(Alliance News) - Pressure Technologies PLC on Tuesday said it expects revenue to grow and to swing to profit in the financial year that ended on September 30. Read More
(Alliance News) - Pressure Technologies PLC on Tuesday said half-year revenue increased due to a strong performance across its businesses, and it is well-placed to record full-year growth. Read More
(Alliance News) - Pressure Technologies PLC on Tuesday said that it has resumed trading on AIM following a temporary suspension. Read More
Pressure Technologies PLC - Sheffield, England-based engineering firm - Says annual results for 2022, delayed due to historic accounting error, are in line with company revenue and adjusted operating loss previously announced. Pretax loss narrows to GBP4.0 million from GBP5.0 million, and revenue falls to GBP24.9 million from GBP25.3 million. Says this fall in revenue was caused by unexpected customer delays, supply chain disruption and unplanned outage of key equipment, which combined delayed "significant revenue into the first half of FY23." Declares no dividend. 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) - Stock prices in Europe ended higher on Monday, with shares bolstered by fears for the banking sector abating after a deal was struck for a US bank to mop-up assets of collapsed Silicon Valley Bank. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Pressure Technologies PLC on Monday said its wholly-owned subsidiary AI-Met Ltd has won a record GBP3 million order, but also noted that its financial 2022 results will be delayed. Read More
(Alliance News) - Pressure Technologies PLC on Tuesday said that the results posted for its financial years 2019, 2020, 2021 and 2022 will be adjusted, following advice from its auditor Grant Thornton UK LLP. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Pressure Technologies PLC shares jumped on Monday morning in London, after saying it won a GBP18.2 million contract. Read More
(Alliance News) - Pressure Technologies PLC on Tuesday said it has appointed a new chief financial officer, effective from the second quarter of 2023, and replacing the resigning incumbent. 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) - Pressure Technologies PLC on Tuesday announced James Locking intends to step down as chief financial officer from February 3, 2023. Read More
(Alliance News) - Pressure Technologies PLC shares slumped on Tuesday as it said it now expects to post an adjusting loss for the year ending October 1. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
Pressure Technologies PLC - Sheffield, England-based engineering firm - Completes the sale and leaseback of its freehold property occupied by Roota Engineering Ltd in Rotherham, England. Sale proceeds total GBP1.7 million. Company holds a 15-year lease on the property with an initial annual rent of GBP90,000, with a tenant-only break option at the end of years five and ten. Property has a net book value of GBP750,000 as of March 31. Proceeds from the sale will be used to reduce its banking facilities, the company adds. Read More
Pressure Technologies PLC - Sheffield, England-based engineering firm - In the six months to April 2, swings to a pretax loss of GBP2.3 million from a profit of GBP240,000 the previous year. Revenue falls 35% to GBP9.5 million from GBP14.5 million. Company explains that the reduced revenue figure reflects the expected phasing of defence contract activity and milestones for its Chesterfield Special Cylinders business, as well as a challenging environment for its Precision Machined Components business. At the end of its first half, the CSC order book stands at GBP14.5 million, its highest level for more than five years. PMC's order book is at its highest level since August 2020, the company adds. Read More