Small caps news round-up

Jiasen International Holdings said on Wednesday that it was not aware of any reason for the jump in its share price. The AIM-listed designer, manufacturer and wholesaler of wooden home furnishings said it was in the process of conducting its annual audit and expects to release its final results, including a trading update, in the week beginning 20 June.

Patisserie Holdings served up a bigger slice of half-time profits as the operator of the Patisserie Valerie chain demonstrated admirable discipline to widen margins in spite of the increased wage costs. Revenue for the six months ended 31 March of £50.0m was a 14% increase on the same period last year.

DX Group said on Wednesday that it is now considering its options after its planning application for a new central hub in the West Midlands was not approved. “The board of DX will now consider its options, including an appeal against the decision, in consultation with its planning and property advisers.” DX, a parcels, mail and logistics network operator, said a further announcement will be made in due course.

Zotefoams says first-quarter sales are ahead of the record achieved in the same period a year ago, propping shares in the cellular material technology specialist up almost 9% this afternoon. “While it is still early in the year and we are mindful of the potential impact of economic conditions we continue to expect 2016 to be another year of progress and remain confident about the long-term prospects of the business," it said in a statement for its annual meeting earlier today.