FTSE 250 movers: Playtech surges on update; Millennium slumps as results disappoint
29th Oct 2015 14:03
(ShareCast News) - London's FTSE 250 index was down 0.3% to 17,098.97 at 1505 GMT as investors digested a hawkish policy statement from the Federal Reserve and mixed US data releases. Playtech was a high riser after the gambling and software services supplier reported strong trading in both of its d
Read moreSt Modwen appoints new group finance director
28th Sep 2015 09:08
(ShareCast News) - Real estate investment and services St. Modwen has appointed Robert Hudson as group finance director. Hudson, who left his role as British Land financial controller after four years, replaces Mike Dunn, who stepped down from his role on 31 May and was temporarily replaced by Andy
Read moreSt. Modwen interim profit surges
30th Jun 2015 09:00
Property group St. Modwen Properties reported a sharp increase in first half pre-tax profit and said it expects the momentum to continue in the second six months of the year. In the six months to 31 May the FTSE 250 group reported a pre-tax profit of £177.6m compared with £48.6m in the corresponding
Read moreSt Modwen expects significantly higher interim profits
2nd Jun 2015 08:38
Real estate investment group St Modwen Properties said its trading in the year to date was in line with expectations, courtesy of a solid performance across its divisions. In a trading update released on Tuesday, FTSE 250-listed St Modwen anticipated its annual results will be boosted by the company
Read moreLondon open: Miners fall, but UK markets track US and Hong Kong stocks higher
9th Apr 2015 08:57
UK stocks advanced on Thursday morning following a decent performance on Wall Street and Hong Kong indices overnight. Reports that Greece will meet Thursday's deadline to pay back a €450m loan payment to the International Monetary Fund were also helping sentiment. "The payment has been scheduled and
Read moreSt Modwen expects New Convent Garden work to start this summer
9th Apr 2015 08:12
Commercial contracts and planning agreements for the regeneration of the 57-acre New Convent Garden Market near Battersea, London, have gone unconditional, according to developer St Modwen Properties. The 10-year project, between 50:50 joint venture partners St Modwen and Vinci, will see the deliver
Read moreLondon close: Greek concerns send UK stocks to three-week low
9th Mar 2015 17:01
UK stocks fell on Monday, dropping to their lowest in three weeks, as renewed concerns about Greece weighed on sentiment. London's FTSE 100 finished down 0.51% at 6,876.47 by the end of trading on the back of losses in the real estate and construction sectors. The index has not closed below this lev
Read moreFTSE 250 movers: Betfair surges on higher price target, gold miners lower
9th Mar 2015 14:05
Betfair topped the risers after analysts at Morgan Stanley raised their price target on the stock from 1550p to 2030p, in a research note e-mailed to clients. "The fourth quarter saw strong revenue growth of 20%, marking the fourth consecutive quarter of 20%+ growth. This is despite tough sports res
Read moreLondon open: Stocks decline on Greek fears, global trade data
9th Mar 2015 08:40
UK stocks fell on Monday morning on the back of renewed concerns about Greece, while investors digested the latest trade data from China and Germany. London's FTSE 100 was down 0.55% at 6,873.61 within the opening hour of trade. Greece's new government has threatened that they could call a referend
Read moreGrowing property market in the UK helps St. Modwen Properties profits to jump
3rd Feb 2015 14:13
St. Modwen Properties saw its full-year profits jump thanks to a growing property market. Its profit before tax rose 68% to £138.1m, driving earnings per share to increase 57% to 52.7p. Revenues also increased significantly to £282.1m from £161.1m, driven by an improvement in tenant demand in the U
Read moreFTSE 250 movers: Energy stocks rebound after OPEC decision fall-out
2nd Dec 2014 14:30
Energy companies rebounded on to the risers list on Tuesday after dropping substantially in the fallout from OPEC's decision to maintain the rate of oil production last week, which caused the price of crude to drop to its lowest in more than four and a half years. Afren rose after declining on Monda
Read moreSt Modwen forecasts FY results at top end of hopes
2nd Dec 2014 08:14
Property developer St Modwen forecast record annual pre-tax profit at the top end of hopes after a rise in property valuations. The group, which is involved in redeveloping the giant former Longbridge MG Rover car factory site in Birmingham, said the higher valuations came from market-driven movemen
Read moreFTSE 250 movers: St. Modwen climbs as Electrocomponents slides
13th Nov 2014 15:50
St. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-a
Read moreLondon pre-open: Strong performance in Asia set to lift FTSE at opening bell
13th Nov 2014 07:30
A strong session in Asia overnight is expected to help lift sentiment in the UK on Thursday morning, with City sources predicting the FTSE 100 will open around 15 points higher than the previous day's close of 6,611.04. Overnight, data was released from both Japan and China, with the Nikkei jumping
Read moreSt Modwen JV gets thumbs-up for New Covent Garden redevelopment
13th Nov 2014 07:13
The 50/50 joint venture between St. Modwen Properties and its French partner, Vinci, has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square foot of new state-of-the-art market
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