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Reach4Entertainment secures new agreement on lending facilities

Tue, 08th Apr 2014 09:44

Integrated media business company Reach4Entertainment cheered investors on Tuesday by announcing the completion of a bank refinancing. The new agreement has a six-year term and a new interest rate of 3% above LIBOR on its £14.8m revolving credit facility. The first repayment of £0.2m is due in April 2015. The previous agreement, which had been due to expire in May next year, had a higher interest rate at 4% above LIBOR and would have risen to 5% from April 26th. As a result of this reduction, the group expects to save around £0.22m in the 2014 calander year. The share price jumped strongly early on, although eased back to a rise of 4.43% to 6.01p by 09:55 on Tuesday.NR
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20 Jun 2014 07:15

Strength On Broadway Shows Lifts Reach4Entertainment

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10 Apr 2014 10:57

UK WINNERS & LOSERS: M&S, WH Smith Drop Sharply After Early Strength

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- Resolution, up 1%. The firm said its insurance and pensions provider Friends Life is scrapping active member

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10 Apr 2014 09:40

reach4entertainment Confident For 2014 As Profit Jumps In 2013

LONDON (Alliance News) - reach4entertaiment enterprises PLC Thursday expressed confidence for further progress in 2014 and beyond, as it saw pretax profit nearly double in 2013. reach4entertainment is a media, marketing and event management company with operations in the New York and London

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8 Apr 2014 07:47

reach4entertainment To Save GBP220,000 From Bank Refinancing

LONDON (Alliance News) - reach4entertainment Enterprises PLC Tuesday said it expects to save about GBP220,000 in interest over 2014 after completing a bank refinancing with Allied Irish Bank Group (UK) PLC. In a statement, reach4entertainment said covenants have been agreed for a six-year t

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8 Apr 2014 07:29

UK MORNING BRIEFING: Bob Diamond Recruits CEO From Barclays

LONDON (Alliance News) - UK shares have opened lower Tuesday on a weak lead from the US and renewed concerns about Ukraine.

Barclays PLC has reached a settlement with Guardian Care Homes ahead of a court case that was being seen as the measure of whether customers w

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7 Feb 2014 17:17

CORRECT: Reach4entertainment Expects FY In Line; Targets Expansion

[Correcting the name of the recently announced initiative] LONDON (Alliance News) - Reach4entertainment Enterprises PLC Thursday said its performance improved over the course of its financial year and will therefore report results for the full-year in line with market expectations. In

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6 Feb 2014 12:13

Reach4entertainment Expects FY In Line; Targets Expansion

LONDON (Alliance News) - Reach4entertainment Enterprises PLC Thursday said its performance improved over the course of its financial year and will therefore report results for the full-year in line with market expectations. In a year end trading update ahead of its full-year results - to be

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6 Feb 2014 11:45

UK WINNERS & LOSERS: EasyJet And TUI Travel In Different Directions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

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FTSE 100 - WINNERS

Vodafone, up 2.9%. The telecommunications company has confirmed its ful

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6 Feb 2014 08:32

UK MORNING BRIEFING: Vodafone Gains, AstraZeneca Falls At Open

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

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6 Feb 2014 08:31

UK MORNING BRIEFING:

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

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23 Jan 2014 10:25

Reach4Entertainment Shares Rise As It Is Granted 17% Stake In Stage17

LONDON (Alliance News) - Shares in Reach4entertainment Enterprises PLC soared Thursday morning after it said it has been granted a 17% stake in digital theatre and arts entertainment platform Stage17 Inc, to support development. Stage 17 has been funded and developed by Stoller Family Partn

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25 Nov 2013 11:52

UK WINNERS & LOSERS: Airlines Soar, Oil Producers Slip After Iran Deal

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25 Nov 2013 10:31

Reach4entertainment Confident To Meet Full-Year Expectations On Improved Second Half

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25 Nov 2013 07:59

AIM IN BRIEF: UBC Media Confirms Agreement To Acquire 7digital

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