TVC Chairman increases already sizable stake
3rd Dec 2012 15:55
Shane Rehill, the Executive Chairman of TVC Holdings invested 300k in the AIM-listed investment company, the company announced on Monday. Rehill purchased 450,000 shares at a price of €0.83 each (around 67.16p) on Friday of last week, spending a total of £302,220. The transaction took his total st
Read moreCity of London Investment Group predicts falling funds
1st Oct 2012 11:32
Emerging markets asset manager City of London Investment Group said it expected a net withdrawal of funds in the last three months of 2012. Approximately $120m of net withdrawals is anticipated for the final quarter of the calendar year, based upon client instructions received. Net client withdraw
Read moreTwo City of London directors dispose of beneficial interests
6th Sep 2012 17:10
Two directors of emerging markets-focused investment group City of London disposed of beneficial interests they have in the company on Wednesday, just two days after the firm's full-year results revealed a large decline in funds under management (FuM). Non-executive director David Cardale and Finan
Read moreCity of London Investment Group sees diminished FuM
3rd Sep 2012 08:11
Emerging markets player City of London Investment Group has reported a sharp drop in funds under management (FuM) in its full-year results as it battled Eurozone headwinds and market volatility. FuM on May 31st were $4.5bn compared to $5.8bn last year, a decline of 23%. In sterling terms, FuM fe
Read moreSharp fall in funds under management at City of London
18th Jun 2012 09:19
The emerging markets specialist, City of London Investment Group, has reported a big decrease in funds under management (FUM) for the the 12 months to the end of May. The FUM figure was $4.48 billion (£2.91 billion) on May 31st, representing a 23% decrease in US dollar terms and an 18% decrease in
Read moreDunelm director shows commitment to firm with share purchase
6th Mar 2012 15:48
Newly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of
Read moreBrammer bosses buy into placing
8th Sep 2011 15:00
Brammer's chief executive Ian Fraser and finance boss Paul Thwaite have together spent nearly £100,000 on shares in the distributor of motors, gearboxes, sprockets and other industrial products. They both took 20,833 shares at 240p a time. Fraser now has 1,365,876 shares, or about 1.2% of the compa
Read moreVolatility unsettles City of London Investment
6th Sep 2011 15:04
The City of London Investment group has warned that it has already felt the effects of the recent widespread market concerns. The group said that, despite this, it remains confident that its investments will continue to pay off. In a statement, the company said: "This year has already felt the e
Read moreTuesday tips round-up: Kingfisher, William Hill, Homeserve
14th Jun 2011 06:37
It is not always appreciated that B&Q owner Kingfisher, which also has operations in Turkey, Russia, Spain and China, achieves 60% of its sales and profits outside the UK. This gives it a significant counterpoint to the woes of the high street here. The shares sell on less than 12 times this year's
Read moreCity of London run rate slows
7th Mar 2011 15:31
Emerging market asset management firm City of London Investment Group saw its monthly run rates decline in the first two months of 2011 and said markets have been a bit twitchy as a result of the situation in the Middle East. Funds under management (FuM) as at the end of February stood at $5.7bn, u
Read moreSABMiller non-exec invests £104,000
3rd Feb 2011 16:36
John Manser, who has been a non-executive director of SABMiller for a decade has bought 5,000 shares in the brewer. Manser paid 2083.82p a share for the 5,000 shares, which cost a total of £104,000. He has taken advantage of the weakness in the share price since the beginning of 2011. Organic vo
Read moreSmall caps round-up: All Leisure, Wasabi Energy, Nexus...
24th Jan 2011 11:27
Cruise operator All Leisure lost £2.1m in the year ended 31 October compared with a profit of £2.7m in 2009 because of one-off charges linked to the valuation of derivative used for hedging purposes. Turnover rose 12% to £82.6m thanks to a full-year contribution from Hebridean Princess and a first
Read moreCity of London Investment opposes Edinburgh Dragon plan
10th Dec 2010 12:58
City of London Investment Group (CLIG) says that it intends to vote against Edinburgh Dragon Trust's plan to raise cash. Edinburgh Dragon plans a placing and open offer of up to £50m of 3.5% convertible unsecured loan stock 2018. Shareholders can apply for 0.2547 nominal units of loan stock at 100
Read moreCity of London Inv. Group's profits rise
6th Dec 2010 16:32
Asset manager City of London Investment Group saw funds under management (FuM) rise in the year to 30 November. FuM at the end of the reporting period totalled $5.5bn (£3.5bn), up from $4.7bn (£2.9bn) a year earlier and an improvement on the the end-May figure of $4.4bn (£3.0bn). On a quarterly co
Read moreSmall caps round-up: Abbeycrest, City of London Investment, Impax...
25th Oct 2010 17:26
Jewellery maker Abbeycrest has swung to a pre-tax loss of £0.46m for the half year from a pre-tax profit of £1.26m last year. For the six months ended 31 August 2010, group revenue increased by 5% to £18.8m from £17.9m previously. However, this was largely due to the effect of the rising gold price
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