Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWestminster Group Share News (WSG)

Share Price Information for Westminster Group (WSG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.60
Bid: 2.50
Ask: 2.70
Change: 0.00 (0.00%)
Spread: 0.20 (8.00%)
Open: 2.60
High: 2.60
Low: 2.60
Prev. Close: 2.60
WSG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Westminster Group's New Ferry To Arrive In Sierra Leone In April

Mon, 13th Apr 2015 07:00

LONDON (Alliance News) - Westminster Group PLC Monday said its high-performance ferry will arrive in Sierra Leone at the end of April, and said it believes confidence and demand for a premium ferry service in West Africa is growing as the outbreak of Ebola dwindles and passenger numbers at the nearby airport increase.

The company provides security and managed services to a number of blue-chip companies, governments, and non-governmental organisations around the world. In March, it said it had decided to buy a vessel for the West African ferry services contract it signed in November which was more expensive and larger than initially planned.

Westminster decided to purchase a larger vessel due to increased passenger numbers at the nearby airport, from which the ferry will run, and due to fewer cases of Ebola, which has increased travel confidence in the region.

On Monday, Westminster said the 38.9 metre, 200 seater, high-performance passenger ferry named Sierra Queen will arrive in the country from Norway at the end of April.

Westminster said the ferry is being transferred to Sierra Leone from Norway on a heavy lift delivery vessel which is one of the few vessels that is currently able to lift and transport a ferry of its size.

"Sierra Queen is a superb and very impressive 'flag ship' vessel for our new ferry operations in Sierra Leone, and we are delighted she will be arriving in country this month to provide a much needed professional and fast ferry transit service between Freetown International Airport and the capital, Freetown," said Peter Fowler, chief executive of Westminster.

"Westminster's in-country staff have made significant progress developing the terminals and infrastructure required for the launch and commencement of operations," it said in a statement.

Westminster said over 9,000 passengers passed through Freetown Airport in March which was its highest level in seven months, and the company is confident that there is a growing demand for a premium ferry service in the country.

"The arrival of our vessel later this month and commencement of operations is excellent timing given the significant improvements we are seeing with the Ebola situation and improving airport passenger numbers," said Fowler.

Westminster said there was only 25 reported cases of Ebola in Sierra Leone during the last week of March, demonstrating "marked improvement" compared to 300 cases a week at the height of the outbreak.

"The continuing improvement in passenger numbers, following the easing of the Ebola situation, has had a positive impact on the financial performance of our airport operations in the first quarter of this year, marking a turnaround from the inevitable adverse impact the crisis had on the operation in the second half of 2014," added Fowler.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
29 Jan 2019 13:13

Westminster Group Strong Second Half Boosts 2018 Revenue

LONDON (Alliance News) - Westminster Group PLC said Tuesday a "particularly strong" second half will result in the security services firm revenue increasing by a third in expects its for

Read more
18 Jan 2019 09:11

Westminster Group Appoints Charles Cattaneo As Non-Executive Director

LONDON (Alliance News) - Security services provider Westminster Group PLC said on Friday it has appointed Charles Cattaneo as non-executive director with effect on Thursday.Cattaneo is a at

Read more
24 Dec 2018 10:28

Westminster Group says Iran issues addressed after US sanctions

(Sharecast News) - Tech-based security provider Westminster Group said challenges created by US sanctions against Iran had now been addressed after the company revealed its long-term security contract at an Iranian airport was on hold.

Read more
21 Sep 2018 10:45

Westminster Group Interim Loss Narrows, Appoints New Finance Head

LONDON (Alliance News) - Westminster Group PLC on Friday appointed a new chief financial officer, as it posted a narrowed loss for the first half of the year.Shares in the security supplier

Read more
21 Sep 2018 08:03

Westminster Group revenues slide, eyes stronger second half

(Sharecast News) - Westminster Group narrowed losses in the first half of its trading year despite a dip in revenues.

Read more
29 May 2018 12:27

Westminster Group Appoints Former Bell Pottinger Director To Board

LONDON (Alliance News) - Westminster Group PLC, a security company, said on Tuesday that it will appoint Patsy Baker as non-executive director from Friday.Baker was business development for

Read more
25 May 2018 11:25

Westminster Group Report 22% Jump In Revenue In Transformational Year

LONDON (Alliance News) - Westminster Group PLC said Friday annual revenue increased 22% on the back of a "transformational" agreement with an Iranian airport.The security services

Read more
25 May 2018 10:52

WINNERS & LOSERS SUMMARY: Pennon Flows Smoothly On Strong Performance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------United up for

Read more
18 May 2018 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 21 May RestoreTrading Statement Ryanair HoldingsFull Year REITFull

Read more
10 May 2018 16:48

Westminster Shares Drop As US Walk Out From Iran Deal Halts Project

LONDON (Alliance News) - Shares fell in Westminster Group PLC on Thursday as it placed a major Middle East long-term project in Iran on hold following the US withdrawal from the Iran nuclear in at

Read more
5 Dec 2016 10:03

Westminster Group to start Sierra Leone ferry service on Dec 9

(ShareCast News) - Westminster Group said its Sierra Leone-based Sovereign Ferries unit would start services between the airport and capital city of Freetown on December 9. The company on Monday said national registration formalities, sea trials and international safety compliance checks had all bee

Read more
22 Nov 2016 15:26

Westminster issues £1.2m in loan notes to support projects

(ShareCast News) - Westminster Group, an AIM listed supplier of security services and technology, has signed agreements for the issuance of £1.2m convertible unsecured loan notes (CULN) to support expansion projects in the Middle East and Asia. The company is in discussions regarding a large scale l

Read more
10 Nov 2016 14:18

Westminster Group confirms start of Sierra Leone ferry service

(ShareCast News) - Government and commercial managed services supplier Westminster Group announced on Thursday that its ferry division, Sovereign Ferries, was preparing for commencement of its long awaited ferry service in Sierra Leone, West Africa. The AIM-traded company said in country registratio

Read more
29 Jul 2016 08:37

Westminster Group Expects Better First Half Results And Future Growth

Read more
14 Jul 2016 08:56

Westminster Group To Issue Shares On Loan Note Conversion (ALLISS)

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.