News And Announcements
International PPL posts solid NAV growth, profits slide
International Public Partnerships posted its half-year results for the six months to 30 June on Thursday, claiming healthy net asset value growth of 21. 8% to £2bn, and net asset value per share growth of 1. 8% to 144. 7p.
Tritax Big Box buys Royal Mail Midlands distribution centre
Tritax Big Box announced on Thursday that it has acquired a regional distribution centre at Riversdale Road in Atherstone, currently let to Royal Mail.
ZPG to buy Money.co.uk for up to £140m
Zoopla owner ZPG has agreed to buy financial services comparison website Money. co. uk in deal worth up to £140m.
Sanne Group posts healthy rise in first-half numbers
Sanne Group posted a healthy improvement in revenue and earnings in its first half on Thursday, with revenue rising 104% to £56. 3m and underlying operating profit up 109% to £21. 5m.
Euromoney engages advisers with look to sell Global Markets Intelligence
Euromoney Institutional Investor has hired investment banks to look at a potential sale of its Hong Kong-based Global Markets Intelligence division after receiving "unsolicited interest" in recent weeks.
Rio Tinto announces increased coal reserves at Kestrel
Rio Tinto announced increased coal reserve estimates to the Australian Securities Exchange overnight on Thursday, relating to Rio Tinto Coal Australia’s Kestrel underground longwall mine in Queensland, as compared to the previous estimate in the 2016 annual report.
Imperial Brands raises £231m in Logista sell-down
Imperial Brands announced on Thursday that it has now agreed to sell 13. 275 million ordinary shares of 20 euro cents each in Compañía De Distribución Integral Logista Holdings on the Madrid Stock Exchange, raising gross proceeds of £230. 8m through the placing.
Rail performance drags on Go-Ahead profits
Go-Ahead Group posted results “in line with expectations” on Thursday, reporting bus operating profit of £90. 7m, down slightly from £91. 2m, and rail operating profit of £59. 9m, sliding from £71. 4m in the prior year.