Assetco Share News (ASTO)

AssetCo First-Half Pretax Profit Rises On Improved Margins, Lower Expenses

AssetCo Profit Hit By Consultancy Income Drops, Investigation Costs

LONDON (Alliance News) - AssetCo PLC said Friday pretax profit more than halved for its full-year after the company was hit by reduced consultancy income, one-off construction costs and charges over a "professional negligence" investigation. The fire and emergency services provider said rev

Sector movers: Industrials lifted by Cookson

Materials science company Cookson was making gains on Thursday afternoon despite some controversy at its annual general meeting (AGM) today, lifting the general industrials sector to the top of the pile. Almost 32%, or 70.5m, of the 220.8m votes cast at the AGM were against the motion to approve th

London close: Flat finish as Carnival and Imperial warn on profits

Shares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial Tobacco and Carnival. Imperial Tobacco fell back after it slashed profit expectations for its Spanish business as competition in the country forced it

London midday: FTSE 100 fights back

Shares have climbed higher after an indifferent start, with mining stocks and banks sending the top share index higher. Imperial Tobacco is lower though after it slashed profit expectations for its Spanish business as competition in the country forced it to cut prices for cigarettes. Imperial, whos

Assetco confirms discussions, shares jump

Fire engine supplier Assetco is in discussions with a "number of parties which may or may not lead to an offer being made for the business," it confirmed in a statement Monday morning. The Sunday Times reported at the weekend that Seacor, which operates support vessels for the oil industry, may bid

London close: Carnival sinks

A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.

London afternoon: Downward drift continues

Footsie lost more ground over the lunch time session as Wall Street opened mixed, failing to carry on the strong advance seen yesterday. GKN is lower on speculation of a bid for French peer Latecoere. The French aerospace firm, which provides doors for Boeing and Airbus, is looking for a buyer, acc

Shareholders in favour of AssetCo placing

Shareholders in AIM-quoted AssetCo have passed all the resolutions at its reconvened general meeting today after chief executive John Shannon was forced to vote in favour. The outsourced fire services provider obtained an injunction yesterday evening that required Shannon to vote in favour of the

AssetCo adjourns general meeting

AIM-quoted AssetCo has adjourned its general meeting until tomorrow after chief executive John Shannon said that he wanted to vote against resolutions that would enable the outsourced fire services provider to raise the additional cash that it requires. Shannon says that he is not bound by his irre

London close: Strong finish to tough week

Shares went into the weekend on the front foot after a week that was overshadowed by international events. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council voted

London afternoon: Oil guzzlers welcome Libyan ceasefire

The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council

London midday: Shares rise after Japan intervention

Shares are on the rise again today, helped by international financial intervention to help Japan following its catastrophic earthquake. The seven leading industrialised nations have taken concerted action to stop the rise of the Japanese yen. Monetary authorities in Japan, Europe, Britain and the U

London open: OfGem report prompts National Grid surge

Buoyed by a strong performance last night on Wall Street and the recovery this morning of Tokyo, London has started the day on the front foot. Miners are pushing the blue-chip index higher, with Xstrata, African Barrick and BHP Billiton to the fore. It is power and gas grid operator National Grid