Arbuthnot claims solid quarter as it takes on more bankers
13th Oct 2016 10:54
(ShareCast News) - Arbuthnot Banking Group issued an update of trading for the three months to 30 September on Thursday, claiming it continued to trade well during the quarter. The AIM-traded firm said its overall lending pipeline showed good growth, although the period of time between approval and
Read moreArbuthnot Banking looks to reduce stake in Secure Trust Bank
27th May 2016 13:47
(ShareCast News) - Arbuthnot Banking Group intends to cut its stake in Secure Trust Bank to 20%, from 51.9%, by selling about 5.8m shares in the company at a discounted £25 each. The share sale, via a secondary placing to institutional investors, would generate gross proceeds of about £145m for Arbu
Read moreArbuthnot annual pre-tax profit jumps as lending reaches record high
19th Mar 2015 14:42
A sharp increase in lending to customers saw Arbuthnot Banking Group's annual pre-tax profit jump 43% to £22.5m. The group, which includes private banking business Arbuthnot Latham & Co Limited and retail banking arm Secure Trust Bank, said its lending to customers rose to a record high of £1.1bn, w
Read moreThursday broker round-up UPDATE
23rd Oct 2014 08:33
Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthnot: Numis raises target price from 1150p to 1300p upgrading from hold to add. British American Taba
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read morePartnership Assurance CEO ups stake after recent share-price fall
20th Dec 2013 15:51
UK insurer Partnership Assurance revealed on Friday that its Chief Executive Officer (CEO) topped up his stake in the company, taking advantage of the stock's recent slump since it floated in London this summer. Steve Groves, who joined the company in 2005 and was appointed CEO in 2008, purchased 8
Read moreTravis Perkins CEO sells 50,000 shares ahead of next year's departure
18th Oct 2013 16:32
The wife of the out-going Chief Executive of Travis Perkins on Thursday sold 50,000 shares on the same day the FTSE 100 builders merchant reported 'encouraging' sales momentum in the third quarter despite challenging conditions in retail markets. The transaction reduced Geoff Cooper's stake in the
Read moreArbuthnot reports good progress in third quarter
11th Oct 2013 08:58
Arbuthnot Banking Group said it had traded well in the third quarter with both its banks making good progress. The AIM-listed financial services group said its retail banking subsidiary Secure Trust Bank had seen strong demand for its lending and deposit products and had started to develop its plan
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreCLS Executive Chairman sells by tender 368,000 shares
2nd Oct 2012 16:19
Sten Mortstedt, the Executive Chairman of CLS Holdings, a property investment company, has sold by tender 368,371 shares in the company on behalf of himself and his family. The shares were tendered for up to and including the pro rata entitlement of one ordinary share for every 76 ordinary shares
Read moreArbuthnot Securities sale goes through
20th Jan 2012 07:46
Arbuthnot Banking Group (ABG) said the sale of Arbuthnot Securities investment bank to Westhouse Securities has now completed, after the Financial Services Authority gave its approval to the sale on Wednesday. ABG will be glad to get shot of the business at last; delays to regulatory approval meant
Read moreRegulator approves Arbuthnot sale
18th Jan 2012 08:04
The Arbuthnot Banking Group (ABG) said City watchdog, the FSA, had given regulatory approval for sale of its Arbuthnot Securities investment bank to Westhouse Holdings. It now expects the £1.9m deal, which it agreed in November, to go through on 20 January. The completion of the sale will be some
Read moreArbuthnot jettisons JV plans with former subsidiary
10th Jan 2012 13:58
The failure of Arbuthnot Banking Group (ABG) to secure regulatory approval by the end of the year for its sale of Arbuthnot Securities Limited (ASL) mean it will have to swallow ASL's trading losses. The banking and financial services group, which agreed to sell ASL to Westhouse Holdings back in No
Read moreLondon close: Strong end to a strong day
17th Mar 2011 16:49
London's blue chips were strong all day and boosted late on by a strong start in the US where the Dow notched up a triple-digit gain in quick time. For once, investors overlooked the ongoing bad news on the Japanese earthquake and turmoil in the Arab world to hunt out a few bargains. Heritage Oi
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