(Alliance News) - UK government borrowing climbed in September as higher debt costs and spending weighed on the public finances, while Coca-Cola HBC unveiled a USD2.6 billion deal to buy Coca-Cola Beverages Africa to expand its presence in high-growth markets. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
London & Associated Properties PLC - London-based investor in UK industrial and retail properties - Reports pretax profit of GBP4.2 million for the first half of 2024, against prior year's GBP2.5 million loss. Net asset value per share rises 0.4% to 33.50 pence at June 30 from 33.38p at December 31. Group revenue decreases 13% annually to GBP24.8 million from GBP28.3 million. However company reports GBP920,000 gain on fair value of investment in Bisichi PLC, against a GBP553,000 loss. Operating costs decrease 30% to GBP20.0 million from GBP28.7 million. Read More
(Alliance News) - London & Associated Properties PLC on Friday said its net asset value saw a moderate drop in the latest half year, as interest rate rises hurt operating performance. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
London & Associated Properties PLC - Investor in shopping centres and other retail properties - Appoints Bisichi PLC Chair Andrew Heller to board as director. Andrew Heller is also the managing director of Bisichi, in which LAP holds a 42% stake. Read More
London & Associated Properties PLC - Investor in shopping centres and other retail properties - Appoints Chief Executive Officer John Heller as chair, effective immediately. Retains role as CEO, which he has held since 2003. He succeeds his father Michael Heller as chair, who died at the end of January. Read More
(Clarifies that Bisichi's half-year report came on the same day as London & Associated Properties announcement, not one day after.) Read More
Bisichi PLC - coal mining in South Africa - Swings to pretax profit of GBP21.2 million in the six months to June 30 from a loss of GBP686,000 a year earlier, as revenue rises to GBP45.4 million from GBP23.6 million. "These unprecedented earnings for the group can be attributed to a strong performance from Sisonke Coal Processing, the group’s South African coal processing operation which benefited from significantly higher prices of free-on-board coal from Richards Bay Coal Terminal", the company explains. Read More
London & Associated Properties PLC - investor in shopping centres and other retail properties - Sells its leasehold interest in the Kings Square, West Bromwich shopping centre to Sandwell Council for GBP4.8 million. This represents a 5% discount to the 2021 year-end valuation. Plans to reinvest the proceeds in new real estate. Says completion is scheduled for July 29. Read More
London & Associated Properties PLC - investor in shopping centres and other retail properties - Reports that its 42% owned subsidiary Bisichi PLC has seen strong coal market conditions since April 28. As a result, Bisichi expects its results for the six months ended June 30 to be "substantially" ahead of those reported for the year ended December 31. LAP says a proportion of these results will be attributable to its shareholders. Read More
(Alliance News) - London & Associated Properties PLC on Thursday said it has refinanced Orchard Square in Sheffield with a new GBP14.0 million senior loan facility.The three-year has by Read More
(Alliance News) - London & Associated Properties PLC on Wednesday posted a single-digit first half revenue rise but operating costs and a write off of an investment hurt profit.In the a Read More
(Alliance News) - London & Associated Properties PLC on Thursday said it has sold a building in the Brixton neighbourhood of London to a undisclosed overseas buyer for GBP2.4 million in was at Read More
(Alliance News) - London & Associated Properties PLC on Monday said it has sold a 999-year lease for a retail unit in Sheffield, England, to Metro Bank for the lender's own property has on Read More
(Alliance News) - Retail property investor London & Associated Properties PLC shareholders issued a warning to the company over director pay and several members of its board.At London a Read More
Thursday 6 JuneSafestayCoro EnergyOneSavings Bank (combination with Charter Court Financial Court (re 7 Read More
LONDON (Alliance News) - London & Associated Properties PLC said on Tuesday its net asset value fell in 2018 amid a tough year for the retail property market in the UK.Shares in London Read More
LONDON (Alliance News) - London & Associated Properties PLC on Monday announced the appointment of Jonathan Mintz as its new finance director and company secretary.Mintz will join the a Read More
LONDON (Alliance News) - London & Associated Properties PLC said on Monday it has secured a 10-year GBP3.9 million loan facility with FTSE 250-listed Metro Bank PLC.The new facility in Read More