(Alliance News) - Carclo PLC on Wednesday said its "strategic transformation" is already showing early signs of progress after reporting an annual loss. Read More
Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Reaches agreement with its unnamed "lending bank" to amend the interest cover and net leverage covenants for the testing periods from June 2023 through to the maturity of the current facility in June 2025. Says the agreement remains subject to legal formalities which are expected to be concluded over "the coming weeks." Read More
(Alliance News) - Carclo PLC on Tuesday announced it has reached a settlement agreement with a customer over a cancelled order. Read More
Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Expects profit performance for the year ended March 31 to be below the previous year. For financial 2022, pretax profit was GBP5.1 million. Says it has encountered the "dissolution of a major manufacturing contract, the adverse effects of rising input costs on margins, and increasing interest rates" in financial 2023. Notes its Aerospace division is witnessing a robust recovery as the aviation industry rebounds. Looking ahead, Carclo says it is implementing measures to enhance manufacturing and supply chain efficiency. Expects to deliver improved performance over the medium term. Read More
Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Agrees an amendment with its unnamed lender for the interest cover covenant for March 2023. "This adjustment reflects our strong collaborative relationship and the bank's confidence in Carclo," the company says. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Carclo PLC on Wednesday said a major global original equipment manufacturer has cancelled its 10-year contract with the company. Read More
Carclo PLC - West Yorkshire-based plastic parts manufacturer - Posts revenue of GBP72.2 million for the six months that ended on September 30, up 23% from GBP58.7 million the year before, driven by "growth with new and existing life sciences customers, forex tailwinds and price increases". Pretax profit, however, falls by 61% to GBP1.7 million from GBP4.4 million, which included a Covid-related US government grant income worth GBP2.1 million. Read More
Carclo PLC - West Yorkshire-based plastic parts manufacturer - Promotes David Bedford to chief financial officer and names him as a director, effective from yesterday, as CFO and director Phil White steps down. Says White will retire in June next year to ensure a smooth transition. Read More
(Alliance News) - Carclo PLC on Monday re-appointed Joe Oatley as non-executive chair, as Nick Sanders steps down immediately for "personal reasons". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Carclo PLC - West Yorkshire-based plastic parts manufacturer - Says it has revised and extended its funding agreement with HSBC Holdings PLC and its pension scheme. This arrangement provides access to ongoing bank facilities as well as visibility over repayment schedules until June 2025. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
IN BRIEF: Fulcrum Utility Services' chief executive steps down Read More