Small caps round-up: CareCapital, Ultima, Digital Learning...

Real Estate investment firm CareCapital has announced it is to forward-sell individual projects to third party landlords in a bid to ensure that financial risk to the group is minimised without forgoing or reducing development profits. The projects have a combined value of £21.8m, of which £14.6m-worth has so far been forward-sold to investors. The firm anticipates the completion of these developments within the next two years. The firm also announced plans to save £250,000 a year by not renewing the lease on its head offices in central London.

Real Estate investment firm CareCapital has announced it is to forward-sell individual projects to third party landlords in a bid to ensure that financial risk to the group is minimised without forgoing or reducing development profits. The projects have a combined value of £21.8m, of which £14.6m-worth has so far been forward-sold to investors. The firm anticipates the completion of these developments within the next two years. The firm also announced plans to save £250,000 a year by not renewing the lease on its head offices in central London.

Information and green technology outfit Ultima has reported growth in all of its operating divisions during the year ended December 31st and that it expects to report turnover and net profit ahead of market expectations. The increase comes after significant green power sales growth in continental Europe more than compensated for the difficult market conditions for luxury goods in the UK. "The continued investments in new technology with a strong R&D [research and development] effort reinforces the company's focus on achieving growth and profitability," the firm said.

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