Trifast PLC - East Sussex, England-based maker of industrial fastenings - Says it is "seeing positive change and demonstrating operational and financial resilience through strategy execution". It adds its performance in the third-quarter to December 31 "underpins the board's optimism". It says expectations for full-year performance remain unchanged. Trifast will release a trading update in April and annual results for the year ending March 31 in July. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
Trifast PLC - East Sussex, England-based maker of industrial fastenings - Pretax profit falls 21% to GBP1.6 million in the six months to September 30 from GBP2.0 million a year prior. Revenue drops 3.2% to GBP113.9 million from GBP117.6 million. Diluted earnings per share fall to 0.99 pence from 1.15p. Dividend is unchanged at 0.60p. Continues to consider that an appropriate level of dividend cover is in the range of 3.0x to 4.0x. Says revenue fall reflects persistent market headwinds in a number of sectors leading to reductions in Europe and UK & Ireland. North America and Asia however reported revenue growth, ahead of expectations, reflecting more supportive local market conditions. Gross margin improves 169 basis points to 27.4%, the highest since 2020. Remains on track to achieve the phased cost savings in financial 2025 of around GBP3 million from the operational improvement programme. Looking ahead, remains on track to deliver results for the year ending March 31, 2025 in line with expectations, and remains confident in the delivery of mid-term margin and returns ambitions. Read More
(Alliance News) - The following stocks are the leading risers among London Main Market small-caps on Tuesday. Read More
Trifast PLC - East Sussex, England-based maker of industrial fastenings - Expects revenue to fall around 3.1% in the first half its of financial 2025, ended September 30. This reflects "softer demand conditions in several end markets" and was in line with management expectations. Trifast says it is on track to achieve phased cost savings of around GBP3.0 million from its operational improvement programme, which includes a 10% reduction in non-operating headcount, and the completion of consolidating UK facilities into the National Distribution Centre in the West Midlands. Read More
Trifast PLC - industrial fastenings firm - goals to improve margins and boost cash generation are "on track", Non-Executive Chair Serena Lang is to say at an annual general meeting Tuesday afternoon. "Whilst economic and geopolitical challenges remain, we are committed to the execution of our four key strategic initiatives of margin management, focused growth, organisational effectiveness, and operational efficiency that will enable us to maintain positive momentum as we look to make progress on our recover, rebuild, resilience journey," Lang adds. In addition, Trifast says its Interim Chief Financial Officer Kate Ferguson takes on the role permanently. "During the search process Kate came out very strongly as a team player with all round financial acumen for a CFO role," Chair Lang explains. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - Stocks in London faded into the close to end Monday mixed, as investors looked ahead to a trio of central bank meetings, and weighed comments from Chancellor Rachel Reeves who outlined a GBP22 billion hole in the public finances. Read More
Trifast PLC - East Sussex, England-based maker of industrial fastenings - reports weaker annual earnings but set out a promising outlook. Revenue falls 4.4% to GBP233.7 million in the financial year that ended March 31 from GBP244.4 million the year prior. Pretax loss narrows to GBP789,000 from GBP2.7 million. Trifast proposes a final dividend of 1.20p per share, down 20% from 1.5p a year prior. Its total dividend amounts to 1.80p, also a decline of 20%, from 2.25p. Trifast says it has been setting itself up for growth when the market recovers. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. 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 Thursday and not separately reported by Alliance News: Read More