City of London Group CEO stands down
22nd Mar 2022 11:17
(Sharecast News) - Investment firm City of London Group revealed on Tuesday that chief executive Michael Goldstein had stepped down from the role, with immediate effect.
Read moreCity of London's full year losses widen
26th Sep 2016 11:32
(ShareCast News) - City of London Group (COLG), an AIM listed investment company that focuses on providing finance to the small and medium enterprises (SME) sector, reported on Monday a deeper annual loss. Following a significant deterioration in its financial position, its Trade Finance Partners Li
Read moreCity of London Investment Group expects drop in profits, dividend steady
18th Jul 2016 13:51
(ShareCast News) - City of London Investment Group anticipated a decline in profits as funds under management registered a moderate decline, the emerging markets asset manager said in a pre-close trading update for the financial year to 30 June. Funds under management fell by 5% from $4.2bn to $4.0b
Read moreHigh-level changes at City of London Group
18th Apr 2016 14:57
(ShareCast News) - City of London Group announced some high level changes on Monday, including the appointment of Jason Granite as an executive director with immediate effect. At the same time, the AIM-traded company said John Kent was standing down as chief executive with effect from 30 April. It
Read moreCity of London Group FD to step down
4th Mar 2016 16:42
(ShareCast News) - City of London Group finance director Howard Goodbourn has decided to step down, the AIM-listed company confirmed on Friday. In a statement, COLG said Goodbourn would be leaving on 18 March to pursue "full-time business interests." While he has been the FD for the past four years
Read moreCity of London Group admitted to AIM
19th Oct 2015 11:19
(ShareCast News) - City of London Group's shares have been admitted to trading on the AIM. The company confirmed the admission on Monday following a capital raise of £5m. Two million pounds of the net proceeds of the subscription will be used to acquire preference shares recently issued by subsidia
Read moreTuesday tips round-up: Glencore, Xstrata, Electrocomponents...
2nd Oct 2012 07:25
Lex in the Financial Times casts its eye over the long drawn-out Glencore/Xstrata saga and is not happy with Xstrata's behaviour. Xstrata's management looks to have held investors to ransom with its veiled threat to leave, yet it was technically the board that wanted a retention package. The £140m
Read moreCity of London Group places 1.84m shares
1st Oct 2012 13:11
Investment company City of London Group has placed just under 1.84m new ordinary shares at 70p each - a premium to the net asset value - representing 10 per cent of the current shares in issue. The placing raised just under £1.286m before costs, which will be used to develop the company's existing
Read moreCity of London sees strong demand for trade finance business
17th Aug 2012 08:50
Investment company City of London Group said its trade finance business continued to experience a strong demand for its services since the start of April, despite the disruption caused by the transition of its banking lines to Macquarie Bank. The new facility is now in place and is well-positioned
Read moreSunday share tips: Renew Holdings, City of London Group, Banks
17th Jun 2012 12:38
Maintenance work might not be glamorous, but in times of austerity a business whose work comes in regardless of economic conditions stands out from the crowd. Misunderstood Renew Holdings is widely associated with its 200-year history in construction, but this is misguided as the company is focused
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreCity Of London into the red, but NAV rises
27th Jun 2011 13:57
City of London Group, the financial services group centred on specialist financing and alternative fund management, saw its net asset value (NAV) per share jump by 13.4% last year. NAV per share at the end of March stood at 87.8p, up from 77.4p a year earlier. In the year to 31 March the company s
Read moreSmall caps round-up: Zoo Digital, City of London, Galleon...
24th Nov 2010 12:26
Film software firm Zoo Digital posted a maiden interim profit in the half year to September as its main clients kept spending. Revenue was flat at $8.1m, but operating profit rose 36% to $880,000 reflecting a switch to higher margin work. Interim profits came in at $388,000 compared with a loss of
Read moreDerwent Valley executives sell
18th Jun 2010 16:28
Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0
Read moreCity Of London Group FY Pretax Profit GBP0.2M Vs GBP0.1M
16th Jun 2010 15:15
LONDON (Dow Jones)--City Of London Group PLC (CIN.LN) said Wednesday that for the year ended March 31, it made a pretax profit of GBP0.2 million on revenue of GBP0.2 million MAIN FACTS: -Revenue GBP0.2 million (2009: GBP0.2 million) -Group operating profit of GBP248,422 (2009: GBP117,723
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