Walker Greenbank receives £1.5m insurance payment

Company News

Walker Greenbank receives £1.5m insurance payment

Thu, 20 April 2017
Article viewed 23 times
Walker Greenbank receives £1.5m insurance payment
Walker Greenbank Quote more

Price: 237.50

Chg: 5.00

Chg %: 2.15%

Date: 16:50

FTSE AIM All-Share Quote

Price: 969.57 Chg: -0.13 Chg %: -0.01% Date: 17:14

(ShareCast News) - AIM-listed luxury interior furnishings group Walker Greenbank has received a further interim insurance payment of £1.5m following the flood in December 2015 at its fabric printing factory in Lancaser, Standfast & Barracks.

In total, £16.9m of flood-related insurance payments have now been received in respect of damage to business assets and loss of profits.

"With the factory having been back in full production for some time and the company's Milton Keynes warehouse being fully stocked with printed textiles, the company will be seeking to negotiate a final settlement of the insurance claim with its insurers. It is expected that a settlement will be agreed during the first half of the current financial year."

At 0855 BST, the shares were up 0.9% to 215.50p.

NASDAQ 100 Top Risers

Name Last Chg.% Time
Amazon.Com Inc. 1,038.95 1.29 23:05
Apple Inc. 152.09 1.21 23:06
Autodesk Inc. 110.81 0.97 22:48
Activision Blizzard Inc. 61.44 0.84 22:21
Alphabet Inc. Class C 980.34 0.76 23:09

NASDAQ 100 Top Fallers

Name Last Chg.% Time
American Airlines Group 51.28 -1.21 23:04
Automatic Data Processing Inc. 103.54 -0.99 22:07
Alexion Pharmaceuticals Inc. 130.74 -0.80 22:07
Analog Devices Inc. 78.75 -0.27 23:06
Applied Materials Inc. 46.78 -0.06 23:05