Small caps roundup: Ceramic Fuel Cells, YouGov, Bayfield Energy Holdings
Ceramic Fuel Cells, a developer of generators which use fuel cell technology to convert natural gas into electricity and heat, said it had appointed a Commercial Director to its European management team as it seeks to increase sales in Germany. Andreas Ballhausen joins from German energy utility firm EWE. At the same time the firm said it was reducing sales resources in Australia, Japan and North America.
Ceramic Fuel Cells, a developer of generators which use fuel cell technology to convert natural gas into electricity and heat, said it had appointed a Commercial Director to its European management team as it seeks to increase sales in Germany. Andreas Ballhausen joins from German energy utility firm EWE. At the same time the firm said it was reducing sales resources in Australia, Japan and North America.
Pollsters YouGov fell on Monday after it said current trading was in line with the board's expectations, but the macro-economic environment, especially in Europe, remained uncertain. Total revenue in the year to the end of July was up 4% to £58.1m, with pre-tax profits rising 7% to £440,000 compared to the year before. Shares were down 3% at 1545.
Bayfield Energy Holdings announced it plans to merge with fellow Trinidad-based explorer Trinity Exploration & Production, with the new firm taking Trinity's name. Under the terms of the merger, which will be effected by the acquisition of Trinity by Bayfield, Trinity shareholders will own 55% of new Trinity and Bayfield shareholders will own 45%. The enlarged group, which will be the biggest explorer in Trinidad, intends to raise additional debt and/or equity capital in conjunction with the merger, it said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
MM
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The five insurance policies you should have
Some insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?
Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.