Morning news wrap: Balfour Beatty, Whitbread, KEFI Minerals, Centerra Gold, Central African Gold
In the FTSE 100, hospitality group Whitbread (LSE: WTB) has agreed to sell five properties operating as Premier Inn and adjacent restaurants to M&G Investments, which will pay £36.65 million in cash and enter into 25 year leases with Whitbread, which will operate the properties. This represents a net initial yield of 5.5%.
In the FTSE 250, Balfour Beatty (LSE: BBY) has acquired Strata Construction, which specialises in the construction of affordable housing, for a total cash consideration of £10.3 million.
In AIM, Turkey and Saudi Arabia operating gold explorer KEFI Minerals (AIM: KEF) has finalized a joint venture (JV) agreement with Centerra Gold (TSX: CG) over its wholly owned Bakir Tepe project in south western Turkey.
Central African Gold (AIM: CAN) reported on its full year results, reporting a turnover of £14.1 million compared to £11 million for the previous year from the sale of 32,250 oz (ounces) of gold compared to 33,637 oz in the previous year.
Other UK Market Wrap articles
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18/12/09 The UK banking sector has split into a two tier system – Fat Prophets
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24/10/08 Shares plunge as Global Recession fears increase
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10/10/08 Is the FTSE 100 heading for 3280 low of 2003?
Other UK Market Wrap news
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13/03/10 Small caps follow blue chips as AIM All-Share and AIM 100 post marginal weekly gains
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13/03/10 Weekly news wrap: BP, Vodafone, Deutsche Post DHL, Morrisons, Prudential
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13/03/10 FTSE 100 holds on to last week's gains as European debt worries ease, US retail sales rise
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12/03/10 FTSE 100 inches higher as RBS, Inmarsat, BSkyB, British Airways, Thomas Cook and Man Group advance
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12/03/10 Morning news wrap: Discovery Metals, Baobab Resources, Lonrho and Planet Payment
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12/03/10 FTSE 100 set to recoup losses as Dow Jones, S&P 500 and NASDAQ rise
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11/03/10 Petrofac, Next, Thomas Cook, BT and Aggreko climb, but FTSE 100 falls as commodities tumble
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11/03/10 Morning news wrap: RSA Insurance Group, Old Mutual, BP, AstraZeneca, Morrison
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11/03/10 FTSE 100 seen lower ahead of US jobless claims data, commodities fall
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10/03/10 FTSE 100 turns positive as Petrofac, British Airways, Lloyds, RBS, ICAP and Fresnillo surge
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