News

Small cap round-up: Huntsworth, Abbeycrest, Marylebone Warwick Balfour

13 July 2007 16:25:00

Huntsworth was in an upbeat mood after the group announced it bought AXIS, a leading healthcare communications company operating in the USA, for up to $55m.

The PR group will pay $18.4m in cash and up to $55m in total, depending on the company's performance in the four years to December 2010.

Shares in Abbeycrest were in demand despite news that the Jewellers UK unit, G&A, is still finding trading conditions difficult as a result of low levels of demand and a recent decision by a major customer not to pursue its sales trial.

The group's manufacturing operations overseas are performing ahead of expectations and helped third party sales.

Property group Marylebone Warwick Balfour confirmed that is beginning negotiations regarding a possible sale of its Malmaison and Hotel du Vin operating business.

"At this point in time, any discussions are at a very early stage, no negotiations have been commenced or contracts exchanged and there can be no certainty that any such transaction will proceed," the group said.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.