Minoan appoints chairman to subsidiary Crete resort developer
25th Mar 2022 13:24
(Sharecast News) - Minoan announced the appointment of George Mergos as chairman of its wholly-owned subsidiary Loyalward on Friday, which owns the Itanos Gaia project in Crete.
Read moreMinoan Group upbeat on passing of new Greece investor law
9th Dec 2021 15:31
(Sharecast News) - Minoan Group updated the market on the passing of "long-awaited" legislation in Greece on Thursday, relating to inward investment into the country.
Read moreMinoan raises £0.19m as Greek tourism sentiment warms
22nd Mar 2021 12:44
(Sharecast News) - Greece tourism asset developer Minoan has raised £0.19m through a placing, it announced on Monday, amid an upturn in investor sentiment towards the Greek real estate and tourism sectors.
Read moreMinoan continues to search for potential partners
3rd Apr 2020 11:31
(Sharecast News) - Hotel owner Minoan Group said on Friday that its efforts to secure potential partners for a project in Crete had not been "unduly affected" by the effects of the Covid-19 pandemic.
Read moreMinoan lops off Stewart Travel arm
20th Sep 2018 09:04
(Sharecast News) - Glasgow-based travel and leisure company Minoan has agreed to sell its subsidiary Stewart Travel for a total of £6.56m.
Read moreMinoan approaches 'imminent' sale of travel business
31st Aug 2018 09:20
(Sharecast News) - Travel and leisure firm Minoan Group on Friday confirmed that it is close to reaching an agreement for the sale of Stewart Travel to its main lender, Zachary Asset Holdings.
Read moreMinoan Group issues profit warning over Brexit
9th Sep 2016 13:20
(ShareCast News) - Minoan Group announced an update in its travel business and its Greek project on Friday, with the board saying the group's travel business has been negatively affected by the outcome of the Brexit vote, weakness in sterling and the decline of tourism in Turkey. The AIM-traded firm
Read moreMinoan reports wider H1 pre-tax loss, cautious about Brexit
14th Jul 2016 15:25
(ShareCast News) - Minoan, a resort developer and travel agency, reported a wider half year pre-tax loss as its revenue grew and said it was cautious about Brexit. For the six months ended 30 April, the company's pre-tax loss widened to £1.1m from £759,000 the same period last year due to operating
Read moreCourt date set for appeals against Minoan development
8th Jun 2016 11:42
(ShareCast News) - Travel and leisure company Minoan Group revealed some positive progress with its controversial large Crete development on Wednesday, with news that appeals to its planning consent will take place in July. The AIM-traded company said the Greek Council of State - its supreme adminis
Read moreMinoan Group shares skyrocket on Greek media rumours
24th Feb 2016 15:54
(ShareCast News) - Shares in Minoan Group were up by a large margin on Wednesday afternoon, after rumours circulated in Greek media that the requisite signatories required Presidential Decree for its Crete Project had been delivered. The AIM-traded company said that, while it had not received a form
Read moreMinoan Group eyes imminent Greek approval for Crete project
30th Dec 2015 08:07
(ShareCast News) - Shares in Minoan Group charged higher as the company's plans for a major holiday development on the Greek island of Crete neared final approval. The AIM-listed company said it has been advised that the Greek government's approval of the presidential decree was "now reaching its fi
Read moreMinoan warns on profits as Greek tension delays Crete resort
14th Jul 2015 14:54
(ShareCast News) - Shares in Minoan Group fell on Tuesday as the political tensions in Greece caused delays to its Crete project, meaning full-year results will be below expectations. The hotels and resorts developer said its project in Crete has been delayed as it needed the signature of the Presid
Read moreMinoan's share price soars following issue of £1.5m convertible loan notes
6th Nov 2014 15:00
Leisure resort developer, Minoan, has announced the issue of up to £1.5m of three year unsecured convertible loan notes. The loan notes will carry a 10% annual coupon and can be converted into equity at a price of 15.5p. According to Minoan chairman, Christopher Egleton: "The funds [raised] will be
Read moreMinoan narrows losses but warns of possible Greek project delays
31st Jul 2014 16:48
Travel agency firm Minoan reported narrower half-year losses but warned of potential delays in a Greek resort project. Minoan, which has a number of travel agencies and a resort development division progressing a five star-plus quality resort in Crete, said pre-tax losses were £694,000, 23% down fr
Read moreSunday share tips: Home Retail, Bellway, Minoan
8th Jun 2014 17:29
Be wary of Home Retail's revival, Danny Fortson advised in the Sunday Times. The owner of Argos and Homebase has surprised investors by turning itself into a click-and-collect powerhouse, combining online sales with Argos's branch network. First-quarter trading numbers should be strong on June 10th.
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