(Alliance News) - Stocks in London closed higher and the pound strengthened on Monday as the UK ushered in Rishi Sunak as its next prime minister, offering hopes of stability for investors. Read More
Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Extends Chair & Chief Executive Officer Irakli Gilauri's contract, due to expire in May next year. The contract has been renewed to December 31, 2025. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Subsidiary JSC Bank of Georgia signs loan agreement for USD20 million equivalent with European Bank for Reconstruction & Development. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Says it is benefiting from the strength of the Georgian economy as profit, net interest income and dividends rise. In the six months to June 30, pretax profit grows 53% to GEL573.7 million, about GBP173.2 million, from GEL375.2 million a year ago. Net interest income climbs 25% to GEL552.6 million from GEL440.6 million. Declares GEL1.85 dividend per share, up 25% from GEL1.48. Read More
Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Ends first half to June 30 with net asset value per share of GEL52.71, or GBP14.78, which is down 16% from GEL63.03 on December 31. Total portfolio value falls 25% to GEL2.71 billion from GEL3.62 billion. The value fall is pinned on Russia's invasion of Ukraine, with Georgia Capital's private portfolio suffering, as well as a GEL317.5 million hit to London-listed Bank of Georgia Group PLC's valuation. BoG's shares slumped 21% in the first 6 months of 2022. The bank makes up 17% of firm's total portfolio. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Subsidiary JSC Bank of Georgia buys back USD16.2 million notes due 2023. The notes were issued in July 2016. Following the repurchase, Bank of Georgia holds USD103.3 million of the 2023 notes, 30% of the number issued. Read More
(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 20 after completing its quarterly review. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Notes its subsidiary, JSC Bank of Georgia, signed a USD50 million additional tier 1 capital perpetual subordinated syndicated facility. The European Bank for Reconstruction & Development and Swedfund International AB are the lenders. Expects the facility to be included in the additional tier 1 capital of the bank. Says it will provide the bank with an opportunity to further diversify its capital structure from a foreign currency perspective. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Non-Executive Director Alasdair Breach buys 43,031 shares via Gemsstock Ltd at GBP12.68 and GBP13.47, worth GBP563,635, on Monday and on Friday last week. Breach had bought GBP3.6 million in Bank of Georgia shares back in early March. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News: Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Pretax profit in first quarter of 2022 rises 74% to GEL265.1 million, about GBP70.9 million, from GEL152.3 million a year prior. Operating income increases 30% to GEL395.7 million from GEL303.6 million, with net interest income growing 28% to GEL271.5 million from GEL212.3 million. Bank of Georgia's net interest margin improves to 5.3% from 4.5%. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Deputy Chief Executive Officer & Chief Financial Officer Sulkhan Gvalia buys 20,000 shares at averages of GBP11.27 and GBP12.12, worth GBP237,971, on Wednesday and Thursday last week. Read More
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Appoints Mel Carvill as chair with immediate effect, replacing Neil Janin. Read More