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.
-
What investors can expect from stocks and economies in 2025
There are reasons for investors to be hopeful about 2025, with slowing interest rates and moderating oil prices. But trouble may be brewing in bond markets
By Alex Rankine Published
-
Is Xi Jinping ready for Donald Trump's tariffs on China?
The ascent of Donald Trump will bring new challenges for Xi Jinping
By Emily Hohler Published