Small caps round-up: Chieftain, Mulberry, Northamber
Date: Friday 16 Nov 2007
LONDON (ShareCast) - Chieftain, an Aim-listed company providing services such as joinery and welding for the oil and gas sector, said that trading is significantly ahead of expectations.
It pointed to continued strong performances from its marine and engineering businesses.
Chief executive Bill Taylor said: “Opportunities in our core sectors remain exciting and we believe we are well positioned to continue winning tenders across our businesses. We look forward to the full year result with confidence and also to 2008.”
Aim-listed fashion house Mulberry has appointed Roger Mather as chief financial officer.
He succeeds Guy Rutherford who leaves the company at the end of 2007.
Mather, a chartered accountant who trained with Price Waterhouse, spent the last ten years working for trading and services company Otto Group in Hong Kong and the UK.
Computer hardware supplier Northamber’s sales have failed to grow because of the weak US dollar, a factor which is likely to weigh on pricing and therefore sales revenues, the company’s chairman said.
David Philips said that the company’s ability to grow its sales would also be hindered by the expected tightening of credit.
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