News

Shares in TG21 rallied after the vehicle installation service provider posted a 100% jump in full year pre-tax profits from continuing operations to £1.1m.

"2007 has been a transformational year for the company and we are now well placed to take advantage of markets with high growth potential," said chairman Peter Ward.

"The group has continued to reduce net debt with the disposal of our legacy divisions, allowing us to leverage core strengths in vehicle monitoring systems," he added.

Loss-making software company EG Solutions said it remains cautious about 2008 but added that the order book for the forthcoming year is 50% higher than the same period last year.

The group said order book for 2008 is already £3m. "The sales pipeline is healthy and, on this basis, we will continue to demonstrate continued recovery during 2008," it said.

Pre-tax losses increased to £815,000, which included one-off investment costs of £392,000, compared with losses of £41,000 last year. Revenue fell to £4.1m from £5.4m before.

Market Research firm Research Now said it remains confident that it is well positioned to deliver profitable growth in the year ahead.

It has had a positive start to the financial year with all our markets performing strongly, it said.

Electronic components and systems distributor ACAL said that current market conditions have remained much the same as outlined in its interim statement of 30 January, when it said it expected the weak market conditions in the Electronics and Parts Services divisions to continue until at least the financial year-end.

Trading since the end of January has been in line with the board's expectations and the company's financial position remains strong.

Consultant and outsource firm Tribal Group said it saw a "significantly" improved financial performance across the group.

Adjusted profit before tax for the nine months to December rose 98% to £11.1m on revenue that increased 11% to £153.3m. The reported period is shorter than a full year due to the change in year end from March to December.

Total dividend rose 13% to 2.95p.

Motive Television, the AIM-quoted media investment company specialising in television rights and production, said its majority-owned Scarlet TV production unit has received four new orders from broadcasters.

Sky Broadcasting has ordered three primetime documentaries, while ITV1 has commissioned a one hour documentary.

Dublin-based gold miner Glencar said it has intersected a significant ore zone at its Komana East target in southern Mali.

Drug firm Henderson Morley has signed a second collaborative research and material transfer agreement with the Australian Centre for Vaccine Development.