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Getech Group boosted by contract wins
A look at the major movers on the London market on Thursday
Getech Group PLC (LON:GTC) has gained ground after positive contract news and an increasing presence in green energy.
The company, which specialises in providing data, software and analytic products to the energy industry, said it had renewed software licences with existing customers with a combined value of around £375,000.
It has also won contracts for data and services with new and existing customers worth a total of £350,000, including work in new areas for the company in the petroleum and geothermal sectors.
The contracts should add around £537,000 to this year s revenues, meaning it continues to trade in line with current market expectations.
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Real Good Food in £43m sale of Brighter Foods to THG Real Good Food (RGF) has agreed to sell its snack bar business Brighter Foods to THG for £43m, allowing it to focus on its cake decoration subsidiaries Renshaw and Rainbow Dust Colours.
RGF, through its subsidiary NBF, has an 84% stake in the issued share capital of Brighter Foods, which operates a factory at the Pendre Industrial Estate, Tywyn, in Wales. The balance was owned by Brighter Foods s managers. RGF itself would therefore receive cash proceeds of £35.6m from the deal.
The net assets being disposed of amount to £17.3m, resulting in a profit on disposal of an estimated £20.4m. Brighter Foods claims to have the capacity to make a million bars a day for brand partners across the globe in the slimming, sport, organic, free-from and other markets.
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