19 May 2021 | 09:21am
StockMarketWire.com - Insulation and building envelopes provider Kingspan said it had commenced a limited share buy-back programme to repurchase up to 600,000 ordinary shares of €0.13 each.
The programme started on 19 May 2021 and would end no later than 30 June 2021, subject to market conditions.
At 9:21am: [LON:KGP] Kingspan Group PLC share price was 0p at 79.75p
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12 May 2021 | 09:44am
StockMarketWire.com - Precious and base metals exploration and development company Greatland Gold said it had commenced the underground decline access at Havieron Havieron gold-copper project. By providing access to the top of the orebody, the decline sets Havieron on course to become a large, multi-commodity, bulk tonnage, underground mining operation, the company said. Alongside the ongoing growth drilling, the next key milestone will see the completion of a Pre-Feasibility Study and we are on track to deliver this in the second half of 2021, it added.
At 9:44am: [LON:GGP] Greatland Gold PLC share price was 0p at 22.5p
23 April 2021 | 12:05pm
StockMarketWire.com - The FTSE 100 was down 0.4% to 6,907.48 by midday as investors continued to weigh Covid risks and even as US futures markets suggested a recovery on Wall Street later.
US stocks were materially weaker on Thursday on the Biden administration s latest tax plans.
Back in the UK, retail sales jumped by 5.4% in March from February, the Office for National Statistics said.
Public transport company FirstGroup rose 11.5% to 96.85p after entering into an agreement to sell its First Student and First Transit businesses to EQT Infrastructure for £3.3 billion.
The company proposed to return about £365 million of the proceeds, about 30 pence per share, to shareholders during the current calendar year.
23 April 2021 | 07:52am
StockMarketWire.com - Public transport company FirstGroup said it had entered into an agreement to sell its First Student and First Transit businesses to EQT Infrastructure for £3.3 billion.
The company proposed to return about £365 million of the proceeds, about 30 pence per share, to shareholders during the current calendar year.
There is potential for further distributions to shareholders in due course, following resolution of Greyhound, crystallisation of the First Transit earnout, and as UK end markets recover, the company said.
About £2,190 million of initial net proceeds would to be used in addressing longstanding liabilities.
The sale if expected to be completed in calendar H2 2021.
19 April 2021 | 07:59am
StockMarketWire.com - Building insulation group Kingspan said its outlook for the second quarter was positive after reporting a rise in first-quarter sales as orders increased.
For the first quarter, sales rose 24% to €1.28 billion year-on-year, led by strong sales in mainland Europe.
The company flagged significant raw material inflation as a key feature of the current trading environment, though said the associated recovery effort was ongoing and on track, albeit with a lag.
Mainland Europe was strongly ahead overall with Germany, France and the Benelux notably positive.
The Americas had an encouraging start to the year particularly in Latin America and order intake in North America significantly outpaced sales in the period, the company said.