Frasers Group calling for the Government to take urgent action

FTSE News FTSE 250

Frasers Group plc (LON:FRAS), one of the biggest employers on the UK High Street, has backed the campaign by the British Retail Consortium and 52 other chains calling for the Government to take urgent action on Business Rates. With the UK High Street on life support, the time for reform has long since passed. Transitional relief in particular is disastrous …

Apax Global Alpha Appoint Ms Stephanie Coxon to the Board

FTSE News FTSE 250

Apax Global Alpha Limited (LON:APAX) have today announced that Ms Stephanie Coxon has accepted an invitation to join the Board as a non-executive Director and a member of its audit committee, with effect from 31 March 2020. Ms Coxon is a Guernsey resident and has 15 years of experience of audit and advisory services with PwC in the asset management …

Pizza takeaway

Domino’s Pizza Group to sell Norwegian business

FTSE News FTSE 250

Domino’s Pizza Group plc (LON:DOM) has today announced that, conditional on shareholder approval, it has agreed to sell its entire shareholding in DP Norway AS to Pizza Holding AS and EYJA Fjarfestingafelag III EHF, the existing minority shareholders in Domino’s Norway. Transaction Summary ·    Provides a complete exit for DPG from Norway for a cash outlay of up to £7.0 million, …

Great Portland Estates deliver another productive quarter

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Great Portland Estates plc (LON:GPOR) today published its trading update for the quarter to 31 December 2019. Continued leasing successes ahead of March 2019 ERV ·   Twelve new lettings (48,900 sq ft) generating annual rent of £3.7 million (our share: £3.5 million); market lettings 1.4% ahead of March 2019 ERV ·   Flexible space now c.11% of office portfolio at 35% > ERV1 and …

Grainger announce Proposed Placing to accelerate PRS growth

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Grainger plc (LON:GRI), the UK’s largest listed provider of private rental housing, today announced a proposed placing of up to 61.2 million new Ordinary Shares representing approximately 9.99% of the Company’s issued share capital. The Placing is being conducted through an accelerated bookbuild which will be launched immediately following release of this announcement. The Placing is expected to raise gross …

Safestore Holdings achieve strong Q1 performance

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Safestore Holdings plc (LON:SAFE) has today announced its first quarter trading update for the period 1 November 2019 to 31 January 2020. Group Operating Performance- total Q1 2020 Q1 20192 Change Change- CER1 Revenue (£’m) 39.9 37.2 7.3% 8.3% Closing Occupancy (let sq ft- million)3 4.96 4.60 7.8% n/a Maximum Lettable Area (MLA)4 6.71 6.37 5.3% n/a Closing Occupancy (% …

aerospace and defence

Babcock International Group order book and pipeline remains at record level of £34 billion

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Babcock International Group plc (LON:BAB), the aerospace and defence company, has issued this update following trading in the first nine months of the financial year. Expectations for this financial year Our expectations for underlying earnings per share are in line with current consensus expectations1. We update our detailed guidance previously set out in November 2019. Previous guidance New guidance Underlying …

Dunelm Group Deliver further growth and new digital capabilities

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Dunelm Group plc (LON:DNLM), the UK’s leading homewares retailer, today announced its interim results for the 26 weeks to 28 December 2019.   FY20 H1Pre IFRS 16  Impact of IFRS 16 FY20 H1  Reported FY19 H11  Reported Year on year change Reported Revenue £585.0m – £585.0m £551.8m +6.0% Gross margin2 51.5% – 51.5% 50.3% +120bps Profit before taxation £84.9m (£1.3m) £83.6m £70.0m +19.4% …

NextEnergy Solar Fund Announce interim dividend

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NextEnergy Solar Fund Limited (LON:NESF) has today announced an interim dividend of 1.7175 pence per Ordinary Share for the quarter ending 31 December 2019. The interim dividend of 1.7175 pence will be paid on 31 March 2020 to shareholders on the register as at the close of business on 21 February 2020. The ex-dividend date is 20 February 2020. NextEnergy …

Plus500 Finish 2019 in good financial and operational shape

FTSE News FTSE 250

Plus500 Limited (LON:PLUS), a leading online service provider for trading Contracts for Difference internationally, today announced its preliminary unaudited results for the year ended 31 December 2019. Financial Highlights: · 2019 was a year of two distinct halves with strong improvement in H2 2019: o Robust performance across all key metrics in H2 2019 compared to H1 2019, which was …