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Pin to quick picksSurgical Innovations Share News (SUN)

Share Price Information for Surgical Innovations (SUN)

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Share Price: 0.60
Bid: 0.50
Ask: 0.70
Change: 0.15 (33.33%)
Spread: 0.20 (40.00%)
Open: 0.45
High: 0.60
Low: 0.45
Prev. Close: 0.45
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Surgical Innovations warns on profits as Brexit uncertainty takes its toll

Fri, 07th Jun 2019 09:33

(Sharecast News) - Surgical solutions group Surgical Innovations warned on profits on Friday as it said the lack of momentum seen in the first quarter has continued into the second.The company said orders from its UK and EU operations had been lower than expected, with ongoing Brexit uncertainty disrupting order patterns from its distributors and end users, making it more complicated to forecast its outlook for the remainder of the year.In the UK, the AIM-listed firm saw overall volumes of activity become "a continuing concern" after demand was hindered as a result of lower levels of activity in the NHS.On the other hand, revenues from its export markets outside the EU remain unaffected, principally in the States where it reported strong growth throughout the quarter.The group also noted that regulatory approvals had become "increasingly challenging", placing an increased burden on its operational and technical resources.As a result, Surgical Innovations cautioned that revenue growth in its second half was "unlikely" to fully counter the weakness seen in the first, with adjusted pre-tax profits now expected to be lower year-on-year.At 0930 BST, Surgical Innovations shares were down 33.06% to 2.74p.
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15 Apr 2014 11:59

UK MIDDAY BRIEFING: Imperial Tobacco To Close Two European Factories

LONDON (Alliance News) - Imperial Tobacco Group Tuesday said it will close factories in Nottingham and in Nantes in France with the loss of up to 900 jobs, in response to the continuing downturn in European cigarette markets.

Companies including GKN, Aggreko and rec

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15 Apr 2014 10:51

UK WINNERS & LOSERS: Aggreko, GKN Lead FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

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Aggreko, up 2%. The temporary power supplier is a big gainer after the

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15 Apr 2014 08:38

Surgical Innovations Profit Hit By Investment, Exchange Rate

LONDON (Alliance News) - Surgical Innovations Group PLC Tuesday posted a decline in pretax profit for 2013, despite seeing revenue rise, due to the US Dollar exchange rate and its investment in streamlining its manufacturing operations. Surgical Innovations produces devices for use in minim

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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

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6 Feb 2014 14:02

Sector movers: Mobile telecoms, healthcare stocks rise as results impress

The mobile telecoms and healthcare categories were putting in decent performances on Thursday in London after results from sector heavyweights Vodafone and Smith & Nephew impressed. Vodafone gained 2.4% in afternoon trade after revenues declined by a less-than-expected 3.6% in the third quarter to

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17 Jan 2014 11:31

Surgical Innovations profits hit by invest plan and exchange rates

Shares in Surgical Innovations declined sharply after the company warned its profits had been hit by the US dollar exchange rate and its investment during the second half. The company, which develops solutions for minimally invasive surgery, said it therefore expected 2013 earnings before interest

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17 Jan 2014 10:15

UK BROKER RATING CHANGES: Goldman Raises View On Insurance Sector

LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:
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FTSE 100
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SOCGEN STARTS MORRISON WITH 'SELL' - TARGET 200 PENCE
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SOCGEN CUTS PRICE TARGET TESCO TO 270 (290) PENCE -

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17 Jan 2014 10:05

Friday broker round-up UPDATE

Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr

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17 Jan 2014 08:28

Surgical Innovations Shares Drop On Profit Warning

LONDON (Alliance News) - Shares in Surgical Innovations Group PLC fell sharply Friday morning after it said that its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the full year ended December 31 would be significantly below the previous year. The company

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17 Jan 2014 08:13

UK MORNING BRIEFING: Shares Open Higher Despite Shell Warning

LONDON (Alliance News) - UK shares have opened higher Friday despite negative news from two FTSE 100 companies, Royal Dutch Shell and Shire.

The oil major issued a profit warning, and the pharmaceutical firm said it will book a loss on the sale of

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5 Nov 2013 10:28

Surgical Innovations Ships First Products Under Surgioscopy Deal

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24 Oct 2013 10:29

Surgical Innovations To Develop New Production Facility In Leeds

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4 Oct 2013 10:28

Surgical Innovations Appoints Romain Pizzi To Clinical Advisory Board

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10 Sep 2013 10:23

Surgical Innovations Group Profits Jump As Sales Increase 28%

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10 Sep 2013 09:15

Surgical Innovations adds progress in US to strong UK H1

Keyhole surgery equipment specialist Surgical Innovations sold more of its own branded products in the first half, leading to a strong rise in profits. The AIM-listed company, which flagged up these results in a pre-close statement, revealed its efforts to push into the US had resulted in an expan

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