Market News - Page 717

TRENT 1000 SERVICE MANAGEMENT UPDATE
In April this year Rolls-Royce provided an update on the management of a durability issue affecting the Intermediate Pressure Compressor in a population of Trent 1000 engines, known as Package C engines. An update on the company's operational response to this issue was provided on May 30….

Accrol Group Holdings plc (“Accrol” or the “Company”), the leading independent tissue converter in the UK, is pleased to announce that Steven (“Steve”) James Townsley, aged 50, has been appointed as Chief Financial Officer with effect from today, 11 June 2018….

Highlights
Net Asset Value total return +5.7% vs Benchmark +7.7%
Share Price total return +5.7%
Dividends for the year increased by 3.9% vs inflation of 2.4%
A yield of 3.7% on the year-end share price
Annualised volatility 5.7% compared with 9.2% for the FTSE All-Share Index
Revised Investment Objective and Policy with effect from 7 July 2017
Discount Control Mechanism – net issuance of £11.1m worth of Shares
Shares traded at a small premium to Net Asset Value for almost all of the period…

Joint Venture with Empresas AquaChile S.A. (the “JV”)
Placing to raise £19.0 million (before expenses)
Trading Update and Notice of Half Year Results…

Harworth Group plc (“Harworth” or the “Company”), the leading regenerator of land and property for development and investment, will be hosting an investor and analyst site tour today.

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Pressure Technologies plc (AIM: PRES), the specialist engineering group is pleased to announce that it has today agreed the sale of Hydratron Limited (“Hydratron”) (the “Disposal”), which comprises the Group's Engineered Products Division, to Pryme Group Limited for an initial cash consideration of £1.1 million (less costs and retentions). Additional consideration of up to £2.25 million may become payable in cash contingent on Hydratron's trading performance for the twelve month period to 31 May 2019….

Camellia Plc has today issued the following update on trading in the year to date.

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Thames Water has today agreed to pay £65M back to customers as part of a
package of payments and penalties worth £120M. This follows an Ofwat
investigation which found that Thames Water's Board did not have sufficient
oversight and control of the company's leakage performance.
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