London midday: Stocks hit two-week low on Ukraine concerns
3rd Mar 2014 11:25
- FTSE 100 at lowest intraday level since February 17th - Ukraine conflict escalates - Stocks with exposure to Ukraine, Russia hit - China manufacturing weakens techMARK 2,842.73 -2.13% FTSE 100 6,683.18 -1.86% FTSE 250 16,345.25 -2.28% UK stocks sank to their lowest levels in two weeks on Monday
Read moreBank of Georgia buys 80 per cent majority of Georgian hospital group
20th Feb 2014 14:51
Bank of Georgia Holdings said its healthcare and insurance subsidiary Aldagi has bought an 80 per cent stake in Avante Hospital Management Group for an undisclosed sum, and is in talks to buy the remaining 20 per cent. Avante owns four hospitals with a total of 578 beds in the Georgian cities of Tb
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreBank of Georgia shares rise strongly on record profits
18th Feb 2014 08:24
Shares in Bank of Georgia Holdings rose strongly as the company reported a 16.6 per cent rise in profits to a record 209.3m Georgian lari (GEL) for 2013. The share price was up 81p, or 3.57%, to 2349p at 09:00, as the bank said profits had been supported by declining funding costs and positive ope
Read moreFTSE 250 movers: F&C Asset Management up on read-across
20th Jan 2014 13:45
F&C Asset Management was to be found in the upper rungs of the leader-board today after Credit Suisse upped the majority of its price targets for Europe's Diversified Financials. The sector has the highest 'gearing' to a rise in 10-year US Treasury yields, the Swiss broker's analysts explained.
Read moreFTSE 250 movers: Housebuilders extend Thursday's gains
22nd Nov 2013 15:51
Housebuilders continued to climb on the back of the latest UK tax figures which yesterday signalled a housing boom, with stamp duty revenues at the same level they were at just before the economic crisis in 2008. Essar Energy revealed it is one step closer to its FTSE inclusion after major shareho
Read moreFriday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreMonday broker round-up UPDATE
18th Nov 2013 08:10
AGA Rangemaster: N+1 Singer raises its target price from 150p to 175p and keeps a buy recommendation. APR Energy: Jefferies cuts target price from 1300p to 1260p retaining a buy recommendation. Atkins (WS): LIberum Capital increases target price from 1300p to 1400p maintaining a buy recommendation
Read moreBank of Georgia reports rise in third quarter profit, driven by retail
13th Nov 2013 10:43
- Third quarter profit and revenue rise - Return on average equity reaches target - Expansion of Express banking strategy Bank of Georgia Holdings reported a 15.8 per cent rise in third quarter profit to 21m Georgian Lari (GEL) on the back of revenue growth. Revenue was up 8.4% to GEL 31m, as a st
Read moreBank of Georgia appoints Chief Information Officer
19th Sep 2013 12:16
Bank of Georgia has appointed George Sharia as its Chief Information Officer, replacing George Keshelashvili immediately. Keshelashvili has taken on the role of Chief Executive Officer of Georgian Card Holding, the leading payment platforms provider in Georgia wholly owned by Bank of Georgia Shar
Read moreSepura director offloads a million shares for 1.5m pounds
29th Aug 2013 16:44
Sion Kearsey, a Non-Executive Director and one of the founding members of Sepura, has sold nearly one and a half million pounds-worth of shares in the digital radio maker, taking advantage of the stock's impressive surge so far this year. Kearsey, a former senior manager at Goldman Sachs' fixed inc
Read moreFTSE 250 movers: Rentokil, Bank of Georgia, Hochschild, Countrywide
14th Aug 2013 13:23
Pest control and hygiene giant Rentokil Initial gained after raising its interim dividend by 4.5 per cent on the back of strong progress in the second quarter. Bank of Georgia Holdings rallied after posting record first-half revenues driven by retail, corporate and investment banking. Hochschild M
Read moreBank of Georgia impresses with record H1 growth across the board
14th Aug 2013 09:03
FTSE 250-listed Bank of Georgia unveiled record first-half revenues thanks to strong retail, corporate and investment banking and improving efficiencies. Chief Executive Officer, Irakli Gilauri, said record second quarter revenue growth and the bank's "continuously decreasing cost of funds and mar
Read moreWednesday broker round-up UPDATE
14th Aug 2013 07:53
Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo
Read moreFTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
5th Jun 2013 14:56
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'. The broker said that Man remains highly dependent on its AHL fund, while raising concerns about Japanese
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