Velocity Composites warns on slow revenues and low margins
Velocity Composites has warned that full-year revenues will not meet expectations due to a number of factors, including delayed and cancelled projects.
Velocity Composites has warned that full-year revenues will not meet expectations due to a number of factors, including delayed and cancelled projects.
Cost management consultancy Utilitywise reported that its enterprise division continued to struggle, with its order book 17% lower than at last year’s end.
Shares in international packaging specialist DS Smith were up by 1.9% over yesterday’s close before normalising over the course of the morning.
Tissue Regenix saw sales for the six months ended 30th June rise by 61% to £5.6 million with gross margins up by 12.1 percentage points to 56%.
Shares in AIM-listed shoes and streetwear retailer Footasylum plunged by 50% to 42p after there was no recovery on the UK high street performance.
FTSE 250 veterinary drug manufacturer Dechra Pharmaceuticals announced that revenues for the first six months of the year rose by 13.3% to £407.1 million.
AIM-listed EMIS saw its shares rise by 3.83% to 950p after first-half revenues climbed by 7% to £84.5 million and reported profits rose by 23%.
Rathbone Brothers has announced that it has completed the acquisition of Speirs & Jeffrey after the receipt of FCA approval.
FTSE 100 hospitality operator Whitbread has agreed the sale of its Costa Coffee brand to The Coca Cola Company for an enterprise value of £3.9 billion.
AIM-listed Morses Club said that cash collections were up by 11.9% during first half of the year, but customer numbers were broadly flat.