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Pin to quick picksAssetco Share News (ASTO)

Share Price Information for Assetco (ASTO)

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Share Price: 33.00
Bid: 32.00
Ask: 34.00
Change: 0.00 (0.00%)
Spread: 2.00 (6.25%)
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AssetCo served notice by 'major' Abu Dhabi client

Tue, 16th Oct 2018 11:31

(Sharecast News) - AssetCo told investors on Tuesday that a major client in the United Arab Emirates had informed it of its decision to sever ties with the firm.The AIM-listed outfit received a letter on Monday advising it that the Presidential Special Guard, one of its major Abu Dhabi-based clients for firefighting services, intended to take its business elsewhere.Presidential told AssetCo that it will now get its firefighting services from the same firm that provides services to the whole of the Abu Dhabi Military.AssetCo said management was in "the early stages" of discussions regarding future arrangements with Presidential and that it will update shareholders on the matter, as well as revealing new information regarding its ongoing litigation against Grant Thornton, in due course.Last year, Thornton was hit with a £2.3m fine by the accountancy watchdog for its part in a scandal that almost brought AssetCo to its knees in 2011.The watchdog found that Thornton, Britain's fifth largest auditor, "fell significantly short of the standards reasonably to be expected" following an investigation of its auditing.Three senior executives at AssetCo, which also leased fire engines to the London Fire Brigade, were also banned from the accounting profession for a total of 42 years back in August.John Shannon, former chief executive of Assetco; Raymond Flynn, its former chief financial officer; and Matthew Boyle, who was financial controller, were fined a total of £500,000 for misconduct and "facilitating fraud".As of 1200 BST, AssetCo shares had slipped 3.90% to 370p.
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19 May 2022 10:54

SMALL-CAP WINNERS & LOSERS: R&M-AssetCo deal gets FCA green light

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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6 Apr 2022 15:53

UK shareholder meetings calendar - next 7 days

Thursday 7 April 
RM PLCAGM
Friday 8 April 
Path Investments PLCGM re DG Innovate purchase and name change
Rio Tinto PLCAGM
Monday 11 April  
MC Mining LtdEGM 
Gore Street Energy Storage Fund PLCGM re investment and dividend policy
TruFin PLCGM re equity raise
Tuesday 12 April 
abrdn China Investment Co LtdAGM
Phoenix Copper LtdAGM
Wednesday 13 April 
AssetCo PLCGM re River & Mercantile reverse takeover
DP Eurasia NVEGM re takeover protection
Smith & Nephew PLCAGM
  
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25 Mar 2022 13:28

IN BRIEF: River & Mercantile widens half-year loss, ups revenue

River & Mercantile Group PLC - London-based advisory and asset management company - More than doubles its loss in the first half of its 2022 financial year. It posts a loss of GBP13.4 million for the half-year ending on December 31, widening from GBP6.0 million a year ago. Revenue grows 4.2% to GBP13.5 million from GBP12.9 million. As previously reported, subject to shareholders' approval and change of control permission being granted by the Financial Conduct Authority, River & Mercantile will soon be part of AssetCo PLC, Chair Jonathan Dawson says.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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18 Feb 2022 18:20

TRADING UPDATES: Annual profit hikes for AssetCo and TBC Bank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Feb 2022 14:44

AssetCo performa well as it plans River and Mercantile takeover

(Sharecast News) - Asset and wealth management company AssetCo reported £9.6bn in assets under management in its preliminary results on Friday, up from nil year-on-year.

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1 Feb 2022 11:47

River & Mercantile completes sale of solutions arm to Schroders

River & Mercantile completes sale of solutions arm to Schroders

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1 Feb 2022 08:31

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

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25 Jan 2022 19:12

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

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25 Jan 2022 14:43

River & Mercantile agrees to GBP99 million AssetCo takeover

River & Mercantile agrees to GBP99 million AssetCo takeover

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25 Jan 2022 14:28

UPDATE 2-Acquisition vehicle AssetCo to buy UK investment firm River & Mercantile

(Adds RMG's sale of U.S. Solutions business, updates share move)Jan 25 (Reuters) - UK-based acquisition vehicle AssetCo said on Tuesday it will buy investment and consulting firm River & Mercantile Group (RMG), in a deal, which along with a plann...

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25 Jan 2022 14:28

UPDATE 1-Acquisition vehicle AssetCo to buy UK investment firm River & Mercantile

(Adds detail, chairman comment, shares)Jan 25 (Reuters) - UK-based acquisition vehicle AssetCo said on Tuesday it will buy investment and consulting firm River & Mercantile Group (RMG), in a deal, which along with a planned capital return, will va...

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25 Jan 2022 12:45

AssetCo to buy River and Mercantile in £98.8m deal

(Sharecast News) - Acquisitions vehicle AssetCo has agreed to buy asset management firm River and Mercantile in an all-share £98.8m deal.

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24 Jan 2022 19:04

PRESS: AssetCo close to agreeing deal to buy River & Mercantile

PRESS: AssetCo close to agreeing deal to buy River & Mercantile

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18 Jan 2022 14:51

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

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