Ian Pollard – Safestyle #SFE lifts veil of secrecy

Safestyle UK plc SFE The Board has rushed out a clarification of yesterdays rather surprising announcement about its trading prospects and admits that it is considering arrangements with key stakeholders in NIAMAC Developments Ltd which could benefit Safestyle’s business and accelerate its recovery.

Interco. Hotels Group plc IHG delivered a good third quarter with the best performance for signings and openings in a decade. Nineteen thousand rooms were opened in the quarter, a year on year rise of 70%. Net system size rose 5.1% year on year to 826k rooms.$500m will be returned to shareholders via a special dividend with share consolidation to be paid in Q1 2019, subject to shareholder approval. This will bring the total returns to shareholders  to $13.5bn since 2003.

Dechra Pharmaceuticals plc DPH updates prior to its AGM today that the first quarter produced continued year on year above market growth. The Board is confident that for the current financial year, it will continue to out-perform  the markets in which it operates.

Intu Properties plc INTU confirms that on 11 October 2018 it received an indicative proposal of 205 pence per share in cash, subject to an adjustment for dividends. The proposal came from a consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group. On the 17th October the proposal was revised upwards to to 215 p. per share.

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