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Babcock International Group PLC

Fri, 18 May 2012 09:19:28 +0100

£61m disposal of VT Services - increase in profits and revenue
Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m.

Babcock International Group PLC

Thu, 10 May 2012 08:42:18 +0100

New Waste Facility - 275 New Jobs - £750 PFI Initiative
The build of a new hi-tech waste treatment and recycling facility are expected to be signed off by the end of 2012 creating around 275 jobs. The project is part of a £750m Private Finance Initiative which is expected to be operational in 2013. The current household waste centres in Fitzwilliam and South Kirkby will close Employees from the two defunct sites will be transferred to the Babcock International Group, which is set to deliver the PFI scheme

Cammell Laird Shiprepairers & Shipbuilders Limited

Tue, 08 May 2012 08:08:08 +0100

Scotland ferry contract secured - potential new jobs
Merseyside ship builder Cammell Laird has been appointed preferred bidder on a multimillion-pound ferry contract for Western Ferries. Cammell Laird is to build two vessels for Western Ferries Gourock to Dunoon route. Construction will begin in June 2012 and delivery is due in summer 2013. The contract is expected to create new jobs. 2011 turnover 75.6m, 527 employees.

Carr's Milling Industries PLC

Fri, 27 Apr 2012 08:31:51 +0100

31% profits growth - revenues increased to £196m - positive full-year outlook
Cumbria agriculture, food and engineering group Carrs Milling Industries recorded revenues of £196m in the 26 weeks to March 2012, up from £175m in the six months to February 2011. Pre-tax profit increased by 31% from £5.7m to £7.4m. Results for the full year are expected to be ahead of the expectations.

Babcock International Group PLC

Mon, 02 Apr 2012 09:04:36 +0100

Order book 12.5bn - Bid Pipeline 12bn - Employees 27500
Babcock International, the engineering support services company, continues to trade inline with expectations with an increased order book of 12.5bn and a bid pipeline of 12bn.

Brulines (Holdings) Plc

Wed, 28 Mar 2012 08:49:27 +0100

5 Year Contract Won - Turnover £24.3m - 300 Employees
Morrisons has extended a contract with Brulines Fuel Solutions for facilities and compliance management over its estate of petrol forecourts. James Dickson is Chief Executive.

Glencore UK Ltd

Fri, 09 Mar 2012 08:43:04 +0000

Profits increase 7% - merger with Xstrata proceeding
Commodity trader Glencore recorded net income of 4.06bn dollars for 2011, an increase of 7% from 2010. Revenues increased by 28% to 186bn dollars. Glencore is proceeding with its proposed 90bn dollar merger with miner Xstrata on existing terms. The merger will give the companies a strong position in the global commodities industry.

Hardide Plc

Fri, 09 Mar 2012 04:28:41 +0000

Sales up 12% to £1.95m - business growth
Oxfordshire-based tungsten carbide coatings manufacturer Hardide Plc recorded a 12% increase in sales to £1.95m for the year to September 2011, compared with the previous year.

Proventec plc

Tue, 06 Mar 2012 09:52:47 +0000

Disposal of Contico - focusing on core operations
Specialist cleaning business Proventec Plc has sold its Cornwall-based subsidiary Contico Manufacturing to Robert Scott & Sons, a distributor of retail and wholesale cleaning products. The disposal is in line with Proventec's strategy to exit non-core investments. In February 2012 Proventec ceased trading shares on the Alternative Investment Market in order to focus on the Alternext market. Year to September 2010: turnover £19.7m; 103 employees.

Esterform Packaging Ltd

Fri, 24 Feb 2012 09:59:37 +0000

£6m bank facility - potential new jobs - factory expansion
Plastic packaging company Esterform Packaging has secured £6m bank funding to expand its factory in Tenbury Wells, West Midlands, with the expected creation of new jobs. The company is confident of growth in sales and profitability in 2012 following increased demand from the food sector for plastic bottles. Esterform employs 260 staff in Tenbury and Leeds.