Findel Plc. said its full-year pretax profit will be below its previous expectations due to higher bad debt provisions at its home shopping business but it still sees profit marginally ahead of last year.
In a business update Findel said, in light of the deteriorating economic climate, it conducted a further review of its home shopping debt book and now estimates that the bad debt provision will be 5 million pounds higher than previously anticipated

FDG warned its expects its full-year performance will be significantly below market expectations.

London Scottish Bank Plc. said in the five months to March 31, 2008, the group reported an unaudited pretax loss of 6.5 million pounds versus a profit of 2.4 million last year.

B&B originally hoped to raise 300 million pounds by selling new shares to existing investors at 82 pence each last month after a U-turn initially reassuring investors that no right issues are needed in April. The bank's share price has fallen steeply since then, eroding most of the original rights issue's 48 percent discount.

Texas pacific Group and existing shareholders will pay 55 pence per share only now.

Hydrogen Group Plc., the specialist recruiter, on Friday put out a profit warning that if current trading conditions persist its first-half and full-year pretax profit will be lower than in the same period last year, sending shares sharply lower.
Landsbanki analyst Ian Jermin, who believes that the biggest weakness is in permanent recruitment within investment banking, said 'this is the first such warning since the credit crisis began nearly a year ago and should send warnings across the bows of other staffers with exposure to the financial services markets.'

the market research and management consultancy warned it has experienced extremely disappointing trading conditions since April 9, and that if such an economic environment continues, full-year results will be significantly below market expectations.
Against this backdrop, the company has reduced its original revenue projections for the current year by over 15 percent and is now assuming only a modest improvement in 2009.

American Leisure Group Limited announces that, in light of the continuing and well-publicised difficult conditions for companies seeking capital investment for the development of US residential property, it is now expected that the Company's Sonesta Orlando Resort at Tierra del Sol will be opened early in 2009.

The Company is currently in advanced discussions with an existing debt provider about securing a significant additional debt facility. These discussions are expected to conclude during June 2008.

Smoking ban and credit crunch has hit Mitchell and Butler's profits.

No takeovers for Regents Inns had seen its sp reeling.

For the year to end-December, the company posted a pretax loss of 1.3 million pounds from a restated 1 million last year, while turnover rose to 10.5 million pounds from 8.06 million. It described the performance as 'very disappointing'. Cost of sales rose to 8.27 million pounds from 6.9 million last year, while administrative expenses rose to 3.5 million pounds from 2.1 million.

Tanfield Group issued a profit warning today after reporting a 'marked slowing' in its markets. In a trading statement, the electric vehicle maker said it expects growth at a significantly lower level than previously forecasted, and it will not meet market expectations for the year. Turnover for the first six months was up 36% on a proforma basis at 91 million compared to the same period in 2007. The group's Powered Access unit, which accounts for up to 80% of project revenues, has been hardest hit by a fall in demand in the markets of its distributors and end users.
Tanfield said that its net cash position of 11.1 million at the half year is less than expected due to customer payment delays, increased inventory levels and late deliveries.

Alexon Group Plc, the British clothes and footwear retailer, posted a 40 percent percent fall to 5.2 million pounds from 8.7 million pounds in first-half operating profit on Wednesday and said trading had continued to be tough in the second half. The clothes and footwear specialist said it had cut its interim dividend by a third to 1 penny and said it would review both the dividend for the full year and its future dividend policy when its full-year results are announced in March 2009.

Superglass Holdings Plc. said it expects its profit for the year ended Aug. 31 2008 profit to be in line with current market expectations, but warned that it may not achieve market forecasts for the current year to August 2009.
'Going forward, economic conditions are more uncertain, and the directors have budgeted for the new financial year with some requisite caution. At this time the directors cannot be certain that current market expectations for the year ending 31 August 2009 will be achieved,' said the manufacturer of glass mineral fibre insulation.

Blacks Leisure has traded satisfactorily for the majority of the first half, however recent trading, especially during August, was difficult and the Group now expects that the loss before tax for the first half will be approximately 4.5m before exceptional items, compared to a loss before tax and exceptional items of 0.6m in the previous year