Friday 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
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreBank of Georgia signs financing package with EBRD
5th Jun 2013 10:59
FTSE 250-listed Bank of Georgia has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for 10.0m dollars under the EBRD's Caucasus Energy Efficiency Programme (CEEP). The loan has a maturity of five years and Bank of Georgia, the holding company of JSC Bank of
Read moreLondon open: Stocks hit one-month low ahead of data, Tesco falls
5th Jun 2013 08:30
A flurry of economic data and renewed concerns about the Federal Reserve's 'exit strategy' from stimulus ensured that markets opened firmly in the red on Wednesday morning. The FTSE 100 hit intraday low of 6,507 early on before rebounding slightly within the opening hour - this was the index's lowe
Read moreBank of Georgia further cuts deposit rate
4th Jun 2013 07:45
Bank of Georgia(BGH), the holding company of JSC Bank of Georgia, has announced that the bank has decreased interest rates on its foreign currency, which is predominantly US dollar denominated, and Georgian Lari retail, corporate and wealth management term deposits, in line with the bank's strategy
Read moreBank of Georgia receives financing for housing project
31st May 2013 09:34
FTSE 250-listed Bank of Georgia has received a 14m dollar loan for its subsidiary m2Real Estate to develop green housing projects in Georgia. IFC, a member of the World Bank Group, will provide the funds, including $4m from the IFC-Canada Climate Change Program. The bank said financing is expecte
Read moreBank of Georgia posts increase in first-quarter revenue and profit
13th May 2013 10:16
Bank of Georgia saw revenue and pre-tax profits rise in the first quarter driven by growth in retail banking and wealth management. Profit before tax climbed by 5.7% year-on-year to 50.5m Georgian Lari (GEL) while revenue increased 12% to 13.1 GEL. The group's net interest margin came to 7.6%, up
Read more