The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAssetco Share News (ASTO)

Share Price Information for Assetco (ASTO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 35.50
Bid: 35.00
Ask: 36.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.857%)
Open: 35.50
High: 35.50
Low: 35.50
Prev. Close: 35.50
ASTO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AssetCo's focus on support services pays dividends

Fri, 25th Jun 2010 07:53

Fire and rescue services business AssetCo said all of its forecast revenue for fiscal 2011 is already in the bag as it celebrated record figures for fiscal 2010.Profit before tax from continuing operations leapt from £1.3m the year before to £12.1m in the year to 31 March 2010.Earnings before interest, tax, depreciation and amortisation rose to £24.9m from £17.6m the year before.Group revenue increased by 33% to £45.2m from £34.1m in the prior year due to the securing of the emergency fire crew capability (EFCC) contract for the London Fire and Emergency Planning Authority which commenced in August 2009 and also due to the international financial reporting standards (IFRS) treatment of new assets.Net debt has been reduced from £76m at the end of March 2009 to £68.5m at the end of March 2010."Our established track record in the UK allows us to continue to offer alternative models to deliver significant efficiency savings to those local authorities tasked with meeting the Chancellor's budget targets, whilst internationally we have identified several further opportunities for growth," said chief executive John Shannon. The directors are recommending an increased dividend of 1.5p, up from 1.25p in 2009, and the board also intends to declare an interim dividend of not less that 1.0p following the disposal of "assets held for sale".
More News
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.

Read more
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
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
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.

Read more
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:

Read more
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:

Read more
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.

Read more
1 Feb 2022 11:47

River & Mercantile completes sale of solutions arm to Schroders

River & Mercantile completes sale of solutions arm to Schroders

Read more
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

Read more
25 Jan 2022 19:12

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

Read more
25 Jan 2022 14:43

River & Mercantile agrees to GBP99 million AssetCo takeover

River & Mercantile agrees to GBP99 million AssetCo takeover

Read more
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...

Read more
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...

Read more
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.

Read more
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

Read more
18 Jan 2022 14:51

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.