Carclo PLC - Surrey, England-based provider of high-precision components - Appoints Ian Tichias as chief financial officer and executive director. Chief Financial Officer Eric Hutchinson will retire on March 31. Tichias was previously CFO at Xaar PLC. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
Carclo PLC - Surrey, England-based provider of high-precision components - Provides trading update for six months ending September 30. Says trading year-to-date is in line with management expectations. Notes US manufacturing rationalisation and improvement programme is on track. Improves net debt to uEbitda ratio through cash management and "leveraging stronger trading". "This progress highlights our unwavering commitment to strengthening our financial health across all operations" company says. Expectations for financial 2025 and 2026 are unchanged with margin expansion to continue as company benefits from operational optimisation. Says is headed toward goal of 10% return on sales and 25% return on capital employed. US operations restructuring is ahead of schedule with final production runs in Tucson complete and is now focused on operational turnaround at Pennsylvania site. Says CTP EMEA manufacturing solutions division has "emerged stronger" following new operations set up. Read More
(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Carclo PLC - Ossett, England-based provider of technical components for use in manufacturing - Says that its lending bank has agreed to extend its banking facilities to the end of 2025. Leaves other terms unchanged. "This agreement reflects our close relationship and the bank's confidence in Carclo," it adds. Read More
(Alliance News) - Carclo PLC on Friday said its full-year performance exceeded its expectations as it saw an improvement in trading in the second half of its financial year. Read More
Carlco PLC - Ossett, England-based provider of technical components for use in manufacturing - Announces the "strategic closure" of its manufacturing facility in Tucson, Arizona. Carclo says that the decision represents the culmination of its US restructuring efforts, through which it is attempting to optimise its "operational footprint". The majority of manufacturing volumes from the Tucson site will be relocated to Carclo's facility in Pennsylvania, a move which the company says will "consolidate our technical and manufacturing expertise", while bringing production closer to its customer bases. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Carclo PLC on Thursday said it anticipates "tough" market conditions in engineering will continue, as it reported a swing to half-year loss. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News)- Abingdon Health PLC on Tuesday named Andrew Feather as its new interim finance director. Read More
Carclo PLC - West Yorkshire, England-based engineering solutions provider - Updates on trading. Says sales at its CTP design & engineering business have exceeded expectations year to date, while the order book remains robust. In the CTP US manufacturing solutions business, a tight labour market has posed operational challenges across all of US facilities. "While the initiation of a significant project with a major customer has seen some delays, and we've observed a softer demand in the early part of the year due to destocking at our customers, we remain optimistic about the future trajectory," company says. The CTP EMEA manufacturing solutions business has emerged stronger post-restructuring with the results are evident in an enhanced operational performance. The Aerospace division is experiencing a notable resurgence, with indicators showing the market is rebounding to its pre-Covid levels. Financially, the focus on cash conversion and margin improvement, rather than just sales growth, is beginning to reflect positively on the balance sheet, Carclo notes. Read More
Carclo PLC - Ossett, England-based supplier of technical plastics products - Chief Financial Officer & Company Secretary David Bedford has resigned effective today. Former Non-Executive Director Eric Hutchinson is promoted to CFO and to company secretary, effective immediately. Hutchinson served as CFO at Spirent Communications PLC for 13 years, then as chief executive officer for six years, before retiring in 2020. He joined Carclo as a non-executive director in January 2021, and was appointed chair of the audit & risk committee two months later. Non-Executive Director Rachel Amey replaces Hutchinson as chair of the audit & risk committee, also with immediate effect. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Formally signs agreement with its lending bank to amend its banking covenants, that was previously announced on June 23. Carclo says that this was an ongoing concern following preliminary annual report, that it had not yet formally signed this agreement. The directors believe that following the formal signing of the revised covenant agreement, that this uncertainty is removed. Read More