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Share Price Information for Fuller Smith & Turner (FSTA)

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Share Price: 716.00
Bid: 718.00
Ask: 724.00
Change: -12.00 (-1.65%)
Spread: 6.00 (0.836%)
Open: 720.00
High: 736.00
Low: 716.00
Prev. Close: 728.00
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LONDON MORNING BRIEFING: Vodafone Confirms Asset Talks With Liberty

Fri, 05th Jun 2015 07:26

LONDON (Alliance News) - A new twist to the Greek debt drama has depressed European stock prices at the London open Friday, but the euro is showing surprising strength after a positive reading on German factory orders.

In Frankfurt, the DAX 30 stock index is down 0.9%, as is the CAC 40 in Paris.

Vodafone is the top FTSE 100 gainer in early deals, up 1.1%, after the mobile phone company confirmed it is in early talks with cable company Liberty Global about a possible asset exchange, but said it is not discussing any potential merger with the company.

Shares in the oil companies involved in the Horse Hill project near Gatwick Airport are higher after saying an independent assessment has increased the oil in place estimate. The shares of the six companies had been suspended Thursday pending the announcement.

Here is what you need to know at the London market open:
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MARKETS
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FTSE 100: down 0.5% at 6,825.69
FTSE 250: down 0.5% at 17,995.66
AIM ALL-SHARE: down 0.2% at 775.52
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Hang Seng: down 0.8% at 27,325.91
Nikkei 225: closed down 0.1% at 20,460.90
DJIA: closed down 0.9% at 17,905.58
S&P 500: closed down 0.9% at 2,095.84
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GBP: down at USD1.5326
EUR: up at USD1.1248

GOLD: down at USD1,175.11 per ounce
OIL (Brent): down at USD61.48 a barrel

(changes since end of previous GMT day)
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ECONOMICS AND GENERAL
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Friday's Key Economic Events still to come
(all times in BST)

OPEC meeting
09:30 UK Consumer Inflation Expectations
10:00 EU Gross Domestic Product
13:30 US Nonfarm Payrolls, Unemployment Rate, Average Earnings
13:30 Canada Unemployment Rate, Participation, Labor Productivity
17:30 US Fed's William Dudley speech
20:00 US Consumer Credit Change
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The Greek government hardened its stance toward international creditors' reform proposals after high-level talks failed to produce a deal for the country to gain access to much-needed money to avoid default. A proposal presented by the International Monetary Fund and European institutions "contains extreme positions that cannot be accepted by the Greek government," the statement from Athens said late Thursday, a day after a Brussels meeting a day earlier with the international creditors. Greece said the creditors "have not taken a step back, independently of the fact that over the past four months the two sides had converged on reforms, which the Greek government included in its own proposal." The statement came after Greece delayed a key debt repayment of about EUR300 million due Friday to the IMF. The Washington-based crisis lender said Thursday that Greek authorities had declared their plans to bundle four payments due this month into a single EUR1.6 billion lump sum now due on June 30.
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The British Chambers of Commerce downgraded its UK growth projection for this year citing weaker than expected expansion in the first quarter. The business lobby expects the economy to expand 2.3% this year instead of 2.7%. Nonetheless, the slowdown is expected to be temporary. The prospects for the medium term remains steady with growth projected to be 2.6% next year and 2017.
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Permanent job placements in the UK increased further in May, although the rate of growth eased to a four-month low, the Report on Jobs produced by Markit Economics on behalf of the Recruitment and Employment Confederation and KPMG showed. The number of people placed in permanent jobs continued to increase in May but the pace of expansion slowed, reflecting a weaker growth in demand for staff, with the latest rate of increase the slowest in 2015 so far.
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Germany's factory order growth exceeded expectations in April helped by foreign demand, data from Destatis revealed. Factory orders increased 1.4% month-on-month, faster than a 0.5% rise forecast by economists. It was also the fastest growth since December, when it was 3.3%.
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The EU said the heavy fighting around Mariyinka, near Donetsk, in Eastern Ukraine is the most serious violation of the ceasefire under the Minsk agreements since February. The escalation followed the movement of a large amount of heavy weapons towards the contact line by the Russia-backed separatists, as reported by the Organisation for Security and Co-operation in Europe Special Monitoring Mission. Renewed intense fighting risks unleashing a new spiral of violence and human suffering, said Maja Kocijancic, chief spokesperson for Federica Mogherini - the EU's chief of security and defense policy.
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The European Commission adopted an implementing act that will extend the transitional period for capital requirements for EU banking groups' exposures to central counterparties (CCPs) under the Capital Requirements Regulation (CRR). CCPs are commercial entities interposed between the two counterparties to a transaction, becoming the buyer to every seller and the seller to every buyer. The main purpose of a CCP is to manage the risk that could arise if one counterparty is not able to make the required payments when they are due - i.e. defaults on the deal. The CRR introduced a capital requirement for the exposure of EU banks and their subsidiaries to a CCP. The current transitional period expires on June 15. The European Commission's implementing act will now extend the transitional phase to December 15.
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Salvage workers were attempting to right a capsized Chinese cruise ship early Friday, state television reported, with over 300 people still missing after it sank four days ago. The starboard side of the Eastern Star, which capsized late Monday in bad weather, was visible above the water, the report said. The confirmed death toll stood at 82 early Friday, the official Xinhua news agency reported. Fourteen people have been rescued. Cranes capable of lifting the ship are being used to right the vessel.
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BROKER RATING CHANGES
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HSBC RAISES LLOYDS TO 'BUY' ('HOLD') - TARGET 103 (87) PENCE
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HSBC STARTS AB FOODS WITH 'BUY' - PRICE TARGET 3680 PENCE
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TRADERS: NUMIS CUTS BETFAIR TO 'SELL' ('REDUCE')
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COMPANIES - FTSE 100
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Lloyds Banking Group took action on bonuses for its executives after being fined GBP117 million by UK regulators over the way it handled complaints relating to the payment protection insurance mis-selling scandal. According to the UK's Financial Conduct Authority, the fine was the largest retail fine that it has ever issued. In a statement, Lloyds said awarded but unvested bonuses amounting to about GBP2.65 million in total will be forfeited by executives, while its Remuneration Committee has decided to cut the bonus pool for 2015 by about GBP30 million.
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Vodafone Group said it is in early talks with cable company Liberty Global about a possible asset exchange, but said it is not discussing any potential merger with the company. Media reports on Thursday said that Vodafone and Liberty Global were holding merger talks. Vodafone confirmed Friday the pair are in early talks about the possible exchange of selected assets, but said it is not in talks with the company about a merger. Vodafone added there is no certainty a deal will be made.
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COMPANIES - FTSE 250
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Halfords Group reported growth in profit in its recently-ended financial year as sales performed strongly in both its Retail and Autocentres divisions. The car parts and bicycle retailer reported a pretax profit in the 53 weeks to April 3 of GBP83.8 million and GBP80.8 million in the 52 weeks to March 27, up from the GBP72.6 million reported in the 52-week period the prior year, as revenue rose to GBP1 billion from GBP939.7 million. Like-for-like sales grew 6.8%. Halfords will pay a dividend of 16.5 pence, up 15% from the 14.3p paid the year before.
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Bellway said it expects its housing completions to rise at the close of its financial year, with its operating margin set to improve and its forward sales book strengthening. The housebuilder said it expects housing completion for the year to the end of July to be around 850 units higher than the 6,851 it reported a year earlier. The company said its full-year operating margin should improve by around 300 basis points to over 20% in the year, up from 17.2% a year earlier. Bellway also said its forward sales position going into the new financial year is set to be around 22% higher in value year-on-year at GBP1.27 billion, up from GBP1.04 billion at the end of its 2014 financial year.
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COMPANIES - LONDON MAIN MARKET AND AIM
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Shares in the oil and gas companies involved in the Horse Hill project in the Weald Basin, southern England, resume trading Friday after they received a report from oil services company Schlumberger which upgrades the oil in place estimate for the project. UK Oil & Gas Investments, Evocutis, Stellar Resources, Solo Oil, Doriemus and Alba Mineral Resources said that Schlumberger has estimated a gross overall oil in place for the Jurassic section of the Horse Hill-1 well of approximately 271 million barrels of oil per square mile. The 255 million barrel estimate for the tight limestone and mudstone plays compares to the oil in place estimate the companies received in April from Nutech Ltd, which estimated the total oil in place at 158 million barrels per square mile.
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Aer Lingus Group said its traffic in May increased on the back of a recovery in its short-haul performance and better long-haul figures. The Irish flag carrier, which reports traffic figures measured in revenue passenger kilometres, said traffic rose by 6.8% in the month to 1.7 billion revenue passenger kilometres, from 1.59 billion a year earlier. It marks an improvement on its April numbers. The airline also saw an improvement in its load factor in the month, up by 1.7 percentage points to 80.4% from 78.7% a year earlier.
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Fuller, Smith & Turner reported growth in profit in its recently-ended financial year as revenue grew in all three sectors of the business, and said it has made a good start to the current year as it continues to invest in its estate and develop its brands. The pubs and brewing company reported a pretax profit in the year to March 28 of GBP36.1 million, up from the GBP33.5 million reported the prior year, as revenue grew to GBP321.5 million from GBP288 million. Fuller will pay a total annual dividend of 16.60 pence, up 10%.
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Hochschild Mining said the processing plant at the Inmaculada project in southern Peru is operating at about 80% of its capacity, with the company announcing first dore production at the gold and silver project. In a statement, the company said the processing plant is operating in line with its commissioning schedule. It is expected to "ramp up to design capacity in the next few weeks".
----------
Rare Earth Minerals and Bacanora Minerals outlined the plans the pair have for the Sonora lithium project in Mexico. The companies said that in the second half of the year, Bacanora will start an expansion and infill drilling programme at Sonora, which is expected to be followed by a further mineral resource update and mining design and scheduling for the site.
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Egdon Resources and Union Jack Oil said they have struck deals with Celtique Energie Petroleum Ltd to increase their stakes in the PEDL241 licence in Lincolnshire. Egdon has acquired a further 40% stake in the licence for a nominal consideration, increasing its total stake to 80%. Union Jack also has doubled its stake in the licence, acquiring a further 10% to bring its total interest to 20%, also for a nominal fee.
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UTV Media said it has agreed a deal to sell its Juice FM business to Global Radio Holdings Ltd, a subsidiary of This is Global Ltd, for GBP10 million. Juice FM is UTV's Liverpool-based radio station.
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COMPANIES - INTERNATIONAL
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Global food giant Nestle said it will withdraw its popular Maggi brand of instant noodles from shop shelves in India. "Unfounded concerns about the product have led to an environment of confusion for the consumer," Nestle India said in a press release. "We have decided to withdraw the product off the shelves, despite the product being safe," the statement said. Shops and markets in India had already begun withdrawing packets of the noodles earlier in the week after tests showed the product contained high levels of lead and monosodium glutamate, a flavour enhancer. The Delhi government banned sale of Maggi brand noodles for 15 days after tests revealed lead over permissible limits in over 75% of the samples collected. Nestle said its own tests showed lead levels within safety limits. A company spokesman said no MSG was added to noodles sold in India, but the product glutamate occurred naturally in other ingredients used.
----------
Hewlett-Packard was nearing a deal to acquire Computer Sciences last month until the talks broke down, Bloomberg reported people with knowledge of the matter said. Hewlett-Packard, which worked on the potential Computer Sciences purchase for several months, doesn't intend to revisit talks with the company, the report said.
----------
Yahoo! said that it will shut down a few of its services, including Yahoo Maps, as it focuses on search, communications and digital content. The Yahoo Maps site will close at the end of June.
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Friday's Scheduled AGMs/EGMs

Volga Gas
EU Supply
MP Evans Group
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By Tom Waite; thomaslwaite@alliancenews.com; @thomaslwaite

Copyright 2015 Alliance News Limited. All Rights Reserved.

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13 Jun 2024 11:10

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13 Jun 2024 07:52

Fuller Smith & Turner lifts dividend, unveils new buyback

(Sharecast News) - Pub and hotel operator Fuller, Smith & Turner hiked its annual dividend by a fifth and announced a new share buyback after a strong performance in the year to 30 March, in which adjusted profits surged 61%.

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6 Jun 2024 14:55

UK earnings, trading statements calendar - next 7 days

Friday 7 June 
Ondine Biomedical IncFull Year Results
Monday 10 June 
no events scheduled 
Tuesday 11 June 
Bellway PLCTrading Statement
Eckoh PLCFull Year Results
FirstGroup PLCFull Year Results
GB Group PLCFull Year Results
Idox PLCHalf Year Results
Iomart Group PLCFull Year Results
Lindsell Train Investment Trust PLCFull Year Results
Oxford Instruments PLCFull Year Results
Oxford Metrics PLCHalf Year Results
Wednesday 12 June 
Castings PLCFull Year Results
Molten Ventures PLCHalf Year Results
RWS Holdings PLCHalf Year Results
Safestore Holdings PLCHalf Year Results
Thursday 13 June 
Crest Nicholson PLCHalf Year Results
Fuller, Smith & Turner PLCFull Year Results
Halma PLCFull Year Results
Motorpoint Group PLCFull Year Results
Norcros PLCFull Year Results
Origin Enterprises PLCTrading Statement
PayPoint PLCFull Year Results
Virgin Money UK PLCHalf Year Results
Wise PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
29 May 2024 10:59

Fuller's sells 37 pubs to Admiral Taverns for GBP18 million

(Alliance News) - Fuller, Smith & Turner PLC on Wednesday said that it had sold a portion of its pub portfolio at a significant premium, the proceeds of which could support future acquisition opportunities by the company.

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29 May 2024 08:28

Fuller Smith & Turner sells 37 pubs to Admiral Taverns

(Sharecast News) - Pubs and hotels group Fuller, Smith & Turner has announced the sale of 37 pubs to Admiral Taverns for £18.3m as it looks to bolster its balance sheet.

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9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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26 Mar 2024 12:46

EARNINGS AND TRADING: Michelmersh profit up; Journeo wins bus deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on this week and Friday and not separately reported by Alliance News:

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25 Jan 2024 11:51

Fuller, Smith & Turner set to beat 2022 results after festive success

(Alliance News) - Fuller, Smith & Turner on Thursday said it had delivered solid sales over the Christmas and New Year period, putting it on track to surpass last year's revenue and profit figures.

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25 Jan 2024 10:15

Fuller's backs FY expectations after 'particularly strong' festive sales

(Sharecast News) - Pub chain Fuller, Smith & Turner backed its full-year expectations on Thursday as it hailed "particularly strong" sales over Christmas and the new year.

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25 Jan 2024 09:58

SMALL-CAP WINNERS & LOSERS: Strong festive trading for Fuller's pubs

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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22 Jan 2024 13:33

Director dealings: Fullers non-exec's trust buys shares, Hollywood Bowl chair sells

(Sharecast News) - In director dealings disclosed on Monday, Fuller, Smith & Turner reported a purchase linked to a non-executive director, and Hollywood Bowl updated the market on sales made by its chairman.

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18 Jan 2024 16:28

UK earnings, trading statements calendar - next 7 days

Friday 19 January 
4imprint Group PLCTrading Statement
Close Brothers Group PLCTrading Statement
Deliveroo PLCTrading Statement
DFS Furniture PLCTrading Statement
Petershill Partners PLCTrading Statement
S4 Capital PLCTrading Statement
Spirent Communications PLCTrading Statement
Monday 22 January 
Baillie Gifford US Growth Trust PLCHalf Year Results
City of London Investment Group PLCTrading Statement
Edinburgh Worldwide Investment Trust PLCFull Year Results
Polar Capital Global Financials Trust PLCFull Year Results
Tuesday 23 January 
Aptitude Software Group PLCTrading Statement
Associated British Foods PLCTrading Statement
CC Japan Income & Growth Trust PLCFull Year Results
Crest Nicholson Holdings PLCFull Year Results
FireAngel Safety Technology Group PLCTrading Statement
Henry Boot PLCTrading Statement
Ilika PLCHalf Year Results
Marston's PLCTrading Statement
Premier Foods PLCTrading Statement
Staffline Group PLCTrading Statement
Velocity Composites PLCFull Year Results
Watkin Jones PLCFull Year Results
Wednesday 24 January 
Britvic PLCTrading Statement
Computacenter PLCTrading Statement
Fresnillo PLCTrading Statement
Hargreaves Services PLCHalf Year Results
Hochschild Mining PLCTrading Statement
JD Wetherspoon PLCHalf Year Results
Lords Group Trading PLCFull Year Results
PayPoint PLCTrading Statement
PensionBee Group PLCTrading Statement
Quilter PLCTrading Statement
TI Fluid Systems PLCTrading Statement
Watkin Jones PLCFull Year Results
Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
7 Dec 2023 14:30

UK dividends calendar - next 7 days

Friday 8 December 
Ashmore Group PLCdividend payment date
CVS Group PLCdividend payment date
Galliford Try Holdings PLCdividend payment date
Games Workshop Group PLCex-dividend payment date
Genus PLCdividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCdividend payment date
Majedie Investments PLCdividend payment date
NCC Group PLCdividend payment date
Schroder Japan Trust PLCdividend payment date
SThree PLCdividend payment date
Tatton Asset Management PLCdividend payment date
Unilever PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Whitbread PLCdividend payment date
Young & Co's Brewery PLCdividend payment date
Monday 11 December 
Asian Energy Impact Trust PLCdividend payment date
YouGov PLCdividend payment date
Tuesday 12 December 
Brunner Investment Trust PLCdividend payment date
Pan African Resources PLCdividend payment date
Wednesday 13 December 
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Thursday 14 December 
Associated British Foods PLCspecial ex-dividend payment date
Associated British Foods PLCex-dividend payment date
Baltic Classifieds Group PLCex-dividend payment date
Barings Emerging EMEA Opportunities PLCex-dividend payment date
BlackRock Energy & Resources Income Trust PLCex-dividend payment date
Burberry Group PLCex-dividend payment date
Caffyns PLCex-dividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
Cranswick PLCex-dividend payment date
Crystal Amber Fund Ltdex-dividend payment date
discoverIE Group PLCex-dividend payment date
DS Smith PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fuller, Smith & Turner PLCex-dividend payment date
Halfords Group PLCex-dividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
Impellam Group PLCex-dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCex-dividend payment date
Mitie Group PLCex-dividend payment date
Murray Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Polar Capital Holdings PLCex-dividend payment date
Redde Northgate PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
Sirius Real Estate Ltdex-dividend payment date
Templeton Emerging Markets Investment Trust PLCex-dividend payment date
Town Centre Securities PLCex-dividend payment date
TR Property Investment Trust PLCex-dividend payment date
Triad Group PLCex-dividend payment date
Tritax EuroBox PLCex-dividend payment date
Vertu Motors PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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17 Nov 2023 10:32

IN BRIEF: Fuller's picks Numis to run buyback of 1 million shares

Fuller, Smith & Turner PLC - London-based pub chain - Selects Numis Securities Ltd, part of Deutsche Bank AG, to conduct the share buyback that Fuller's had announced with its interim results on Wednesday. Fuller's doesn't set any timeframe for the buyback of up to 1 million shares. Says the buyback is aimed at increasing earnings per share. It "reflects the board's view that the current share price continues to represent a significant discount to the company's underlying net asset value". The buyback is in addition to a 6.63 pence interim dividend that Fuller's declared on Wednesday.

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16 Nov 2023 09:59

SMALL-CAP WINNERS & LOSERS: Norcros to deliver on market expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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