Member Info for jange

The average price achieved for self-storage space was £18.51 per square foot (sq. ft) per annum at January 31st, 2012, down 1.2% from a year earlier (2011: £18.73 per sq. ft per annum). This compares with the average of £21.97 for the UK industry and £21.87 for the South East region, according to a Self-Storage Association Survey conducted in 2011.

Year-on-year, the EBITDA margin across all stores increased from 45.9% to 46.2%. The EBITDA margins of the freehold stores were 58.9% and the leasehold stores achieved 30.7% (2011: 58.2% and 30.0% respectively). The occupancy of the stores was down 0.6% to 55.9% of current lettable area year-to-year.

Underlying group earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 12.6% to £1.93m from £1.71m the year but profit before tax slipped to £0.47m from £0.60m, as the company swallowed a £0.15m bank loan refinancing cost, while finance costs rose to £0.37m from £0.26m the year before, as the company's new, more expensive, banking facility kicked in during October.

nvestors were tucking away shares of Lok'n'Store after the storage facilities provider racked up record turnover and adjusted earnings at the interim stage. Revenue in the six months to the end of January rose 18.2% to £6.41m from £5.42m in the corresponding period the year before.

Eckoh remains confident in its prospects and anticipate the trend of growth in recent years is set to continue and intends to pursue a progressive dividend policy.

The increased level of investment will remain in order to ensure that the high levels of demand for speech enabled services currently being experienced within the market continue to be maximized by the group," it added.

The firm has continued to expand the size of its VoiceXML speech recognition platform, while increasing office space by 50%. It has also created a new development team to deliver customer care mobile applications to complement its existing offering.

Eckoh expects to report its fourth successive year of double-digit revenue growth. Chief executive officer Nik Philpot commented, "With global brands such as Apple, Google and Microsoft continuing to popularise the use of speech recognition, the interest in our speech technology has never been higher."

Speech recognition company Eckoh said it continues to experience significant growth across its operations and expects results for the year ended 31 March 2012 to be in line with market expectations. The group, which provides payment solutions across voice, web and mobile channels, said its strong performance was underpinned by further investment in its technology platform and the acquisition of key people for the business.

Digital Learning Marketplace (DLM), which makes education software, has acquired the global distribution rights to a so-called "employee engagement tool" created by People First. The programme, called "An Even Better Place to Work" will now be digitised and "gamified" by DLM which also takes over ongoing contracts with customers including the NHS, Siemens, Emirates, and Black & Decker.

Model train and Scalextric slot-racing games maker Hornby has indicated that underlying profit before tax for the year to the end of March will be not less than £4.5m after a subdued finish to the financial year. The market was expecting full-year profit before tax of £6.45m prior to the latest trading update, which is sure to be interpreted as a profits warning. The group's international business traded strongly in the first three months of the year and made a positive contribution, the group said. "The performance of our international business continues to improve and our London 2012 Games range of merchandise is proving to be increasingly popular," said Neil Johnson, Chairman of Hornby.

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Model train and Scalextric slot-racing games maker Hornby has indicated that underlying profit before tax for the year to the end of March will be not less than £4.5m after a subdued finish to the financial year. The market was expecting full-year profit before tax of £6.45m prior to the latest trading update, which is sure to be interpreted as a profits warning. The group's international business traded strongly in the first three months of the year and made a positive contribution, the group said. "The performance of our international business continues to improve and our London 2012 Games range of merchandise is proving to be increasingly popular," said Neil Johnson, Chairman of Hornby.

Intandem Films, the London and Los Angeles based international film group, will co-produce 10 Things I Hate About Life, and sell the film internationally. The company will also distribute the film in the UK. The script has been written and the film will be directed by Gil Junger, the director of the globally successful 10 Things I Hate About You starring the late Heath Ledger.

"At a time when energy storage and power capacity is so critical in a number of consumer and automotive markets, Nexeon's battery technology couldn't be better positioned," he said. "Meanwhile, Circassia's novel approach to the huge allergy market is making excellent progress with its proprietary Tolermune technology which tolerises the body to the allergen, such as cat, ragweed, house dust mite or grass."

During this time it invested £10.4m in 14 portfolio companies, compared with £6.3m in 2010/11. Since the end of this period, the group said it had continued to invest in its portfolio companies investing £15.3m in eight companies. "We have over £100m available to back further our top companies, as well as maintaining our very active programme of investing in new enterprises from the four leading research-based universities," said Chairman Martin Knight.

Imperial Innovations, which invests in the commercialisation of technology, kept piling cash into new ventures despite profits falling in the first half. The firm said profits during the six months to the end of January were £0.9m, down from £1.3m the year before.

"The deployment of the LightSquared network remains a substantive revenue opportunity for Inmarsat, through Phase 2 of the co-operation agreement, and Inmarsat believes this amendment is in the best interests of Inmarsat's shareholders,2 the statement concluded.

As a result of the new agreement, notices of payment default issued by Inmarsat to LightSquared will no longer have any effect, the statement from Inmarsat said. The revised agreement gives LightSquared a bit of breathing space which it will use to try to secure regulatory consents for the deployment of its Ancillary Terrestrial Component network in North America.

Inmarsat has agreed to suspend Phase 2 of the co-ooperation Agreement until March 31st, 2014, and with it the obligation to make Phase 2 payments, including the formerly overdue payment of $29.6m which became due at the end of March. On April 1st, 2014, or earlier if LightSquared so wishes, Phase 2 payments will recommence from that date based on a restructured payment plan that will differ from the previous Phase 2 payments and be dependent on certain future outcomes with regard to deployment of the LightSquared network. A payment due on April 4th, 2012, in relation to Phase 1.5 of the co-ooperation Agreement has been renegotiated within the scope of the amended terms for Phase 2.