TRADING UPDATES: Terance Butler sells shares in Ocean Harvest
18th Apr 2023 19:59
(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
Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Announces Chief Executive Alexandra French has agreed to step down and leave the board with immediate effect. Titon intends to start the search for a new CEO as soon as possible. Says senior leadership team under Carolyn Isom, Chief Financial Officer and Tyson Anderson, Deputy Chair, will lead the business in the interim. Keith Ritchie, non-executive chair of Titon said: "Current trading remains in line with the guidance set out by the board at the AGM on March 22." Read More
(Alliance News) - Titon Holdings PLC on Wednesday gave an optimistic full-year outlook, with the ventilation systems and window and door hardware supplier saying it continues to perform in line with expectations. Read More
IN BRIEF: Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Swings to loss in the financial year that ended on September 30 as it cites shortage of raw materials, key components and labour. Annual pretax loss stands at GBP953,000, compared to a profit of GBP1.1 million a year ago. Revenue declines 5.7% to GBP22.1 million from GBP23.4 million. Notes weaker trading conditions in South Korea. Declares 2.5 pence per share full year dividend, down 56% from 4.5p a year prior. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News: Read More
Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Says Executive Chair Keith Ritchie will move to be a non-executive chair, from October 1. Ritchie has been executive chair for ten years. Says this completes the board changes, which have been deigned to put in a place "a strong and experienced board to focus on delivering the group's strategy and financial performance, while ensuring that operational matters are managed at the level of the group's main subsidiary." Read More
Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Warns that its full year performance will be worse than expected as it anticipates the UK and Europe to be affected by shortages of raw materials as well as inflation. "In the last three months we have continued to see margin erosion from cost inflation and this has had a significant bearing on our financial results for the second half of the year. We will be putting through further price increases for our own products before the year-end to seek to mitigate the margin impact of these cost increases going forwards," Titon explains. Read More
Titon Holdings PLC - Essex-based ventilation and hardware manufacturer and supplier - Swings to a pretax loss of GBP250,000 in the six months to March 31 from a profit of GBP549,000 a year before. Blames this on administrative expenses, which rose 8.7% to GBP2.5 million from GBP2.3 million, and on lower revenue. Reports net revenue of GBP11.5 million, down 1.7% from GBP11.7 million a year before. Blames this on weaker trading conditions in Korea and reduced sales in Europe. Declares interim dividend of 1.5 pence, unchanged from a year before. Says trading in the second half remains "subdued" due to component shortages. Expects these conditions to continue in "the immediate term". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News: Read More
Titon Holdings PLC - Essex-based ventilation and hardware manufacturer and supplier - Says company founder and deputy chair John Anderson leaves board immediately but remains president of the company. His son and board member Tyson Anderson takes his role of deputy chair. Read More
(Alliance News) - Titon Holdings PLC shares tumbled on Tuesday after it results results for its current financial year will come in "significantly lower" than its prior expectations. Read More