One Heritage Group shares jump 53.33% to 23p on acquisition of development land on Victoria Road, Eccleshill, West Yorkshire
One Heritage Group, residential developer focused on the North of England, announced it has completed the acquisition of development land on Victoria Road, Eccleshill, West Yorkshire for £1m. Construction is expected to start Q4 2022, with completion in Q3 2024.
Knights Group Holdings shares jump 22.11% to 116p on higher revenue driven by acquisitions
Knights Group Holdings reported 22% revenue rise to £125.6m in today's full year results. Profit before tax fell from £5.5m to £1m, however, as staff costs increased 23% to £76.9m. Chairman Bal Johal commented: "Growth in the year principally reflects acquisitions, with in-year acquisition contributing c. £5.8m and the full year impact of prior year acquisitions delivering an additional £14.8m, giving total revenue growth from acquisitions of £20.6m (20%)."
Creightons shares fall 28.31% to 39p on lower profit and dividend uncertainty
Creightons reported 0.7% lower total revenue to £61.2m in its preliminary results for the year ended 31 March. Profit decreased 19.1% to £4.37m, and profit after tax decreased by £1.2m to £3.1m (2021: £4.3m). Administrative expenses increased 12% to £18.3m as a result of a general rise in overhead costs.
The Company did not announce a final dividend for the year ended 31 March 2022 (2021: 0.50p). The total dividend paid for the year ended 31 March 2022 was 0.15p (2021: 0.65p)
Cornerstone shares fall 29.22% to 11.75p on CEO change
Cornerstone shares soared 121.33% yesterday on stellar H122 results, including 129% higher revenue YoY. Today shares corrected down 29.22%, mostly due to an unexpected announcement of a CEO change. Cornerstone announced its CEO Julian Wheatland was stepping down effective immediately without a successor ready. The Company will immediately embark on a search for a replacement.
Global Ports Holding shares fall 21.05% to 90p on termination of takeover talks
Global Ports Holding (the Company) announced that following an expression of interest made on 15 June by Swiss-based MSC Mediterranean Shipping Company Holdings to fully acquire the Company in an all-cash offer, talks have now been terminated by Global Ports Holding. The Company explained it was confident about its strategic direction as an independent port operator.