Formation puts ?10m raised in May into Ireland development sites
6th Dec 2019 14:49
(Sharecast News) - Formation Group announced on Friday that it is investing the £10m it raised in May, through its subsidiary Market Equities, into a number of property development sites in Ireland.
Read moreProperty developer Formation Group reports 24pc rise in full year revenues
27th Jan 2017 15:32
(ShareCast News) - Property developer Formation Group on Friday reported a slight decline in full year pre-tax profit as administration expenses and cost of sales rose. The AIM-listed company posted pre-tax profit of £2.1m in the year ended 31 August, down a touch from £2.2m the previous year. Howev
Read moreFormation Group to list on rival ISDX
15th Dec 2016 09:09
(ShareCast News) - Shares in AIM-listed Formation Group plummeted while the property developer lists on rival borse, the ICAP Securities and Derivatives Exchange (ISDX), in order to minimise costs. The company's 220.5m shares of 1p were admitted to ISDX to trade on Thursday and it will seek sharehol
Read moreFormation Group rockets on hopes for new deal
7th Jul 2015 15:18
Formation Group's share price rocketed on Tuesday after the construction management services outfit confirmed speculation about a potential "commercial agreement on a development site". The group released a statement noting the near-50% surge in the stock, saying that it has been in discussions rega
Read moreFormation flies after receiving Aldgate East payment
11th Mar 2015 10:51
Shares in construction and property developer Formation Group jumped after the group said JV Finance Ventures has completed the payment of the final £2.8m it still owned in relation to the Aldgate East Property development. The AIM-listed company, which has a 36.88% interest in JV Finance Ventures,
Read moreFormation Group JV receives payment for Aldgate development
4th Jul 2014 14:22
AIM-listed Formation Group jumped on Friday after announcing the money owed to its joint venture (JV), Finance Ventures, by Redrow in relation to the Aldgate East Property Development has been received. Formation, which holds a 36.88m stake in the JV, said it expects to receive £6.8m for its share
Read moreFormation Group posts wider half-year losses
30th May 2014 15:16
Formation Group, a property development and project management company, posted a widening of first-half losses despite delivering a rise in revenue. The company, which has undergone a recent restructuring, posted half-year losses of £0.17m compared to £0.10m a year earlier, on revenue of £3.23m, w
Read moreFormation Group rises on acquisition of London development site
11th Apr 2014 12:15
A subsidiary of AIM-listed construction and property firm Formation Group has exchanged on the purchase of a development site in London for a consideration of 5.9m pounds. A 10% deposit has been paid on the exchange, with the balance payable on completion in October. The development consists of 1
Read moreFormation Group soars on resolution of Aldgate East issue
21st Mar 2014 11:25
Shares in AIM-listed Formation Group leapt on Friday after the company announced an agreement had been struck that will enable Julius Properties to repay a loan to JV Finance Ventures, in which Formation has a 36.9 per cent interest. The agreement was reached between Julius and Redrow, the housebu
Read moreFormation Group Unit Succeeds In One Claim Against Stoneygate
16th Jul 2010 16:58
LONDON (Dow Jones)--Formation Group Plc (FRM.LN), construction management services company, announced Friday in relation to the litigation being conducted through its wholly owned subsidiary, Proactive Sports Management Limited that it was successful in one of its claims against Stoneygate 48 Limite
Read moreFormation Group Buys Proactive Sports Management
15th Jul 2010 13:34
LONDON (Dow Jones)--Formation Group PLC (FRM.LN) said Thursday it purchased the entire issued share capital of Proactive Sports Management Limited for a nominal consideration. MAIN FACTS: -Proactive has one employee. -By way of background, on July 30, 2009, the Company announced that it
Read moreFormation Group John Lawrence Resigns As Non-Exec Chairman
2nd Jul 2010 07:36
LONDON (Dow Jones)--Formation Group PLC (FRM.LN), a construction management services company, announced Friday that John Lawrence following recent ill health has tendered his resignation as non executive chairman and a director of the company with immediate effect. MAIN FACTS: -The Group has
Read moreFormation progressing on East End project
1st Feb 2010 15:03
Construction and property development company Formation Group is a much changed business since it offloaded five of its nine subsidiaries by means of a management buy out, but it still faces challenging conditions, chairman John Lawrence said. The group reported revenue from continuing operations o
Read moreSmall caps round up: Capital & Regional, Formation, ILX...
14th Dec 2009 08:18
Property asset manager Capital & Regional announced that the Junction Fund has sold Kittybrewster Retail Park in Aberdeen and Slough Retail Park to Fund Managers Threadneedle Property Investments for a price of £81.74m. Capital & Regional has an interest of 13.4% in the Junction Fund. Shares in pro
Read moreLondon close: US sparks Footsie recovery
26th May 2009 16:29
Footsie finished higher Tuesday after a strong performance by US shares, lifted by consumer confidence figures, hauled London's leading share index out of the red. The mining sector summed up the volatility seen on the markets today. Rio Tinto climbed after it said it had agreed a 33% cut in contra
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