Small Caps News
Enteq 'satisfied' with pivot from US shale since year-end
Energy services technology and equipment company Enteq reported a “satisfactory” trading recovery from the mid-March 2020 oil price slump and the effects of Covid-19 in a trading update on Tuesday.
Westminster Group wins security contract for Houses of Parliament
Managed security services and technology company Westminster Group announced on Tuesday that its technology division has been awarded a contract to replace and maintain the security screening equipment at the Palace of Westminster, together with the provision of other ancillary services at Parliament.
Avingtrans subsidiary wins HS2 door supply contract
Energy and medical equipment and systems company Avingtrans announced on Tuesday that its wholly-owned subsidiary Booth Industries has secured a multi-year contract worth £36m to supply cross-passage doors for the HS2 rail link.
Ariana Resources makes progress on Ozaltin joint venture
Exploration and development company Ariana Resources updated the market on its proposed new joint venture with Ozaltin Holding and Proccea Construction on Tuesday.
Momentum strengthens further for IMImobile
IMImobile said on Tuesday that, since its update in July, momentum had strengthened further.
Restructuring and Covid costs behind losses at Chamberlin
Castings and engineering company Chamberlin said on Tuesday that sales for the year ended 31 March were expected to be £26. 1m, down from £33m year-on-year.
Synectics lowers guidance as casino sector struggles
Security and surveillance technology company Synectics updated the market on its trading on Tuesday, reporting that the Covid-19 pandemic had continued to impact activity across all of its markets, but had particularly affected its largest market sector, global casinos and gaming.
Aviation group Menzies expects revenues to level-off, free cash flow quadruples
Aviation support services John Menzies saw sales fall by a third and deep losses at the half-year stage, but predicted that top-line growth was set to level off over the backhalf of 2020 while profitability was set to benefit from "more significant contributions from various government support programmes".
Acacia Research buys 11.8% stake in Sensyne Health
US-based Acacia Research has acquired LF Equity Income Fund's 11. 8% stake in AIM-listed artificial intelligence specialist Sensyne Health.
Covid-19 pushes Hotel Chocolat into the red
Hotel Chocolat Group swung to a full-year loss, the chocolatier confirmed on Tuesday, after the Covid-19 pandemic closed stores over the key Easter period.
Burford Capital on final approach to NYSE dual listing
Law-focussed finance and asset management firm Burford Capital announced on Tuesday that the US Securities and Exchange Commission (SEC) has completed its review of its Form 20-F registration statement in preparation for its dual listing on the New York Stock Exchange.