Bank of Georgia appoints new non exec
26th Jun 2015 07:57
Hanna Loikkanen has been named as non-executive director of Bank of Georgia Holdings, the FTSE 250 company said on Friday. Loikkanen, who previously served as a non-independent non-executive director of BGH and the Bank when East Capital held a significant shareholding of BGH and stepped down from t
Read moreFTSE 250 movers: Ladbrokes boosted by upgrade, property stocks lower
4th Jun 2015 13:19
Mid-caps were trading in the red on Thursday afternoon, as weakness in industrial metals, engineering and property stocks weighed on the market. As of 15:30 BST, the FTSE 250 was trading 0.66% lower at 18,142 points. Ladbrokes was making gains as broker Peel Hunt upgraded its rating on the stock to
Read moreBank of Georgia signs long-term $90m loan
3rd Jun 2015 10:20
Bank of Georgia has signed a long-term $90m loan with the International Finance Corporation (IFC), which will be used to help increase its role in diversifying Georgia's economy, expand access to finance and boost sustainable growth. The facility, which includes $20m from the European Fund for South
Read moreBank of Georgia acquires 50% stake in Georgia's largest hospital
1st Jun 2015 08:02
Bank of Georgia's healthcare subsidiary has agreed to acquire 50% of GNCo, which owns the largest hospital in Georgia. The move, which increases its number of beds in Georgia to 2,670, is part of the company's plan to expand its healthcare services business through such acquisitions, which are focus
Read moreFTSE 250 movers: Bank of Georgia higher on strong quarter
20th May 2015 12:58
London stocks were trading slightly lower on Wednesday as strong performances from mining and telecommunications stocks were outweighed by weakness in the utility and real estate sectors. As of 3:00, the FTSE 250 was trading 66 points lower at 16,121. Allied Minds topped the fallers on reports that
Read moreBank of Georgia first quarter profits jumps on lending increase
20th May 2015 08:07
Bank of Georgia reported a higher first quarter profit, driven by an increase in lending and by the acquisition of Privatbank. In the three months to the end of March, the FTSE 250 group reported profit of 62.3m Georgian Lari (GEL) (£17.4m), a 16% increase year-on-year, while net interest margin ros
Read moreFTSE 250 movers: Al Noor Hospitals hit by downgrade, energy stocks lower
30th Mar 2015 13:33
Al Noor Hospitals Group led the fallers as Numis Securities cut its rating from 'add' to 'hold', arguing that the consensus for the company's margins is too high. Energy stocks Hunting, Lonmin, Nostrum Oil & Gas and Infinis Energy were in the red as oil prices lost gains made in the wake of politica
Read moreWednesday broker round-up
18th Mar 2015 12:41
Johnson Matthey: Deutsche Bank reiterates buy and 3,850p target. BAE Systems: Morgan Stanley lifts target to 570p from 515p and reiterates equalweight. BT Group: Nomura and UBS reiterate buy. Ashtead Group: UBS raises target to 1,130p from 1,070p and reiterates neutral. Rotork: Morgan Stanley imp
Read moreTuesday broker round-up
3rd Mar 2015 16:59
St. James's Place: Morgan Stanley ups target to 1,097p from 963p while reiterating overweight stance. AO World: Cannacord Genuity lowers target to 170p from 220p and reiterates hold. British American Tobacco: Jefferies raises target to 4,440p from 4,140p and reiterates buy. Kaz Minerals: Exane BNP
Read moreBank of Georgia grows profits 15% but forecasts GDP to falter in 2015
20th Feb 2015 08:56
Thanks to a strong fourth-quarter for customer lending and its expansion into healthcare over the year, Bank of Georgia produced record annual revenues, profits and earnings in 2014. But the FTSE 250 banking group revised down its expectations for the Georgian national growth in 2015 as growth will
Read moreFTSE 250 movers: Supergroup rises as Numis reaffirms rating
6th Nov 2014 15:45
Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreBank of Georgia signs $35m senior loan deal with German bank
24th Oct 2014 10:18
Bank of Georgia announced it has signed a $35m senior loan agreement with Deutsche Investitions und Entwicklungsgesellschaft (DEG). The five-year loan will be used to extend financing to the growing small to medium enterprise (SME) sector in the country. "I'm very pleased to once again join forces
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreBank of Georgia subsidiary acquires 60-bed hospital
6th Oct 2014 07:05
JSC Evex Medical, the healthcare subsidiary of FTSE 250-listed Bank of Georgia, has acquired a 60-bed hospital in Tbilisi. The move is part of its strategy to scale up its healthcare business through targeted hospital acquisitions focusing on the Tbilisi region. JSC Evex now has 38 healthcare facil
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