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DISPOSAL OF LÜBECK RETAIL PARK, GERMANY, FOR €47.9m Capital & Regional plc ("the Company") today announces that its German joint venture has unconditionally exchanged contracts for the sale of its Lübeck property to clients of Invesco Real Estate for cash consideration of €47.9 million, which is in line with the 31 December 2013 valuation and represents a net initial yield of 6.5%. The Plaza Center, Lübeck, is a 29,100 sqm retail park, which is anchored by the Coop Hypermarket. Completion is expected to take place within the next 10 days. Part of the proceeds of the sale will be used to repay debt of €35.1 million in the German joint venture and it is anticipated that approximately £4.0 million will be remitted to the Company. The sale reflects the Company's stated strategy to realise value from its German portfolio over time, in order to focus on its core business of owning and managing dominant, in-town UK community shopping centres. The marketing of a further tranche of seven assets with an aggregate valuation in excess of €100 million as at 31 December 2013 is also progressing well and has attracted encouraging interest from a wide range of domestic and international investors. Hugh Scott-Barrett, Chief Executive of Capital & Regional, commented: "The successful sale of Lübeck represents further progress in delivering our strategy to realise value from our non-core assets and reinvest in our UK shopping centre business. "The strong interest already shown in the further tranche of assets being marketed gives us confidence of maintaining positive momentum and growing our UK business in the second half of 2014."
OMG plc, the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, will announce its interim results for the six months ended 31 March 2014 on Wednesday 4 June 2014.
Missed the news last week but a nice Contract with Telford & Wrekin. ( See Above )
Entertainment One Ltd. makes the following announcement in accordance with Rule 5.6.1 of the Financial Conduct Authority's Disclosure and Transparency Rules. As at 30 April 2014, the Company's issued share capital consisted of 289,164,656 common shares with voting rights. Therefore, the total number of voting rights in the Company was 289,164,656. The total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Some good news, STVG today announces the appointment of Sarah Brown as Head of Drama strengthening its successful multi-genre team, she will join STV Productions later this year. Sarah has enjoyed a successful career in drama development and production and joins STV Productions from BBC Drama Production, where she is an Executive Producer
Follow up to the Prelim's in April, as said not much new news, however, positive and worth a read. Posting of Annual Report & Notice of Annual General Meeting________________________________________ The Company announces that it has posted the Annual Report and Accounts for the 52 weeks ended 29 December 2013 to shareholders, together with the Notice of the Annual General Meeting to be held on Friday 6th June 2014. An electronic copy of the document can be accessed on the Corporate section of the Company's website: http://www.prezzorestaurants.co.uk/prezzoplc/prezzo/financialperformance.html.
Finncap 01/05 Reiterates Buy on previous Target of 100p
Been taking a look at Connent's recent history ( Formaly Smiths News ) . Notice Aberforth Partners LLP recently upped their stake to above 5%. I suspect they've been watching the SP and caught it at a low. Possibly looking a fair value stock for longer term Investors I would have thought. Worth some research.
Gable Holdings Inc. (GAH.L), the European non-life insurance company, announces that it has received regulatory approval to underwrite the following Motor insurance classes in the UK market: · Class 3: Land vehicles (other than rolling stock) · Class 7: Goods in Transit · Class 10: Motor vehicle liability The Company anticipates that it will commence new business in these classes during the final quarter of 2014. Commenting, William Dewsall, Chief Executive, said______ "We are delighted to advise the market that we have been approved in classes 3, 7 and 10 in the UK market. Gable has already received significant demand for niche products in motor from our brokers and producers in the UK where the market size is clearly substantial. We anticipate that we will be writing considerable levels of new business across a range of niche areas where we will design bespoke products to satisfy embedded demand from distribution networks in the UK. The market size for motor in the UK is enormous and we believe that there are various profitable opportunities available to Gable in this area of the market."
2013 Final Results We're seeing an upturn in the SP and Gable will be announcing its final results for the year ended 31 December 2013 in May 2014. The Board is pleased to report that the numbers for the year end to 31 December 2013 are anticipated to be in line with current market expectations.
Hi Megabux, you're an early riser, or a late nighter, hope all's well with you. Yes, the two Acqusitions are a great move in my book. Colourful 'add ons' to the Communisis package. Looks like we're seeing a bit of snatch and run on the dividend side, bit like mugging really, but I guess it's nothing unusual these days. The more I check out the website the more impressive it gets, and those at the helm of Communisis have some interesting posts on other companies. BW
Public Creative is a slick unit too_____ http://www.publicreative.com/
Impressive Client List for Jacaranda_____ http://www.jacaranda.co.uk/clients
Another Acquisition and great to see. I have great hopes here with Communisis, and all in good time.
In line :-) __________ http://www.investegate.co.uk/stv-group-plc/rns/interim-management-statement-quarter-1/201404230700052649F/
STV Group plc voted Large PLC of the Year in Scottish Corporate Awards_______________________________ STV has been recognised as the Large PLC of the Year at the Scottish Corporate Awards, sponsored by Business Insider and Barclays Bank. STV was shortlisted for consideration for the award by a judging panel of business leaders who were supported in undertaking their research by the University of Strathclyde Business School. The judging panel recognised the improved financial performance, strengthened balance sheet and resultant increase in the market value of the company. Rob Woodward, Chief Executive Officer said: "STV is delighted to receive this prestigious award in the week that our Board confirmed the Group's intention to re-instate dividend payments and we announced our latest trading outlook in which we forecast that our performance remains on track in 2014".
Nice piece of News Mega' and work for another five years :- ) _____ Leading provider of personalised customer communication services Communisis plc (LSE: CMS), announces an important contract extension for the provision of external brand building services to Procter & Gamble Europe SA until 31 December 2019.
Goes Ex-Dividend on Wednesday 16 April.