Small Caps
SDL revenues grow on improved margins
Language translation technology group SDL announced on Friday that, based on unaudited results, it was expecting to deliver an adjusted EBITDA for 2017 of approximately £22m after the firm saw language services division improve gross margins throughout the second half of the trading year.
Prospex Oil and Gas kicks off flow-testing at Italian asset
European-focussed energy investor Prospex Oil and Gas announced on Friday that flow-testing at the Podere Maiar-1 well in Italy had begun, with results from the testing expected to be available before 19 January.
Escher Group sees FY earnings at around $2.8m
Dublin-based software company Escher Group said on Friday that full-year revenue is expected to be marginally ahead of the $18m forecast in the trading update in November, while adjusted earnings before interest, tax, depreciation and amortisation will be around $2. 8m.
7digital wins two new contracts; sees progress with clients
Music streaming and radio service provider 7digital Group on Friday said it had won two new contracts to further underpin 2018 revenues.
Lighthouse Group sees FY earnings, revenue and pre-tax profit ahead of views
AIM-listed Lighthouse Group said on Friday that it expects to report full-year revenue, earnings before interest, tax, depreciation and amortisation and pre-tax profit ahead of market views.
XP Power closes out trading year with strong fourth quarter
Critical power control components developer and manufacturer XP Power had a "good finish" to its trading year ended 31 December, as strong order intake drove robust revenue growth.
Armadale Capital offloads Cono gold project to Radismore
African-focussed natural resource investor Armadale Capital has agreed to sell its interest in the Mpokoto gold project in the Democratic Republic of Congo for a total of $0. 56m and a 1. 5% royalty on all gold produced.
Avocet Mining defers sale of Burkino Faso assets
Embattled gold explorer Avocet Mining has been forced to delay the sale of its Burkina Faso assets, including the Inata goldmine, on the request of the buyer, Ghana's Balaji Group.
Petards sees FY profits hoisted above expectations
Surveillance group Petards said it expected full year pre-tax profits to be above market expectations, although £1m in revenues would be deferred into 2018.
FFI Holdings buys motorsports entertainment insurance book from All Risks
AIM-listed FFI Holdings has acquired the motorsports entertainment insurance book of business from All Risks, the largest US independent wholesale brokerage, through its subsidiary Reel Media.
President Energy completes Argentinian workovers ahead of target
AIM-listed oil and gas group President Energy wrapped up its third and fourth workover wells at the recently acquired Puesto Flores Field in Argentina, completing the project on time and under budget.
Italian tax office appeals over Telit VAT ruling
Telit Communications said Italian tax authorities were appealing to the country's Supreme Court over its three year VAT assessment case.