Market News - Page 777

Accrol is delighted to announce it has become the first UK tissue converter to offer customers a plastic-free solution on all its products, which include toilet roll, kitchen roll and facial tissues.

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FINAL RESULTS FOR THE YEAR TO 31 JANUARY 2018

B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, announces its audited Group final results for the year to 31 January 2018.

The highlights of the results are:

Increase in the Equity Value of the Portfolio of 31.3% (£18.9m)
Net Asset Value of £98.9m (31 January 2017: £79.7m), a 24.1% increase, net of Dividend
Net Asset Value increased to 339p per share (31 January 2017: 273p)
Total return to Shareholders in the year of 25.5% (2017: 13.9%)
Consolidated profit after tax of £20.2m (31 January 2017: £9.8m)
Average Net Asset Value annual compound growth rate of 12.0% since 1990
Final Dividend of 4.76p per share declared (31 January 2017: 3.76p), a 27% increase
Cash and treasury funds balance of £5.4m at year end
Four new investments – two in Lloyd's Brokers and two in the USA
Two disposals – Besso and Trireme
Further investment into LEBC of £7.1m
Provision of follow-on funding to Nexus of £4m
Current uncommitted cash of £0.5m…

B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, today announces a conditional placing of 6,169,194 new Ordinary Shares (the “New Placing Shares”) to a new investor in the Company (the “Investor” or “PSC”), an entity in the PSC Insurance Group (“PSC Group”), at a price of 252 pence each (the “Issue Price”) to raise gross proceeds of approximately £15.5 million for the Company (the “Placing”). Additionally, the Placing will also include the transfer by B.P. Marsh Management Limited (a company wholly owned by Brian Marsh, the Executive Chairman of the Group) of 1,166,310 Existing Ordinary Shares (the “Sale Shares”) to the Investor, who has also agreed to acquire the Sale Shares at the Issue Price….

Financial highlights   ·     6.5 per cent rise in operating profit to £11.6m (2017 – £10.9m)   ·     4.1 per cent growth in profit before tax…

Somero Enterprises, Inc. is pleased to provide an update on trading ahead of its Annual General Meeting to be held on Tuesday 12 June 2018….

Palace Capital, the property investment company that focuses on commercial property outside London, is pleased to announce its annual results for the year ended 31 March 2018.

TRANSFORMATIONAL YEAR ON ALL FRONTS:
LARGEST ACQUISITION TO DATE
MOVE TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE
LARGEST CAPITAL RAISE TO DATE
REGIONAL FOCUS CONTINUES TO GENERATE INCOME AND CAPITAL GROWTH…

TRENT 1000 SERVICE MANAGEMENT UPDATE
In April this year Rolls-Royce provided an update on the management of a durability issue affecting the Intermediate Pressure Compressor in a population of Trent 1000 engines, known as Package C engines. An update on the company's operational response to this issue was provided on May 30….

Accrol Group Holdings plc (“Accrol” or the “Company”), the leading independent tissue converter in the UK, is pleased to announce that Steven (“Steve”) James Townsley, aged 50, has been appointed as Chief Financial Officer with effect from today, 11 June 2018….