Sunday 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
Read moreBank of Georgia subsidiary acquires 300-bed hospital
23rd May 2014 07:56
Bank of Georgia Holdings on Friday said its wholly-owned healthcare subsidiary, Aldagi, has acquired Sunstone Medical, which owns a hospital in East Tbilisi with an estimated total development capacity of 300 beds. The property, which is a long-established and well-known hospital in Tbilisi that h
Read moreBank of Georgia delivers profit rise in first quarter
9th May 2014 13:45
Bank of Georgia reported a rise in both revenue and profit for the first quarter, although the net interest margin (NIM) dipped slightly from a year earlier. Turnover for the three month period climbed 11.8% year-on-year from 14.5m Georgian Lari (GEL) to 137.5m, driven by positive operating leverag
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
Read moreBank of Georgia subsidiary completes buy-out of healthcare business
25th Apr 2014 07:46
Bank of Georgia Holdings on Friday said its insurance and healthcare subsidiary, Aldagi, has completed the buy-out of a 49 per cent minority shareholder of its healthcare unit, My Family Clinic (MFC). Aldagi, which has held a 51% controlling interest in MFC since December 2011, now consists of MFC
Read moreBank of Georgia appoints Deputy Chief Officer
2nd Apr 2014 15:39
Bank of Georgia Holdings has appointed a Deputy Chief Officer who will be in charge of special projects. Sascha Ternes was formerly a member of the management board of ProCredit Bank Georgia from 2007, where he was both Chief Financial Officer and Chief Executive Officer. Before that he held exe
Read moreBroker tips: Vodafone, Shell, Reed Elsevier...
17th Mar 2014 13:00
Vodafone's 7.2bn-euro offer for Spanish telecoms group Ono is a "vital strategic move", according to Jefferies, which said that a stabilisation of the UK group's business in Spain is now possible. "The clear positive from this morning [...] is that VOD is addressing a key strategic weakness proact
Read morePanmure Gordon highlights buying opportunity at Bank of Georgia
17th Mar 2014 10:09
The recent sell-off in Bank of Georgia shares due to the Ukraine crisis is a good reason to buy the stock, according to Panmure Gordon. "The shares have fallen 12% from the high of 2,500p on concerns over the Ukraine situation, combined with an attempted placing last week which was pulled," said An
Read moreBank of Georgia steps up healthcare investment prior to spin off
6th Mar 2014 13:47
Bank of Georgia Holdings's healthcare and insurance subsidiary has increased its stake in Georgia's second largest hospital group. JSC Insurance Company Aldagi's healthcare arm upped its stake Avante Management, which owns four hospitals with a total of 578 beds located in Tbilisi and Batumi, from
Read moreFTSE 250 movers: Perform rises on turnaround hopes
4th Mar 2014 15:04
Sports media group Perform surged on turnaround hopes following a seven per cent fall in earnings per share in 2013. The company said the board was taking the opportunity to address the large cost base and had 'already put in place a series of plans and initiatives'. Pace, which develops technolog
Read moreFTSE 250 movers: ITE dives on double downgrade
3rd Mar 2014 15:11
ITE Group was the day's biggest faller on the FTSE 250 after both Canaccord Genuity and Westhouse Securities cut their ratings on the stock, to 'hold' from 'buy' and to 'neutral' from 'add', respectively. Engineering specialist Keller was also lower after cautioning that most of its European marke
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