Business

Clikia Corp. Announces Reverse Stock Split

BATON ROUGE, LA, July 23, 2018 (GLOBE NEWSWIRE) — Clikia Corp. (OTC PINK: CLKAD), provider of ClikiaTV, a streaming (over-the-top, OTT) cable television subscription service, today announced a reverse stock split of its shares of common stock at a ratio of 1-for-500. The reverse split will take effect at the open of business Monday, July 23, 2018, and shares of […]

Greencoat raises €111m in share placing

Renewable infrastructure fund Greencoat has raised €111m in an oversubscribed share placing. The funds raised will be used to refinance the company’s revolving credit facility, allowing the company to make acquisitions. Greencoat already owns five windfarms in Ireland. The company will issue 110 million placing shares at a price of €1.01 per share, increasing the total issued share capital of […]

Exceptionally warm weather sees Britvic revenue increase 11pc in Ireland

Britvic’s Irish arm has seen its revenue grow 11pc year-on-year in the soft drink company’s third quarter. The performance was driven by the exceptionally warm weather, the company said in a trading update today. Overall, the company reported third quarter revenue of £366.9m (€411m) for the three month period, an increase of 3.4pc on the previous year. However, excluding the […]

Ferrero profits dip to €2.44m

Pre-tax profits at the Cork-based unit of sweet manufacturer Ferrero last year deceased by 11pc, to €2.44m, as revenues dipped. The drop in profit followed revenues decreasing from €28.6m to €28.04m in the 12 months to the end of August last at Ferrero Ireland Ltd. The figures show that the numbers employed at the company, which makes Tic Tac mints, […]

Alucraft bought by private equity firm

UK private equity firm Elaghmore Partners has bought Irish glazing business Alucraft Group. Elaghmore said it was the biggest deal it had done out of its first fund, though it did not disclose financial specifics. Alucraft was founded in 1975 and has worked on a number of high-profile commercial property projects. Alucraft managing director Jack McHugh said the company was […]