3 Feb 2016 12:10
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Don't have an account? Click here to register.Small caps round-up: Quadnetics, Johnston Press, Origo Partners
Fri, 04th Mar 2011 12:21
Revenues at surveillance and security technology provider Quadnetics declined 5% from £64.65m to £61.28m for the year ended 30 November after restructuring its integration and managed services (IMS) division.Nevertheless, pre-tax profit totalled £1.4m, from a loss of £0.2m in 2009, after a reduction in the cost of sales and operating expenses. Underlying profits grew 77% to £2.6m, from £1.5m previously.Newspaper publisher Johnston Press has appointed Grant Murray as the successor of Stuart Paterson as its chief financial offer, effective from 3 May. Murray joins the Scotsman and Yorkshire Post publisher from Guardian Media and has held senior financial roles with Channel 5 Broadcasting and business publisher United Business Media.Beijing-based private equity investment firm Origo Partners has acquired at least a 21% stake in Chinese rice processing and distribution group China Rice for $13m. The final equity stake will be between 21-29% (on a fully diluted basis) as determined by the profitability of the China Rice in 2011."Our investment in China Rice is a play on both soft-commodities and rising Chinese consumerism at a particularly opportune moment in the cycle, given rising inflation and government support for the Chinese agricultural sector," said chief executive Chris Rynning.
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3 Feb 2016 09:31
Johnston Press rallies on pension deficit reduction
(ShareCast News) - Johnston Press said the findings of the study it carried out to assess the liabilities of its pension plan are expected to reduce the present value of the media group's plan by around £50m. In addition, the company said that following a change to the scheme rules agreed by the tru
Read more3 Feb 2016 08:51
BUZZ-Johnston Press: best day in 3 yrs on pension deficit reduction
** Shares in "The Scotsman" publisher Johnston Press up more than 15 pct pension deficit cut by >50% ** Co undertook pension study to streamline the pension scheme ** Now expects to reduce deficit by c50 mln stg (deficit on Jan 3 2015 was 90 mln stg) ** Liberum says this shrink
Read more19 Jan 2016 14:48
Johnston Press to sell titles as digital focus intensifies
(ShareCast News) - As well as confirming profits in line with forecasts, local newspaper publisher Johnston Press said it may sell several of its non-core titles in order to focus on digital growth. The company, whose titles range from dailies such as the Scotsman and the Yorkshire Post to around 19
Read more1 Dec 2015 14:52
Johnston Press reorganises with central editorial team
(ShareCast News) - Johnston Press has appointed an editor-in-chief and created two publishing director positions as part of the local newspapers group's editorial restructuring process to "shift focus away from traditional geographic reporting lines". Yorkshire Evening Post and Yorkshire Post editor
Read more19 Nov 2015 10:06
BUZZ-Johnston Press: hits life-low as print, publishing revenues drop
** Johnston Press's shares fall as much as 14.4 pct to a life-low of 45.39p as co reports fall in print and publishing revenues, for 17-week period, due to weak advertising markets ** Co says print advertising revenue falls nearly 15 pct and publishing revenue by about 11 pct for the 17 wee
Read more19 Nov 2015 09:26
7 Oct 2015 10:43
Johnston Press closes more titles as it looks to cut costs
(ShareCast News) - Media group Johnston Press announced the closure of several print titles as it looks to cut costs and focus on its online expansion. The company said a number of its smaller free print titles have been closed, which will allow it to focus resources on its digital offering in those
Read more14 Sep 2015 10:34
UPDATE 2-UK's Trinity Mirror in talks to buy rival Local World
(Adds Local World no comment, analyst, background and detail; also updates shares) Sept 14 (Reuters) - Britain's Trinity Mirror Plc, publisher of the Daily Mirror and Sunday Mirror newspapers, is in talks to buy rival Local World Holdings Ltd as it attempts to build scale to help counteract
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