction, giving customers and merchants the ability to determine when funds will be credited to a beneficiary's bank account. Through a single, managed relationship with Earthport, Ria will gain access to over 60 domestic clearing schemes. Juan Bianchi, Ria Money Transfer President & CEO said, "Earthport provides an efficient, global payment network that will further enhance Ria's world class bank deposit services. This partnership will enable us to reach even more bank deposit customers around the world with fast, secure and affordable money transfers." Daniel Marovitz, Earthport President Europe, commented: "Ria Money Transfer is a globally recognised money transfer company and Earthport is delighted to be collaborating with them to enhance their product offering. We look forward to working with Ria and are confident this will be a productive relationship going forward."
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NPT/12744751.html
announces that its board of directors has recommended the payment of a final dividend comprising 0.34 pence per share plus an additional special dividend of 0.68 pence per share. This special dividend proposal together with the final dividend and the interim dividend (paid in October 2015) brings the total dividend to 1.24 pence per share. The final dividend and special dividend are subject to shareholder approval, which will need to be ratified at the Annual General Meeting (AGM), which is expected to be held on 12 May 2016. A formal notice of the AGM will be circulated in due course to shareholders, published on the Company's website and announced via the Regulatory News Service. In respect of the final dividend, the board of directors has approved an ex-dividend date of 19 May 2016 and a record date of 20 May 2016. In respect of the special dividend, the board of directors has approved an ex-dividend date of 26 May 2016 and a record date of 27 May 2016. Both dividends, if approved, will be paid on 9 June 2016.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PEG/12739813.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AUK/12694573.html
QM Systems, a wholly-owned subsidiary of PipeHawk, is pleased to announce that it has been awarded a further major contract with Dana UK Axle Ltd, a subsidiary of Dana Holding Corporation to deliver a turnkey system for the final assembly of vehicle axles at its Birmingham, UK facility for over £400,000. Following on from the award of the previous contract in December 2015, this new contract continues the development of the relationship between QM Systems and Dana UK Axle Ltd in providing state-of-the-art turnkey production and test solutions. The project is due for delivery by the end of Q2 2016. Gordon Watt, Chairman of PipeHawk commented, "This is great news for QM Systems and marks the continued development of QM Systems’s unique business model in providing specialised turnkey manufacturing solutions to all industries."
the Birmingham based property group and UK listed Real Estate Investment Trust, announces a successful letting at Peat House in Leicester City Centre. Bellrock FM has leased 21,715 sq ft on a new 10 year lease at £282,295 net p.a., the building is now almost fully let producing £494,130 p.a., other tenants include KPMG and Weightmans Solictors with an ERV of £562,835. During 2015 contracted rents have risen to £11.9m at the year end, up 54.5% (2014: £7.7m). Additionally, the Company has agreed a new £30m, 5 year term loan facility with Royal Bank of Scotland, on an interest only basis at a margin of 1.75% over LIBOR, secured against part of the Company's unencumbered property portfolio. Paul Bassi, CEO of REI said "Our contracted rents have seen excellent growth during 2015, and with our acquisition pipeline and improvement in occupier demand, we anticipate further growth during 2016, which will firmly support our commitment to continue to grow our dividend payment. "The new bank facilities, together with existing cash, provide the capital to secure properties from our known pipeline, and grow our portfolio to in excess of £200m during 2016, subject to opportunistic sales."
Hi shan: Somehow have to agree with the developments. Looks like posts from shaa have gone.
six month period ended 31 December 2015 ("H1 FY16"). · Financial and Transactional Highlights o Revenues expected to be in excess of £10.5 million § An increase of 18% compared to H1 FY15 § Revenue growth would be higher without the impact of restructuring certain business lines as detailed below. o Transactional revenues comprised more than 85% of total revenue o Gross margin remained consistent at approximately 75% o Cash balance at period end was over £24 million following accelerated investments in regional expansion and product development described below o Monetary value of transactions processed increased more than 60% from H1 FY15 § Year-end run-rate in excess of $11 billion and growing o Transaction volume increased more than 70% from H1 FY15 · Market Position and Strategic Progress o The Earthport Payment Network recognised as a unique and credible solution for resolving the inefficiencies and short-comings of the traditional cross-border payments model o Client growth and accelerating adoption has been achieved across all market segments: § 6 of the top 25 global Banks § 9 of the top traditional and emerging Money Transfer Organisation's § 7 of the key "challenger" international payment companies § Processing payments for some of the fastest growing and leading ecommerce and shared economy companies o Continued focus on expansion of the Earthport Payments Network with the successful establishment of new network partnerships in major Asian and Caribbean markets o Executed payments across 182 destination countries, in 54 currencies
This fast growing AIM listed self-storage company, announces the agreement of a new banking facility on improved terms with Royal Bank of Scotland plc. The new £40 million five year revolving credit facility will replace the existing facility which was due to expire in October 2016, and will provide funding for site acquisitions and working capital. The margin on the new facility will be at the London Inter-Bank Offer Rate (LIBOR) plus 1.40%-1.65% margin based on a loan to value covenant test (1.40% currently). This is a marked improvement on the existing 2.35%-2.65% margin and the Group will therefore benefit from a lower average cost of debt and improved cash flow. Loan to value covenants are in line with the previous facility. Andrew Jacobs CEO of Lok'nStore Group said; "This new banking facility with its substantially improved terms and structure underlines the financial strength of Lok'nStore with its modest gearing, valuable property assets and strong and growing cash flow. "This new facility will save approximately one penny per share per annum of funds from operation (FFO*) lending support to our ability to pay progressive dividends, and will enable the Group to continue to execute its current growth strategy with 3 new stores opening over the coming months." Lok'nStore will announce its preliminary interim results for the 6 months to January 2016 on Monday 25 April 2016. *FFO Funds from operations is defined as EBITDA minus net finance cost on operating assets
This global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the 12 months to 31 December 2015 . Sales revenue and invoiced sales for the period are expected to be ahead of the prior year with GAAP revenue for 2015 of approximately US$25M. In addition the Company's operating cost base is lower than in 2014 so it is anticipated that the adjusted EBITDA loss will be better than current market expectations. Jay Shaw, Chief Executive Officer of NetDimensions, said: "We have continued to see growth in our client base, particularly in our targeted area of high consequence industries, and are pleased to report trading for 2015 is in line with market expectations."
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FXPO/12649144.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SVE/12648013.html
The Market has taken a shine to EPO by raising the ASK by over 19%. Strong share price performance looks the order of the day. Some good news looks imminent and a potential regulatory news announcement looks likely.
has won several major LED Lighting contracts totalling over £1.15m. Imtech Inviron has awarded Minimise Energy a contract to supply and install energy efficient LED lighting at 18 London Fire Brigade fire stations. The contract is part of the first phase of the Brigade's energy efficiency upgrade under the Mayor of London's RE:FIT framework, a programme designed to reduce carbon emissions in Greater London, and will lead to a combined energy saving across all 18 sites of an estimated 385,982kWh. This is one of several new projects recently undertaken with this client. Minimise Energy has also been contracted by existing client Royal Mail Group to supply and install LED lighting solutions at five new sites. This follows work successfully completed in 2015 and is a further extension of the Group's on-going energy efficiency programme for the client. A substantial new contract has also been awarded by Cofely Energy Services, to supply and install LED lighting at a major London university. This contract includes three of its largest buildings and is also delivered under the Mayor of London's RE:FIT framework. This is the first LED lighting project delivered working with Cofely Energy Services. Finally, a contract to replace outdated lighting at five key Eastbourne Borough Council buildings, including Eastbourne Town Hall, has been awarded to Minimise Energy by Kier Services. The delivery of this energy efficiency programme, which will cut lighting energy consumption by an estimated 64%, has already commenced. These new contract wins offer significant opportunity for future development and demonstrate the success of the Groups' revised strategy and re-focus following last year's operational review. Significantly, along with existing work streams, all projects will be delivered in the first quarter of calendar 2016.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/STI/12633025.html