TEG.L Share News (TEG)

TEG.L Information

There is currently no data for TEG

Ten Entertainment profit and revenues rise as it expands estate

Wed, 20th Mar 2019 13:09

(Sharecast News) - Ten Entertainment posted a rise in full-year profit and revenue on Wednesday as it expands its estate.In the year to 30 December 2018, adjusted pre-tax profit was up 4% to Â£13.5m on revenue of Â£76.4m, up 7.5% on the previous year. Meanwhile, like-for-like sales were 2.7% higher during the year, which Ten said was a strong performance despite the record hot summer, which it reckons impacted LFL sales by around 2%.The company recommended a final dividend of 7.7p a share, taking the full-year dividend to 11p, up from 10p in 2017.Ten Entertainment, which successfully completed four site acquisitions during the period, also announced a conditional agreement to buy a site in Southport, which it said was a "well-established centre in an excellent location".Chief executive Duncan Garrood said: "This addition is further evidence of the group's ability to successfully execute its strategy as it continues to grow the estate through selective acquisition and by driving organic growth." The company said sales in the first 11 weeks of FY19 have started "positively", with LFL sales in the year to date of 5.1%.Chairman Nick Basing said: "We have had another good year on all key metrics and have substantially increased the dividend."Our simple two-pronged strategy of investing in driving organic growth and developing scale benefits through high returning acquisitions is proving increasingly successful."Despite the political and economic uncertainty currently, we are well placed to enjoy the latent consumer demand for our unique brand of experiential leisure across the country. "We anticipate further good growth and profitable progress this year."At 1305 GMT, the shares were up 2.3% to 220p.

More News

4 Jul 2014 07:31

TEG Group Confident For Future Prospects On Strong First Half

24 Apr 2014 13:55

TEG Biogas energy plant opens in East London

Energy group TEG Biogas announced its new energy plant in Dagenham, East London, which received financial backing by UK Green Investment Bank, has been opened and is operational. The renewable energy plant, which was opened on Wednesday by MP Vince Cable, is London's first anaerobic digestion and c

24 Apr 2014 12:58

The TEG Group's TEG Biogas Plant Opens In Dagenham

LONDON (Alliance News) - The TEG Group PLC Thursday said its biogas plant in Dagenham, east London, which received financial backing from the UK Green Investment Bank (GIB) is now in operation. The plant, the first project GIB invested in via its Foresight-managed fund, is London's first co

1 Apr 2014 09:23

The TEG Group Acquires Composting Operation From Glendale Recycling

LONDON (Alliance News) - The TEG Group PLC said Tuesday that it had acquired a composting operation at Hillbarton near Exeter from Glendale Recycling Ltd for a nominal initial consideration of GBP1. Glendale is a subsidiary of Parkwood Holdings PLC. The acquisition has a potential def

31 Mar 2014 12:50

REPEAT: UK MIDDAY BRIEFING: Babcock JV Wins GBP7 Billion Nuclear Contract

LONDON (Alliance News) - Babcock International Group is leading the FTSE 100 higher Monday after its Cavendish Fluor Partnership joint venture was selected as the preferred bidder for a GBP7 billion nuclear plant decommissioning contract.

The joint venture with Fluo

31 Mar 2014 12:45

UK MIDDAY BRIEFING: Babcock JV Wins GBP7 Billion Nuclear Contract

31 Mar 2014 10:35

UK WINNERS & LOSERS: Babcock Leads FTSE 100 Risers; Insurers Rebound

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

-------

FTSE 100 - WINNERS

Babcock International Group, up 3.5%. The company said its Cavendish Fluor Partnership has

31 Mar 2014 08:11

TEG Group Slides As Loss Widens; Says 2014 Off To Good Start

LONDON (Alliance News) - The TEG Group PLC saw its shares fall early Monday after it said its loss widened in 2013 as it was hit by exceptional provisions and a contract delay, although it said it was off to strong start in 2014. The developer of organic composting and green energy plants r

6 Mar 2014 08:40

TEG Group Jumps As It Hands Over New Dagenham Plant

LONDON (Alliance News) - The TEG Group PLC saw its shares rise strongly Thursday after it said it had handed over the composting and anaerobic digestion plant it built in Dagenham, East London, to its client TEG Biogas (London) Ltd, a joint venture in which it has a 24.5% stake. The company

31 Jan 2014 13:09

UK MIDDAY BRIEFING: FTSE100 Set For Worst January Since 2009

LONDON (Alliance News) - The FTSE 100 is set to post its worst January performance for five years after the global equities sell-off resumed Friday amid further concerns about slowing growth in emerging markets and some poor corporate reports in Europe and the US.

The main London in

31 Jan 2014 11:45

UK WINNERS & LOSERS: Diageo Continues To Lead Blue-Chip Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Imperial Tobacco Group, up 2.5%. The tobacco giant is the leading gainer in the FTSE 100 after Goldman Sachs raised it to Con

31 Jan 2014 10:45

TEG Group reveals 'disappointing' second half

Green technology firm TEG Group declined on Friday after saying it had experienced a 'disappointing' second half as a result of a number of one-off administrative charges and a delay in closing the Gaydon project. The group was unable to reach financial close on the project by the end of 2013, as

31 Jan 2014 10:33

TEG Group Says 2013 Trading In Line With Expectations

LONDON (Alliance News) - Green technology business The TEG Group PLC Friday said trading for 2013 was broadly in line with expectations as it progressed with a number of contracts. The company, which develops and operates organic composting and energy plants, said trading in its operations

31 Jan 2014 08:22

UK MORNING BRIEFING: BT Earnings Give London Shares Positive Open

LONDON (Alliance News) - A strong earnings report from BT Group has helped lift UK shares at the open Friday. The FTSE 100 telecom stock is up 3.7% at 384.60 pence.

Brokers are providing their take on Thursday's corporate news makers, with Goldman Sach cutting Read more

18 Jun 2013 07:59

TEG Group subsidiary secures waste management contract

TEG Environmental, a subsidiary of AIM-listed organic waste management company The TEG Group has been awarded a new contract by Perth and Kinross Council for the treatment of co-mingled food and green waste, green waste and food waste at its In Vessel Composting (IVC) and Anaerobic Digestion (AD) pl

Latest Share Chat

TEG.L Share News (TEG)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ten Entertainment profit and revenues rise as it expands estate

Login to your account

Quickpicks are a member only feature

Login to your account