Small caps round-up: United Carpets, PLUS, Tristel and Phaunos

Floor coverings seller United Carpets has had to terminate a number of struggling franchises this year, which is likely to have a detrimental effect on the performance of the group, as it is proving increasingly challenging in the current environment to turn around failing stores.

Floor coverings seller United Carpets has had to terminate a number of struggling franchises this year, which is likely to have a detrimental effect on the performance of the group, as it is proving increasingly challenging in the current environment to turn around failing stores.

PLUS Markets Group has agreed to sell PLUS Trading Solutions, its wholly-owned trading technology platform, to FORUM Trading Solutions, for £281,251, comprising an initial consideration of £1 and deferred consideration of £281,250. If the disposal is for any reason not completed, FORUM will continue to provide the services currently provided by PLUS-TS to PLUS-SX, on the same terms as previously agreed. The assets subject to the transaction are £48,000, with the group retaining any outstanding liabilities up to the date of disposal. PLUS-TS has no attributable profits and is loss making.

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