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LONDON (Alliance News) - Property development and project management business Formation Group PLC Friday said its losses widened in the first half, as its cost of sales ballooned and gross profit margin narrowed. The company, which operates from offices in Hackney, east London, posted preta
Read moreLONDON (Alliance News) - Formation Group PLC Tuesday said it has received an additional GBP1.0 million it was owed from its investment in a mixed-use development near Aldgate East tube station, London, bringing the total it has received to date to GBP1.6 million. In March, Formation Group s
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A subsidiary of AIM-listed construction and property firm Formation Group has exchanged on the purchase of a development site in London for a consideration of 5.9m pounds. A 10% deposit has been paid on the exchange, with the balance payable on completion in October. The development consists of 1
Read moreLONDON (Alliance News) - Formation Group PLC Friday said that its subsidiary Formation Homes London Ltd has exchanged contracts to acquire a development site on Iverson Road in North West London for GBP5.9 million. The construction, property development and management firm said the developm
Read moreLONDON (Alliance News) - Formation Group PLC said Thursday it has sold 16,497,258 treasury shares, approximately 7.48% of its issued share capital, to related party, Kennedy Private Trust Company. Formation shares were sold at 1.90 pence per share - the market close price March 24, 2014 - r
Read moreLONDON (Alliance News) - BG Group Friday said changes to the North Sea investment and tax regime set out in the UK Budget earlier in the week will now allow it to develop its Jackdaw high pressure high temperature project in the North Sea.
According to the Treasury,
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Meggitt, up 1.2%. UBS has upgraded the engineering company to Buy, from Neutral, and increased its price target to 530.00 pen
Read moreShares in AIM-listed Formation Group leapt on Friday after the company announced an agreement had been struck that will enable Julius Properties to repay a loan to JV Finance Ventures, in which Formation has a 36.9 per cent interest. The agreement was reached between Julius and Redrow, the housebu
Read moreLONDON (Alliance News) - Formation Group PLC saw its shares jump to lead the AIM market Friday as the firm said an agreement has been reached between Julius Properties Ltd and housebuilder Redrow PLC over a title issue relating to a mixed use development near Aldgate East tube station, London.Read more
(Correcting an item published at 10:29 GMT February 28 2014 which misstated a profit figure. The correct version follows) LONDON (Alliance News) - Shares in Formation Group PLC have jumped Friday after the firm reported a 148% rise in group revenues as the London property market continues t
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
Old Mutual, up 5.1%. The life-insurance and investment company said its 2
LONDON (Alliance News) - Shares in Formation Group PLC have jumped Friday after the firm reported a 148% rise in group revenues as the London property market continues to strengthen. Formation said group revenues were boosted to GBP5.8 million from GBP2.4 million, a 148% rise, attributed to
Read moreLONDON (Alliance News) - Formation Group PLC saw its shares rise Friday after it said it had received GBP501,000 from its profit sharing agreement on a property in Commercial Road, London, and had used the money to reduce its working capital loan with the Kennedy Family Discretionary Settlement.<
Read moreLONDON (Alliance News) - Construction and property development and management business Formation Group PLC Wednesday said JV Finance Ventures Ltd is being sued by Redrow PLC subsidiaries, although JV Finance Ventures will counterclaim. Formation Group holds a 36.88% stake in JV Finance Vent
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The FTSE Small Caps Index is down 0.3 percent in mid-session trade, outpacing a bigger decline of 1.1 percent on the blue-chip FTSE 100 index while the FTSE 250 mid-cap index is down 0.9 percent. The FTSE Aim All Share Index is flat. Investment trusts exposed to Japanese equities are
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