First Property Sees Asset Growth; FY10 Pretax Profit -28%
9th 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 moreFirst Property predicts return to growth
9th 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 moreSmall caps round-up: Shed Media, Sutton Harbour, Intelek........
7th 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 moreTuesday tips round-up: Thomas Cook, Drax, Creston
1st 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 moreSmall caps round-up: SDI Group, First Property, Beowulf...
30th 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
Read moreLondon close: Late rally not enough
2nd Jun 2009 16:46
A rally in the afternoon session was not enough to lift the Footsie out of negative territory, though second-liners were moderately firmer on balance. Bank Barclays was the day’s worst performing blue-chip after news of the sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC,
Read moreLondon afternoon: Shares stuck in the red
2nd Jun 2009 14:40
Shares remain in the red after failing to find inspiration on Wall Street, which opened sluggishly. Bank Barclays is nursing a double-digit percentage decline after news of the impending sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC, said that the sale did not represen
Read moreLondon midday: Profit takers move in
2nd Jun 2009 11:55
Profit taking was the theme of the morning as investors reduced equity exposure after yesterday's sharp rise while Barclays tumbled on the revelation that Abu Dhabi's International Petroleum Investment Company (IPIC) is to bank profits on its Barclays stake. Barclays is nursing a double-digit perce
Read moreFirst Property to re-enter UK market
2nd Jun 2009 08:56
Central and Eastern Europe-focused property fund First Property is sizing up a return to the UK market as confidence returns to the commercial property market. The group has just 5% of its funds invested in the UK but is looking to boost these, as activity and property valuations in its core region
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