Small caps round-up: NWF Group, Timeweave, North Midland Construction
NWF Group has appointed Brendon Banner as its new Group Finance Director as of November, replacing Johnathan Ford who is leaving at the end of September to take over the position of Chief Financial Officer of HomeServe. Brendon joins from William Hare Group, a structural steel engineering and fabrication group. He has been in industry for the last nine years, including senior finance positions at Shop Direct Group.
NWF Group has appointed Brendon Banner as its new Group Finance Director as of November, replacing Johnathan Ford who is leaving at the end of September to take over the position of Chief Financial Officer of HomeServe. Brendon joins from William Hare Group, a structural steel engineering and fabrication group. He has been in industry for the last nine years, including senior finance positions at Shop Direct Group.
Timeweave, the holding company of a group which owns a 50% holding in Amalgamated Racing (AMRAC), posted a slight rise in half year revenue, from £14.27m to £14.35m following a period of stable trading, while pre-tax profit increased from £3.8m to £4.3m. Total earnings per share increased from 1.3p to 1.4p. Cash and equivalents at the period end increased from £28.2m to £33.2m year-on-year. No dividend was paid.
Shares in North Midland Construction fell after the company's first half revenues dropped from £91.3m to £74.9m year-on-year after significant losses in the building and civil engineering division. Profit before tax fell from £1.3m to £0.1m, while earnings per share plunged from 12.52p to 0.23p. The proposed dividend was slashed from 2.5p to 1.5p. The firm's Chairman described the results as "disappointing".
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
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Apple loses court battle over €13bn tax bill - should you invest?
The case against Apple was brought by the European Commission and ends an eight-year dispute
By Chris Newlands Published
-
“Fast-track justice” goes off the rails: is it time to rethink the system?
Single Justice Procedures, or fast-track justice, designed to deal with minor offences, have become increasingly heavy-handed. Is it time for an overhaul?
By Simon Wilson Published