24 Feb 2015 16:07
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Don't have an account? Click here to register.Formation Group to list on rival ISDX
Thu, 15th Dec 2016 09:09
(ShareCast News) - Shares in AIM-listed Formation Group plummeted while the property developer lists on rival borse, the ICAP Securities and Derivatives Exchange (ISDX), in order to minimise costs.The company's 220.5m shares of 1p were admitted to ISDX to trade on Thursday and it will seek shareholder approval to cancel its shares on 4 January. AIM trading is expected to cease around 12 January.Formation Group decided ISDX would be more appropriate for the company due the costs of maintaining a quotation on AIM and the limited liquidity of its shares on the market.The East London headquartered company develops, invests and provides construction management services for medium and large scale building projects in the capital and the periphery.The company's property investment business has various joint venture deals, including with Aldgate Development for a site in Whitechapel and more recently, the Norwich House project.Its property development business, Formation Homes, bought a site in Iverson Road for £5.9m, which comprises of 19 residential units and one commercial unit.Shares in Formation Group were down 11.43% to 1.55p at 0951 GMT.
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24 Feb 2015 06:19
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20 Feb 2015 15:57
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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