Chemring appoints Michael Flowers as CEO as profits drop June 24, 2014 Chemring Group has announced that Michael Flowers has been appointed chief executive with immediate effect, replacing Mark Papworth. Peter Hickson, Chairman of Chemring, said: Michael Flowers has a proven track record, both within the international defence industry and within Chemring, where he led our Australian business through a successful period of growth and, more recently, [...]
Carpetright sees profits fall as Baroness Noakes prepares to step down June 24, 2014 Carpetright has announced losses before tax of £7.2m for the 52 weeks ended 26 April. The carpet and floor coverings retailer also saw a slight fall in like-for-like revenues of 0.2 per cent. Over the period 89 stores were refurbished. This took the total to 275 stores, representing 58 per cent of the trading estate. [...]
Petrofac operations not impacted by Iraq turmoil June 24, 2014 Oil and gas services firm Petrofac has said that its operations in Iraq, which represents less than five per cent of expected revenues for this year, have not been significantly impacted by the recent wave of violence sweeping many parts of the country. The company's operations are mainly concentrated in the south and east of [...]
Bitcoin finds new champion in US Congress June 23, 2014 Bitcoin and other cryptocurrencies have had a testy relationship with legislators. Across the world lawmakers have struggled to articulate a coherent response to the rapid rise of digital currencies. Many have been sceptical about their benefits and sometimes have even displayed outright hostility to the emergence of semi-anonymous private monies. However, in the US House [...]
Darkcoin fails to rise after latest hardfork failure June 23, 2014 Times have been tough for the privacy centred cryptocurrency Darkcoin. The digital currency's last attempt to implement its masternode system ended in failure after the blockchain split into several forks. Cryptocurrencies can only have a single path stemming from the original block. However, one-block forks can be created when two blocks come into being only [...]
AA share price falls on first day trading June 23, 2014 The roadside recovery service AA has seen its share price slide 2.4 per cent on its first day trading as a publicly listed company. The initial public offering (IPO) consisted of 554m shares being priced at 250p each. £185m of the proceeds will be used to cut down the company's leverage. The IPO was announced [...]
Ultra lands $21m from General Dynamics Electric Boat Corporation June 23, 2014 Defence, security and transport firm Ultra Electronics has announced that its EMS Development Corporation Business has won a multi-year contract worth over $21m from General Dynamics Electric Boat Corporation. The deal is for the production of naval computer-controlled power supply systems, with delivery to take place over the next five years. The FTSE 250 company [...]
