Braemar cites weakening rates in some sectors as interim profit dives
29th Nov 2023 12:22
(Alliance News) - Braemar PLC on Wednesday reported a sharp drop in half-year profit amid increased costs and weakening rates in some sectors. Read More
(Alliance News) - Braemar PLC on Wednesday reported a sharp drop in half-year profit amid increased costs and weakening rates in some sectors. Read More
Braemar PLC - London-based shipbroker and advisor in shipping investment - In the financial year ended February 28, pretax profit grows 11% to GBP9.5 million from GBP8.5 million a year prior. Revenue jumps 51% to GBP152.9 million from GBP101.3 million. "Sentiment in the short and medium-term, as measured by time charter rates, is broadly positive, and the vessel supply and freight demand pictures in the group's two biggest markets, tankers and dry cargo, look promising for the foreseeable future," Braemar says. Declares 12.0p per share total dividend, up 33% from 9.0p. Looking ahead "with confidence", Chief Executive Officer James Gundy anticipates "another good year of trading, as the benefits of our clear focus, our growth strategy, prudent cost control and operational gearing compound for the benefit of all stakeholders". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday, Thursday and Wednesday and not separately reported by Alliance News: Read More
Sondrel Holdings PLC - Reading, England-based semiconductor company - Chief Financial Officer Joe Lopez stands down with immediate effect and "by mutual agreement". He will step down as a director before September 30. Sondrel appoints Nick Stone as non-board interim CFO, effective from Thursday. Stone most recently was CFO of Braemar PLC from 2019 to 2023; he also has served as CFO at The Appointment Group Ltd, Hornby PLC and KBC Advanced Technologies PLC. Sondrel has initiated its search process for a permanent CFO. Read More
Braemar PLC - London-based shipbroker and advisor in shipping investment - FTSE Russell says company has been suspended for a further 20 business days effective from Friday. Read More
Braemar PLC - London-based shipbroker and advisor in shipping investment - Plans annual general meeting to be held on August 9. The company's shares were suspended earlier this month, due to a delay in the publication of its annual results pending an investigation into a 2013 transaction. The company said that the investigation was looking at a 2013 transaction of around USD3.0 million, and involving payments being made through to 2017. The company has said until this work is complete, it cannot publish its financial 2023 results and therefore missed its June 30 deadline. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Braemar PLC said on Monday that trading in its shares will be suspended from next week Monday due to a delay in the publication of its annual results pending an investigation into a 2013 transaction. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Stock prices in London opened slightly lower on Monday morning, with risk sentiment dented follow an aborted mutiny in Russia at the weekend, which has stoked concerns about stability in the nuclear-armed country. Read More
(Alliance News) - Stocks in London are set to open marginally lower on Monday, as markets looked to a new week, seemingly unfazed by a failed revolt by a mercenary army in Russia over the weekend. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
Braemar PLC - London-based shipbroker and advisor in shipping investment - Appoints Grant Foley as its new chief financial officer, with effect from August 1. He replaces Nick Stone, Braemar's current CFO. Read More
Braemar PLC - London-based shipbroker and advisor in shipping investment - Confirms its proposed capital reduction was approved by the court, and will become effective once processed at Companies House. Read More
(Alliance News) - Braemar PLC on Wednesday said that it achieved record revenue and profitability in its recent financial year, thanks to a "simplified" business strategy. Read More
(Alliance News) - Braemar PLC on Tuesday proposed a capital reduction in order to increase future dividend payments to shareholders. Read More