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Bank Of Georgia Group PLC Shares News & Articles

Strong domestic economy and improving balance sheet see Bank of Georgia shares surge

Shares in Bank of Georgia (BGEO) are 171% higher than they were three years ago and up more than 20% in just the last six months to all-time highs of nearly £36.More good news if you are a shareholder is that the European lender has raised its interim dividend by 65% to 3.06 lari (0.92 pence) per share, while the board has approved a further 62 million (£18.6 million) of share buybacks.Improveme

FTSE falls as coronavirus cases spike, Centrica's out of gas, Lancashire leaps on strong results

China reported an increase in the number of deaths from and cases of coronavirus, while the first patient has been diagnosed in London, news that gave investors the jitters on Thursday. The FTSE 100 traded down 0.9% at 7,468.37, with its heavy weighting towards commodity stocks, which are particularly sensitive to events in China, contributing to the weakness.Barclays (BARC) cheapened 2.8% to 174.

Market report: UK stock markets stage recovery rally but inkjet print tech firm Xaar warns again

UK stock markets are on the front foot in early trade on Friday as investors are somewhat soothed by a bounce on Wall Street overnight.The leading FTSE 100 index rises by nearly 100 points to 6,683.60 at 10am, recovering some of the losses chalked-up during pre-Christmas trading sessions. Much of that can be related back to action across the pond in New York, where major US markets regained a posi

Newly split out Bank of Georgia in high growth mode although dollar risks remain

Bank of Georgia's (BGEO) first half results show a 29% increase in pre-tax profits to 232.6m Georgian lari (£71.1m).A lot has happened in the six months to June 30 2018, not least the company splitting itself in two. This came into effect at the end of May, the original BGEO business separating its retail banking arm (Bank of Georgia) from its higher risk investment operation, now called Georgia

Better apart: Why company break-ups can release hidden value and benefit shareholders

Demergers are back in fashion with five companies in the FTSE 350 index each preparing to split into two separately-listed entities. Another one has just completed its split and there are rumours that a further FTSE 350 stock could spin off one of its businesses.Unbundled companies often flourish because they have the freedom to be more entrepreneurial and not be part of a larger company where man
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