Tag: Falkland Islands Company

• Wednesday, June 13th 2018 - 09:35 UTC

  FIH Group has seen pretax profit rise 74%

  

  Falklands-focused retail and logistics firm FIH Group PLC hiked its dividend on Tuesday after profit and revenue rose amid a much improved performance from its largest unit. For the year ended March, pretax profit widened 74% to GBP3.3 million from GBP1.9 million the year prior. This was after revenue rose 8.2% to GBP43.8 million from GBP40.5 million the year before.

• Wednesday, November 29th 2017 - 08:23 UTC

  FIH Group posted record revenue pushing profits 38%

  

  Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.

• Monday, April 10th 2017 - 23:06 UTC

  Falklands' government cautions FIH Group on changes in the company's control and its “beneficial interests”

  

  The British financial media is reporting the existence of a letter sent by the government of the Falkland Islands to Falkland Islands Holdings group, which is in the midst of a controversial takeover bid dispute with an Argentine fund. Last month the Dolphin fund controlled by the Buenos Aires property developer Eduardo Elsztain said it was considering a bid for FIC’s Aim-listed parent FIH Group.

• Wednesday, March 22nd 2017 - 09:12 UTC

  FIH considers acquisition approach from an Argentine fund as “unwelcome”

  

  The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.

• Saturday, March 18th 2017 - 09:52 UTC

  Falklands' Law compliance needed for any Islands' major assets change of ownership

  

  The Falkland Islands government, FIG, stated on Friday that any proposal change of ownership affecting assets held in the Islands will be scrutinized for compliance with Falklands law. The statement follows the Argentine Dolphin Fund's announcement to the London Stock Exchange, earlier this week, of its interest in taking over the private company Falkland Islands Holdings, FIH.

• Wednesday, June 15th 2016 - 11:27 UTC

  Falklands Holdings expects quieter period following suspension of oil exploration but trusts increased tourism

  

  Falkland Islands Holdings PLC on Tuesday reported a fall in pre-tax profit for its recently ended financial year, and said it expects to see a quieter period in the Falklands for the year ahead, to be offset by its Portsmouth Harbour Ferry and Momart businesses.

• Friday, October 23rd 2015 - 08:01 UTC

  Falklands contract seasonal foreign workers to boost dwindling local force

  

  A group of road workers are expected to start arriving in the Falklands Islands in early December to boost the dwindling local force. Falklands' Director of Public Works Colin Summers said that efforts to obtain agency workers were progressing well with up to nine workers sourced to be split between the FIG Highways Section and the Quarry.

• Tuesday, February 10th 2015 - 03:51 UTC

  Falkland Islands Holdings David Hudd steps down; new chairman is Edmund Rowland

  

  Falkland Islands Holdings chairman David Hudd has resigned from the board with immediate effect and been succeeded by non-executive deputy chairman Edmund Rowland, it was reported on Monday. John Foster continues as group managing director.

• Tuesday, July 29th 2014 - 06:39 UTC

  Falkland Islands Holdings announces expanded Share Incentive Plan for its staff

  

  The Falkland Islands Company has announced the expansion of its tax efficient share plan (Share Incentive Plan or SIP) which is open to all its 180 full time employees. The company believes in share ownership by staff and the public company status of its parent company, Falkland Islands Holdings plc (FIH), allows local staff to benefit from this in a meaningful way.

• Tuesday, November 26th 2013 - 09:08 UTC

  Falkland Islands Holdings sales up despite slowing down of the Islands economy

  

  Falkland Island Holdings PLC announced on Monday that its pre-tax profit increased slightly in its first half as strong sales at the company's London-based Momart operations offset increased costs at its Falkland operations. The international services group, which focuses on transport and logistics, said its underlying profit before tax was up 14.8% to £ 1.37 million for the six months ended September 30 compared to £ 1.19 million the previous year.