Hammerson disposes of retail parks portfolio for £400m

FTSE News FTSE 250

Hammerson plc (LON:HMSO) has exchanged unconditional contracts on the sale of a portfolio of seven retail parks to Orion European Real Estate Fund V for a headline price of £400m with expected net proceeds of £395m. This transaction is the largest UK retail parks portfolio sale in the past decade. The sale follows Hammerson’s strategic decision, announced in July 2018, …

Gold and Silver Mining

Hochschild Mining another robust year of production

FTSE News FTSE 250

Hochschild Mining plc (LON:HOC) have today provided Preliminary Results for the year ended 31 December 2019. Robust 2019 financial performance Revenue up 7% at $755.7 million (2018: $704.3 million)[1] Adjusted EBITDA up 28% at $343.3 million (2018: $268.0 million)[2] Profit before income tax (pre-exceptional) up 89% at $103.4 million (2018: $54.7 million) Profit before income tax (post-exceptional) up 100% at …

technology and communications

Herald Investment Trust NAV per share growth reached 27.5% for year end

FTSE News FTSE 250

Herald Investment Trust plc (LON:HRI) annual financial report for the year ended 31st Dec 2019. Results and dividend The net asset value (NAV) of the Company at 31 December 2019 was 1,668.1p per ordinary share (2018 – 1,307.9p). This represented an increase of 27.5% during the year. The discount was 11.3% (2018: 17.8%) and the share price increased by 37.7% …

Moneysupermarket.com Group CEO Mark Lewis to step down

FTSE News FTSE 250

Moneysupermarket.com Group plc (LON:MONY) Mark Lewis has indicated to the Board that he wishes to step down as Chief Executive and pursue his career in a new direction. No date for this has been agreed, but Mark has said that he wishes to ensure a smooth transition to his successor. The Board has initiated a formal search process for his …

Property - Keys - Rent

Grainger to acquire a 348 home, PRS development at Queens Road in Nottingham for £55.6m

FTSE News FTSE 250

Grainger plc (LON:GRI), the UK’s largest provider of private rental homes, today announced further details on its recently announced new scheme in Nottingham. Grainger has agreed to forward fund and acquire a 348-home PRS (‘build to rent’) development from Blocwork LLP for £55.6m. Blocwork LLP, a 50:50 joint venture between Network Rail and Bloc Group, has been setup to develop …

Renewables Infrastructure Group appoint Tove Feld as non-executive director

FTSE News FTSE 250

The Renewables Infrastructure Group (LON:TRIG), the listed UK investment company managed by InfraRed and RES, has today announced the appointment of Tove Feld as a non-executive director, with effect from 1 March 2020. This appointment has been made following a comprehensive search carried out by a third-party recruitment consultant. Ms Feld is a Danish national and has more than 25 …

TP ICAP Appoint Angela Crawford-Ingle as Non-executive Director

FTSE News FTSE 250

TP ICAP plc LON:TCAP) has announced this morning the appointment of Angela Crawford-Ingle to the role of Non-executive Director and a member of the Company’s Audit, Risk, and Nominations and Governance Committees. She will assume the positions with effect from 16 March 2020. Ms Crawford-Ingle, a chartered accountant, was a Partner specialising in Financial Services at PricewaterhouseCoopers for 30 years, …

PureTech to Present at 9th Annual SVB Leerink Global Healthcare Conference

FTSE News FTSE 250

PureTech Health plc (LON:PRTC) has today announced that Daphne Zohar, founder and chief executive officer, will present at the 9th Annual SVB Leerink Global Healthcare Conference in New York on Tuesday, 25 February at 9:00 AM EST. A webcast of the presentation will be available at http://puretechhealth.com/investors under the Reports and Presentations tab. About PureTech Health PureTech is a clinical …

Oil Mining

Tullow Oil Marina-1 well results show no significant hydrocarbons

FTSE News FTSE 250

Tullow Oil plc (LON:TLW) has today announced that the Marina-1 exploration well, drilled on Z-38 licence offshore Peru, has reached Total Depth and has not encountered significant hydrocarbons. The well tested the La Cruz and Mal Pelo formations where minor gas shows were encountered however there were no indications of hydrocarbons in the primary targets in the Tumbes formation. The …

William Hill appoints new CFO

FTSE News FTSE 250

William Hill PLC (LON:WMH), today announced the appointment of Adrian Marsh as William Hill’s next Chief Financial Officer (CFO). He will join the Company and be appointed as an Executive Director to the William Hill Board later in the year. As announced on 13 January 2020, the Company’s current CFO, Ruth Prior will be leaving the Company to join Element …