Market News - Page 775

The Board of McCarthy & Stone (“the Group”) today announces that Chief Executive Clive Fenton will retire and step down from the Board at the end of this financial year on 31 August 2018. The Board has commenced a search to identify Clive's successor….

Benchmark, the aquaculture health, genetics and advanced nutrition business is pleased to announce its interim results for the six months ended 31 March 2018 (the “period”)….

Highlights:
Share price total return +1.7%
NAV total return +1.8%
Quarterly dividends of 5.0p per share
High conviction, global contrarian investment approach
Award for reinvigorated investor communication…

The Conygar Investment Company PLC (“Conygar”), the property investment and development group, announces that it has exchanged contracts to forward sell its 80-bedroom hotel at Parc Cybi, on the outskirts of Holyhead, Anglesey to IM Properties PLC. The hotel is currently under construction and once built, it is subject to a 25 year lease with Premier Inn Hotels Limited….

The annual general meeting of M.P.Evans Group PLC is being held in London today. The following statement, presenting an update on trading conditions and progress on the Group's activities since the publication of the annual report in April, is being given at the meeting by the chairman, Peter Hadsley-Chaplin….

GROWTH PLANS ON TRACK – TOTAL UK & ROI SALES UP 3.5%…

ROLLS-ROYCE OUTLINES MID-TERM AMBITION

CAPITAL MARKETS EVENT JUNE 2018

· Details on restructuring plan; run-rate net cost savings of £400m p.a. by end of 2020

· Well-placed to now exceed free cash flow of £1bn by 2020; mid-term ambition for free cash flow per share to exceed £1

· Mid-term ambition for through-cycle cash flow return on invested capital of 15%

· Update on Trent 1000 cash costs for 2018 – Group free cash flow guidance maintained

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ROLLS-ROYCE CONFIRMS FUNDAMENTAL RESTRUCTURING

Simpler, leaner and more agile organisation
Driving continuous improvement across all parts of our business
Delivering improved returns; run-rate net cost savings of £400m p.a. by end of 2020
Transforming our business to support our world-leading technologies…