Pints of Beer

Marston’s PLC a creditable performance in a challenging market

FTSE News FTSE 250

Marston’s PLC (LON: MARS) issued today the following trading update for the 16 week period to 18 January 2020 ahead of the Annual General Meeting to be held at 11:00 hrs today. Trading Pubs Total managed and franchise like-for-like sales growth for the period increased 1.0%, reflecting continued growth in drinks sales offset by weaker food sales. Trading over the …

Pantheon International Plc Performance Update at 31 December 2019

FTSE News FTSE 250

Pantheon International Plc (LON: PIN) has today provided a performance update as at 31 December 2019. Foreign Exchange losses (-2.2%) accounted for most of the NAV movement in December offsetting the positive contribution from underlying investment valuations in the month. Highlights 2,749.3p NAV per share -1.8% NAV per share movement for the month £1.5bn Net asset value £18.1m Net portfolio …

PPHE Hotel Group

PPHE Hotel Group 6.3% like-for-like room revenue growth

FTSE News FTSE 250

PPHE Hotel Group (LON: PPH), the international hospitality real estate group which develops, owns and operates hotels and resorts, today announced a trading update for the year ended 31 December 2019. · Like-for-like1 Group room revenue for the year grew by 6.3% to £249m (2018: £234m) · Reported Group room revenue for the year increased by 5.9% to £250m (2018: …

accommodation development

Unite Group plc Granted planning permission for Bristol 416 bed student accommodation

FTSE News FTSE 250

The Unite Group plc (LON: UTG), the UK’s leading owner, manager and developer of student accommodation, has received resolution to grant planning permission for its 416-bed student accommodation development in Bristol city centre, incorporating the conversion of the former Georgian hospital building into 62 rented residential homes. The site occupies a prime location in Bristol city centre and will provide …

PureTech Health Receives $200 Million from Sale of Minority Affiliate Shares

FTSE News FTSE 250

PureTech Health plc (LON: PRTC), a clinical stage biotechnology company dedicated to discovering, developing and commercialising highly differentiated medicines for devastating diseases, today announces that it has sold 2.1 million shares of its affiliate Karuna Therapeutics (NASDAQ: KRTX) for a cash consideration of approximately $200 million to Goldman Sachs & Co. LLC. PureTech intends to use the proceeds from the …

John Laing Group CEO Olivier Brousse Resigns to move to Veolia Group

FTSE News FTSE 250

John Laing Group plc (LON: JLG) announced today that Olivier Brousse, has tendered his resignation from his position as Chief Executive Officer of the Company in order to take up a senior position at Veolia Group. Olivier will remain as CEO of the Company whilst he assists the Company to effect an orderly transition. The Company is in the process …

Syncona Limited Autolus announces pricing of public offering

FTSE News FTSE 250

Syncona Ltd (LON: SYNC), a leading healthcare company focused on founding, building and funding global leaders in life science, has noted that its portfolio company, Autolus Therapeutics plc today announced the pricing of its underwritten public offering in the United States of 7,250,000 American Depositary Shares representing 7,250,000 ordinary shares, at a public offering price of $11.00 per ADS, for …

AJ Bell

AJ Bell plc total assets under administration up 5% to £54.7 billion

FTSE News FTSE 250

AJ Bell plc (LON: AJB), one of the UK’s largest investment platforms, issued a trading update in respect of the three months ended 31 December 2019, ahead of its Annual General Meeting later today. Performance overview Total customer numbers increased by 4% in the quarter to 241,152, with total assets under administration up 5% to £54.7 billion. AJ Bell’s growth …

J D Wetherspoon Plc

J D Wetherspoon Trading in line with previous expectations

FTSE News FTSE 250

J D Wetherspoon plc (LON: JDW) announced today its Q2 business update. The Company’s interim results for the six months ending 26 January 2020 are expected to be announced on 20 March 2020. Current trading For the first 12 weeks of the second quarter (to 19 January 2020), like-for-like sales increased by 4.7% and total sales by 4.2%. In the …

Close Brothers Group Trading update

FTSE News FTSE 250

Close Brothers Group plc (LON: CBG) today issued its scheduled pre-close trading update ahead of its 2020 half year end. Close Brothers will be releasing its half year results for the six months ending 31 January 2020 on 10 March 2020. All statements in this release relate to continuing operations over the five months to 31 December 2019 unless otherwise …