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Tanfield Group PLC Ord 5P (TAN)

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20-Oct-2010 08:31 AM

Tanfield gives SEVUS 60 days to complete consolidation

Electric vans group Tanfield has granted its associate company Smith Electric Vehicles US Corp (SEVUS) a 60-day exclusivity option to complete its consolidation of Tanfield's UK-based Smith Electric Vehicles business, in return for $1m. Tanfield say
18-Oct-2010 12:36 PM

Tanfield sees no merit in Liberty offer

Electric vans group Tanfield said it 'saw no merit in pursuing' an indicative proposal from Liberty Electric Cars to combine their businesses. Tanfield's board was pleased with the progress of its business strategy and continued to make p
18-Oct-2010 12:30 PM

Tanfield rejects Liberty business combination plan

Oxford-based Liberty Electric Cars has denied media speculation that it plans to make an offer to acquire troubled rival Tanfield Group. However, it has tabled a proposal to combine the companies' businesses, which the Tanfield board has rejected.
26-Aug-2010 12:56 PM

Tanfield plans equity issue as cash bleed continues

Electric vehicles group Tanfield plans an equity fund-raising to fund its continuing cash outflow. In its earlier IMS, the group said that despite its focus on cash preservation, its net cash had fallen to £2.2m at June 30. As a priority, it was review
18-Aug-2010 02:06 PM

Tanfield Group suffers £10m interim loss

Electric vehicle and lift manufacturer, Tanfield Group reports continuing losses of £10m for the six months to 30 June 2010 ( 2009 interim losses £10.55m). Revenue for the period was 6% lower at £28.1m ( H1 2009 £29.9m). Net cash at 30 June 2010 was £2.
09-Aug-2010 09:50 AM

Tanfield says US electric vehicle business plans Nasdaq listing

Tanfield Group has announced a proposed US flotation of its electric vehicle businesses. The group has signed non-binding heads of terms to consolidate SEV UK and SEVUS. It says this strategy follows a review of how to optimise shareholder value and a
09-Jul-2010 08:01 AM

Tanfield in US electric vehicles talks

Tanfield Group plc, the commercial electric vehicle business traded on AIM, has received a non-binding offer from Smith Electric Vehicles US (SEVUS) for its Smith Electric Vehicles business. Tanfield has today agreed to extend the exclusivity period for
07-May-2010 08:21 AM

Tanfield swings to £21.4m operating loss as revenue slumps

Aerial work platforms and commercial electric vehicles maker Tanfield Group reported an operating loss of £21.4m for the year to December, against a 2009 profit of £1.3m. Revenue was down 60% at £58.2m from £145.7m, which Tanfield said reflected continui
10-Mar-2010 09:05 AM

SEVUS offers Tanfield £37m for electric vehicle division

Tanfield has received a non-binding conditional offer from Smith Electric Vehicles US (SEVUS) for the company's Smith Electric Vehicle division. The offer is for £37m in cash, equivalent to 50p per Tanfield share. Tanfield would also receive an a
22-Dec-2009 09:43 AM

Jon Pither to chair Tanfield

Electric vehicles group Tanfield has appointed Jon Pither as non-executive chairman from 1 January. Tanfield says Pither has significant experience of AIM-quoted companies. He is is currently chairman of Southern Bear and Active Capital Trust and depu...
02-Dec-2009 01:04 PM

Tanfield wins Sainsbury's electric van order

Tanfield's trading division, Smith Electric Vehicles, has won an order from J Sainsbury for 51 Edison Electric vans. The vehicles will be deployed in Sainsbury's online grocery delivery service in London and will make Sainsbury's one of the largest opera...
30-Oct-2009 08:57 AM

Tanfield partner to develop US mail trucks

Electric vehicles group Tanfield's partner SEV US Corp is to develop a prototype postal delivery vehicle for the US Postal Service. Together with Indiana manufacturer AM General, SEV is developing an electric version of the petrol-powered Long Life Veh...
01-Oct-2009 08:06 AM

Datatec acquires New Zealand distributor

International information and communications technology group Datatec has acquired New Zealand ICT distributor Datastor (NZ). The acquisition provides Datatec's subsidiary Westcon Group with the opportunity to add an additional operation in New Zealand t...

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