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AfriAg jumps on strong first half performance

Tue, 04th Aug 2015 10:41

(ShareCast News) - Shares in AfriAg jumped almost 8% early on Tuesday, after the investment group reported strong performances for the first six months of 2015.The London-listed company said that approximately 907,000kg of perishable produce was transported by air in the first half to the end of June, which represented a 40% year-on-year increase to the volume it air-freighted in the corresponding period in 2014.The group added that it expects its performances to pick up in the second half, as they tend to be typically quieter in the first six months of the year, indicating the weakness of the South African rand against the pound and the euro is boosting its export business."We are now seeing strong growth from AfriAg's agri-logistics business, AfriAg SA, in southern Africa as the business becomes more established," said group executive chairman David Lenigas.AfriAg shares were up 7.94% to 0.367p at 1001 BST on Tuesday.
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21 Aug 2014 07:53

AfriAg Marketing Division Secures "Relatively Small" Initial Orders

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20 Aug 2014 09:08

Afriag's marketing division ready for business

AIM-listed agri-logistics group Afriag announced its marketing and sales division has now been established in South Africa and expects to secure its first contracts shortly. The firm's focus will be the sourcing, distribution and marketing of African agri-produce within the southern Africa region a

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20 Aug 2014 07:23

AfriAg Shares Rise Again As South Africa Marketing Arm Established

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19 Aug 2014 09:23

AfriAg Shares Soar As Airfreight Delivers "Excellent Performance"

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2 Jul 2014 10:15

ALLNEWSBLOG: One Year On - Alliance News By The Numbers

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27 Jun 2014 15:27

AfriAg Pretax Profit Narrows On Lower Expenses, Charges And Write-Offs

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17 Jun 2014 12:47

UK MIDDAY BRIEFING: BP Gets China Deal, Shell In Asset Sale

LONDON (Alliance News) - British oil major BP will sign a long-term contract worth around USD20 billion, or about GBP11.8 billion, to supply liquefied natural gas to China National Offshore Oil Corp, BP Chief Executive Bob Dudley said at a conference in Moscow Tuesday.
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17 Jun 2014 10:42

UK WINNERS & LOSERS: Xaar Plummets After Guidance Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Whitbread, up 3.1%. The Premier Inn hotels and Costa Coffee chain operator re

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17 Jun 2014 08:18

AfriAg Expands From Logistics Into Sales, Marketing African Produce

LONDON (Alliance News) - AfriAg PLC, the agricultural logistics business operating in Africa, Tuesday said it intends to establish a new food marketing, sales and distribution division in South Africa which will source and then market fresh and frozen African produce within the Southern African r

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17 Jun 2014 07:23

AfriAg to establish new food marketing and sales division

AIM-listed agri-logistics group AfriAg announced it plans to establish a new food marketing and sales distribution division. The new wholly-owned division will be based in South Africa and is expected to be operated through a newly incorporated company, AfriAg Marketing, funded from AfriAg's curre

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11 Jun 2014 15:04

AfriAg Secures YA Global Master As Shareholder, Cancels Equity Swap

LONDON (Alliance News) - AfriAg PLC said Wednesday that it had agreed to cancel its equity swap agreement for GBP600,000 with YA Global Master SPV Ltd, instead securing YAGM as a long term shareholder. AfriAg will issue YAGM with 32.5 million new shares, representing 2.74% of the company's

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11 Jun 2014 12:35

UK MIDDAY BRIEFING: J Sainsbury Sales Down Again, But Stock Gains

LONDON (Alliance News) - J Sainsbury Wednesday reported another drop in like-for-like sales, its second consecutive quarterly decline after nine years of unbroken sales growth.

The UK's third-largest supermarket chain by market share posted a 1.1% decline in like-f

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11 Jun 2014 10:44

UK WINNERS & LOSERS: Supermarkets Up, Airlines Down

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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J Sainsbury, up 2.5%, Tesco, up 0.6%, and WM Morri

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11 Jun 2014 08:41

AfriAg Shares Fall As It Raises GBP400,000 In Discounted Placement

LONDON (Alliance News) - AfriAg PLC shares fell Wednesday after the company said it raised GBP400,000 through a discounted placement of 100 million new shares. ArfiAg shares dropped 19% to 0.405 pence Wednesday morning, the biggest faller on AIM, bringing them close to the placement price 0

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11 Jun 2014 07:31

UK MORNING BRIEFING: Sainsbury's Leads FTSE 100 Gainers

LONDON (Alliance News) - Sainsbury's leads FTSE 100 gainers at the open Wednesday despite reporting its second consecutive decline in quarterly sales.

However, the overall market has opened lower, depressed by a group of ex-dividend stocks such as VodafoneRead more

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