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Wed, 19th May 2021 19:33
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Young & Co s Brewery PLC - London-based pub operator - Confirms it has appointed Savills PLC over possible sale of Young s tenanted estate. The company confirms that Savills has been appointed and that it is in discussions regarding a possible sale. There can be no certainty, however, that any sale will proceed, company says.
Adnams PLC - pub and brewing firm based in Suffolk - Says current trading environment volatile amid UK hospitality restrictions. The sector faces many headwinds before it can say it is clear of the pandemic and its aftershocks although many commentators are beginning to discuss an expected quick rebound in the economy. It will however, come as no surprise that trading revenues in the first half of the year have continued to be severely restricted and the company has mi ....

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APN Property (ASX:APD) share price rockets 48% on Dexus takeover


APN Property (ASX:APD) share price rockets 48% on Dexus takeover
Marc Sidarous | May 11, 2021 11:37am |
More on:
The
APN Property Group Ltd (ASX: APD) share price is climbing higher than a skyscraper today. At the time of writing, shares in the real estate investment manager are selling at 90 cents – a 47.5% increase on the previous day’s close.
The sharp price rise comes after APN announced it has agreed to the
Let’s take a closer look at today’s announcement.
APN share price surges on takeover
In a statement to the ASX, APN Property Group reported it has received, and is recommending shareholders accept, the offer from Dexus for control of the company. According to the statement, all directors are unanimous on this assessment and intend to vote as such. The directors control 33% of the company. ....

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Interview: The Marine Group is on the rise


Interview: The Marine Group is on the rise
May 10, 2021,
by
Eldin Ganic
The Marine & Property Group Ltd provides water injection dredging, marina berthing, drystack, boatyard services and commercial property for the benefit of both marine leisure and marine commercial customers.
The company headquarters are based in Cardiff with additional facilities in Swansea, Burry Port, Aberystwyth and Port Dinorwic.
In order to better introduce their areas of expertise, we caught up with
Mr. Rhys Jones, Contract Manager at The Marine & Property Group.
Q: As an introduction to some of our readers who are not familiar with your company, what can you tell us about your business, the beginnings and where is The Marine & Property Group Ltd today? ....

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LONDON BRIEFING: Next cautious on outlook even as its raises guidance


LONDON BRIEFING: Next cautious on outlook even as its raises guidance
Thu, 6th May 2021 08:15
(Alliance News) - UK clothing and homewares retailer Next on Thursday remained as dour as ever on Thursday, even while boosting its full-year profit guidance following a strong first quarter.
Investors were more positive. Next shares were up 1.9% in early trade.
Next said full price sales were down 1.5% in the 13 weeks to May 1 on two years ago, before the Covid-19 pandemic, which the company said was a more meaningful comparison.
The FTSE 100 constituent said it had assumed full-price sales during period would be down 10%, but beat this forecast by GBP75 million. Next raised its central guidance for full-year pretax profit by GBP20 million to GBP720 million. ....

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