Dear readers,
We are glad to announce of our new website, There you will continue to have access to the full content of the Sharecast newswire, alongside an improved and expanded suite of market data and research tools for both the UK and the main international markets. As a first step in the transition to the new site, over coming days and weeks the news and data pages on will redirect you towards the new website which we earnestly hope you will find even more useful than the current service. Should anyone like to comment or provide constructive criticism on the new layout or what features they would like to see added or deleted, do please send us an e-mail to Lastly, of course, we wish to express our heartfelt gratitude for your support and encouragement over the years as we continued to grow and expand the service.
Very best,


Big Yellow reports bigger H1 profits

Company News

Big Yellow reports bigger H1 profits

Tue, 17 November 2009
Article viewed 1 times
Big Yellow reports bigger H1 profits
Big Yellow Group Quote more

Price: 796.50

Chg: -3.50

Chg %: -0.44%

Date: 16:54

FTSE 250 Quote

Price: 20,131.52 Chg: -128.25 Chg %: -0.63% Date: 16:44

Self storage firm Big Yellow reported a 12% rise in half year adjusted pre-tax profit as occupancy levels improved.

Adjusted pre-tax profit rose to £7.7m in the six months ended 30 September 2009 from £6.9m the year before. Loss before taxation narrowed to £3.4m from a loss of £54.3m previously. Revenue for the period slipped 3% to £29.2m.

Commenting on the outlook Chairman Nicholas Vetch said, "We are experiencing the usual seasonal slow-down in trading, however our cautious optimism at the time we last reported, that the business was at least stabilising, appears to have been broadly well founded. We expect the improvement in the economy to be slow and patchy, and the performance of this business will reflect that."

The board is continuing with the suspension of the interim dividend payment to preserve cash.