(Alliance News) - Baltic Classifieds Group PLC on Thursday said profit improved 35% in the first half of its current financial year, due to revenue growth in its business-to-consumer and consumer-to-consumer offerings. Read More
(Alliance News) - Edinburgh Investment Trust PLC on Tuesday said it benefited from strong performances by NatWest Group PLC, Tesco PLC and Baltic Classifieds Group PLC over the past six months, as UK consumer-exposed stocks performed "strongly". Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
Apax Global Alpha Ltd - London-based investment trust - Apax IX Fund, in which AGA is a limited partner, sells remaining shares in Vilnius-based classifieds company Baltic Classifieds Group PLC. The transaction including prior distributions, will deliver Apax IX a 59% internal rate of return. AGA's look through investment will have returned EUR31 million after completion. Apax IX acquired BCG in 2019. A filing on Monday said Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners LLP, completed its exit from Baltic Classifieds, selling all its remaining 63 million shares, a 13% stake, in a placing at 247 pence each. Read More
Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners LLP, completed its exit from Baltic Classifieds, selling all its remaining 63 million shares, a 13% stake, in a placing at 247 pence each. The GBP156 million share sale is larger than first announced. Late on Friday, BofA Securities Europe SA, the sole global coordinator for the placing, said Antler would sell about 30 million shares. BofA on Monday says the offer was doubled in size "on the back of strong deal momentum". Antler had sold 40 million shares back at the start of June. Read More
Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners, intends to sell 30 million shares by way of an accelerated bookbuild to institutional investors. The placing represents around 6% of company's share capital. Share sale worth around GBP83 million. Antler currently owns just over 63 million shares, a 13% interest in Baltic Classifieds. In addition, company intends to buy back 4.2 million shares alongside the placing. Worth around GBP11.6 million. BofA Securities Europe SA is acting as sole global coordinator in connection with the placing. Antler has undertaken that it will not dispose of any further shares in Baltic Classified for a period of 90 days following completion of the placing. Company says it will not receive any proceeds from the placing. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Stocks in London are called to open higher on Tuesday, after some underwhelming UK retail sales data, which showed that poor weather held back purchases. Read More
(Alliance News) - Stocks in London ended higher on Wednesday, with calming words from Federal Reserve Chair Jerome Powell, softer US data and hopes of less disruptive than expected political developments in France lifting the mood. Read More
(Alliance News) - A year of solid growth from Baltic Classifieds Group PLC proves the strength of its business model, analysts on Wednesday said. Read More
(Alliance News) - Baltic Classifieds Group PLC on Wednesday cheered record high individual advertising volumes and strong performances across all businesses lines as it disclosed bumper growth in sales and profitability. Read More
(Alliance News) - Stocks in London are expected to open higher on Wednesday, as investors shake off pre-election nerves. Read More
(Alliance News) - The FTSE 100 in London closed lower on Monday, marking a mixed start to June, with GSK firmly at the bottom of the index. Read More
Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Funds advised by Apax Partners LLP sell 40 million Baltic Classifieds shares at 231 pence per share, worth GBP92.4 million in total. The placing of shares held by Apax vehicle Antler EquityCo Sarl is conducted by BofA Securities Europe SA and is increased in size from the 36 million shares announced after the London market close on Friday. The Apax funds had sold 27 million Baltic Classified shares in early May, 21.5 million in early March, and 25 million back in January. After the sale of the 8.2% stake on Friday, the Apex funds continue to own 12.9% of Baltic Classifieds. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More