17/09/1999
Southampton has been bouncing with news in recent weeks. The parent company of the football club announced the sale of its stadium to Barrett Homes for a consideration of £5m, and the purchase of a disused gasworks at St Mary's for £4.3m. The £30m development of the replacement to The Dell, to be financed through debt and a placing and open offer intended to raise £3.05m, will allow for a greater capacity, alongside money-spinning corporate hospitality facilities. Southampton's final results again reflected the importance of Premiership status. The football club's 22nd consecutive year in the Premier League saw pre-tax profits soar 48% to £2m on turnover ahead 8% to £15.9m. Costs jumped 44%, though the bottom line was buoyed by £7.2m from the disposal of players. The group stated that its healthcare subsidiary, Lifeways, achieved profitability for the first time since its purchase, on turnover up 50% to £2.4m. Both the range of services offered and regional locations are to be expanded. EPS rose to 5.64p (2.74p), and an interim dividend of 1p was maintained.
Free Business Banking
Free banking for UK businesses - apply online for free business bank accounts and payment cards.
Small Business Bank Account
All Exclusive Small Business Bank Account Secrets Revealed Right here. Grab your Small Business Bank Account Bargain Today!
Find Small Business Banking Services at Ask.com
Whatever type of banking services you're looking for, find them with Ask.com. Browse a wide range of financial providers and find what you're looking for in seconds.