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I see there may be trouble........................... anybody have any other information?
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http://www.itmps.co.uk/digitaleditions/building301009pfeu46.html
Large artcile in todays building press - www.building.co.uk; Interesting read
What are the chances of them de-listing??
LONDON, Sept 30 (Reuters) - Finsbury Food Group PLC: * Preliminary FY revenue growth of 8%, like for like sales increase of 2% * 78% improvement in adjusted* profit before tax in second half of the year versus first half.
26.22
Balfour Beatty reveals plans for 'significant' acquisition 17 September, 2009 By Sophie Griffiths Contractor says any successful deal would be funded by a rights issue Balfour Beatty has revealed it is in advanced discussions for a “significant and complementary acquisition”. In a statement to the stock exchange the contractor said the deal would be substantially funded by a rights issue if it went ahead. The firm said it was releasing the news following recent press speculation. If the acquisition were to go ahead, said the company, it would “materially accelerate the fulfilment of its existing strategy”. Balfour Beatty workersThe news follows rumours in the press that Balfour Beatty was readying a surprise rights issue of up to £350m to fund an acquisition. Bankers at JP Morgan Cazenove and Hoare Govett, now a part of Royal Bank of Scotland, have been appointed to run the rights issue, according to the Telegraph, which said the issue is expected to be launched in days. Balfour Beatty insisted there was no certainty that the acquisition would proceed, and said that a further announcement on the issue would be made at a later date. Read more: http://www.building.co.uk/story.asp?storycode=3148900&origin=bldgbreakingnewsletter#ixzz0RMAI8DKA
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Could you expand.....................? Were did your info come from?
Why the sudden interest on this share - I have been sitting here for sometime wondering if my investment was actually a wise move..............
TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Environmental Recycling Tech Plc ORD 2.5p 2. Reason for notification (yes/no) An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): Increase in number of shares in issue 3. Full name of person(s) subject to notification obligation: Barclays PLC 4. Full name of shareholder(s) (if different from 3): 5. Date of transaction (and date on which the threshold is crossed or reached if different): 26 Aug 09 6. Date on which issuer notified: 27 Aug 09 7. Threshold(s) that is/are crossed or reached: 5% to 6%
Last news removed - see new above
TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Environmental Recycling Tech Plc ORD 2.5p 2. Reason for notification (yes/no) An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): Increase in number of shares in issue 3. Full name of person(s) subject to notification obligation: Universities Superannuation Scheme Ltd 4. Full name of shareholder(s) (if different from 3): 5. Date of transaction (and date on which the threshold is crossed or reached if different): 08/09/09 6. Date on which issuer notified: 08/09/09 7. Threshold(s) that is/are crossed or reached: 3%
Odey Asset Management LLP have 11%, anybody have any info on them?
Better places to have your money imo.
Network Rail reveals plans for £34bn high-speed line 26 August, 2009 By Sophie Griffiths Trains on new 200mph link would travel from London to Scotland in just two hours Network Rail has unveiled plans for a new £34bn high-speed rail link that would take passengers from London to Scotland in two hours. The announcement follows a detailed investigation into the need for a new capacity on Britain's railway network. The report concluded that the best option would be a new 200mph high-speed line to the Midlands, the North-west and Scotland, generating almost £55bn of value with a capital construction cost of £34bn. Iain Coucher, Network Rail's chief executive, said: “High-speed rail can transform Britain. It can promote economic growth, regeneration and social inclusion. "It is a low-carbon option – cutting domestic flights and taking cars and lorries off the road. It will release capacity on the existing rail network and revolutionise passenger journeys.” Read more: http://www.building.co.uk/story.asp?storycode=3147400&origin=bldgdailynewsletter#ixzz0PIuDnMEm
Due they have to pay a penalty for not completeing their new stadium on time???