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Industrial
How has PayPoint accelerated its strategic delivery by acquiring RSM 2000?
February 12, 2021 12:47 AM AEDT| By Kunal SawhneySummary PayPoint Plc had reported a decline of 10.8% in its underlying net revenue from continuing operations to £24.5 million during Q3 FY2021 ended on 31 December 2020. PAY had completed the acquisition of Handepay Limited (“Hande.....
How has Electrocomponents managed to complete two recent acquisitions?
February 09, 2021 01:46 AM AEDT| By Kunal SawhneySummary Electrocomponents Plc had reported a decline in revenue of 7.1% during H1 FY21 ended on 30 September 2020. ECM had acquired Synovos for £110 million on 12 January 2021. The digital sales contributed 62% of total revenue during H1.....
What synergies Volution Group would achieve by acquiring Sweden-based Klimatfabriken?
February 06, 2021 01:31 AM AEDT| By Kunal SawhneySummary Volution Group Plc had reported a surge in revenues of 6.8% during 4M FY21 ended on 30 November 2020. The Company had a sustainable revolving credit facility of £150 million as of 02 December 2020. The Company had achieved its hi.....
Treatt Shares Spike 24% To All-Time High on Raising Profit Guidance for FY21
January 23, 2021 04:47 PM AEDT| By Kunal SawhneySummary Treatt shares soared over 24 per cent on Friday after the company showed better profit guidance for FY21. The profit for the first four months of the present fiscal year is likely to surpass the previous expectations of the board. &n.....
What led Midwich Group to penetrate the Middle East region by acquiring a controlling stake in the NMK Group?
January 22, 2021 02:48 AM AEDT| By Kunal SawhneySummary Midwich Group Plc had anticipated a revenue growth of 4.0% during FY20. The Company had announced regarding the acquisition of 80% stake of NMK Group on 14 December 2020. The Board had anticipated the adjusted profit before tax of arou.....
What factors led Begbies Traynor Group to proceed with its biggest insolvency deal by acquiring CVR Global LLP for £20.8 million?
January 20, 2021 02:08 AM AEDT| By Hina ChowdharySummary Begbies Traynor Group Plc had reported revenue growth of 11% during H1 FY21 ended on 31 October 2020. The Company had completed its biggest insolvency deal by acquiring CVR Global LLP for £20.8 million on 18 January 2021. The net.....
UK Prosecutors Drop Probe Against British American Tobacco (LON: BATS)
January 16, 2021 02:23 AM AEDT| By Hina ChowdharySummary The UK's Serious Fraud Office has closed an investigation of suspicions of corruption on British American Tobacco which started in 2017 The probe was started after reports came in that the company had bribed officials to undermine anti-.....
What Led to A Sudden Fall in Babcock (LON: BAB) Shares?
January 16, 2021 02:18 AM AEDT| By Kunal SawhneySummary Babcock International Group Plc (LON: BAB) has warned that a review of contract profitability could spell fresh dangers for the balance sheet. The underlying operating profit for the three-quarter period slumped by 34 per cent to £.....
Rolls-Royce (LON: RR.) And Factory Workers Reach Deal After Strike Over Job Cuts
January 14, 2021 11:59 PM AEDT| By Hina ChowdharySummmary The long-running dispute at Rolls Royce Holdings Plc has finally been resolved FTSE 100 listed engine maker shall invest in Lancashire-based plant and transform it into a centre of excellence Workers of UK-based jet engine maker, .....
What factors contributed towards a decent recovery shown by SIG during the second half of 2020?
January 14, 2021 01:46 AM AEDT| By Kunal SawhneySummary SIG Plc had forecasted its full-year revenue to drop by 13% to around £1.87 billion during FY20. The like for like revenue for Q4 FY20 went up by 4% compared to the prior year. The Company forecasted it would start delivering und.....
FTSE 250 listed Marshalls Plc (LON: MSLH) to Reinstate Dividend Payment
January 13, 2021 11:52 PM AEDT| By Hina ChowdharySummary The company witnessed strong demand in home improvement in the Domestic end market as sales surged by 9 per cent during the six-month period ended 31 December 2020 The company has decided to reinstate dividend pay-outs with a final divi.....
British Gas Engineers to End Strike but Issue Remains Unresolved
January 11, 2021 11:55 PM AEDT| By Hina ChowdharySummary The five-day strike was called off today without any favourable result. Several thousands of employees participated in the strike but the major issue that remains unsettled is the “fire & rehire policy” Engineers an.....
Mondi Plc (LON: MNDI) to expand its Turkish footprint with the acquisition of Olmuksan
January 06, 2021 06:25 PM AEDT| By Team Kalkine MediaSummary Mondi Plc will be acquiring 90.38 per cent of the outstanding shares in Olmuksan International Paper, a leading Turkish corrugated packaging player. The company will launch an obligatory tender offer after the completion of the transact.....
How has Immotion Group performed after launching its Home-Based Entertainment product in October 2020?
December 25, 2020 01:17 AM AEDT| By Team Kalkine MediaSummary Immotion Group Plc had reported revenue growth of 87% in November 2020 compared to September 2020. Total LEO sales was around 11,000 units with a value exceeding £800,000 as of 22 December 2020. The Company had a cash balance of .....
What led to Halma acquiring Static Systems Holdings Limited for £37 million?
December 23, 2020 04:06 AM AEDT| By Team Kalkine MediaSummary Halma Plc had reported a decline of 5.0% in its revenue during H1 FY21. The Company had sold Fiberguide Industries to Molex for total cash consideration of £28.1 million. The Return on sales of the Company remained flat at 19.7% .....
Centrica (LON: CNA) Faces Industrial Action in Early Next Year on New Employment Contracts
December 19, 2020 11:40 AM AEDT| By Team Kalkine MediaSummary GMB, one of the labour unions of Centrica, is expected to go on strike early next year after a majority of members voted in favour of industrial action against the company. The FTSE 250-listed energy company planned to axe 5,000 jobs an.....
Signature Aviation (LON: SIG) Rejoices on Receiving Two Competing Takeover Offers
December 19, 2020 11:37 AM AEDT| By Hina ChowdharySummary Signature Aviation Plc has received two competing takeover offers recently The Board of Signature has rejected the GIP proposal after evaluating both the offers. GIP and Blackstone are supposed to show their intent to bid or walk away .....
Cairn Energy (LON: CNE) to Complete Sale of Senegal Assets by Year End, Repay Shareholders $250 Million
December 19, 2020 11:26 AM AEDT| By Hina ChowdharySummary Cairn Energy has announced that it will complete the sale of its Senegal offshore assets by the end of this year for nearly $525.0 million in cash, with a further payment possibility of $100 million if certain conditions are met. Out of.....
What are the various developments Goodwin is undergoing for its Refractory Engineering Division?
December 19, 2020 12:34 AM AEDT| By Kunal SawhneySummary Goodwin Plc had reported a decline of 11.0% in its revenue during H1 FY21. The Company will repay its Bank of England CCFF loan before the end of the current financial year. The order book of the Company was robust at £174.0 mill.....
Avon Rubber (LON: AVON) Warns of Delay In Approval And Deliveries In Several US Contracts
December 18, 2020 06:50 PM AEDT| By Team Kalkine MediaSummary Avon Rubber PLC notifies delay in the first deliveries under its ballistics protection contracts with the US Army A failure in the First Article Testing has delayed the approval processes Avon Rubber PLC (LON: AVON), the ma.....
AI on the Rise: A Look at Top AI Companies and Their Stocks