Chelsfield back into black
Wednesday 27 September 1995
The property group came under severe pressure during the recession, but has bounced back to report pre-tax profits for the six months to 30 June of pounds 4.3m. Chelsfield's shares fell 3p yesterday to 184p, compared to the float price two years ago of 155p. The half-time payout rose from 1.0p to 1.1p. Net assets per ordinary share rose from 161.6p to 179.1p.
Mr Bernerd said: "The interim results reflect a satisfactory operating performance in market conditions which remain subdued.
"The improvement in underlying performance is somewhat stronger than the headline figures would suggest and we are continuing to build the income base of the group."
Last time's results benefited from the reversal of a previous pounds 1.8m provision. This half-year was hit by a pounds 500,000 bill for administrative costs when Chelsfield bought the Chesham Place Estate in London's Belgravia for pounds 48.5m.
Mr Elliott said he is pushing to gain planning permission for a big expansion of the Merry Hill centre in Dudley, West Midlands. He is also helping to co-ordinate two investor groups to redevelop a 35-acre site in London's White City. Sums of pounds 500m have been mentioned in relation to Mr Elliott's plans to build the biggest single shopping centre in West London.
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 3 What are your fingerprint words?
- 4 Gary Lineker involved in Twitter row after presenter rubbishes claims he will be warned by BBC over foul-mouthed tweets
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...