LONDON (ShareCast) - Fabrics producer Fiberweb (LSE: FWEB.L - news) said since its interims in April, it has continued to perform in
line with the Board's expectations. As expected, volumes in the first half continued to show weakness overall.
"However, underlying margins have continued to improve due to the ongoing benefit of cost reduction programmes, improvements in operating efficiencies and lower raw material prices at the beginning of the year resulting in a first half in line with expectations," it said.
Innovision Research & Technology said broker KBC Peel Hunt has conditionally placed 30m shares to raise approximately £5.4m, before expenses, at a price of 18p per share.
The net proceeds of the Placing will be used for extracting value from position within NFC-IP market and NFC Tag product development.
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