City news: Redhall legal dispute update; Crawshaw eyes meaty Christmas
REDHALL Group today said it expects a judgement in the court case over its long-running dispute with Vivergo to be announced next month.
The case between the Wakefield-based specialist engineering support services business and Vivergo, the renewable energy firm, centres on the decision to terminate Redhall’s work at a new biofuels plant at Saltend in 2011.
The court case was heard in November last year and Redhall welcomed the news that the judgement is expected next month.
“Following receipt of the judgement, and to ensure it has the opportunity to assimilate fully the effect, the Board expects to make its preliminary announcement of the results for the year ended 30 September 2013 by the end of January 2014,” it said in a statement to the Stock Exchange.
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BUTCHER shop chain Crawshaw Group today said it had seen a rise in sales heading into the crucial Christmas trading period.
The Rotherham-based group which operates around 20 butchers shops and two meat distribution centres covering Yorkshire and the Humber, Lincolnshire and Nottinghamshire, said in September when it reported half year results that sales were up 10% in the eight weeks since the end of the half year.
It said today that “management actions to grow sales and margin continue to work” and like-for-like sales for the seven weeks since then are up 18%, and at a higher gross margin.
Richard Rose, chairman of Crawshaw, commented: “This progressive improvement in our trading performance which is broadly spread across most of our retail stores gives me further encouragement for the future and I look forward to updating the market further following our very important Christmas trading period.”
