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 mitigated this
IN BRIEF: AFH Financial shareholders support takeover by Cortina lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
IN BRIEF: AFH Confirms Backing Of GBP224.5 Million Cortina Offer
Mon, 22nd Feb 2021 16:42
AFH Financial Group plc- financial investment management firm - Reiterates it believes the GBP224.5 million takeover offer made by Cortina Bidco Ltd is fair and reasonable and urges shareholders to vote in favour of offer. In January, AFH agreed to the takeover by Cortina, a company controlled by funds managed by Chicago-based private equity firm Flexpoint Ford LLC. Under the acquisition s terms, Flexpoint will acquire the wealth manager for 463 pence per share.
Current stock price: 458.00 pence
Year-to-date change: up 34%
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