Georgia Healthcare Group announces indicative price range for its IPO
26th Oct 2015 08:06
(ShareCast News) - Bank of Georgia's healthcare subsidiary announced the indicative price range for its upcoming flotation on the LSE. Bank of Georgia Healthcare Group set a price range for its stockmarket debut of between 215p and 315p for an offering size of between $100m and $150m, resulting in a
Read moreBank of Georgia strikes deal with Saxo Bank
15th Oct 2015 09:30
(ShareCast News) - Bank of Georgia Holdings has signed an agreement with Saxo Bank to enable clients to access global capital markets and invest on a multi asset basis. The agreement, announced on Thursday by the FTSE 250 company, is through its wholly owned investment management subsidiary JSC Galt
Read moreFTSE 250 movers: Carillion surges as investors cheer contract wins
12th Oct 2015 15:11
(ShareCast News) - London's mid-cap index was down 0.6% to 16,990.42 at 1545 BST, in line with the broader market as investors struggled for direction amid an absence of market-moving news. Shares in Carillion surged after the construction and support services group expressed confidence over its ful
Read moreBank of Georgia's healthcare subsidiary plans to float on LSE
12th Oct 2015 07:28
(ShareCast News) - Bank of Georgia's healthcare subsidiary Georgia Healthcare Group intends to list on the London Stock Exchange. Bank of Georgia said the planned initial public offering is an important transaction, as it represents the first realisation of its investment in non-banking businesses,
Read moreBank of Georgia reshuffles executive board at JSC
25th Sep 2015 08:04
(ShareCast News) - Bank of Georgia Holdings (BGH) has appointed Irakli Gilauri as the chief executive and chairman of JSC BGEO Group Gilauri will join the business, which was established as a result of the restructuring to act as the Georgian holding company for the FTSE 250 group, from JSC Bank of
Read moreBank of Georgia profits up after acquisition
20th Aug 2015 08:26
(ShareCast News) - Bank of Georgia posted a lift in second quarter profits to GEL72mn (£19.81m), 15.5% higher than the same quarter last year and up 23.5% year on year. The UK subsidiary of JSC Bank of Georgia posted revenue of GEL202.7m for the second quarter, from GEL195.7m in the first quarter. T
Read moreBank 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
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