Alliance Trust unveils best first quarter results in 15 years
3rd May 2013 10:18
Investment company Alliance Trust reported its 'best first quarter performance in 15 years' following a strong performance in global equities. The group posted a 12.6% rise in net asset value per share to 502.2p as the share price rose 14.6% to 430.1p. During the quarter, the biggest contributors
Read moreSoon-to-retire G4S CFO sells up
17th Apr 2013 16:31
Trevor Dighton, the outgoing Chief Financial Officer (CFO) of security group G4S, on Wednesday reduced his stake by 400,000 shares ahead of his departure at the end of April. Dighton, who announced his plans to retire from the company last month, traded in the shares at 295.80p each, resulting in
Read moreBwin.party non-exec makes double purchase
19th Mar 2013 15:59
bwin.party digital entertainment announced Tuesday that one of its Non-Executive Directors has made two purchases following a report by the company admitting profits had suffered a sharp decline. Geoff Baldwin on Friday purchased 226,000 shares at 147.83p, followed by a further 74,000 on Monday at
Read moreStrong investment performance underpins NAV return at Alliance Trust
12th Mar 2013 08:14
FTSE 250-listed investment company Alliance Trust delivered a Net Asset Value Total Return of 12.1% in the year ended December 31st, its latest financial results show. The company gained momentum with its investment and savings businesses benefiting from "significant transformation", it said. A s
Read moreBP director tops up stake as group settles fine
19th Nov 2012 16:29
Frank Bowman, a Non-Executive Director of oil giant BP, purchased 3,600 shares in the company at 420.73p each last week. The £15,146 transaction came just one day after BP announced that it had resolved all criminal claims with the US Department of Justice in relation to the Gulf of Mexico oil spi
Read moreDiageo COO and CFO trade in shares post-exercise
16th Nov 2012 16:18
The Chief Operating Officer and Chief Financial Officer of Diageo have both sold sizeable stakes in the drinks behemoth after exercising options under its Senior Executive Share Option Plan. COO Ivan Menezes exercised options over 40,813 American Depository shares and subseqently sold 39,813 (equa
Read moreAlliance Trust sees NAV rise in Q3
2nd Nov 2012 07:28
Investment company Alliance Trust grew its net asset value (NAV) in the third quarter by three per cent, delivering a total return of 5.7 per cent, despite fragile global economic conditions. The funds focus is to generate a real return for shareholders over the medium to long term by a combination
Read moreTravis Perkins Finance Director makes sale
8th Aug 2012 16:33
Paul Hampden Smith, the Finance Director at building merchant Travis Perkins, has sold 51,994 shares at 1,061.00p in the name of his wife, Sarah. The sale, which earned the director a tidy £551,656 and leaves him with a beneficial interest of 264,698 shares, came less than a fortnight after the fi
Read moreAlliance Trust reports modest NAV growth
2nd Aug 2012 07:58
The investment firm Alliance Trust has grown its net asset value (NAV) in the first six months of the year despite headwinds from a UK recession and the Eurozone debt crisis. NAV per share in the six months to the end of June rose 5.5% to 432.2p, beating the group's benchmark global growth sector i
Read moreAlliance Trust CEO says RDR unlikely to boost investment trusts
28th Jun 2012 13:15
The Chief Executive of Alliance Trust has warned that the retail distribution review (RDR) is likely to do little to boost demand for investment trusts. The RDR, a product of the Financial Services Authority (FSA), the UK's financial services industry regulator, is changing the way in which UK fina
Read moreLondon close: Lacklustre day for Footsie
3rd Apr 2012 16:52
London's leading shares drifted lower, with little to encourage buyers into the market ahead of the release this evening of the minutes from the March 13th meeting of the Federal Open Market Committee, the US Federal Reserve's policy-making committee. Sky grounded after Murdoch resignation Britis
Read moreFTSE 250 movers: Heritage Oil in top spot on drilling resutls
3rd Apr 2012 15:46
Oil and gas group Heritage Oil was in the top spot among FTSE 250 stocks on the back of a successful drilling result at its Miran West-3 well in the Kurdistan Region of Iraq. Cairn Energy was also wanted after revealing it is splashing out $450m dollars on Agora Oil & Gas, a firm with North Sea in
Read moreLondon midday: Whitbread blows froth off Costa speculation
3rd Apr 2012 11:47
The Footsie moved sideways in the morning session, prompting the suspicion that many traders have made an early start to the Easter break. Food - and drink - for thought Whitbread's Chief Executive Officer, Andy Harrison, moved to damp down speculation about the possibility of the Premier Inn and
Read moreLondon open: Heritage bubbles higher on Iraqi success
3rd Apr 2012 08:51
London has started on the front foot, taking heart from the late surge on Wall Street yesterday, which was sparked by a better-than-expected performance by the Institute of Supply Management's manufacturing index. Drugs firms in focus Drugs giant GlaxoSmithKline has received top-line results fro
Read moreAlliance accuses Laxey of short-term self-interest
3rd Apr 2012 07:54
The embattled board of investment trust Alliance Trust has accused activist investor and minor stakeholder Laxey Partners of being motivated by its own short-term interests rather than the medium and long-term prospects of all Alliance Trust shareholders. The accusation was made in response to a ca
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