TRADING UPDATES: Team PLC prices IPO; Nostra's Cypress doubles Wed, 3rd Mar 2021 21:53 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Mitie Group PLC - Glasgow-based facilities management - GLAS Trust Corp Ltd intends to sell up to 149.0 million share, or 10.5% stake in company in secondary placing. Jefferies International Ltd is acting as sole global coordinator and bookrunner. The sale represents all of GLAS's holding in Mitie. Shares in company closed at 56.80 pence in London on Wednesday. Permanent TSB Group Holdings PLC - Dublin-based personal and small business bank - Records pretax loss of EUR166 million in 2020, as net interest income reduced by 4% year-on-year. Says performing loan book income was broadly stable in 2020 supported by the active management of the bank's cost of funds. NIM worsens to 1.73% from 1.80%. Total new lending of about EUR1.4 billion in 2020, which is 15% lower from 2019. A strong lending performance, it says, particularly in the second half of the year, led to a 43% increase in new mortgage drawdowns compared to the first half of 2020. Mortgage applications also increased significantly in the second half of the year, with full year market share ending at 14.5%. Chief Executive Eamonn Crowley says: "While 2020 was a loss making year for the bank, the second half of the year saw the bank increase its new lending volumes and transactional activity as the economy began to reopen. Our active mortgage offer pipeline is at a strong level and positions us well to continue our strong performance into 2021."