News

Small caps round-up: Hasgrove, Business Control, Vectura

15 April 2008 11:11:00

Marketing and communications services group Hasgrove saw pre-tax profit increase to £2.4m in the year to end December from £1.7m last time and proposed a maiden dividend of 0.5p per share.

Headline profit before tax, after adding back non cash charges for share options and notional finance costs, was up 44% at £2.6m. Turnover increased by 42% to £21.7m.

"The current year's trading has started well with a number of key project wins," said chief executive Rod Hyde. "We remain confident of another successful year, particularly given the high visibility of earnings."

Financial software firm Business Control Solutions has secured entry into the US market through a partnership agreement with US firm Enterprise Solution Providers (ESP).

ESP will sell and implement "BCS Integrity", the balance sheet substantiation software launched by Business Control Solutions (BCS) in February, to US financial services firms.

BCS believes that the software, which assists with audits, Sarbanes-Oxley compliance and month-end reporting, will find a ready-made market in the US, which the company described as "the most regulated market in the world".

Drug developer Vectura said there was positive data from the early concept study of VR147, a product in development for the treatment of migraine.

"With the benefit of this early and compelling data, we will assess licensing options both for VR147 and for the use of our inhalation technology for the delivery of other triptans," said chief executive Chris Blackwell.

Latin American oil and gas firm GeoPark has discovered a new gas field on the Fell Block in Chile after the successful testing of the Cerro Sutlej 1 exploration well.

All data suppied by Digital Look (15 minute delay)




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