Abbey on track to match 'or perhaps better' 2019 interim performance
2nd Oct 2020 09:41
(Sharecast News) - Building and property development firm Abbey said on Friday that trading over the summer had been "good", with the group now on track to "match or perhaps better" last year's first-half results.
Read moreAbbey cancels dividend as Covid has 'significant' impact
24th Mar 2020 15:39
(Sharecast News) - Abbey updated the market on recent developments amid the Covid-19 coronavirus pandemic on Tuesday, and the impact it was having on is business.
Read moreInterim profits slide at Abbey
6th Dec 2019 08:36
(Sharecast News) - Housebuilder Abbey saw profits drop in the six months ended 31 October but said second-half sales had been "good" so far.
Read moreAbbey witnesses good trading throughout summer months
4th Oct 2019 13:03
(Sharecast News) - Property development firm Abbey told investors at its annual general meeting on Friday that trading over the summer months had been "good".
Read moreHigh build costs limit Abbey profits growth
7th Dec 2018 08:06
(Sharecast News) - Housebuilder Abbey reported on Friday that its interim profits crept up in the face of high pressure from labour and material costs.
Read moreLack of land availability drags on smaller housebuilders
20th Sep 2016 09:09
(ShareCast News) - The biggest barrier for two-thirds of small and medium sized building firms was the lack of available land, according to a new industry survey, which has resulted in a skewing of the market towards larger operators in recent decades. For the second year in a row, small and medium-
Read moreDirector dealings: Abbey's founding Gallagher family adds to stake
21st Jul 2016 16:09
(ShareCast News) - Construction group Abbey's controlling Gallagher family has further built up its stake in the company with a €756,000 purchase a week after a robust set of full year results. The Gallagher Holdings family vehicle, which is represented on the board by Charles Gallagher Jnr, Abbe
Read moreAbbey shares up more than 10% off double profit announcement
8th Jul 2015 10:55
Shares in Abbey surged after the property firm said it doubled its full year pre-tax profit. The company's pre-tax profit was up 204% from €49.1 m to €24.1m, which after tax equated to earnings per share of 184.02 cents. Abbey said the company completed 557 sales, supported by buoyant UK sales due
Read moreHousebuilding and plant hire boost Abbey H1 pre-tax profit
5th Dec 2014 10:30
Holding group Abbey said strong sales in the housebuilding division and good trading in its UK plant hire arm boosted pre-tax profit in the first half. Pre-tax profit in the six months to the end of October rose from €7.7m to €16.7m. Revenue in the firm's housebuilding division rose from €39.3m to
Read moreOligarch launches Abbey takeover bid
1st Aug 2012 11:05
Gallagher Holdings, a metals firm owned by Russian oligarch Alisher Usmanov, has launched a takeover bid for Irish property developer Abbey. Usmanov's firm upped its shareholding in Abbey from 47.2% to 51.6% on Wednesday, triggering a mandatory offer for the firm under Irish Takeover Rules. The ru
Read moreAbbey drops as Ireland and Prague drag on profits
10th Jul 2012 09:34
The property developer Abbey has reported profits up for the 12 months to the end of April but is warning margins will remain under pressure. Profits before tax for the full year were €12.1m against €11.5m in the previous year. After a tax charge of €3.2m the group made a profit of €8.9m reflecting
Read moreAbbey falls as profit falls and outlook remains 'difficult'
8th Dec 2011 13:36
Abbey's shares took a hit after the residential housing developer revealed that its pre-tax profit fell from €3.35m to €5.55m for the six months ended 31 October. Profits at the operating level were €2.27m as compared to €4.38m at the half way stage last year. The firm's housebuilding division c
Read moreAbbey plans buy back
22nd Oct 2010 12:43
Irish housebuilder Abbey plans to buy back up to 15% of its shares. Abbey had €51.8m in the bank and €52.1m in financial instruments at the end of April 2010. These cash assets are almost equal to Abbey's market value. At the current share price of €4.40, 15% of the company will cost around €17m.
Read moreSmall caps round-up: Lees, Pubs 'n' Bars, Parity...
4th Dec 2009 08:14
Scottish cake and sweet maker Lees Foods has reached an 'amicable settlement' with the former directors of Patisserie UK after a dispute over the disappointing performance of the pastry supplier following its acquisition by Lees. Under the terms of the settlement, Lees will receive about £225,000,
Read moreAbbey swings to loss, scraps divi
16th Jul 2009 11:05
Housebuilder Abbey scrapped its dividend as it swung to a full year pre-tax loss of €54.4m compared with a profit of €16.8m in the previous year. Group operating losses during the year were €55.6m in the year ended 30 April against a profit of €15.1m last time. The group said the result has been '
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