(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
(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