Cyan Holdings, the wireless solutions company, has revealed that three more Cyan partners have received requests from the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading tender to proceed with installation and commissioning of 500 unit pilots within the next 25 days. The news follows Cyan's announcement at the end of May that the first Cyan metering partner in India had received a formal request from the TNEB.
Airline company Aer Lingus Group has said that its flown passenger load factor in May 2012 increased by 2.9 percentage points on May 2011 to 76.2%. Short haul flown load factor was 73.8%, an increase of 0.9 points on May 2011, with capacity decreasing by 1.6%. Long haul flown load factor was 81.5%, a year-on-year (y/y) increase of 7.4 points, with capacity increasing by 0.5%. The company's flown passengers in May totalled 882,000, a y/y increase of 0.1% compared. Short haul flown passengers in May 2012 were 793,000, a y/y decrease of 1.1%, while long haul flown passengers in May 2012 were 89,000, an increase of 12.7% on May 2011. Aer Lingus Regional's total flown passenger numbers in May 2012 were 88,000, an increase of 33.3% compared to May 2011.
Mobile Tornado Group, a provider of instant communication mobile applications to the enterprise market, posted a rise in revenues from £1.4m to £2.0m, while pre-tax loses narrowed to £1.2m (2010: £1.6m). The cost of sales doubled to £0.7m, while basic and diluted losses per share came in at 0.59p, compared to 0.85p the previous year. The company achieved increased sales activity during the year, up 43%, and believes that market within which it operates is increasingly receptive to the proposition it has developed.
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ANGLE, a technology commercialisation company, has said that its partner, ORIGIO, has received a bid from Cooper Companies, which values ORIGIO at $189m, including debt. Directors and shareholders owning a total of 46% in the company have signed irrevocable undertakings to accept the Cooper offer. The offer represents a 73% premium to the closing price of the shares on June 1st. Cooper has said the combined business will be ranked number one in the IVF market with a 39% market share. If the offer is completed, ORIGIO will continue under the same executive management team and name, operating as an indirect wholly-owned subsidiary of Cooper.
Sareum Holdings has conditionally raised £25,000 (before expenses) after placing just over 2.9m shares at 0.85p each. The placing follows a placing made on Wednesday, which raised £0.23m. The company believes that both placings offer the most effective way of providing capital to accelerate its drug discovery programme and to provide working capital for the company. It is expected that the shares will begin trading on June 11th. The company now has around 1.5bn shares in issue.
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