(Alliance News) - Tanfield Group PLC shares rose on Monday as it said a US court confirmed that its interest in Snorkel International Holdings LLC cannot be bought for nothing, as alleged by Xtreme Manufacturing LLC. Read More
Tanfield Group PLC - passive investing company with 49% interest in producer of self-propelled, towable and push-around aerial lifts Snorkel International - Says Snorkel's sales fell 5.4% to USD137.3 million in the first nine months of its current financial year, from USD145.1 million the year before. The investee's earnings before interest, tax, depreciation and amortisation have swung to a loss of USD1.9 million, from last year's USD2.8 million profit. Read More
Tanfield Group PLC - passive investing company with 49% interest in producer of self-propelled, towable and push-around aerial lifts Snorkel International - Says that following a recent US court hearing, a judge has ordered Snorkel to produce its overdue accounts for the first and second quarter. Tanfield's shareholding follows its joint venture with Xtreme Manufacturing LLC, a firm owned by Don Ahern of Ahern Rentals Inc. Subsidiaries of Xtreme filed a summons & complaint against Tanfield in Nevada in 2019. Tanfield says Snorkel's annual accounts were provided late according to the JV's terms, and it still hasn't received accounts for the three months to March 31. Adds that it has requested them on multiple occasions but received "no response or reason for the ongoing delay". Says it "sought the assistance of the court" because the deadline regarding accounts for the second quarter was approaching. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: 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) - Tanfield Group PLC on Monday noted that its investee Snorkel International Holdings LLC swung to a net profit in the third quarter of 2023 amid net sales growth. Read More
(Alliance News) - Tanfield Group PLC on Thursday noted that its investee Snorkel International Holdings LLC reported an increase in sales for the second quarter of 2023, and a swing to a profit. Read More
(Alliance News) - Tanfield Group PLC on Monday reported a narrowed interim loss as it reduced its legal expenditure following the settlement of proceedings in the UK relating to its joint venture, Snorkel International Holdings LLC. Read More
(Alliance News) - Tanfield Group PLC on Friday said it swung to profit in 2022, thanks to a settlement from its UK court proceedings. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. 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) - 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
Tanfield Group PLC - investment firm headquartered in Newcastle upon Tyne - Agrees to settle its claim against Foulston Siefkin LLP in relation to the UK proceedings on a no-fault basis for USD4.5 million, including interest and costs. Notes that its claim against the first defendant, Ward Hadaway, continues with the three-week trial scheduled to begin on November 7. The US proceedings are also continuing with the jury trial currently expected to take place around the summer of 2023. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Tanfield Group PLC - investment firm headquartered in Newcastle upon Tyne - Reports higher half-year loss as expenses increase. Pretax loss in six months to June 30 widens to GBP499,000 from GBP268,000 a year prior. Non-staff costs grow to GBP269,000 from GBP145,000. Finance expenses double to GBP188,000 from GBP81,000. Makes no revenue, unchanged from a year ago. Read More
Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says its investment in Snorkel International Holdings LLC is currently valued at GBP19.1 million. Says Snorkel performed well in the second quarter of 2022, achieving further sales growth. Nonetheless, posts loss before interest, tax, depreciation, and amortisation of USD4.3 million, swinging from a profit of USD200,000 year-on-year, due to a reduction in gross margin to 2.8% from 8.9%. 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