MJ Gleeson to beat expecations with latest land sale
17th Jun 2015 09:38
MJ Gleeson expects its full-year results to top expectations, after completing the sale of 12.5 acres of land in Sussex. The urban housing regenrator's results for the 12 months to the end of June were previously set to be in line with expectations, on assumptions the sale would not be completed in
Read moreBAE boss exercises options and sells shares worth £0.79m
13th Aug 2014 15:28
Ian King, the boss of BAE Systems, lifted his stake in the defence outfit on Wednesday after exercising options as part of the group's executive share option plan. King, who was appointed chief executive in 2008, exercised an option over 221,903 shares at an option price of 264p each under the plan
Read moreBritish American Tobacco director sells off LTIP share awards
4th Aug 2014 15:51
John Benedict ('Ben') Stevens, the head of finance at British American Tobacco, has sold nearly £0.7m-worth of shares in the cigarette maker. After being awarded 39,142 shares under the company's long-term incentive plan from 2011, Stevens offloaded 18,802 of them at a price of 3,486p each. Steven
Read moreBroker tips: GlaxoSmithKline, AstraZeneca, Housebuilders
18th Jul 2014 12:23
Panmure Gordon said it is "not expecting fireworks" from GlaxoSmithKline's (GSK) second-quarter results due out next Wednesday. "In light of our recent downgrade to forecasts due to exchange rate headwinds, we are expecting another tough quarter. China has not washed through completely either and g
Read moreUK housebuilders have little to be afraid of, says Liberum
18th Jul 2014 10:53
Liberum has trimmed target prices across the UK housebulding sector but said it still sees upside for stocks despite concerns about a slowing down of the housing market. Taylor Wimpey and Bellway have been named as the top picks in the sector with 'buy' ratings. Bovis Homes, Gleeson and Redrow are
Read moreMJ Gleeson sees better-than-expected annual profits
3rd Jul 2014 09:26
House-builder and land specialist MJ Gleeson forecast better than expected annual profits after selling more homes in the past 12 months and cashing in on demand from big house-builders for green field sites in southern England. Gleeson said profits from its businesses in the year to June 30th woul
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreGleeson's first half dividend surges
17th Feb 2014 09:20
Gleeson, which specialises in urban regeneration and land development, raised its interim dividend by 120 per cent to 1.1p for the first half as revenue and profit surged. Revenue jumped 32% to £34.4m in the six months through December as sales of homes rose 56% to 258 units and the gross margin im
Read moreWednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreMJ Gleeson annual profit powers ahead
30th Sep 2013 07:44
Urban regeneration specialist MJ Gleeson reported a surge in full-year profit and revenue amid strong demand for its land in the south of England. The house builder and land investor said operating profit more than doubled to £6m for the year ended June 30th 2013 from £2.7m before. Revenues jumped
Read moreMJ Gleeson's homes sales soar
11th Jan 2013 08:56
MJ Gleeson Group on Friday reported a 65 per cent increase in sales of homes in the UK during the last half of 2012 despite a tough housing market. In a trading update ahead of its half year results ended December 31st, the company said its unit Gleeson Homes made £33.2m in the sales of reserved,
Read moreGleeson doubles profit, plans dividend payment
21st Sep 2012 07:05
Housebuilder and land dealer MJ Gleeson said annual pre-tax profit more than doubled as it underlined its confidence in future trading by saying it hopes to resume dividend payments in 2013. Pre-tax profit rose to £3.6m for the year to June 30th from £1.6m during the same period a year earlier. Ope
Read moreFocus on private homes paying off for Gleeson
4th Jul 2012 08:53
The house builder and land investor, MJ Gleeson, has seen a significant uptick in the number of homes being sold while demand for its land remains strong in the south of England. In a trading statement covering the 12 months to the end of June the company revealed its building division had sold 258
Read moreGleeson sees new home reservations up
11th May 2012 11:49
Gleeson the house builder and strategic land specialist, says it has opened seven new sales outlets since the end of last year and seen an increase in reservations. The volume of net private reservations in the period to the end of April increased by 49% compared to the same period of last year, an
Read moreMJ Gleeson to pay special divi
26th Sep 2011 07:56
Housebuilder and land dealer MJ Gleeson said the outlook remains difficult to predict as it tripled pre-tax profit while revenue declined. The urban regeneration and strategic land specialist said pre-tax profit rose to £1.5m in the year to 30 June 2011 from £0.4m the year before. Revenue fell to £
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