25 May 2021 | 08:37am
StockMarketWire.com - Land and property company Harworth said it had made strong start to 2021 as demand for serviced land and industrial units remained robust. Demand for our serviced land and industrial units has been robust so far this year, and we continue to progress planning applications across our strategic land portfolio, including our 1,000-home mixed-use development at Ironbridge, which secured the first of its two required planning approvals last week, the company said.
With a strong balance sheet and development pipeline, we are well-positioned to deliver growth over the remainder of the year, it added.
29 April 2021 | 08:34am
StockMarketWire.com - Natwest Group has reporting a pre-tax profit of £946million for the first quarter of the year, beating market expectations.
The bank s revenue was up almost 5% when compared with the final quarter of 2020 to £2.65bn, but was down 14% on the same quarter a year earlier.
Income across the UK and RBSI retail and commercial businesses, excluding notable items, decreased by £203 million, or 8.0%, compared with Q1 2020 reflecting the lower yield curve, subdued transactional business activity and lower consumer spending, partially offset by balance sheet growth.
Net lending decreased by £1.8 billion to £358.7 billion in comparison to Q4 2020. Across the UK and RBSI retail and commercial businesses, net lending excluding UK Government support schemes, increased by £2.2 billion on an annualised basis, including £3.4 billion related to mortgages.
27 April 2021 | 08:05am
StockMarketWire.com - Workspace brands operator IWG said revenue fell by more than fifth in the first quarter of the year as lockdowns restrictions continued to stifle demand for office space.
For the three months ended 31 March 2021, revenue fell 23.6% to £528.3 million, with pre-2020 occupancy down 820 basis points to 66.4%.
The opened 43 locations, including 10 from an acquisition, and closed 55 in the period.
Looking ahead, the company touted early signs of improvement. Performance has now started to show improvements on multiple KPIs as we exit the quarter, the company said. Occupancy is improving, enquiries reached pre-Covid-19 levels, an increasing pipeline of corporate customers on network-wide deals and, most importantly, service revenues starting to improve, it added
16 March 2021 | 13:34pm
StockMarketWire.com - WGSPN, a subsidiary of John Wood Group, has reached a civil settlement with Scotland s Civil Recovery Unit in relation to the historical engagement of Unaoil by a legacy joint venture and potential unlawful conduct.
The civil settlement relates to conduct in Kazakhstan in the period between 2008 and 2010.
A joint venture in the legacy PSN business, which was acquired by Wood in 2011, paid Unaoil a total of 1,358 million Kazakhstan Tenge (then approximately US$8.74m) in fees. Payments were on a commission basis and continued until 2015 although there is limited evidence of what services Unaoil provided for these fees.