SThree expects profits to beat forecasts after strong demand for science staff
A look at the main movers on the London market on Thursday
SThree PLC (LON:STEM) has jumped more than 7% after the staffing group said full year profits would beat City forecasts.
The company, which specialises in recruitment roles in Science, Technology, Engineering and Mathematics said its trading performance in the second quarter had been stronger than expected, especially in Life Sciences and Technology. There were also good erformances from its US, German and Dutch businesses.
It added: Whilst there remains a level of uncertainty around the second half of the financial year, particularly in regard to new COVID-19 variants and the impact of annual leave backlogs for both contractors and our own employees, the strength of the first half means that the board now expects profit before tax for the 12 months to 30 November 2021 to be materially above market consensus [of pretax profits of £39.7mln
Outgoing Chairman confident in company position and investor base Company seeks new Chairman candidate Following the departure of Director and non-executive Chairman Iain Ross from its drug discovery and development operations yesterday (June1), RedX Pharma initiated the search for a new candidate and also confirmed the appointment of Peter Presland, Independent non-executive Director and Chairman of the Audit Committee, as interim Chairman with immediate effect. Click to read more.
EXECUTIVE CHANGES: Tekmar hires former Kromek CFO; Redx chair departs
Tue, 1st Jun 2021 15:51
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:
Tekmar Group PLC - provider of technology and services for offshore energy markets - Hires Derek Bulmer as new chief financial officer. Sue Hurst, the current CFO, steps down from the role on Tuesday but will remain on the board for a transition period. Bulmer was CFO and in-house counsel for AIM-listed radiation detection technology firm Kromek Group PLC from 2010 until last year. Prior to Kromek, he had worked at brick maker Ibstock PLC, among other employers. Tekmar also announced its annual results on Tuesday. For the 12 months ended March 31, it swung to pretax loss of GBP2.5 million from a profit of GBP2.0 million the year before, on revenue which declined 29% to GBP29.1 million from GBP40.9 million.