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Business Support Services

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Multiconsult proposes new legal structure

Tuesday, 23 May 2017 02:00am EDT

May 23 (Reuters) - MULTICONSULT ASA :MULTICONSULT ASA - PROPOSAL FOR NEW LEGAL STRUCTURE.COMPANY'S NORWEGIAN OPERATIONAL ACTIVITIES WILL BE DEMERGED AND THEN MERGED INTO A WHOLLY-OWNED SUBSIDIARY.MERGER CONSIDERATION WILL BE ISSUED BY MULTICONSULT ASA BY INCREASING NOMINAL VALUE OF EXISTING SHARES IN MULTICONSULT ASA.NEW LEGAL STRUCTURE IS EXPECTED TO BE COMPLETED IN END OF AUGUST 2017..

LION E-Mobility invests in Inboard Technology

Friday, 19 May 2017 01:18am EDT

May 19 (Reuters) - LION E MOBILITY AG :INVESTS IN INBOARD TECHNOLOGY.

Yamada Consulting Group announces merger between wholly owed units

Thursday, 18 May 2017 04:48am EDT

May 18(Reuters) - Yamada Consulting Group Co Ltd <4792.T>:Says it plans merger between two Tokyo-based wholly owned units, YAMADA Business Consulting Co Ltd and YAMADA FAS Co Ltd.Merger effective date on July 1.Says YAMADA FAS will be dissolved after the transaction.

DBA Telecommunication (Asia) updates on placing agreement

Wednesday, 17 May 2017 10:50am EDT

May 17 (Reuters) - Dba Telecommunication (Asia) Holdings Ltd <3335.HK>::Entered into placing agreement with Changjiang Securities Brokerage (HK) Limited.Net proceeds from placing will be approximately HK$40.3 million.Intends to use net proceeds as to costs and expenses in connection with proposed restructuring of company.Placing of 70 million placing shares at a price of HK$0.6 per placing share.

Speedy Hire says FY revenue rose 12.2 pct to 369.4 mln stg

Tuesday, 16 May 2017 02:00am EDT

May 16 (Reuters) - Speedy Hire Plc ::FY pretax profit 14.4 million stg versus 57.6 million stg loss year ago.FY revenue rose 12.2 percent to 369.4 million stg.Final dividend up 67.5 percent to 0.67 penceper share.Total dividend 1 pence per share."Turnaround phase completed; strategy in place to drive sustainable profitable growth".Have made a solid start to year, but market remains competitive.Well positioned to take advantage of market opportunities and continue to deliver sustainable profitable growth.

ITE says HY headline pretax profits up 2 pct on LFL basis

Tuesday, 16 May 2017 02:00am EDT

May 16 (Reuters) - ITE Group Plc ::Interim dividend 1.5 pence per share.HY statutory revenue up to 69.6 mln stg; statutory profit before tax down to 3.1 mln stg due to event timings, foreign exchange and restructuring costs.Ongoing stabilisation in Moscow is encouraging but trading remains challenging in a number of regions.Continued strong cash generation; reduced net debt from 59.1 mln stg at Sept. 30 2016 to 55.2 mln stg at March 31 2017.Interim dividend maintained.Improved level of bookings partly reflects new management sales initiatives.Confidence in full year outcome with over 98 pct of revenues for FY 2017 contracted.HY headline pre-tax profits of 15.4 mln stg are 19 pct lower than same period last year, yet up 2 pct on a like-for-like basis.HY reported profits before tax were 3.1 mln stg(2016: 10.6 mln stg).Both headline PBT and EPS to be impacted in current year; anticipated flat or low growth in 2018 and anticipated double digit growth into 2019.Anticipate a positive return on investment within three years and cash payback within four years.HY headline diluted earnings per share for first six months were 3.9p (2016: 5.2p).

Cartesian reports Q1 loss per share of $0.17

Monday, 15 May 2017 04:05pm EDT

May 15 (Reuters) - Cartesian Inc :Cartesian reports first quarter 2017 financial results.Q1 GAAP loss per share $0.17.Q1 adjusted non-GAAP loss per share $0.09.Revenues in q1 of 2017 decreased by 30 pct to $14.3 million from $20.3 million in same year-ago period."Our Q1 revenues were impacted by delayed project starts within several existing and new clients".On a non-GAAP constant currency basis, revenues in Q1 of 2017 were $15.8 million, a decrease of 22 pct."We expect revenues to improve going forward but our results demonstrate need to accelerate evolution of our business".

Newtek Small Business Finance increases Capital One revolving credit facility to $100 mln

Monday, 15 May 2017 09:00am EDT

May 15 (Reuters) - Newtek Business Services Corp :Newtek Small Business Finance, LLC increases Capital One revolving credit facility to $100.0 million.Newtek Business Services Corp - term of the loan has been extended three years, through May 2020.Newtek Business Services- Newtek Small Business Finance, LLC increased its existing revolving credit facility by $50.0 million to $100.0 million.Newtek Business Services Corp - concurrent with line increase, NSBF received a reduction in interest rate from its present facility of 1.125%.

TOW unit says reorganization of branches

Monday, 15 May 2017 01:31am EDT

May 15(Reuters) - TOW Co Ltd <4767.T>:Says unit T2 Creative Co., Ltd. plans to integrate a Kansai-based branch and an Nagoya-based branch.Says change will occur on July 1.

Interserve says expectations for overall performance and cash delivery are unchanged

Friday, 12 May 2017 02:00am EDT

May 12 (Reuters) - Interserve Plc ::Provides an update on current trading for first four months of year.Revenue in support services division in first four months of year remains robust and in-line with expectations.International construction and support services businesses also performing as expected, with visibility of future workload maintained."Trading in UK construction business remains mixed, but is in line with overall expectations, which anticipate improving performance in H2 as older, less favourable contracts are completed"."There has, as yet, been little noticeable slowdown in our volume of work from u.k. Government, although workflow may be impacted by general election".Expectations for overall performance and cash delivery of group are consequently unchanged.

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