CIN.L Share News (CIN)

City Of London In Talks With New Investors Who Could Take 50.1% Stake

Tuesday tips round-up: Glencore, Xstrata, Electrocomponents...

Lex in the Financial Times casts its eye over the long drawn-out Glencore/Xstrata saga and is not happy with Xstrata's behaviour. Xstrata's management looks to have held investors to ransom with its veiled threat to leave, yet it was technically the board that wanted a retention package. The £140m

City of London Group places 1.84m shares

Investment company City of London Group has placed just under 1.84m new ordinary shares at 70p each - a premium to the net asset value - representing 10 per cent of the current shares in issue. The placing raised just under £1.286m before costs, which will be used to develop the company's existing

City of London sees strong demand for trade finance business

Investment company City of London Group said its trade finance business continued to experience a strong demand for its services since the start of April, despite the disruption caused by the transition of its banking lines to Macquarie Bank. The new facility is now in place and is well-positioned

Sunday share tips: Renew Holdings, City of London Group, Banks

Maintenance work might not be glamorous, but in times of austerity a business whose work comes in regardless of economic conditions stands out from the crowd. Misunderstood Renew Holdings is widely associated with its 200-year history in construction, but this is misguided as the company is focused

Pearson chief sells £0.5m worth of shares

Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo

City Of London into the red, but NAV rises

City of London Group, the financial services group centred on specialist financing and alternative fund management, saw its net asset value (NAV) per share jump by 13.4% last year. NAV per share at the end of March stood at 87.8p, up from 77.4p a year earlier. In the year to 31 March the company s

Small caps round-up: Zoo Digital, City of London, Galleon...

Film software firm Zoo Digital posted a maiden interim profit in the half year to September as its main clients kept spending. Revenue was flat at $8.1m, but operating profit rose 36% to $880,000 reflecting a switch to higher margin work. Interim profits came in at $388,000 compared with a loss of

Derwent Valley executives sell

Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0

City Of London Group FY Pretax Profit GBP0.2M Vs GBP0.1M

LONDON (Dow Jones)--City Of London Group PLC (CIN.LN) said Wednesday that for the year ended March 31, it made a pretax profit of GBP0.2 million on revenue of GBP0.2 million MAIN FACTS: -Revenue GBP0.2 million (2009: GBP0.2 million) -Group operating profit of GBP248,422 (2009: GBP117,723