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Universe Sells JetSet For GBP0.4M Cash

Mon, 26th Jul 2010 08:08

LONDON (Dow Jones)--Universe Group PLC (UNG.LN), said Monday that it has sold JetSet for a consideration of GBP0.4 million to be satisfied in cash, and said it intends to use the net proceeds from the sale of JetSet to reduce the company's overall levels of debt. -Shares at 0710 GMT up 0.13 pence, or 4.35%, at GBP3.0 pence, valuing the company at GBP3.44 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires July 26, 2010 03:08 ET (07:08 GMT)

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3 Jul 2009 17:12

London close: Stocks tread water

A late swoon saw Footsie relinquish virtually all of its gains, with losses on resource stocks counter-balancing gains made by banks. Barclays, Royal Bank of Scotland, HSBC and Lloyds Banking were the pick of the banking sector, despite chancellor Alistair Darling firing a warning about the re-eme

3 Jul 2009 15:23

Universe operating profits seen lower

Electronic payment and loyalty card provider Universe Group said operating profits will be down on expectations because of lower sales forecast. Total sales for the six months were down by more than 10% against the same period last year, almost entirely attributable to its withdrawal from contract

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Universe Sells JetSet For GBP0.4M Cash

London close: Stocks tread water

Universe operating profits seen lower

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