21 Sep 2023 19:04
TRADING UPDATES: Zambeef to rationalise in Zambia; Nucleus owns Curtis
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Don't have an account? Click here to register.Curtis Banks reports growth in first half following successful acquisitions
Tue, 06th Sep 2016 08:55
(ShareCast News) - Past acquisitions drove a sharp increase in operating revenues at Curtis Banks Group, a provider of self-invested personal pensions (SIPPs) and small self-administered schemes (SSAS), even as the company adjusted to the impact from lower interest rates.Operating revenues increased by 44% at the half-year stage to £10.8m, while operating profits rose to £1.6m compared to £1.4m in 2015.According to the chairman, Chris Banks, growth in revenue and operating profits during the period reflected strong organic growth and the contributions from the pension books from Friends Life and the Zurich administration contract which completed in 2015.During the reporting period the company also acquired Suffolk Life, but its contribution to the company´s results was limited because the transaction only went through on 25 May.According to the board, the purchase of Suffolk Life in Ipswich was the firm's most "significant" one during the period.Curtis Banks said acquisition would boost revenues in the second half of 2016 and into 2017. When combined with the acquisition of Pointon York SIPP solutions in October 2014 it would also secure its position as the largest independent full SIPP provider in the UK.Furthermore, in July 2016 the company acquired of a book of 5,000 SIPPs from European Pensions Management bringing the total number of SIPPs currently administered by the Group to over 72,000.Out of that portfolio 67,161 were administered during the six months ending 30 June 2016 increasing from the 26,755 administered in the previous year. SASS pensions also went up from 297 in 2015 to 338 this year.Chairman Chris Banks said: "Curtis Banks has successfully integrated the previous acquisitions and is in a very strong position to continue as a specialist administrator in a changing market. We are all very optimistic about our prospects."Basic earnings per share were at 4.38p compared to 5p in the previous period."The recent BREXIT vote should have minimal effect on the operations of the Group. [...]," the company said."The recent reduction in interest rates will present challenges and therefore will put pressure on income. We have seen some easing of interest rates in recent weeks and whilst we are hopeful of retaining margins close to those that we are currently enjoying through a co-ordinated central treasury function, there will be an impact on revenues going forward."Nevertheless, Curtis considered the environment to be favourable for the growth strategy that was in place.As of 1034 BST the share price was falling 6.87% to 303p.
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7 Sep 2023 12:16
Curtis Banks fulfils regulatory requirements for takeover by Nucleus
(Sharecast News) - Curtis Banks updated the market on its agreed acquisition by Nucleus Financial Platforms on Thursday, having first announced it on 6 January.
Read more7 Sep 2023 12:07
IN BRIEF: Curtis Banks takeover by Nucleus cleared by UK regulator
Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - UK Competition & Markets Authority allows acquisition of Curtis Banks by Nucleus Financial Platforms Ltd, which offers an online platforms for the management of savings and investments. The CMA says the deal "does not qualify for investigation" under UK competition law. In response, Curtis Banks says all regulatory and anti-trust approvals for its acquisition by Nucleus now have been satisfied. It will seek a court sanction for the scheme of arrangement on September 21. Last dealings in its shares on AIM will be on September 25 with full cancellation on September 27. Back in January, Nucleus agreed to buy Curtis Banks for GBP242 million.
Read more19 Jul 2023 12:02
UK competition watchdog to probe Curtis Banks takeover by Nucleus
(Alliance News) - The UK Competition & Markets Authority on Wednesday said it started a phase 1 investigation into the acquisition of Curtis Banks Group PLC, a Bristol-based provider of self-invested personal pension, by Nucleus Clyde Acquisition Ltd.
Read more13 Jun 2023 15:54
UK shareholder meetings calendar - next 7 days
| Wednesday 14 June | |
| abrdn Property Income Trust Ltd | AGM |
| abrdn Smaller Companies Income Trust PLC | AGM |
| Andrews Sykes Group PLC | AGM |
| Aquila Energy Efficiency Trust PLC | AGM |
| Aurrigo International PLC | AGM |
| Brave Bison Group PLC | AGM |
| Christie Group PLC | AGM |
| Foresight Solar Fund Ltd | AGM |
| IGas Energy PLC | AGM |
| International Consolidated Airlines Group SA | AGM |
| Iofina PLC | AGM |
| James Fisher & Sons PLC | AGM |
| Liberty Global PLC | AGM |
| M&C Saatchi PLC | AGM |
| Octopus Titan VCT PLC | AGM |
| Petards Group PLC | AGM |
| Thursday 15 June | |
| Amaroq Minerals Ltd | AGM |
| Anexo Group PLC | AGM |
| ASA International Group PLC | AGM |
| Baillie Gifford China Growth Trust PLC | AGM |
| Chapel Down Group PLC | AGM |
| Directa Plus PLC | AGM |
| Everyman Media Group PLC | AGM |
| HC Slingsby PLC | AGM |
| Inspecs Group PLC | AGM |
| Informa PLC | AGM |
| IP Group PLC | AGM |
| LBG Media PLC | AGM |
| M&G Credit Income Investment Trust PLC | GM re amendment to the company's articles of association |
| Novacyt SA | AGM |
| OTAQ PLC | AGM |
| Parity Group PLC | AGM |
| PetroTal Corp | AGM |
| Pollen Street PLC | AGM |
| Shaftesbury Capital PLC | AGM |
| Southern Energy Corp | AGM |
| Friday 16 June | |
| Alpha Growth PLC | AGM |
| Anglo-Eastern Plantations PLC | AGM |
| Gulf Keystone Petroleum Ltd | AGM |
| John Lewis of Hungerford PLC | GM re proposed cancellation of admission to trading on AIM |
| Tesco PLC | AGM |
| Woodbois Ltd | AGM |
| Monday 19 June | |
| All ThingsConsidered Group PLC | AGM |
| Blackbird PLC | AGM |
| Finsbury Food Group PLC | AGM |
| Globalworth Real Estate Investments Ltd | AGM |
| Marlowe PLC | GM re proposed capital reduction |
| Metals Exploration PLC | AGM |
| Red Rock Resources PLC | GM re security conversion into shares for cash |
| Savannah Resources PLC | AGM |
| Tuesday 20 June | |
| Acceler8 Ventures PLC | AGM |
| Afentra PLC | AGM |
| Armadale Capital PLC | AGM |
| Bay Capital PLC | AGM |
| Blackrock Smaller Companies Trust PLC | AGM |
| Block Energy PLC | AGM |
| Corero Network Security PLC | AGM |
| Coro Energy PLC | AGM |
| Crimson Tide PLC | AGM |
| Curtis Banks Group PLC | AGM |
| EPE Special Opportunities Ltd | AGM |
| ICG-Longbow Senior Secured UK Property Debt Investments Ltd | AGM |
| Jersey Oil & Gas PLC | AGM |
| Kore Potash PLC | AGM |
| Lords Group Trading PLC | AGM |
| Mission Group PLC | AGM |
| North Atlantic Smaller Cos Investment Trust PLC | AGM |
| Red Capital PLC | AGM |
| Saga PLC | AGM |
| SDX Energy PLC | AGM |
| Skillcast Group PLC | AGM |
| Zegona Communications PLC | AGM |
| Copyright 2023 Alliance News Ltd. All Rights Reserved. | |
6 Jun 2023 10:14
IN BRIEF: Marwyn Value subsidiary hires former Curtis chief as CEO
Marwyn Value Investors Ltd - St Helier, Jersey-headquartered closed-ended investment company with investments including AdvancedAdvT Ltd, 450 PLC and Zegona Communications PLC - Says wholly owned subsidiary Marwyn Acquisition Company II Ltd has appointed Will Self as chief executive officer. MAC II was founded in July 2020 and is seeking acquisition opportunities in the financial services sector. Self previously was CEO at Curtis Banks Group PLC from January 2019 to October 2022. Before this he was CEO of Suffolk Life from July 2013 until its acquisition by Curtis in December 2018, at which point Self became deputy CEO at Curtis.
Read more4 May 2023 21:52
TRADING UPDATES: Landore narrows loss; PYX forecasts "strong" growth
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more27 Apr 2023 21:00
TRADING UPDATES: Profits rise for Panther Securities and Petrofac
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more28 Feb 2023 21:05
TRADING UPDATES: Eco Atlantic swings to loss; Curtis approves takeover
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more3 Feb 2023 21:15
TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more10 Jan 2023 13:32
Curtis Banks hire interim CEO, chair becomes non-executive chair
(Alliance News) - Curtis Banks Group PLC on Tuesday said it has appointed Peter Docherty as interim chief executive officer and as an executive director, pending regulatory approval.
Read more6 Jan 2023 10:37
Curtis Banks receives GBP242 million takeover offer from Nucleus
(Alliance News) - Curtis Banks Group PLC on Friday received a takeover offer from Nucleus Financial Platforms Ltd, the potential buyer said.
Read more23 Dec 2022 17:05
TRADING UPDATES: SulNOx raises funds; Synairgen shares trial results
(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 more25 Nov 2022 12:06
Curtis Banks says in talks over possible takeover by Nucleus Financial
(Alliance News) - Curtis Banks Group PLC said on Friday it is in advanced discussions with Nucleus Financial Platforms Ltd over a potential takeover offer.
Read more8 Sep 2022 11:13
AIM WINNERS & LOSERS: Warpaint soars on higher full-year expectations
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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