24 Feb 2015 16:07
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Don't have an account? Click here to register.Formation flies after receiving Aldgate East payment
Wed, 11th Mar 2015 10:51
Shares in construction and property developer Formation Group jumped after the group said JV Finance Ventures has completed the payment of the final £2.8m it still owned in relation to the Aldgate East Property development.The AIM-listed company, which has a 36.88% interest in JV Finance Ventures, said it will use the amount received to purchase development properties or to fund its participation is similar ventures.JV Finance Ventures received a £18.4m from housebuilder Redrow in relation to the development, with Formation being subsequently paid a full and final settlement of £6.85m.The group said that £2.4m was invested in a property at 161 Iverson Road in London's West Hampstead in April last year, with an additional £610,000 being put towards to paying expenses and interest.Formation shares were up 21.21% to 2p at 11:02 on Wednesday.
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24 Feb 2015 06:19
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4 Jul 2014 14:22
Formation Group JV receives payment for Aldgate development
AIM-listed Formation Group jumped on Friday after announcing the money owed to its joint venture (JV), Finance Ventures, by Redrow in relation to the Aldgate East Property Development has been received. Formation, which holds a 36.88m stake in the JV, said it expects to receive £6.8m for its share
Read more30 May 2014 15:16
Formation Group posts wider half-year losses
Formation Group, a property development and project management company, posted a widening of first-half losses despite delivering a rise in revenue. The company, which has undergone a recent restructuring, posted half-year losses of £0.17m compared to £0.10m a year earlier, on revenue of £3.23m, w
Read more30 May 2014 11:46
UK MIDDAY BRIEFING: Fenner Slumps On Profit Warning
LONDON (Alliance News) - Polymer products manufacturer Fenner saw its shares plummet Friday, after it issued a profit warning that it blamed on a further deterioration in trading in the US and the loss of a profitable contract in Australia.
It is the biggest faller
30 May 2014 11:08
UK WINNERS & LOSERS: Smith & Nephew Leads FTSE 100 Risers Again
LONDON (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
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Smith & Nephew, up 2.2%. The medical technology company, which closed as the blue-chip inde
30 May 2014 10:11
Formation Group Appoints Former Irish Defence Minister As Chairman
LONDON (Alliance News) - Formation Group PLC Friday said it has appointed former Irish Minister for Defence William O'Dea as its non-executive chairman with immediate effect. O'Dea is a an Irish Fianna Fáil politician and a Teachta Dála, the equivalent of a member of parliament, for the Lim
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