Raven Russia reports strong balance sheet as market stabilises
30th Aug 2016 12:14
(ShareCast News) - Guernsey registered investment company Raven Russia said the market was adapting and stabilising as it reported a strong balance sheet. For six months ended 30 June, the company said the financial results had met its expectations as net operating and related income reduced to a le
Read moreWednesday broker round-up UPDATE
27th Aug 2014 09:57
Antofagasta: Westhouse Securities reduces target price from 885p to 805p and stays with its neutral rating. Bunzl: Deutsche Bank ups target price from 1508p to 1565p leaving its hold recommendation unchanged. Chime Communications: Canaccord Genuity lowers target price from 390p to 385p and maintai
Read moreLondon midday: Stocks hit two-week low on Ukraine concerns
3rd Mar 2014 11:25
- FTSE 100 at lowest intraday level since February 17th - Ukraine conflict escalates - Stocks with exposure to Ukraine, Russia hit - China manufacturing weakens techMARK 2,842.73 -2.13% FTSE 100 6,683.18 -1.86% FTSE 250 16,345.25 -2.28% UK stocks sank to their lowest levels in two weeks on Monday
Read moreLondon close: FTSE 100 breaches 6,500 despite mixed data
11th Mar 2013 16:30
The FTSE 100 breached the psychological barrier of 6,500 on Monday afternoon, hitting fresh five-year highs, though gains were only slight given a barrage of mixed economic data released earlier in the session. The fact that a number of benchmark indices around the globe are trading at (or close to
Read moreFTSE 250 movers: Anite shares dives on Investec concerns
11th Mar 2013 16:02
Anite shares plunged after the Investec said the company would need a strong fourth quarter to meet its full year forecasts, and downgraded its rating on the stock from 'buy' to 'hold. Ophir shares tanked after hitting technical resistance in the form of their primary downtrend line. Meanwhile, R
Read moreLondon midday: Markets cautious after mixed economic data
11th Mar 2013 11:46
The FTSE 100 was trading within a narrow range on Monday morning as traders remained cautious following a barrage of mixed economic data over the past few days. With indices across the globe trading at (or close to) record highs, markets are appearing to pause for breath after a strong run so far t
Read moreLondon open: Italian downgrade weighs on markets early on
11th Mar 2013 08:37
UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an inconclusive election. Fitch downgraded Italy to 'BBB+' from 'A-' and kept the outlook at 'negative', saying that last month's elections make it unl
Read moreAcquisitions strategy underpins rising profit at Raven Russia
11th Mar 2013 07:33
FTSE 250-listed Raven Russia has unveiled its financial results for the year ended December 31st, showing that underlying operating profit rose 63 per cent to 112.1m dollars, underpinned by profitable acquisitions. The Russia-focused property investment company reported that net rental and related
Read moreLetting market remains strong, says Raven Russian
12th Nov 2012 07:55
Raven Russia, the Russia focused property investment company, said the letting market in its sector remains strong as it heads towards the year end with its assets in Moscow, St Petersburg and Rostov expected to be virtually fully let by December 31st. The group said annualised net operating incom
Read moreRaven Russia to buy surplus tendered shares
18th Oct 2012 14:38
Raven Russian, the Russia-focused property company, said all shareholders who took advantage of the company's offer to buy back shares at 75p a throw will be able to sell their full entitlement. The company said 247.9m shares were tendered under its share buy-back scheme announced in September. Sh
Read moreRaven Russian offers to buy back shares
11th Sep 2012 07:49
Raven Russian, the Russia-focused property company, has invited shareholders to sell a small proportion of their shares to the company. The group has proposed a tender offer under which shareholders can sell one in every 46 of their ordinary shares in the company at 70p each, which will then be can
Read moreSunday share tips: Melrose, Raven Russia, Consort Medical
2nd Sep 2012 19:02
Melrose, the industrial turnaround group, saw profits fall in the first half, but this was down to costs involved in a big acquisition. The company has a model similar to private equity - it buys struggling businesses and improves them, before selling them on at a profit. The current order book stan
Read moreRaven Russia cashing in on lack of warehousing
28th Aug 2012 07:12
Raven Russia, the Russia-focused property company, is benefiting from an improving economy, particularly around Moscow and Rostov, and an under-supply of the kind of warehousing facilities which are its speciality. In the six months to June 30th pre-tax profits came in at $29.6m, down on the prior
Read moreRaven Russia makes double acquisition
18th Jul 2012 07:46
Property investment firm Raven Russia announced two acquistions on Tuesday, both of which are close to Moscow. The first purchase is for a 45,237 square metre completed grade-A warehouse at Sholokhovo, located to the North of Moscow, for a consideration of $49.75m. The property is let to two tenan
Read moreG4S executive cuts his stake
20th Jun 2012 15:29
Grahame Gibson, the Chief Operating Officer and Regional head of G4S's Americas division, has sold 100,000 shares in the international security solutions supplier. Gibson sold the shares for 280p per share on June 19th, making a total of £280,000 on the sale. The company was unavailable to comment
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