Stock Market News
Airea surges as James Halstead in 'very early stages' of considering an offer
Shares in Airea surged on Thursday as James Halstead confirmed that it was in the "very early stages" of evaluating making an offer for the AIM-listed specialist flooring company.
Airea said it had not had any discussions with the Manchester-based flooring manufacturer and distributor regarding a potential offer, nor had it received any approach.
"Airea shareholders are strongly advised to take no action at this stage. There can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be made," it said.
Last month, Airea posted a pre-tax loss of £1.5m for the 18 months to 31 December 2017 compared with a profit of £1.4m for the 12 months to end of June 2016. The company also announced that it was closing its residential carpet business, Ryalux, which has been loss-making for several years.
At 1040 BST, the shares were up 23% to 62.70p.
Airea said it had not had any discussions with the Manchester-based flooring manufacturer and distributor regarding a potential offer, nor had it received any approach.
"Airea shareholders are strongly advised to take no action at this stage. There can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be made," it said.
Last month, Airea posted a pre-tax loss of £1.5m for the 18 months to 31 December 2017 compared with a profit of £1.4m for the 12 months to end of June 2016. The company also announced that it was closing its residential carpet business, Ryalux, which has been loss-making for several years.
At 1040 BST, the shares were up 23% to 62.70p.
Related share prices |
---|
James Halstead (JHD) share price |
AIREA (AIEA) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price