Get Live Data

Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners
Tribe Technology set to deliver healthy pipeline of orders from Tier-One minersView Video
Andrada Mining acquisition elevates the miner to emerging mid-tier status
Andrada Mining acquisition elevates the miner to emerging mid-tier statusView Video

Latest Share Chat

  2. Share Prices
  3. Panther Securities Share Price
  4. Panther Securities Share News
  5. Beales seeking rent reduction on loss-making stores

Pin to quick picksPanther Securities Share News (PNS)

Panther Securities Information

Share Price Information for Panther Securities (PNS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 309.00
Bid: 284.00
Ask: 334.00
Change: 0.00 (0.00%)
Spread: 50.00 (17.606%)
Open: 309.00
High: 309.00
Low: 309.00
Prev. Close: 309.00
PNS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Beales seeking rent reduction on loss-making stores

Tue, 08th Mar 2016 11:05

(ShareCast News) - Another department store chain has announced plans to enter into a company voluntary arrangement, less than a week after British Home Stores announced similar proposals.The 29-store Beales chain said it would use the arrangement to negotiate with landlords of loss-making stores, seeking either a rent reduction or an exit from the location.Beales said the decision had been made to ensure its long-term viability, and added that its relationship with suppliers and concessionaires would not be affected."Most of Beales' stores are profitbale, including our main store in Yeovil, which is unaffected by the proposal," said chairman Stuart Lyons."However, a minority of our stores lose money because leases agreed some years ago are no longer sustainable due to changes in the economy and local conditions," he added.Lyons said the legacy leases had been dragging on the group's financial health.One of the group's largest landlords, the AIM-traded Panther Securities, said it would support the proposals. The company's largest supplier, Associated Independent Stores, had also agreed to support them.Shareholders and other relevant parties were being called to a meeting on 24 March to approve the arrangement.Beales, founded in 1881, was a listed company until April last year, when it was taken private by Andrew Perloff and his family interests.On Friday, British Home stores announced it was seeking rent reductions on 40 of its stores, as well as restructuring its store management, in its own company voluntary arrangement.
More News
13 Jun 2014 05:29

UK Dividends Calendar - Week Ahead

Friday, June 13 
Keller Grou

Read more
12 Jun 2014 15:14

UK Dividends Calendar - Week Ahead

Friday, June 13 
Keller Grou

Read more
12 Jun 2014 05:28

UK Dividends Calendar - Week Ahead

UK Dividends Calendar 
Read more
11 Jun 2014 15:12

UK Dividends Calendar - Week Ahead

UK Dividends Calendar 
Read more
30 Apr 2014 11:06

Panther Securities Remains Upbeat As It Swings To 2013 Profit

LONDON (Alliance News) - Property investment company Panther Securities PLC Wednesday said it swung to profit in 2013, after the previous year's results were hit by a loss on the movement in fair value of investment properties. AIM-listed Panther Securities posted a pretax profit of GBP8.2

Read more
25 Mar 2014 14:47

Panther Completes Acquisition, Extends Another's Deadline

LONDON (Alliance News) - Panther Securities PLC Tuesday said it has completed the acquisition of Park Road, Peterborough and paid for an extension to how long it has to acquire Queen Street, Mansfield. Panther Securities said the Park Road acquisition was completed on March 21. It cost GBP2

Read more
5 Nov 2013 11:20

Panther Securities Sells Site In Wales; Seeks Shareholder Approval For AIM Transfer

Read more
1 Aug 2013 15:50

Former Diageo CEO sells 3.9m-pound stake

Paul Walsh, the former Chief Executive Officer (CEO) of Diageo who now serves on the board as an advisor, sold nearly four million pounds of shares in the drinks giant on Thursday, just one day after the Guinness maker impressed the market with a solid increase in annual net sales. Walsh, who was

Read more
3 Dec 2009 16:25

Axis-Shield founder sells

Chief scientific officer Dr Erling Sundrehagen has sold 100,000 shares in diagnostics firm Axis-Shield at 408p a share. The sale raised £408,000. The share price fell 7p to 401p on the day of the announcement. Dr Sundrehagen still owns 79,645 shares in Axis-Shield. Back in May, Dr Sundrehagen rais

Read more
1 Sep 2009 08:32

Small caps round-up: MDM Engineering, Panther Securities, Stratex, ...

MDM Engineering, the minerals process and project management group that provides services to the mining industry in Africa, has been awarded a contract to undertake a scoping study for Rand Uranium. The scoping study will explore the economic viability of reprocessing medium grade gold and uranium

Read more
8 Jun 2009 09:10

Small caps round-up: Dwyka, Panther Securities, St Modwen ...

Dwyka Resources has received further backing for its possible all share offer for Minerva Resources from Golden Prospect Precious Metals. The letter of intent from Golden Prospect, which owns 3.5m Minerva shares, or 2.3% of the company, takes the level of support for the deal to 69m shares, or 44.

Read more
1234567

Quickpicks are a member only feature

Login to your account