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Share Price Information for Assetco (ASTO)
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Share Price:
36.50
Bid:
36.00
Ask:
37.00
Change:
0.50 (1.39%)
Spread:
1.00 (2.778%)
Open:
36.00
High:
36.50
Low:
36.40
Prev. Close:
36.00
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Don't have an account? Click here to register.London open: OfGem report prompts National Grid surge
Fri, 18th Mar 2011 08:39
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 that is the best performer, however, after OfGem published details of its new price review regime which it said will provide strong incentives and penalties to encourage smarter, more sustainable networks, delivering improved customer service.The price controls for Britain's gas and electricity transmission and gas distribution networks will run for eight years from 2013 until 2021.To encourage greater innovation, Ofgem will set up a £400m fund for the transmission and gas distribution companies. Bookmaker William Hill has been granted an extension to the injunction preventing Playtech from selling its stake in William Hill Online. In court yesterday, it was agreed the injunction will stay in place until a further court hearing which is expected to occur in May or shortly thereafter.London and south-east housebuilder Berkeley continues to benefit from the region's position as a pocket of strength in an otherwise gloomy housing market. "Berkeley anticipates reporting earnings at the high end of its expectations for the year ended 30 April 2011 and the investment in work in progress will enable a further growth in earnings in 2011/12 if overall market conditions permit," it said.Fund manager Jupiter, which relisted in June, enjoyed a profit burst in 2010. Profit before tax came in at £42.4m compared with £7.2m in 2009. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 37% o £124.6m.Having lowered expectations in January with a profits warning building services group T. Clarke managed to beat those downgraded expectations. Revenue in 2010 rose to £179.0m versus £175.5m in 2009 and against market expectations of £169.0m. Profit before tax slipped to £5.7m from £7.3m the year before. The market had pencilled in a figure of £5.63m.AssetCo's major shareholders are rallying round the cash-strapped outsourced fire services provider, ready to chip in with money to boost working capital.The company has had to rattle the begging bowl again because creditors have been demanding earlier repayment than usual since news emerged that the company is set to raise new funds through a placing. The demands have placed a considerable strain on AssetCo's working capital.Manganese Bronze, the company behind London's iconic black cabs, narrowed losses in 2010 and still thinks it can return to profit this year. The firm announced a deficit of £6.3m for the year just gone - "a year of transition" - down by a million from 2009, though revenue fell 5% to £69.6m as total new vehicle sales dropped by 154 to 1,879. Restructuring cost £3.5m.FTSE 100 - RisersNational Grid (NG.) 566.50p +2.53%Xstrata (XTA) 1,401.00p +1.67%Severn Trent (SVT) 1,425.00p +1.64%BP (BP.) 463.90p +1.38%Weir Group (WEIR) 1,627.00p +1.31%Unilever (ULVR) 1,827.00p +1.27%Smiths Group (SMIN) 1,315.00p +1.23%Resolution Ltd. (RSL) 275.40p +1.21%Amec (AMEC) 1,124.00p +1.17%3i Group (III) 298.50p +1.12%FTSE 100 - FallersEssar Energy (ESSR) 471.70p -0.92%Vodafone Group (VOD) 169.90p -0.90%Carnival (CCL) 2,481.00p -0.68%Marks & Spencer Group (MKS) 333.60p -0.45%BT Group (BT.A) 177.60p -0.39%Next (NXT) 1,947.00p -0.26%Admiral Group (ADM) 1,584.00p -0.25%Barclays (BARC) 283.00p -0.19%InterContinental Hotels Group (IHG) 1,249.00p -0.16%Whitbread (WTB) 1,619.00p -0.12%FTSE 250 - RisersBerkeley Group Holdings (BKG) 1,036.00p +3.19%Talvivaara Mining Company (TALV) 546.50p +2.92%Kenmare Resources (KMR) 37.75p +2.83%Redrow (RDW) 123.60p +2.83%FTSE 250 - FallersDaejan Holdings (DJAN) 2,644.00p -3.82%Jupiter Fund Management (JUP) 308.00p -3.24%JPMorgan Indian Inv Trust (JII) 406.60p -1.72%Moneysupermarket.com Group (MONY) 87.05p -1.36%JD Sports Fashion (JD.) 923.00p -1.07%
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17 Apr 2024 13:59
UK shareholder meetings calendar - next 7 days
| Thursday 18 April | |
| Aquis Exchange PLC | AGM |
| FW Thorpe PLC | GM re executive share ownership plan |
| Harmony Energy Income Trust PLC | AGM |
| Polar Capital Global Financials Trust PLC | AGM |
| Segro PLC | AGM |
| Team Internet Group PLC | AGM |
| Friday 19 April | |
| Murray International Trust PLC | AGM |
| Quantum Exponential Group PLC | GM re delisting or potential investment in company |
| Monday 22 April | |
| Renalytix PLC | GM |
| Travis Perkins PLC | AGM |
| Tuesday 23 April | |
| AIQ Ltd | AGM |
| NatWest Group PLC | AGM |
| Taylor Wimpey PLC | AGM |
| Wednesday 24 April | |
| abrdn PLC | AGM |
| abrdn Equity Income Trust PLC | AGM |
| AssetCo PLC | AGM |
| Breedon Group PLC | AGM |
| British American Tobacco PLC | AGM |
| Bunzl PLC | AGM |
| Coro Energy PLC | AGM |
| Croda International PLC | AGM |
| Entain PLC | AGM |
| Greencoat UK Wind PLC | AGM |
| Primary Health Properties PLC | AGM |
| Serco Group PLC | AGM |
| Synectics PLC | AGM |
| Comments and questions to newsroom@alliancenews.com | |
| A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional. | |
| Copyright 2024 Alliance News Ltd. All Rights Reserved. | |
16 Apr 2024 20:34
EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more18 Mar 2024 12:26
AssetCo shares down as annual loss widens, but managed assets rise
(Alliance News) - AssetCo PLC on Monday reported significantly higher administrative costs and a plunge in finance income in its recent financial year, which together more than offset a surge in revenue.
Read more15 Dec 2023 12:23
IN BRIEF: Hipgnosis Songs Fund adds Harwood founder Mills to board
Hipgnosis Songs Fund Ltd - London-based music intellectual property rights investor - Hires Christopher Mills, the founder of Harwood Capital Management and co-founder JO Hambro Capital Management, as an independent non-executive director, starting Friday. Mills currently is chief executive officer and investment manager of North Atlantic Smaller Cos Investment Trust PLC, and is on the boards of MJ Gleeson PLC, AssetCo PLC, and Oryx International Growth Fund Ltd. Mills holds no shares in Hipgnosis.
Read more30 Oct 2023 10:46
Princess Private Equity appoints Peter McKellar as non-executive chair
(Alliance News) - Princess Private Equity Holding Ltd on Monday said Peter McKellar will join the company as non-executive chair from November 23.
Read more6 Oct 2023 15:16
AssetCo agrees to transfer interest in RMI to its managing partner
(Sharecast News) - AssetCo and its fully-owned subsidiary River & Mercantile Holdings announced an agreement on Friday to transfer its corporate partnership interest in River and Mercantile Infrastructure Income Fund's investment adviser, RMI, to a partnership within RMI helmed by managing partner Ian Berry.
Read more6 Oct 2023 12:02
AssetCo to sell stake in River & Mercantile Infrastructure for GBP1
(Alliance News) - AssetCo PLC, and its wholly-owned subsidiary River & Mercantile Holdings Ltd, on Friday announced they have reached an agreement in principle to sell their interest in River & Mercantile Infrastructure LLP.
Read more2 Oct 2023 10:41
AssetCo buys Ocean Dial for 1.5 million shares and GBP2.5 million cash
(Alliance News) - AssetCo PLC on Monday said that it has bought Ocean Dial Asset Management Ltd from Avendus Capital Asset Management (UK) Ltd, following clearances from regulators.
Read more2 Oct 2023 10:26
AssetCo acquires Ocean Dial Asset Management
(Sharecast News) - Wealth management firm AssetCo has now acquired Ocean Dial Asset Management from Avendus Capital following confirmation of relevant clearances from the FCA and Indian regulators.
Read more20 Sep 2023 18:25
IN BRIEF: AssetCo sells its 70% interest in Rize ETF; hails Parmenion
AssetCo PLC - London-based asset management fund - Sells 70% stake in specialist thematic ETF issuer Rize ETF Ltd to ARK Invest LLC for an upfront payment of GBP2.6 million, a deferred payment of GBP2.6 million and an earn out provision, capped at GBP5.3 million, which will operate over 5 years. "The sale agreement accelerates the delivery of the potential of this fundamentally attractive business. Rize will become the hub for ARK's expansion into Europe and AssetCo is delighted to be aligned with ARK's and Rize's future success, both through the mechanism of the earn out agreement and the on-going ETF partnership," AssetCo says. Further, notes media reports about the value of its 30% equity interest in Parmenion that it bought for GBP20.6 million in October 2021. Parmenion "has traded strongly in terms of assets under management," AssetCo says. Adds that its equity interest in Parmenion has a current value of between GBP75 million and GBP90 million.
Read more16 Aug 2023 22:23
PRESS: Premier Miton Group held R&M deal talks with AssetCo
(Alliance News) - Premier Miton Group PLC held talks with AssetCo to acquire parts of the River & Mercantile business, though discussions stalled, Sky News reported on Wednesday.
Read more15 Aug 2023 12:46
AssetCo gets FCA go-ahead for Ocean Dial acquisition
(Sharecast News) - Asset and wealth manager AssetCo has received approval from the Financial Conduct Authority (FCA) for its change in control application, it announced on Tuesday, paving the way for its planned acquisition of Ocean Dial Asset Management from Avendus Capital Asset Management UK.
Read more15 Aug 2023 10:49
AssetCo notes UK FCA approval for GBP4.1 million acquisition
(Alliance News) - AssetCo PLC on Tuesday said the UK Financial Conduct Authority approved its planned GBP4.1 million acquisition of Ocean Dial Asset Management Ltd.
Read more20 Jun 2023 17:10
IN BRIEF: AssetCo says CEO to leave after "extremely demanding" period
AssetCo PLC - London-based asset management fund - Says Chief Executive Officer Campbell Fleming has decided to step down for personal reasons, effective June 30. Campbell oversaw AssetCo's formation, as well as multiple acquisitions. AssetCo will not replace Campbell directly; instead, Executive Chair Martin Gilbert and Chief Financial & Operating Officer Gary Marshall will assume its overall strategic direction and day-to-day operations, respectively. Alex Hoctor-Duncan, CEO of AssetCo's principal operating company and 2022 acquisition River & Mercantile Group PLC, also will continue taking on additional responsibilities.
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