Thg Share News (THG)

UK MIDDAY BRIEFING: BP Profit Down, But Payout Up Again

LONDON (Alliance News) - BP Tuesday said its pretax profit fell 73% in the first quarter, due to lower revenues and after last year's result was buoyed by the sale of its stake in TNK-BP, but it raised its quarterly dividend for the second time in six months and said further s

UK WINNERS & LOSERS: Experian Up And Intertek Down As CFO Switches

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Shire, up 3.6%. The pharmaceutical company is the leading riser in the blue-c

Urban&Civic To Reverse Into Terrace Hill And Raise GBP170 Million

LONDON (Alliance News) - Property investor Terrace Hill Group PLC Monday said it will acquire unlisted property group Urban&Civic in a reverse takeover and be renamed Urban&Civic PLC. The new group also plans to raise GBP170 million through a placing of 75.6 million shares priced at 225 pen

UK MORNING BRIEFING: AstraZeneca Leads Gainers On Pfizer Interest

LONDON (Alliance News) - AstraZeneca is once again leading UK blue chips higher Monday, after US drugs giant Pfizer Inc confirmed that it has now twice approached its British peer with a takeover proposal, most recently on Saturday. Pfizer said it is still considering its opti

Terrace Hill profits sink after 'transformational year'

AIM-listed property firm Terrace Hill Group (THG) reported a significant fall in annual profits during a 'transformational year' as it moves away from residential and into the commercial markets. The firm reported a profit before tax, including discontinued operations, of £6.2m for the 12 months to

Terrace Hill To Develop Foodstore At North Yorkshire Site

Terrace Hill pares back debt and focuses on supermarkets

Property developer Terrace Hill slashed debts as it sold off most of its residential assets in the first half of the year to begin a new focus on developing stores for major supermarket groups. The AIM group saw triple net asset value (TNAV) increase 4.6% to 28.1p by the end of the six months to 31

Vectura director exercises options after milestone payment

Shares of Cambridge-based Vectura rose after it confirmed the Japanese government has approved its Seebri inhalation capsules used in inhaler devices. The shares rose 2p to 86.5p, on news that government clearance will trigger a £2.5m milestone payment for Vectura from its partner Novartis. Whethe

M&A round-up: Terrace Hill, Plus Markets, Sweett ...

Terrace Hill Group, a leading UK property development and investment group, has announced the conditional acquisition of a foodstore and residential development site in Midsomer Norton, Somerset, and reported good progress with three other foodstore developments around the country. The acquisition w

Fidessa Chairman tops up after share price tumble

Shares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble. Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake

Another director dealing for Dunelm; AZ Electronic tech officer makes sale

Donna Wharton, wife of Nick Wharton, the Chief Executive of homewares firm Dunelm, has topped up her stake in the company with 9,500 shares. Wharton's purchase, which saw her buy the shares at 480.00p each for a total of £45,600, came just a day after Will Adderley, Executive Deputy Chairman, anno

Terrace Hill to build Asda in East Cleveland

Property Developer Terrace Hill is to build a new supermarket for Asda in Skelton, East Cleveland. "Following a very positive public consultation process, the planning application for the development is due to be determined in the autumn and the store could be open by the end of 2012," Terrace said

Ocean Wilsons director splashes out

Board member Alex Cooper has upped his stake in Ocean Wilsons, spending nearly £50,000 on shares in the Brazil-focused shipping services group. Cooper, a lawyer and resident of Bermuda, bought 3,550 shares at 1,360p a share, and now has 46,450. The shares have risen sharply since the company issue

Small caps round-up: Agriterra, Cyan, Green Compliance...

Africa-based agricultural group Agriterra says demand for its grain products at Chimoio, Mozambique, continues to grow above historical levels. Demand for bran and maize meal deliveries are said to be increasing both locally and in exports to Zimbabwe. Its cattle ranching operations at Mozbife show

Small caps round-up: Green Dragon, Mediterranean Oil, Terrace Hill

Green Dragon Gas is to acquire an effective equity interest in Sinoenergy Corporation to provide it with incremental access to the midstream and downstream sales infrastructure within niche geographical locations in China. The structured transaction involves an initial investment of approximately