Date: Monday 28 May 2012
Globo, the mobile telecoms and software firm, said trading during 2012 to date had been strong with international revenues and profits dominating the group's overall performance. During the first five months of 2012, the company won additional contracts with five new Mobile Value Added Services Providers operating in Central America, Africa, Middle East and had business with a total 24 Mobile Network Operators in 17 countries, it said.
GCP Infrastructure Investments, infrastructure fund that floated last summer, reported a net asset value of 100.9p per ordinary share and 98.30p per C Share for the six months to the end of March. It warned that with the pension fund industry "moving cautiously at best" and the continuing lack of long-dated infrastructure lenders, there were significant uncertainties surrounding both the structure and financing of future UK infrastructure projects.
Jersey-based real estate investment company Max Property said net asset value per share was up 2.6% to 133.4p per share in the year to March 2012. The company said this growth was primarily down to net rental surpluses. It said it had seen a noticeable drop off in take-up in all sectors over recent months as occupiers put off decisions due heightened uncertainty. But it added that "the pendulum of investor sentiment is likely to swing into negative territory setting the scene for better buying conditions".
Political publisher Dods said revenue fell to £15.3m in 2011 from from £16.1m the year before. The company widened its losses to £1.07m but said it was in a stronger position than the previous year due to changes to its business, including an increasing amount of revenue coming from digital and events. However, uncertainty surrounds the Civil Service Learning contract, of which Dods is part of the winning tender. "It is still not completely clear how the volumes from this contract will arise - and over what period," the firm said. "This will greatly influence the results for the current financial period."
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