French orders boost Sprue

COVENTRY-based Sprue, one of Europe’s leading home safety products suppliers, has said its order book continues to grow, driven by a significant increase in smoke detector orders received for the French market.

As a result of the surge in orders, the board said the company now expected its full year results to exceed market expectations.

It said it would provide a further update on trading and prospects for the current year when it publishes its interims for the six months to June 30, 2014 which are due to be announced on September 22, 2014.

In addition, the company said it would be hosting an institutional investor site visit on August 20.

Change of stockbroker for Trifast

BIRMINGHAM-based fasteners group, Trifast, has appointed Peel Hunt as its sole corporate stockbroker. The appointment takes effect from September 1.

Trifast said as the company continued its development it was looking forward to working with the new team.

The directors acknowledged and thanked previous stockbroker, Arden Partners, for its support and counsel during the last five years.

The company has also announced that its Annual General Meeting will be held on September 18, 2014. The board and operational teams said they were looking forward to updating stakeholders on the company’s ongoing progress.

New NED for AFH

BROMSGROVE-based IFA, AFH, has announced the appointment of Mark Chambers as a new non-executive director with immediate effect.

Chambers has over 30 years of financial and business experience having spent 19 years at Man Group between 1994 and 2013 in a range of senior roles including Head of Institutional Sales and Head of Global Banking Sales. He has also previously held senior positions at Daiwa Europe and County NatWest Securities.

Alan Hudson, Chief Executive Officer of the company, said: “We are delighted to welcome such an experienced individual to the board and we believe Mark will make a positive contribution to AFH moving forward.”   

AFH recently concluded the latest stage in its growth strategy by moving to the Alternative Investment Market (AIM).