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UK companies news: Berkeley Group Interim Results, Rio Tinto Investment, Royal Bank of Scotland Disposal
December 2, 2011, Friday, 08:21 GMT | 03:21 EST | 12:51 IST | 15:21 SGT
Berkeley Group Interim Results saw PBTup over 64% to £101.1m on revenue ahead 20.4% at £404.9m. Net asset value per share rose 8.7% to 770.8 pence and it has net cash of £13.9m. It added that its strong Balance Sheet means that it is well-positioned to capitalise on current market conditions.
Rio Tinto Investment. It is to invest $2.7bn to complete the modernisation of the Kitimat aluminium smelter in Canada. This new investment will allow for completion of the $3.3bn project in 2014.
Royal Bank of Scotland Disposal. It has sold its tenanted pub business to Heineken for £422m.
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