HomeServe
A very quiet end to the week in terms of reporting, but mid-cap HomeServe has published a short trading statement this morning ahead of its AGM later today. Numbers are in line with expectations and the company sees the prospects for the financial year as being attractive across all territories. Interestingly, the company flags strong growth in the US, which given a strengthening dollar and growing economy, could bode well for a company with stock denominated in Pounds.
easyHotels
easyHotels has published an update this morning, following the acquisition of a site in Dublin. The numbers here are interesting – for a 130 bedroom property, the total investment cost will be EUR18million. Granted this is a ‘super-budget’ brand, but at this price point the investment is being funded from surplus cash plus local debt financing, which will presumably appeal to investors.
Hogg Robinson
Hogg Robinson, founded almost 175 years ago, published a statutory note this morning, delisting its shares from the London Stock Exchange. The company was acquired by a travel division of American Express earlier this year, but it’s interesting to note that the business originally was built to provide mercantile and insurance interests in the City of London.
