Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Calisen To Cut Up To 250 Jobs In Lowri Beck Restructuring

Thu, 18th Jun 2020 18:25

Calisen PLC - Manchester-based energy meter reading services company - Details plans to restructure its Lowri Beck business - expected to result in up to 250 job cuts - due to coronavirus crisis. Plans expected to result in Lowri Beck "achieving at least break-even at an EBITDA level in financial 2021 and making a positive contribution to the group in the medium term".

Current stock price: 199.15

Year-to-date change: down 17%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related Shares

More News
12 Mar 2021 13:08

IN BRIEF: Calisen shares suspended as takeover becomes effective

IN BRIEF: Calisen shares suspended as takeover becomes effective

12 Mar 2021 08:09

LONDON BRIEFING: UK economy withstands lockdown in January

LONDON BRIEFING: UK economy withstands lockdown in January

11 Mar 2021 20:07

IN BRIEF: UK Court sanctions Calisen takeover by Coyote Bidco

IN BRIEF: UK Court sanctions Calisen takeover by Coyote Bidco

2 Mar 2021 11:26

Calisen posts 2020 revenue increase as smart meter installations rise

Calisen posts 2020 revenue increase as smart meter installations rise

2 Mar 2021 09:36

Calisen narrows FY pre-tax losses on improved revenues

(Sharecast News) - Energy company Calisen said on Tuesday that pre-tax losses had narrowed in 2020 thanks to some solid revenue growth.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.