Small caps news round-up

AIM-listed Lakehouse issued a profit warning as it said it would have to make another £4m in write downs for the year. In a trading update, the company said it remained focused on resolving performance issues in its Regeneration division.

Critical components manufacturer Avingtrans announced on Tuesday that Maloney Metalcraft, part of Avingtrans' Energy and Medical division, has secured a £3.5m contract with EDF Energy to supply components for their current fleet of seven nuclear power stations across the UK. The AIM-traded firm said Maloney Metalcraft will supply gas-cooling process-critical valves for each of the seven EDF managed Advanced Gas-Cooled Reactors around the country, namely Dungeness B, Hinkley Point B, Hunterson B, Hartlepool, Heysham 1, Heysham 2 and Torness.

Contract research organisation Cyprotex posted its interim results for the half year to 30 June on Tuesday, with revenues up 26% to £8.73m from £6.93m a year ago. The AIM-traded firm’s gross margins were 77.5%, up from 76.8%, with operating profit up significantly to £1.49m from £0.36m.

FairFX has teamed up with UK airline Monarch to help holidaymakers save money on travel and benefit from a better customer experience. Monarch has signed an agreement with the FinTech low-cost multi-currency payments service to mutually promote each other's products, helping holidaymakers get better value for money in the wake of the EU referendum.

Electronics maker Filtronic said it had narrowed full year losses and was looking to a return to profitability. Pre-tax losses were cut to £7m from £11m on sales revenue of £13.6m compared with turnover of £17.5m in 2015 as new orders arrived in the fourth quarter for Filtronic's new Integrated Antenna product line.