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<title><![CDATA[RNS press release - Annual Information Update ]]></title>
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<pubDate>Fri, 18 May 2012 16:00:00 +0100</pubDate>
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<title><![CDATA[Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</link>
<description><![CDATA[Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms]]></description>
<pubDate>Thu, 17 May 2012 09:59:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</link>
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<pubDate>Tue, 15 May 2012 15:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
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<pubDate>Tue, 08 May 2012 16:09:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Notice of AGM ]]></title>
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<pubDate>Fri, 04 May 2012 16:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho sales surge as African economy "booms" - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ]]></description>
<pubDate>Thu, 03 May 2012 14:15:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho sales surge as African economy "booms" ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</link>
<description><![CDATA[<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ]]></description>
<pubDate>Thu, 03 May 2012 08:27:00 +0100</pubDate>
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<pubDate>Mon, 30 Apr 2012 16:30:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Additional Listing ]]></title>
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<pubDate>Tue, 24 Apr 2012 13:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Posting of Annual Report and Accounts ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 18 Apr 2012 12:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 14:08:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 08:34:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Oceanfresh partners with Costco ]]></title>
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<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho has encouraging start to 2012 - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 16:19:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho has encouraging start to 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</link>
<description><![CDATA[<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 07:42:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Final results for 15 months to 31 December 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</link>
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<pubDate>Wed, 04 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</guid>
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<title><![CDATA[News - Lonrho to open first easyHotel in Africa by the end of 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</link>
<description><![CDATA[<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>]]></description>
<pubDate>Tue, 03 Apr 2012 08:38:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</guid>
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<title><![CDATA[RNS press release - first easyHotel to open in Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail]]></description>
<pubDate>Tue, 03 Apr 2012 00:00:00 +0100</pubDate>
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"title" => "Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business",
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"description" => "Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms",
"link" => "http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html"
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array(
"id" => "42332",
"title" => "News - Lonrho sales surge as African economy "booms" - UPDATE",
"pubdate" => "2012-05-03 14:15:00",
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"description" => "<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ",
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array(
"id" => "42307",
"title" => "News - Lonrho sales surge as African economy "booms"",
"pubdate" => "2012-05-03 08:27:00",
"seftitle" => "lonrho-sales-surge-as-african-economy-booms-42307.html",
"description" => "<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ",
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array(
"id" => "41348",
"title" => "News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE",
"pubdate" => "2012-04-11 14:08:00",
"seftitle" => "lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html",
"description" => "<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html"
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array(
"id" => "41328",
"title" => "News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale",
"pubdate" => "2012-04-11 08:34:00",
"seftitle" => "lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html",
"description" => "<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html"
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"title" => "RNS press release - Oceanfresh partners with Costco",
"pubdate" => "2012-04-11 07:00:00",
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array(
"id" => "41172",
"title" => "News - Lonrho has encouraging start to 2012 - UPDATE",
"pubdate" => "2012-04-04 16:19:00",
"seftitle" => "lonrho-has-encouraging-start-to-2012-update-41172.html",
"description" => "<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html"
),
array(
"id" => "41140",
"title" => "News - Lonrho has encouraging start to 2012",
"pubdate" => "2012-04-04 07:42:00",
"seftitle" => "lonrho-has-encouraging-start-to-2012-41140.html",
"description" => "<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html"
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array(
"id" => "120404lonr7751a",
"title" => "RNS press release - Final results for 15 months to 31 December 2011",
"pubdate" => "2012-04-04 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/"
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array(
"id" => "41074",
"title" => "News - Lonrho to open first easyHotel in Africa by the end of 2012",
"pubdate" => "2012-04-03 08:38:00",
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"description" => "03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail",
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<title><![CDATA[RNS press release - Annual Information Update ]]></title>
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<pubDate>Fri, 18 May 2012 16:00:00 +0100</pubDate>
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<title><![CDATA[Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</link>
<description><![CDATA[Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms]]></description>
<pubDate>Thu, 17 May 2012 09:59:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</link>
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<pubDate>Tue, 15 May 2012 15:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
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<pubDate>Tue, 08 May 2012 16:09:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Notice of AGM ]]></title>
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<pubDate>Fri, 04 May 2012 16:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho sales surge as African economy "booms" - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ]]></description>
<pubDate>Thu, 03 May 2012 14:15:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho sales surge as African economy "booms" ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</link>
<description><![CDATA[<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ]]></description>
<pubDate>Thu, 03 May 2012 08:27:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Lonrho Reports Strong First Quarter ]]></title>
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<pubDate>Thu, 03 May 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
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<pubDate>Mon, 30 Apr 2012 16:30:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Additional Listing ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</link>
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<pubDate>Tue, 24 Apr 2012 13:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Posting of Annual Report and Accounts ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 18 Apr 2012 12:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 14:08:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 08:34:00 +0100</pubDate>
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<item>
<title><![CDATA[RNS press release - Oceanfresh partners with Costco ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 16:19:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</link>
<description><![CDATA[<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 07:42:00 +0100</pubDate>
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<item>
<title><![CDATA[RNS press release - Final results for 15 months to 31 December 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho to open first easyHotel in Africa by the end of 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</link>
<description><![CDATA[<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>]]></description>
<pubDate>Tue, 03 Apr 2012 08:38:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - first easyHotel to open in Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail]]></description>
<pubDate>Tue, 03 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Annual Information Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120518lonr6861d/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 18 May 2012 16:00:00 +0100</pubDate>
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<item>
<title><![CDATA[Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</link>
<description><![CDATA[Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms]]></description>
<pubDate>Thu, 17 May 2012 09:59:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</guid>
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<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 15 May 2012 15:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 08 May 2012 16:09:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</guid>
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<title><![CDATA[RNS press release - Notice of AGM ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120504lonr7868c/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 04 May 2012 16:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ]]></description>
<pubDate>Thu, 03 May 2012 14:15:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</link>
<description><![CDATA[<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ]]></description>
<pubDate>Thu, 03 May 2012 08:27:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Lonrho Reports Strong First Quarter ]]></title>
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<pubDate>Thu, 03 May 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
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<pubDate>Mon, 30 Apr 2012 16:30:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Additional Listing ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</link>
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<pubDate>Tue, 24 Apr 2012 13:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Posting of Annual Report and Accounts ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 18 Apr 2012 12:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 14:08:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 08:34:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Oceanfresh partners with Costco ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho has encouraging start to 2012 - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 16:19:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</link>
<description><![CDATA[<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 07:42:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Final results for 15 months to 31 December 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho to open first easyHotel in Africa by the end of 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</link>
<description><![CDATA[<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>]]></description>
<pubDate>Tue, 03 Apr 2012 08:38:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</guid>
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<title><![CDATA[RNS press release - first easyHotel to open in Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[Broker press ]]></title>
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<description><![CDATA[03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail]]></description>
<pubDate>Tue, 03 Apr 2012 00:00:00 +0100</pubDate>
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array(
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"title" => "News - Lonrho sales surge as African economy "booms" - UPDATE",
"pubdate" => "2012-05-03 14:15:00",
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<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
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"title" => "News - Lonrho sales surge as African economy "booms"",
"pubdate" => "2012-05-03 08:27:00",
"seftitle" => "lonrho-sales-surge-as-african-economy-booms-42307.html",
"description" => "<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ",
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array(
"id" => "41348",
"title" => "News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE",
"pubdate" => "2012-04-11 14:08:00",
"seftitle" => "lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html",
"description" => "<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html"
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"title" => "News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale",
"pubdate" => "2012-04-11 08:34:00",
"seftitle" => "lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html",
"description" => "<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ",
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array(
"id" => "41172",
"title" => "News - Lonrho has encouraging start to 2012 - UPDATE",
"pubdate" => "2012-04-04 16:19:00",
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<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html"
),
array(
"id" => "41140",
"title" => "News - Lonrho has encouraging start to 2012",
"pubdate" => "2012-04-04 07:42:00",
"seftitle" => "lonrho-has-encouraging-start-to-2012-41140.html",
"description" => "<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html"
),
array(
"id" => "120404lonr7751a",
"title" => "RNS press release - Final results for 15 months to 31 December 2011",
"pubdate" => "2012-04-04 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/"
),
array(
"id" => "41074",
"title" => "News - Lonrho to open first easyHotel in Africa by the end of 2012",
"pubdate" => "2012-04-03 08:38:00",
"seftitle" => "lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html",
"description" => "<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html"
),
array(
"id" => "120403lonr6538a",
"title" => "RNS press release - first easyHotel to open in Africa",
"pubdate" => "2012-04-03 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2012-04-03 00:00:00",
"seftitle" => "",
"description" => "03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail",
"link" => ""
)
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<title><![CDATA[RNS press release - Annual Information Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120518lonr6861d/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 18 May 2012 16:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120518lonr6861d/</guid>
</item>
<item>
<title><![CDATA[Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</link>
<description><![CDATA[Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms]]></description>
<pubDate>Thu, 17 May 2012 09:59:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 15 May 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 08 May 2012 16:09:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Notice of AGM ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120504lonr7868c/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 04 May 2012 16:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120504lonr7868c/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ]]></description>
<pubDate>Thu, 03 May 2012 14:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</guid>
</item>
<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</link>
<description><![CDATA[<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ]]></description>
<pubDate>Thu, 03 May 2012 08:27:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Lonrho Reports Strong First Quarter ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120503lonr6248c/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 03 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120503lonr6248c/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120430lonr3720c/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 30 Apr 2012 16:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120430lonr3720c/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Additional Listing ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 24 Apr 2012 13:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Posting of Annual Report and Accounts ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 18 Apr 2012 12:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 14:08:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</guid>
</item>
<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 08:34:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Oceanfresh partners with Costco ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 16:19:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</guid>
</item>
<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</link>
<description><![CDATA[<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 07:42:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Final results for 15 months to 31 December 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho to open first easyHotel in Africa by the end of 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</link>
<description><![CDATA[<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>]]></description>
<pubDate>Tue, 03 Apr 2012 08:38:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - first easyHotel to open in Africa ]]></title>
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<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail]]></description>
<pubDate>Tue, 03 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Annual Information Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120518lonr6861d/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 18 May 2012 16:00:00 +0100</pubDate>
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<title><![CDATA[Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</link>
<description><![CDATA[Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms]]></description>
<pubDate>Thu, 17 May 2012 09:59:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</link>
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<pubDate>Tue, 15 May 2012 15:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</link>
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<pubDate>Tue, 08 May 2012 16:09:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Notice of AGM ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120504lonr7868c/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 04 May 2012 16:00:00 +0100</pubDate>
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<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ]]></description>
<pubDate>Thu, 03 May 2012 14:15:00 +0100</pubDate>
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</item>
<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</link>
<description><![CDATA[<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ]]></description>
<pubDate>Thu, 03 May 2012 08:27:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Lonrho Reports Strong First Quarter ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120503lonr6248c/</link>
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<pubDate>Thu, 03 May 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120430lonr3720c/</link>
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<pubDate>Mon, 30 Apr 2012 16:30:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Additional Listing ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</link>
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<pubDate>Tue, 24 Apr 2012 13:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Posting of Annual Report and Accounts ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 18 Apr 2012 12:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 14:08:00 +0100</pubDate>
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</item>
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<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 08:34:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Oceanfresh partners with Costco ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</link>
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<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Lonrho has encouraging start to 2012 - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 16:19:00 +0100</pubDate>
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</item>
<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</link>
<description><![CDATA[<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 07:42:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Final results for 15 months to 31 December 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho to open first easyHotel in Africa by the end of 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</link>
<description><![CDATA[<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>]]></description>
<pubDate>Tue, 03 Apr 2012 08:38:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</guid>
</item>
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<title><![CDATA[RNS press release - first easyHotel to open in Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</guid>
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<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail]]></description>
<pubDate>Tue, 03 Apr 2012 00:00:00 +0100</pubDate>
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array(
"id" => "42332",
"title" => "News - Lonrho sales surge as African economy "booms" - UPDATE",
"pubdate" => "2012-05-03 14:15:00",
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<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
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"title" => "News - Lonrho sales surge as African economy "booms"",
"pubdate" => "2012-05-03 08:27:00",
"seftitle" => "lonrho-sales-surge-as-african-economy-booms-42307.html",
"description" => "<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ",
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array(
"id" => "41348",
"title" => "News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE",
"pubdate" => "2012-04-11 14:08:00",
"seftitle" => "lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html",
"description" => "<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html"
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"title" => "News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale",
"pubdate" => "2012-04-11 08:34:00",
"seftitle" => "lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html",
"description" => "<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html"
),
array(
"id" => "120411lonr0637b",
"title" => "RNS press release - Oceanfresh partners with Costco",
"pubdate" => "2012-04-11 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/"
),
array(
"id" => "41172",
"title" => "News - Lonrho has encouraging start to 2012 - UPDATE",
"pubdate" => "2012-04-04 16:19:00",
"seftitle" => "lonrho-has-encouraging-start-to-2012-update-41172.html",
"description" => "<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html"
),
array(
"id" => "41140",
"title" => "News - Lonrho has encouraging start to 2012",
"pubdate" => "2012-04-04 07:42:00",
"seftitle" => "lonrho-has-encouraging-start-to-2012-41140.html",
"description" => "<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html"
),
array(
"id" => "120404lonr7751a",
"title" => "RNS press release - Final results for 15 months to 31 December 2011",
"pubdate" => "2012-04-04 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/"
),
array(
"id" => "41074",
"title" => "News - Lonrho to open first easyHotel in Africa by the end of 2012",
"pubdate" => "2012-04-03 08:38:00",
"seftitle" => "lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html",
"description" => "<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html"
),
array(
"id" => "120403lonr6538a",
"title" => "RNS press release - first easyHotel to open in Africa",
"pubdate" => "2012-04-03 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2012-04-03 00:00:00",
"seftitle" => "",
"description" => "03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail",
"link" => ""
)
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<item>
<title><![CDATA[RNS press release - Annual Information Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120518lonr6861d/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 18 May 2012 16:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120518lonr6861d/</guid>
</item>
<item>
<title><![CDATA[Media files - Lonrho CEO says 2012 is all about delivering strong growth across the business ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</link>
<description><![CDATA[Geoffrey White, CEO of Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>), tells Proactiveinvestors that the speed that Africa is growing means that the recent growth numbers that Lonrho has produced can be sustained. Geoffrey says that having completed the investment and building phase through to the end of 2011, 2012 is all about delivering strong growth on all its platforms]]></description>
<pubDate>Thu, 17 May 2012 09:59:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1155/lonrho-ceo-says-2012-is-all-about-delivering-strong-growth-across-the-business-1155.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 15 May 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120515lonr3953d/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 08 May 2012 16:09:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120508lonr9127c/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Notice of AGM ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120504lonr7868c/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 04 May 2012 16:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120504lonr7868c/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment and share price---</strong></p>
<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. </p>
<p>It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p>
<p>Broker Panmure said today's results were an early indication of Lonrho's potential growth.</p>
<p>"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.</p>
<p>The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.</p>
<p>As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.</p>
</p> ]]></description>
<pubDate>Thu, 03 May 2012 14:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42332/lonrho-sales-surge-as-african-economy-booms-update-42332.html</guid>
</item>
<item>
<title><![CDATA[News - Lonrho sales surge as African economy "booms" ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</link>
<description><![CDATA[<p>A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>).</p>
<p>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.</p>
<p>Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.</p>
<p>The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.</p>
<p>Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.</p>
<p>Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.</p>
<p>Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.</p>
<p>Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.</p>
<p>The hotel is scheduled to be open before the end of 2012.</p>
<p>David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming. </p>
<p>As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."</p> ]]></description>
<pubDate>Thu, 03 May 2012 08:27:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42307/lonrho-sales-surge-as-african-economy-booms-42307.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Lonrho Reports Strong First Quarter ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120503lonr6248c/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 03 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120503lonr6248c/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120430lonr3720c/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 30 Apr 2012 16:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120430lonr3720c/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Additional Listing ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 24 Apr 2012 13:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120424lonr9608b/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Posting of Annual Report and Accounts ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 18 Apr 2012 12:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120418lonr5356b/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild-caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage.<br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."<br /><br />Broker Panmure Gordon said the deal replaced the supply of hake under the Oceanfresh brand but should increase the overall volumes of hake supplied to Costco. <br /><br />"The deal indicates the ongoing progression of Oceanfresh’s capabilities and the increased confidence of retailers in these capabilities," it said in a note.<br /><br />The broker reiterated its 'buy' recommendation and 21 pence price target.<br /><br />As at 2.05 pm, Lonrho shares were up 2.04 per cent, to change hands at 12.50 pence.</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 14:08:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41348/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-update-41348.html</guid>
</item>
<item>
<title><![CDATA[News - Lonrho division Oceanfresh wins new supply deal from Costco Wholesale ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</link>
<description><![CDATA[<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) said its Oceanfresh Seafood division has entered into a new supply partnership with Costco Wholesale of the US.<br /><br />The agreement will see Oceanfresh supply its sustainably sourced wild caught Hake loins for Costco's premium 'Kirkland Signature' brand.<br /><br />The first shipments are en route to the US and the product will soon become available through Costco Wholesale stores there, with planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a later stage. <br /><br />Lonrho has been supplying Hake fillets to Costco under its Oceanfresh brand and has seen growing customer demand for the product.<br /><br />Costco is one of the world's largest retailers with revenues of US$88.9 billion last year, operating 600 warehouses in eight countries.<br /><br />Lonrho's executive chairman David Lenigas said: “This contract reflects the increasing customer demand for a high quality, wild caught and sustainably sourced product and will be fulfilled through the supply chain infrastructure which we already have in place."</p> ]]></description>
<pubDate>Wed, 11 Apr 2012 08:34:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41328/lonrho-division-oceanfresh-wins-new-supply-deal-from-costco-wholesale-41328.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Oceanfresh partners with Costco ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411lonr0637b/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</link>
<description><![CDATA[<p>
<p><strong>---Adds broker comment---</strong></p>
<p>Africa-focused conglomerate Lonrho (<a href="/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.</p>
<p>The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.</p>
<p>It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.</p>
<p>Of this, the firm's major agribusiness accounted for £22.1 million of revenue.</p>
<p>Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.</p>
<p>For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.</p>
<p>As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.</p>
<p>A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.</p>
<p>Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.</p>
<p>"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."</p>
<p>The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.</p>
<p>Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.</p>
<p>In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.</p>
<p>The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.</p>
<p>Passenger numbers continue to grow on all routes, it added.</p>
<p>Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."</p>
</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 16:19:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41172/lonrho-has-encouraging-start-to-2012-update-41172.html</guid>
</item>
<item>
<title><![CDATA[News - Lonrho has encouraging start to 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</link>
<description><![CDATA[<p> </p>
<p>Africa-focused conglomerate Lonrho (<a href="http://www.proactiveinvestors.co.uk/companies/overview/970/lonrho-plc-0970.html" class="companyPopupTrigger" rel="970">LON:LONR</a>) has started 2012 encouragingly with new business wins across all divisions.<br /><br />The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.<br /><br />It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.<br /><br />Of this, the firm's major agribusiness accounted for £22.1 million of revenue.<br /><br />Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.<br /><br />For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.<br /><br />As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.<br /><br />A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.<br /><br />Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012. <br /><br />"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."<br /><br />The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.<br /><br />Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.<br /><br />In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network. <br /><br />The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.<br /><br />Passenger numbers continue to grow on all routes, it added.<br /><br />Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.<br /><br />The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 07:42:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41140/lonrho-has-encouraging-start-to-2012-41140.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Final results for 15 months to 31 December 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404lonr7751a/</guid>
</item>
<item>
<title><![CDATA[News - Lonrho to open first easyHotel in Africa by the end of 2012 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</link>
<description><![CDATA[<p>This is the first easyHotel the Africa-focused conglomerate is opening under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. By 2016 there should be 50 across the continent.</p>]]></description>
<pubDate>Tue, 03 Apr 2012 08:38:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41074/lonrho-to-open-first-easyhotel-in-africa-by-the-end-of-2012-41074.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - first easyHotel to open in Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403lonr6538a/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[03.04.12: +0.25, (12.75) Press: Lonrho rose on news of the opening of the first easyHotel in Johannesburg. The company has an exclusive franchise agreement with Sir Stelios Haji-Ioannou?s easyGroup. easyHotel will be the first trans-continental hotel brand in Africa specifically designed to be accessible to many at a highly competitive price. Source - Mail]]></description>
<pubDate>Tue, 03 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
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---Adds broker comment and share price---
A “booming” African economy and strong growth from its agribusiness and airline operations helped underlying revenues surge at Lonrho (LON:LONR).
On a comparable basis, sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.
Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.
Its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division, it said.
Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.
Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.
Agribusiness revenues rose by an underlying thirty per cent, while the airline and transport arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.
Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup.
It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.
The hotel is scheduled to be open before the end of 2012.
David Lenigas, Lonrho's executive chairman, said: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming.
"As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."
Broker Panmure said today's results were an early indication of Lonrho's potential growth.
"We expect momentum to build as new contracts in agribusiness, infrastructure and hotels ramp up through FY 2012E, and we maintain our forecasts for adjusted PBT (profit before tax) of £20.8m," said analyst Damian McNeela in a note.
The broker repeated its 'buy' rating for the stock and 21 pence-a-share price target.
As at 2.10pm, Lonrho shares were up 2.33 per cent, to change hands at 11 pence each.
]]>On a comparable basis sales rose by 26 per cent in the three months to March while gross margins improved to 24.7 per cent.
Total turnover at the Africa-focused conglomerate rose by 75 per cent to £58.9 million.
The firm said its Agri-logistics business had been helped by new contracts that allowed it to increase load capacity, efficiency and volumes and boosted margins across the agribusiness division.
Lonrho also agreed to buy LonAgro Tanzania to add a third territory to the Lonrho - John Deere partnership in Africa, supplementing the existing relationships in Mozambique and Angola.
Lonrho has also agreed with John Deere for the opening of a dealership in South Sudan, to become operational this quarter.
Agribusiness revenues rose by an underlying thirty per cent, while the airline and tranpsort arm saw a 55 per cent leap as a second aircraft at Fly540 Angola increased the number of routes and capacity. A third aircraft will become operational this month.
Lonrho also recently signed an exclusive franchise agreement for Africa with Sir Stelios Haji-Ioannou's easyGroup. It will develop the first easyHotel at the historic former Stuttafords department store building in the Johannesburg Central Business District in South Africa.
The hotel is scheduled to be open before the end of 2012.
David Lenigas, Lonrho's executive chairman, commented: "Lonrho's core businesses remain focused on servicing the growth of the emerging African market and in contrast to much of the world, the continent's economy is booming.
As a result of our strategic alignment with the growth of Africa, Lonrho continues to see strong demand across each of its business divisions."
]]>---Adds broker comment---
Africa-focused conglomerate Lonrho (LON:LONR) has started 2012 encouragingly with new business wins across all divisions.
The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.
It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.
Of this, the firm's major agribusiness accounted for £22.1 million of revenue.
Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.
For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.
As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.
A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.
Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.
"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."
The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.
Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.
In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.
The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.
Passenger numbers continue to grow on all routes, it added.
Following today's results, broker Panmure said in a note: "We continue to believe that the 2012 will be a year of significant profit growth and reiterate our Buy recommendation and 21p price target."
]]>Africa-focused conglomerate Lonrho (LON:LONR) has started 2012 encouragingly with new business wins across all divisions.
The company today reported strong revenue and profit growth in 2011 as the firm sees rapid development in the emerging African market.
It reported revenue for continuing operations of £46.1 million in the final quarter of an extended 15 month financial year to December 31 - representing a 67 per cent increase from the same period in 2010.
Of this, the firm's major agribusiness accounted for £22.1 million of revenue.
Because of the group's increasing profit expectations over coming years, it intends to introduce a dividend policy to be announced this year and put in force in 2013.
For the 15 months, net operating profit was £6.8 million, up from a break-even position in the 12 months to September 2010.
As at December 31, net assets stood at £155.7 million, compared to £151.6 million as at three months earlier on September 30, 2011 and £127.7 million on September 30, 2010.
A the end of last year, the firm had £12.7 million in cash, compared to £14.6 million at September 30, 2011 and £7.8 million at September 30, 2010.
Chairman David Lenigas said: "Lonrho has made good progress during the period to the end of 2011. Financial performance in the final quarter of the year has been very encouraging and gives confidence moving into 2012.
"Having completed the company's strategic investment programme, each operating division is well aligned to service the expansion in demand from the growth in emerging Africa and now has the necessary infrastructure and platforms in place to deliver strong growth and improved margins for 2012 and beyond."
The group operates across five divisions - agribusiness, transportation, infrastructure, hotels and support services.
Among the highlights of the final quarter, in the infrastructure business, Luba Freeport, the oil logistics terminal, saw a significant increase in drilling and exploration activity in the Gulf of Guinea.
In transportation, Fly540 began flights in Ghana between four domestic destinations completing the third strategic hub to the network.
The airline also enjoyed a strong Christmas period flying a total of 58,619 passengers in December, Lonrho said.
Passenger numbers continue to grow on all routes, it added.
Yesterday, the company announced it would open the first easyHotel.com branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup.
The Africa-focused conglomerate is turning the historic former Stuttafords Department Store building in the Johannesburg Central Business District (CBD) in South Africa into the easyHotel Rissik Street.