(Alliance News) - CT Automotive Group PLC shares rose on Wednesday after it recounted a "highly resilient" full-year performance despite "significant challenges" facing its industry. Read More
CT Automotive Group PLC - Portsmouth, England-based maker of interior components to the automotive industry - Says it entered into an agreement to provide services to iAqua Watercraft Ltd on a cost-plus basis on May 1, 2024. The company says it does not expect to invoice more than USD100,000 per year under the agreement, which covers engineering services and product management. It says the agreement is profitable for CT Automotive. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. 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
CT Automotive Group PLC - Portsmouth, England-based maker of interior components to the automotive industry - Reports trading in 2024 has gone "as planned" so far. Says demand was as expected over the first half of the year, noting some "volume moderation". "The board anticipates this effect to be partially offset in the second half of the year by additional volumes from new programme launches with a number of Tier 1 and original equipment manufacturer customers, including Ford [Motor Co], Marelli and Rivian [Automotive Inc], which commenced production in [the second-quarter]," CT Automotive says. For the full-year, it expects a gross margin improvement from the 22% achieved in 2023. CEO Simon Phillips adds: "2024 is proceeding as planned and we have good visibility over production demand into the medium term. We see significant scope for expansion in all three of our production centres in China, Mexico and Turkey through a combination of potential new business wins and growth with existing customers. Combined with the margin improvements ongoing, the outlook for revenues and profit for 2025 and beyond is positive." It will report half-year results in "late September". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Monday, ahead of a trio of central bank decisions and more US earnings, including numbers from the likes of Apple and Microsoft. Read More
CT Automotive Group PLC - Portsmouth, England-based company designer, developer and supplier of interior components to the global automotive industry - Says that Anna Brown has tendered her resignation as chief financial officer. Brown will remain as group CFO and board member until December 24, and alongside Group Salman Mohammed, will continue to focus on running CT Automotive's finance function. Explains that Brown is leaving "to pursue career opportunities beyond CT Automotive", adding that a search process to select her successor will commence shortly". Read More
(Alliance News) - CT Automotive Group PLC on Monday reported strong financial results following a post-pandemic recovery in the automotive market. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - CT Automotive Group PLC on Friday said its trading performance in 2023 was strong following as global automotive production volumes continued to recover. 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
CT Automotive Group PLC - a designer, developer and supplier of interior components to the global automotive industry - Announces changes to its board with immediate effect. Simon Phillips becomes chief executive, moving from current role as executive chair and replacing Scott McKenzie who is stepping down. McKenzie will remain with the company in a new role as chief operating officer, Sales and Product Development. Raymond Bench, currently an independent non-executive director, is appointed non-executive chair. Francesca Ecsery, currently an independent non-executive director, will become a senior independent non-executive director. Read More
(Alliance News) - Stock prices in London were higher at midday on Friday, with equity markets on the front foot at the conclusion of a week dominated by central bank decisions. Read More
(Alliance News) - CT Automotive Group PLC shares increased on Friday after it posted a positive outlook, despite a difficult year with revenue down and losses widening. Read More
(Alliance News) - CT Automotive Group PLC on Friday said its trading performance so far this year was encouraging and said results would meet market expectations, despite an error in its inventory calculation increasing its loss for 2022. 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