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Tanfield (TAN) Share News

IN BRIEF: Tanfield investee Snorkel sees nine-month decline in sales

7th Feb 2025 11:54

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

IN BRIEF: Tanfield hails Nevada judge's Snorkel accounts order

16th Aug 2024 15:19

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

TRADING UPDATES: Netcall makes buy; ACP Energy's Ecuador deal unlikely

7th Aug 2024 19:59

(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

EARNINGS: LSL starts 2024 "strongly"; Focusrite maintains payout

25th Apr 2024 12:19

(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

Tanfield hails investee Snorkel's swing to third quarter net profit

20th Nov 2023 17:52

(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

Tanfield hails investee Snorkel swing to second quarter profit

17th Aug 2023 11:40

(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

Tanfield reports narrowed interim loss as legal costs reduce

24th Jul 2023 11:07

(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

UK shareholder meetings calendar - next 7 days

25th May 2023 15:48

Tanfield share price collapses despite swing to profit in 2022

21st Apr 2023 10:59

(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

AIM WINNERS & LOSERS: Sureserve up on GBP214.1 million takeover offer

21st Apr 2023 09:41

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More

TRADING UPDATES: Chrysalis invests in Starling; Agronomics notes deal

7th Feb 2023 21:14

(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

TRADING UPDATES: Zephyr Energy ups revenue outlook; Cap-XX wins order

15th Nov 2022 21:55

(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

TRADING UPDATES: Revolution Bars swings to profit; Mind Gym sees loss

18th Oct 2022 21:45

(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

IN BRIEF: Tanfield settles its claim against Foulston Siefkin

14th Oct 2022 19:52

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

AIM WINNERS & LOSERS: Reabold jumps on UK government fracking change

9th Sep 2022 11:06

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More

IN BRIEF: Tanfield interim pretax loss widens amid bigger expenses

9th Sep 2022 11:01

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

IN BRIEF: Tanfield raises GBP300,000; notes Snorkel quarterly loss

24th Aug 2022 12:23

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

UK shareholder meetings calendar - next 7 days

26th Jul 2022 15:57

EARNINGS UPDATES: Kingswood revenue surges; Shield in loan deal

30th Jun 2022 13:53

(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

IN BRIEF: Tanfield secures additional GBP125,000 loan

3rd Mar 2022 21:30

Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says additional loan of GBP125,000 subscribed to, taking value of loan agreed in March 2020 to GBP625,000. "Following discussions with the existing shareholders, the board are of the opinion that further loan funding may be necessary to ensure that the company can continue to protect its investment in Snorkel," Tanfield says. Snorkel is Tanfield's 49%-owned investee. Read More

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