15 Mar 2018 15:48
UK Earnings, Trading Statements Calendar - Next 7 Days
Friday 16 March MITIE GroupTrading Statement JD WetherspoonHalf Year 19 Technologies
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Don't have an account? Click here to register.Sanne profits and revenue rise as EMEA, US perform strongly
Fri, 22nd Mar 2019 07:39
(Sharecast News) - Sanne, a provider of alternative asset and corporate services, posted a rise in full-year profit and revenue on Friday thanks to strong performances from its core businesses, particularly in EMEA and the US.In the year to the end of December 2018, underlying pre-tax profit pushed up 11.8% to £42.6m on revenue of £143m, up 26.4% from 2017. This was driven by strong new business wins and growth in the company's alternatives and corporate businesses, which more than offset headwinds in the hedge and private client segments.The EMEA and North America alternatives segments delivered organic growth of 16.3% and 16.1% respectively, while the Asia-Pacific and Mauritius business saw organic growth of 12.2%.Sanne recommended a final dividend of 9.2p a share compared to 8.4p a year earlier, taking the total dividend for the year to 13.8p, up from 12.6p.Chief executive officer Dean Goodwin said: "2018 was a significant year of growth and evolution for Sanne. Our core businesses continued to perform strongly, particularly in EMEA and the US, and we are encouraged to see the momentum building in Asia-Pacific Mauritius. Importantly, Sanne is now a business with a truly global platform and with a growing presence in the world's most attractive regions."Sanne said good momentum in the alternatives and corporate businesses - which account for 86% of group revenues - positions it well for further growth in 2019, along with a strong market backdrop. The group expects to see an improvement in underlying operating profit margin this year and said it remains confident in its medium and long-term prospects.
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15 Feb 2017 09:21
Wednesday broker round-up
(ShareCast News) - William Hill: HSBC downgrades to Reduce with a target price of 255p. Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p. JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p. Acacia: Jefferies reiterates Buy with a target price of 575p.
Read more9 Feb 2017 10:33
Berenberg tips Asos and Scapa among 15 small and mid-cap stock picks
(ShareCast News) - Analysts at Berenberg have selected a 'top 15' stock picks from their global small and mid-cap universe, including London-listed Asos, CVS, Greencore, Sanne Group and Scapa. After last year's mixed market performance, Berenberg sees 2017 as promising both significant economic oppo
Read more7 Feb 2017 15:10
Tuesday broker round-up
(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be
Read more30 Nov 2016 10:25
Sanne to acquire International Financial Services
(ShareCast News) - Sanne, a specialist provider of outsourced corporate, fund and private client administration, reporting and fiduciary services, has entered into an agreement to acquire International Financial Services (IFS) and its trustees for a consideration of around $127.3m. The consideration
Read more15 Sep 2016 13:57
Thursday broker round-up
(ShareCast News) - Sanne Group: Berenberg reiterates buy with a target price of 600p. Vodafone: Barclays reiterates overweight, 260p target. Petrofac: Jefferies downgrades to hold with a 800p target. Anglo American: JP Morgan reiterates overweight with a 1150p target. RPC Group: Berenberg stays a
Read more8 Sep 2016 15:12
7 Sep 2016 14:38
Sanne Group posts impressive rise in first half earnings
(ShareCast News) - Sanne Group posted its interim results for the six months to 30 June on Wednesday, with revenue rising 31% to £27.6m and underlying operating profit improving 30% to £10.3m. The London-listed firm's operating profit rose £10m to £8.3m, turning around the £1.7m operating loss in th
Read more5 Aug 2016 11:35
Sanne confident of growth after Brexit due to business wins
(ShareCast News) - Finance administration outsourcer Sanne said despite Bexit uncertainty, new business wins and a new acquisition gives it confidence for future growth. In a trading update for the six months ended 30 June, the company won business from new and existing clients for about £6.5m on a
Read more13 Jun 2016 11:03
9 Jun 2016 11:06