Personal Group (PGH): Royal Mail launches salary sacrifice technology
Product launch underlines the value Royal Mail, a key client, places in PGH despite delays due to internal operational reasons from Royal Mail.
Read more...Custodian REIT plc (CREI): Purchase of land with pre-let development
Stock up 0.8% at 08:22
CREI, seeing growth in the popularity of drive-through stores, purchases the pre-let development of a drive-through coffee shop in Birmingham with a net initial yield of 6.43%.
Read more...Powerhouse Energy Grp (PHE): Update on progress with demonstration system
Encouraging results show demonstration system can produce 99.999% pure hydrogen while generating electricity in parallel.
Read more...Gear4music (G4M): Full year trading update for 12 months to 28 February 2018
Stock down 3.2% at 08:22
G4M saw a stronger H2 2018 than last year, though investments in infrastructure in FY 2018 mask the short term improvement when measured on an FY basis. Revenues increased 43% YoY with strong Rest-of-World growth at 69%.
Read more...Pan African Resources Plc (PAF): Operational update
Stock up 7.3% at 08:22
PAF reports improved head grade at Barberton, BTRP regrind mill expected to complete in April and Elikhulu ahead of schedule, expected to begin ramp-up in August. Evander is still in consultation with labour force.
Read more...IQE PLC (IQE): Wins place at GREAT innovation festival
Festival provides opportunity to raise business profile and meet potential new business partners.
Read more...Princess Private Equity (PEY): Portfolio update
PEY’s NAV increased by 0.2% over the month, driven by positive portfolio developments of 0.7% and negative currency movements of 0.5%. PEY has exited from VAT Group with an IRR of 74%.
Read more...XP Power Ltd (XPP): Annual results for the year ended 31 December 2017
Stock up 4.5% at 08:16
Record order intake in 2017, up 38% YoY with growth in all industry sectors and geographies. XPP is optimistic regarding prospects for 2018 with a strong order backlog.
Read more...WPP PLC (WPP): 2017 preliminary results
Stock down 8.4% at 08:16
Slight revenue growth in all regions in a disappointing year. Advertising and media division was the strongest performer across the group although business conditions remained difficult, particularly in North American advertising. WPP implementing a growth strategy for the next three to four years. Dividend increased 6%.
Read more...eServGlobal Limited (ESG): Preliminary final report for financial year ended 31 December 2017
Stock down 2% at 08:30
While the core business is lossmaking, ESG is cutting costs, debt has been repaid in full and equity has been raised. The Board has cautious optimism in creating shareholder value in 2018 and is investing in the Homesend division.
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