GCP Infrastructure Investments Limited Announce Dividend Declaration and Scrip Dividend Alternative

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GCP Infrastructure Investments Limited (LON: GCP), the only UK listed fund focused primarily on investments in UK infrastructure debt has announced a dividend of 1.9 pence per ordinary share, for the period from 1st July 2019 to 30th September 2019. The dividend will be paid on 22 November 2019 to holders of ordinary shares recorded on the register as at …

Marston’s achieve further growth against an exceptionally strong 2018

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Marston’s (LON:MARS) issued the following Trading Update for the year ended 28 September 2019.  The preliminary results will be announced on 27 November 2019. Group turnover was up 3% to £1.2bn.  We anticipate reporting EBITDA broadly flat year on year and underlying profit before tax of around £101 million with higher operating profits in our Taverns and Beer businesses offset …

Rank Group pleased with growth achieved

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Rank Group (LON:RNK) announced the following trading update for the quarter to 30 September 2019 Rank today announces Group like-for-like net gaming revenue (‘NGR’) was up 10% for the quarter ended 30 September 2019 (‘Q1’), with total NGR up 9%.  On a channel basis, digital NGR grew by 16% and venues like-for-like NGR grew by 9%. LFL revenue Q1 2019/20 …

Vesuvius remain confident in ability to achieve a 12.5% return-on-sales

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Vesuvius (LON:VSVS), a global leader in molten metal flow engineering and technology, released the following Trading Update covering the period from 1 July to 30 September 2019. The challenging market environment highlighted at our half year results has continued into H2 2019, with end markets continuing to weaken further, particularly in the EMEA region. As a result, following a review …

NB Global Floating Rate Income Fund Portfolio Update

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The NB Global Floating Rate Income Fund Limited (LON: NBLS) targets income generation whilst seeking to preserve investors’ capital and give protection against rising interest rates. The Fund’s managers seek to generate this yield by investing in a global portfolio of below investment grade senior secured corporate loans with selective use of senior secured bonds, diversified by both borrower and …

CLS Holdings plc acquires Pacific House, Reading for £14.9m

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CLS Holdings (LON: CLI) has announced that it has completed the acquisition of Pacific House in Reading, a 57,086 sq. ft (5,303 sqm) multi-let office building, for £14.9 million excluding costs. The acquisition has a net initial yield of 7.3%. The building, which is located to the south of Reading, is 92% let to 7 tenants with a WAULT of …

LondonMetric Property First disposal from Mucklow portfolio

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LondonMetric Property (LON:LMP) announced that it has sold an office and a distribution warehouse for a combined consideration of £11.6 million at material premiums to book value. The 21,000 sq ft office is located in Leicester and let for a further nine years to My Home Move. The building was acquired through the Mucklow acquisition and has been sold for …

Ferrexpo release statement on Group CEO Kostyantin Zhevago

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The Board of Ferrexpo (LON:FXPO) has noted recent headlines with regards to the Group’s CEO and majority shareholder, Kostyantin Zhevago. The Board is closely monitoring the situation and will take any actions that are needed in the interests of all shareholders and the Company. Meanwhile, the Board has been informed that Mr Zhevago has not been served with any legal …

Energean Oil & Gas PLC Sell E&P North Sea Assets for up to $280 million

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Energean Oil and Gas plc (LON: ENOG, TASE: אנאג), the oil and gas producer focused on the Mediterranean, has announced that, further to Energean’s proposed acquisition of Edison Exploration and Production S.p.A. as announced on 4th July 2019, it has entered into a conditional Sale and Purchase Agreement to sell Edison E&P’s UK and Norwegian subsidiaries to Neptune Energy Group …

HICL Infrastructure announce new investments

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HICL Infrastructure (LON:HICL), the listed infrastructure investment company managed by InfraRed Capital Partners Limited, announced the completion of the acquisition of the transmission assets associated with the Race Bank Windfarm, located off the coast of Norfolk, by Diamond Transmission Partners, a consortium comprising HICL and Diamond Transmission Corporation Limited. The transaction is part of Tender Round 5 of Ofgem’s Offshore Transmission …