Water purifier-to-dispenser specialist Waterlogic (WTL:AIM) is to make its Australian debut through the A$60 million (£38.5 million) cash acquisition of Cool Clear Water. The deal will improve the amount of recurring revenues in the group and enhance its profit margins. The market liked the announcement, sending the shares up 0.5% to 193.5p.
It is not yet a done deal. Waterlogic needs to secure debt financing to fund the acquisition and it is ...
On a quiet day for corporate news, the market is struggling to find direction, having lost all of its gains enjoyed in early trading. Engineers and industrials are among the few large cap risers including a 1.6% gain in Meggitt (MGGT) to 530.5p.
Equity markets may be near 13-year highs despite yesterday’s correction but liquidity remains constrained in the lower reaches of the market with Close Brothers’ (CBG) market making ...
Shares in AIM-quoted oil & gas play Petroceltic (PCI:AIM) fell 3% to 6.5p after its Kamchia-1 exploration well offshore Bulgaria failed to find gas in commercial quantities.
Investors in the sector will be used to much bigger falls when companies report disappointing drilling wells but the reasons for today's muted response are two-fold.
First, this is one of a number of wells the group has planned this year. Prior ...
Car parts-to-bicycles seller Halfords (HFD) reversed 11% to 352.5p on analyst earnings downgrades and a 35% cut in the final dividend to 9.1p. Full-year results revealed a 22% decline in taxable profits to £72 million. Analysts took red pens to forecasts as the £790.2 million cap highlighted the need for additional investment to improve store standards and service levels and drive growth.
Part-nationalised lender Lloyds Banking ...
A takeover approach is usually flagged as a catalyst for a rising share price but in the case of North Sea oil & gas firm Lochard Energy (LHD:AIM) it has prompted a 17.2% fall in the stock to 4.56p.
The reason: the bid from its AIM-quoted peer Parkmead Group (PMG:AIM) came in at a discount to a share price which had already lost more than 40% of its value in the last year. The £14.5 million all-share offer from Parkmead values ...
A fantastic set of full-year results have taken shares in Young's & Co (YNGA) ever nearer to their 874p all-time high in 2007. Today's news pushed up the stock by 2.8% to 840p and cemented Young's position as one of the leading pub operators on the London market.
The business has reported a 13.1% rise in adjusted pre-tax profit to £21.4 million, ahead of market expectations. The dividend's gone up by 5%, representing 16 ...
Such is often the case with out-of-favour stocks the market chose to focus on the negative at media group Future (FUTR) despite this morning’s broadly in-line first-half numbers. The stock fell 5.9% to 16p on the news.
The £57 million cap’s games titles are suffering ahead of the launch of new games systems from Microsoft (MSFT:NDQ) and Sony (NSE:NYSE) resulting in these major advertisers and sponsors deferring advertising ...
Shareholders of the two of the UK's largest banks to have been bailed-out by the tax-payer following the financial crisis have today received good news. Lloyds Banking (LLOY) and Royal Bank of Scotland (RBS) are set to meet the Bank of England’s new capital requirements without having to raise additional funding.
These were the findings a review by the Prudential Regulation Authority (PRA), a financial regulator, to judge if UK ...
Growth in online shopping is helping to boost profits at UK Mail (UKM). The delivery group jumped 10.9% to 510p after reporting a 37% rise in pre-tax profit to £17.8 million. The market also liked news that UK Mail would invest in 'significantly increased automation' across its network as this should be a strong driver for volume growth and improved profit margins.
Shares in soft drinks business Britvic (BVIC) fizzed up almost ...
You really have to look hard, and be quite the humbug, to find anything bad to say about full year figures from Telecom Plus (TEP). A real Cassandra might view a modest 6.2% increase in business club customers a little on the dull side when drawn against a rough 12% rise in residential customers. An alternative stance might be to see any business customers growth at all as pure bonus since the company puts precious little real effort in to ...
SharesMagSteve: @aloadofbankers 1k too many? :) As your biog states P-D, worth doing to excess... 2k here you come!
SharesMagTom: RT @SharesMag: Australia is set to be the next growth region for Waterlogic as we discuss here:
http://t.co/xUNMOKyTWt #WTL
