Bank 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
Read moreBank of Georgia takes €15m loan from Green for Growth Fund
30th Sep 2014 09:46
Bank of Georgia has received a €15m senior loan facility from Green for Growth Fund (GGF) that will be used to finance energy efficient construction projects in Tbilisi. The investment is expected to result in primary energy savings of more than 20% for energy compared to conventional buildings. "W
Read moreFTSE 250 movers: Miners regain recent losses
24th Sep 2014 15:22
Mining group Kazakhmys rose after announcing that it has been awarded a contract for the construction of a sulphide concentrator at Aktogay, its second major copper growth project, to Non Ferrous China (NFC). The sulphide concentrator contract is the largest item in the capital expenditure budget fo
Read moreBank of Georgia director reduces stake
11th Sep 2014 16:19
Sulkhan Gvalia, the deputy chief executive officer of corporate banking at Bank of Georgia Holdings, has reduced his holding in the company after trading in 7,654 shares. The shares were sold at 2,551p each for a total of £195,254. Last month, the FTSE 250 constituent hailed a record first half wit
Read moreFTSE 250 movers: Bank of Georgia rises on medium-term outlook
5th Sep 2014 13:59
Bank of Georgia Holdings rose after it updated investors on its medium-term strategic goals, saying it would continue to focus on the Georgian market. It said that it expects that its strategy will continue to target over the medium term to deliver a return on average equity of 20%, customer lending
Read moreFTSE 250 movers: Hellymanntyton rises on strong H1 revenue growth
22nd Aug 2014 15:03
Hellermanntyton, the cable ties specialist, rose after it said that revenues in the first half grew strongly at constant currency, helped by double-digit growth in each of its geographies. However, gains were limited after profits came in shy of analysts' expectations. Oil explorer Premier Oil rec
Read moreBank of Georgia reports record first half, as profits grow 10%
22nd Aug 2014 08:54
Bank of Georgia hailed a record first half with revenues and profits improving over the year. The bank, which has more than a third of the market share in Georgia based on total assets, said revenue rose 7.3% to 281.5m lari (GEL) in the six months to 30 June, equal to around £98m. Meanwhile pre-ta
Read moreFriday broker round-up UPDATE
22nd Aug 2014 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation. Bank of Georgia: Peel Hunt increases target price from 2416p to 2600p and reiterates a hold recommendation. Boot (Henry): Numis upgrades from add to buy with a target price of 254p. Howden Joinery
Read moreBank of Georgia agrees $20m trade loan deal
24th Jul 2014 13:39
Bank of Georgia has signed a $20m trade finance loan deal with Turk Eximbank, which is the only official export credit agency of Turkey to extend financing to Georgian companies that import Turkish consumer and capital goods to Georgia. Under the agreement, they will together be able to offer clie
Read moreBank of Georgia receives €18.5m senior note
26th Jun 2014 15:25
Bank of Georgia has received an €18.5m senior loan from the European Fund for Southeast Europe (EFSE), it announced on Thursday. It said it anticipated the loan would contribute to the expansion of its micro and small enterprise lending. "I am delighted to join forces with the EFSE to finance the
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreBank of Georgia completes project ahead of secheule, closes bond placement
12th Jun 2014 10:16
JSC m2 Real Estate, a subsidiary of Bank of Georgia, has completed its largest ever project four months ahead of schedule. The group said that 97% of the apartments on the project have been sold, with more than one third being financed through its mortgages, and as such has stimulated its mortgage
Read moreFTSE 250 movers: RPC Group as annual results impress
4th Jun 2014 13:58
Plastic packaging firm RPC Group was a strong riser after the company beat analysts' forecasts with its annual results as adjusted pre-tax profits rose 12% to £89.5m. Panmure Gordon upped its target price from 728p to 787p and retained a 'buy' recommendation. Office space provider Workspace was als
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
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