12 May 2021 | 07:38am
StockMarketWire.com - Alcoholic drinks maker Diageo said it would initiate the second phase of its capital return programme of up to £1 billion following strong annual performance.
The company said it expects organic operating profit growth to be at least 14% in fiscal 2021, slightly ahead of organic net sales growth.
The return of capital programme of up to £4.5 billion to shareholders was first announced on 25 July 2019, but the original completion date for the programme had been extended by two years to 30 June 2024.
In the first phase of the £4.5 billion programme, the company repurchased up to £1.25 billion worth of its shares.
24 February 2021 | 09:09am
StockMarketWire.com - Bank of Georgia reported an uptick in annual net asset value per share underpinned by strong performance in its private portfolios thanks to a recovery in market sentiment.
For the year ended 31 December, net asset value per share rose 2.7% to GEL48.12.
The uptick in net assets was primarily driven by the first-time valuation of GHG, as a wholly-owned private company, and the performance of its investment stage portfolio companies.
Revenue and earnings before interest, taxes, depreciation and amortisation, or EBITDA, of its private portfolio were up 6.4% to GEL 1,624.8 million and 4.1% to GEL 291.6 million respectively in FY20.