TRADING UPDATES: PPHE Hotel crushed by pandemic; Renalytix excited
Tue, 2nd Mar 2021 18:14
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
JPMorgan Emerging Markets Investment Trust PLC - investment trust - Net asset value per share ends 2020 at 135.0 pence compared to 108.9p at end of June. NAV total return in first half 24.9%, beating benchmark, the MSCI Emerging Markets Index, which gains 18.5% in same period. Investment manager notes recovery of markets in final six months of 2020. Austin Forey adds: Although the situation remained severe in many countries, progress on vaccine development also offered hope that the pandemic will eventually pass. Against this background, it may seem strange to see equity markets reaching new highs; yet share prices are determined by investors making forward-looking judgements, and have therefore reflected the economic recovery and the ending of
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PPHE Hotel Group Limited 2020 Year-end trading update
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PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, today announces a trading update for the year ended 31 December 2020. Advertisements
Strategic progress
Despite the disruption caused by the pandemic, the Group continued to make strategic progress through 2020.
Development pipeline reviewed and prioritised with most projects progressed as planned, albeit with some minor delays due to government restrictions.
Construction of art otel london hoxton continued, for which the Group secured a £180m loan in April.
Development pipeline and presence in Central Eastern Europe extended, with the acquisition of properties in Pula (Croatia) and Belgrade (Serbia), and a 45-year lease agreement in Zagreb (Croatia). These three properties offer significant future development opportunities.