TRADING UPDATES: Checkit eyes GBP3 million cost savings from revamp
8th Apr 2025 21:42
(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 Tuesday and not separately reported by Alliance News: Read More
Crimson Tide PLC - Kent, England-based software developer - Chief Executive Officer Phil Meyers steps down from his role immediately. Chief Finance Officer Peter Hurter is stepping down from his role after the company's annual general meeting in June. Founder Barrie Whipp steps in as interim executive chair. Last week Wednesday, Crimson Tide announced that shareholders had voted down a proposed merger with Cambridge, England based workflow management software provider Checkit PLC. The voting results at the General Meeting showed 51.3% of shareholders voted against the merger, compared to 48.7% in favour. Read More
(Alliance News) - Crimson Tide PLC on Wednesday said shareholders have voted down its proposed merger with Checkit PLC. Read More
(Alliance News) - London's FTSE 100 was flat heading to Tuesday afternoon, awaiting direction from central bank chiefs from either side of the Atlantic. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Crimson Tide PLC on Tuesday agreed to an all-share takeover by Checkit PLC worth GBP6.5 million, months after the latter walked away. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
essensys PLC - London-based provider of software and cloud services for the flexible workspace industry - Expects to report GBP24.0 million in revenue, a would-be 5.1% decrease from GBP25.3 million a year prior. Projects adjusted loss before interest, taxes, depreciation, and amortization of at most GBP900,000, narrowed from GBP6.1 million loss last year. At July 31 had cash of GBP3.1 million, down 11% from GBP3.5 million at December 31. Notes all customers upgraded from Connect offering to pure-play software as a service product essensys Platform. "This evolution of our proposition and the launch of new functionality, such as essensys Platform Intelligence Engine, continues to improve our revenue mix and is expected to improve gross margins going forwards", company adds. Further, says Greg Price to take over as chief financial officer effective October 14 following resignation of CFO Sarah Harvey announced August 1. Price has been CFO of software and technology business Checkit PLC since 2021. Checkit in July said Price would leave that role in September "to pursue opportunities outside the group". Read More
(Alliance News) - Crimson Tide PLC on Thursday said Ideagen Ltd will not be making a takeover offer, the second firm to walk away after workflow management software provider Checkit PLC did so earlier last month. Read More
Checkit PLC - workflow management software provider - Inks contract with an unnamed integrated energy company to provide real time operations management capabilities to 150 additional franchisees in the UK. Says the sites will be installed in tranches over the 32-month long contract. The contract is worth around GBP250,000 annually, and is in addition to a contract announced in April for 50 franchises. Checkit says it is "hopeful" of signing further similar contracts with this customer. 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) - Workflow management software provider Checkit PLC on Wednesday said it does not plan to make a takeover offer for software developer Crimson Tide PLC. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Wednesday, recovering some lost ground after a tentative start to the final week of the quarter. Read More
(Alliance News) - Stock prices in London closed lower on Friday, after a busy week on monetary policy decisions and economic data for the UK. Read More
(To correct description of Ideagen Ltd) Read More
(Alliance News) - Shares in Crimson Tide PLC leapt after it disclosed a competing bid proposal from Ideagen Ltd, which trumped a second approach from Checkit PLC. Read More
(Alliance News) - Checkit PLC shares rose on Wednesday, after it announced a "significant" expansion with an existing US customer. Read More
(Alliance News) - Crimson Tide PLC on Wednesday said a possible bid from Checkit PLC "significantly undervalues the company and its prospects," and it rejected the accusation that it had refused to engage with its suitor. Read More