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Pressure Tech (PRES) Share News

IN BRIEF: Pressure Tech completes GBP1.7 million sale and leaseback

5th Jul 2022 11:13

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

IN BRIEF: Pressure Technologies posts interim loss, confident outlook

28th Jun 2022 12:08

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

TRADING UPDATES: Impellam and Maintel in profit; Curtis Banks prospers

31st Mar 2022 13:04

(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

UK shareholder meetings calendar - next 7 days

24th Mar 2022 15:58

Aramco plans spending splurge but western peers are more austere

21st Mar 2022 11:37

(Alliance News) - While Saudi Arabian Oil Co unveiled spending plans that were greater than analysts predicted, its western counterparts are not quite digging into their coffers to the same extent, AJ Bell analyst Russ Mould commented on Monday. Read More

EXECUTIVE CHANGES: Pressure Technologies recruits Scotia Gas chair

28th Feb 2022 14:58

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: Read More