Edition:
United Kingdom

Business Support Services

Page 1

SRG Takamiya says merger between units

Friday, 20 Oct 2017

Oct 20 (Reuters) - SRG Takamiya Co Ltd <2445.T>:Says Tokyo-based false work related unit will merge with Nagoya-based unit, which is engaged in sale and manufacture of steel material, effective April 1, 2018 .Says Nagoya-based unit will be dissolved after merger .

Applus board agrees to relocate its registered office to Madrid

Wednesday, 11 Oct 2017

Oct 11 (Reuters) - APPLUS SERVICES SA ::SAYS BOARD AGREES TO CHANGE ITS REGISTERED OFFICE TO MADRID.SAYS DECISION WAS ADOPTED IN ORDER TO MAINTAIN NORMAL OPERATIONS OF COMPANY AND TO PROTECT ITS INTERESTS.

AF says revises financial targets, presents new strategy

Monday, 9 Oct 2017

Oct 9 (Reuters) - AF :AF presents new strategy, revised financial targets and new organisational structure.Says ‍will continue to grow in its core markets Sweden, Norway, Denmark, Finland, Switzerland and Czech republic​.Says ‍financial targets are being reformulated to apply over a business cycle, specifically​.Says targets ‍annual growth of 10 pct. Target includes add-on acquisitions. Larger platform acquisitions will be added on top​.Says ‍targets EBITA 10 pct over a business cycle​.Says targets ‍net debt in relation to EBITDA (net debt/EBITDA) of 2.5.Starting 1 January 2018 as previously communicated, AF will establish a new, simplified organisation with four international divisions: Infrastructure, Industry, Digital Solutions and Energy.The divisions will in turn consist of 21 business areas with full P&L accountability, and responsibility for implementing the new strategy​.

Sacos to raise voting power in Osaka-based firm to 63 pct for 138 mln yen

Monday, 11 Sep 2017

Sept 11 (Reuters) - Sacos Corp <9641.T>:Says it will raise voting power in Osaka-based firm to 63 percent (15,120 shares) from 35 percent (8,400 shares) on Sept. 29, which is mainly engaged in electrical wiring business .Says acquisition price is 138 million yen .

Sacos to raise voting power in Osaka-based firm to 63 pct for 138 mln yen

Monday, 11 Sep 2017

Sept 11 (Reuters) - Sacos Corp <9641.T>:Says it will raise voting power in Osaka-based firm to 63 percent (15,120 shares) from 35 percent (8,400 shares) on Sept. 29, which is mainly engaged in electrical wiring business .Says acquisition price is 138 million yen .

Intertek Group four-month revenue up 14.2 pct

Friday, 26 May 2017

May 26 (Reuters) - Intertek Group Plc ::Group revenue of 883.5 mln stg, up 14.2 pct at actual rates and 1.8 pct at constant rates for Jan 1 to April 30.Solid organic revenue growth at constant rates from 1 January to 30 April 2017: products +5.8 pct, trade +5.0 pct, resources -15.4 pct.Good performance of acquisitions in sectors with attractive growth and margin prospects.On track to deliver 2017 targets of solid organic revenue growth at constant rates, with moderate margin expansion, strong cash conversion."Expect our products division to benefit from robust organic revenue growth at constant currency"."Expect our trade related businesses to deliver good organic revenue growth performance at constant currency"."Do not believe that we have reached trough in resources division. We expect trading conditions to remain challenging".Year end net debt guidance of 650 mln stg-700 mln stg, assuming no further acquisitions and no significant forex changes, remains unchanged.

Paypoint records FY profit before tax 69.1 million pounds

Thursday, 25 May 2017

May 25 (Reuters) - Paypoint Plc :FY net revenue 123.9 million pounds versus 123.6 million pounds year ago.FY revenue 211.9 million pounds versus 212.6 million pounds year ago.FY gross margin 50.0 percent versus 49.9 percent year ago.FY profit before tax 69.1 million pounds versus 8.2 million pounds year ago.FY earnings per share 87.5 pence.FY dividend 45.0 pence versus 42.4 pence year ago.FY retail services net revenue grew to £39.9 million, an increase of 31.6 percent."Looking beyond current financial year, see significant opportunities for retail services business".

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary