Travis 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
Read moreLondon afternoon: Shares kick on as US opens higher
17th Mar 2011 13:57
Share prices kicked on over the lunchtime session, boosted by a firm start on Wall Street, where the Dow has notched up a triple-digit gain in quick time. Though the focus remains on the aftermath of the Japanese earthquake and any response to the turbulence it has caused in the financial markets
Read moreArbuthnot Banking optimistic for 2011
17th Mar 2011 07:45
Banking and financial services group Arbuthnot Banking said it is optimistic about the outlook for 2011 as it reported flat annual pre-tax profit. The niche retail bank posted a pre-tax profit of £5.1m for the year to 31 December 2010 unchanged from the year before. Group earnings per share increas
Read moreSmall caps round-up: Galliford Try, Colliers, Orusur
13th Jan 2011 10:09
Galliford Try's housing completions rose by 28% to 851 units; 779 net of joint venture partners' share (2009: 663 and 638) in the half year to December. Housing reservations are up by 11% to £359m. Construction saw order books maintained at £1.75bn. "While remaining cautious in the short term, the
Read moreSmall caps round-up: Arbuthnot, Jelf, Strategic Natural Resources
21st Oct 2010 14:57
Investment banking deteriorated sharply in the third quarter and retail banking saw good progress in motor finance and prepaid current accounts, but results were impacted by the cost of carrying significant surplus deposits, niche bank Arbuthnot said in its third quarter trading update. Elsewhere i
Read moreLondon Stock Exchange boss makes initial investment
23rd Sep 2010 17:00
Xavier Rolet has invested £158,000 in London Stock Exchange shares. The London Stock Exchange's chief executive has bought the shares for his US pension fund. He acquired 23,000 shares at 689p a share. These are the first shares he has bought since becoming chief executive. Rolet is participatin
Read moreArbuthnot focused on niches
4th Aug 2010 13:50
Niche retail bank Arbuthnot posted sharply higher interim profits as its securities business swung £1.8m into the black. Overall, profits rose to £2.3m in the half year to June, from £0.7m last time. The firm's securities arm, which is the second largest nominated adviser on AIM, recovered from a l
Read moreArbuthnot moves into profit
11th Mar 2010 09:18
Banking and wealth management group Arbuthnot Banking reported a pre-tax profit compared to a loss the previous year Group pre-tax profit came in at £5.1m for the year to 31 December 2009 from a loss of £2.2m the previous year. Net interest income for the year increased to £17m from £11.4m. Capi
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