Summary
IN BRIEF US double-digit growth cheers Group 4 Securicor SHARES in Group 4 Securicor today hit a new high since the merger of the Anglo-Danish security group last year, after it said in a trading update that organic growth was up 6%. While the UK security business is flat, US guarding business Wackenhut is reporting double-digit growth. The shares rose briefly to 153p but later settled at 149p, down 3/4p.
Property price rises boost value of Warner break-up THE break-up value of Warner Estates, the property investment group, rose 16% to 551p from its Pounds 1.1 billion estate at the year ended 31 March, following another year of surging commercial property values. Warner's estate is now worth Pounds 1.9 billion after its recent acquisition with Anglo Irish Bank of Ashtenne Holdings. Pre-tax profits rose 39% to Pounds 21.9 million and the dividend is up 1.25p to 18.25p.See the full content of this document
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