(Alliance News) - First Property Group PLC on Thursday said it swung to a profit in the first half of its current financial year, due to a growth in the value of an investee company. Read More
First Property Group PLC - property fund manager and investor in UK and Central Europe - Says its first half has been "good", as the company has benefitted from several one-off events. It says this includes profit earned from property trading by an unnamed fund managed by the group, in which it holds "an associated investment". It also benefitted from the early receipt of fees from a management agreement it holds with another unnamed fund, where property disposals were made ahead of schedule. Read More
First Property Group PLC - property fund manager and investor in UK and Central Europe - Chief Executive Officer Ben Habib buys 354,240 shares at 14.50 pence, worth GBP51,365, on Thursday. Habib now has 24.2 million shares, a 16.4% stake. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - London's FTSE 100 fell sharply on Tuesday as mining and oil stocks slid and figures showed a further drop in manufacturing activity in the US. Read More
(Alliance News) - Stock prices in London were lower at midday on Tuesday, as cautious sentiment prevailed ahead of the next set of data from the US this afternoon. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
First Property Group PLC- London-based investor and property fund manager - On Thursday, announces that it has signed a 15 year lease with TV Republica for 3,100 square metres in Blue Tower, its directly owned office building in Warsaw, which had previously been vacant. The lease will start in December after fit-out works finish. The rent payable will be EUR16.55 per square metre per month together with a service charge of EUR7 per square metre per month. In total this lease will contribute some EUR935,000 per annum. The cost of the fit-out, which will be borne by the landlord, amounts to some EUR1.8 million. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - First Property Group PLC on Friday said that trading was in line with expectations for its recent financial year, though the firm added that its results will reflect a write down on a major holding and impairment charges on a Polish property. Read More
(Alliance News) - First Property Group PLC on Thursday reported it swung to an interim loss as it made no profit from the sale of investment properties, as it did a year prior. Read More
First Property Group PLC - London-based property fund manager and investor - Reports underlying trading profit for year to March 31 tipped to be "in line with market forecasts". First Property adds: "Nearly one third of the vacant office space in Warsaw and Gdynia, which the group acquired in 2021 and 2022, and which totalled some 20,000 square metres, has been leased. Tenant demand remains steady in both cities. The rapid increase in interest rates from near zero in 2021 has naturally impacted property values. The group has been shielded from much of this by its accounting policy of holding properties at the lower of cost or value." First Property expects to report a loss for the first-half of the financial year, however. Fprop Opportunities PLC, a fund invested in five commercial properties in Poland, saw properties it owns decrease in value by GBP2.2 million, of which First Property's share amounted to GBP816,000. Read More
(Alliance News) - First Property Group PLC on Monday said it has leased a further 512 square metres or 3.7% of its office building in Gdynia, Poland to freight company Alfa Forwarding Ltd. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: 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) - First Property Group PLC on Tuesday said it signed two new leases at an office property in Cluj-Napoca, Romania. Read More