21st Jun 2011 16:39
Poland-focused property fund management group First Property is looking to kick on this year as the effects of recent purchases start feeding through to the bottom line. Profit before tax in the year to 31 March rose 13.0% to £2.95m from £2.61m the year before, despite much of the company's rents
Read more30th Nov 2010 16:05
Commercial property fund management group First Property saw the strength of the euro put a dampener on interim profits. Revenue in the six months to 30 September rose to £5.03m from £4.80m the year before but profit before tax dipped to £1.32m from £1.56m a year earlier, partly as a result of a sh
Read more5th Oct 2010 13:04
Charles Stanley Securities expects sales growth at JD Wetherspoon (JDW) as the group confidently moves from cash conservation into estate development. Analyst James Dawson antipates this increase through new site add-ons rather than like-for-like sales growth, although higher repairs are now deeme
Read more5th Oct 2010 09:38
Fund manager First Property has launched a new fund, Fprop Opportunity (FOP) to invest in commercial property in Europe, concentrating on Poland, in a move which house broker Arden sees as a step towards a simpler business model for the company. The fund will have a 10 year life and will focus on p
Read more9th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps F&C ASSET MANAGEMENT PLC (FCAM.LN) said Wednesday it is seeking to stop a commercial property trust it manages from merging with another, in a deal that
Read more9th Jun 2010 13:04
Cable and Wireless Comunications (CWC) went ex-div on Wednesday morning, resulting in a big fall, with the share price of the recently demerged telecoms firm not helped by Evolution Securities recommending its clients get shot of the shares. Though the broker acknowledges that the company's first s
Read more9th Jun 2010 12:46
Full year results from UK and Central and Eastern Europe focused property fund manager First Property were slightly ahead of house broker Arden's expectations. The broker had pencilled in £2.7m for pre-tax profit, slightly below the £2.8m First Property delivered. "Overall, the trading outlook for
Read more9th Jun 2010 12:37
(Adds executive comment) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. property fund manager First Property Group PLC (FPO.LN) said Wednesday its earnings are set to grow again in its fiscal 2011 as it invests its new U.K. commercial property fund in retail propertie
Read more9th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FIRST PROPERTY GROUP PLC (FPO.LN), a U.K. property fund manager, Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set t
Read more9th Jun 2010 11:24
By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. property fund manager First Property Group PLC (FPO.LN) will most likely raise funds for Polish property buys on a deal-by-deal basis, Chief Executive Ben Habib said Wednesday, after the firm found it difficult to raise a poo
Read more9th Jun 2010 09:15
LONDON (Dow Jones)--U.K. property fund manager First Property Group PLC (FPO.LN) Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set to grow again as it invests in its new U.K. commercial property fund. The company, which also invests in Poland, said it expects
Read more9th Jun 2010 08:08
Earnings are set to grow again at Central Europe focused property fund manager First Property after a couple of years of being buffeted by economic headwinds. "The core business has continued to develop throughout the period and our earnings are now set to grow again as we invest our new UK commerc
Read more7th Apr 2010 16:16
TV programme producer Shed Media reported flat underlying profits of £12m in 2009. This does not include £409,000 of restructuring costs related to board changes and a failed management buyout. This cost figure also includes launch costs for Shed Media US. Selling formats and the back catalogue stil
Read more1st Dec 2009 06:44
Annual results from Thomas Cook beat consensus expectations and also included an upbeat outlook for the coming year. With a price to earnings ratio of just 10.7 times, a considerable discount to rival TUI Travel, Thomas Cook is still a buy says the Independent. Power station Drax supplies about 7%
Read more30th Nov 2009 07:37
SDI swung into the black at the half-way stage, although the automated warehousing systems firm said the outlook remains "tough". There was a profit of £305,000 in the six months to 30 September versus a loss of £2.6m in the half year to 31 May 2008 (the year end has now moved from November to Marc
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