FYFFES has said that the harsh winter weather had an effect on trading towards the end of last year, but still expects profits for 2009 to come in at the upper end of its previously guided range of between €18 million and €22m.

FRUIT importer Fyffes has again raised its full-year earnings target for 2009 after posting good first-half profits.

BLACKROCK Land, the property development company spin off from Fyffes, said the proposed National Asset Management Agency (NAMA) will have a positive impact on the economy.

SHAREHOLDERS in the Irish-based international property development company, Blackrock International Land, were told yesterday all possibilities for improving shareholder value were being examined, in light of the negative effect on the firm’s portfolio from the economic downturn.

THE poor trading conditions of last year are reflected in the statement of Carl McCann, chairman of Blackrock International Land, whose annual report has just been published.

FRUIT distribution giant Fyffes is expecting its full-year adjusted earnings before interest and tax (EBIT) for 2008 to come in at about €15 million — the high-end of its previous guidance and ahead of most analyst expectations.

BLACKROCK International Land, the property development company spun off from Fyffes two years ago, has reported a pre-tax loss of a little less than €8 million for the first half of 2008, down from a profit before tax of €12.16m for the same period last year.

Releasing its interim results for the six months to June 30, property firm Blackrock International Land has today reported 5.1% decline in NAV to €37.46.

Blackrock International Land has today reported pre-tax profits of €13.1m for the 12 months ended December 31, 2007, down around 30% from the previous year’s figure.

ALMOST €140 million was spent by investment firm Blackrock International Land this year while it sold off assets worth almost €37m.

Property investment company Blackrock International Land has exchanged contracts for the sale of a three-acre site in Edinburgh for €6m, realising a profit after costs and before tax of €2.6m.

Blackrock International Land has announced that it has agreed to purchase a Class A office investment in Amsterdam for a total consideration, including costs, of €25.5m.

PROPERTY investment firm Blackrock International Land is entering a joint venture to acquire the campus of Edinburgh further education college Jewel and Esk Valley.

Blackrock International Land has announced that it has formed a new joint venture company with Total Produce which has agreed to acquire 135 acres of land in Dublin for a total outlay, including costs, of €25m.

O’Flynn Construction has increased its stake in listed property company Blackrock International Land.

CRH shares have seen a 27c surge in value after the company made a positive trading statement earlier today.

Property company Blackrock International Land has completed the purchase of the landmark Olympiades office building in the Evere district of Brussels for €42m.

BLACKROCK International Land is expected to grow its property assets to €430 million with its latest investments in Dublin and London.

BLACKROCK International Land has agreed to form a joint venture company with Dublin-based Cornerstone to develop a series of office buildings in London’s financial district.

The ISEQ-index of Irish shares has made modest gains with a 62.25 increase at 9532.87.

Blackrock International Land has announced that it has formed a new joint venture with Applecross Properties Limited to develop its 8.82 acre site at Chesser Avenue, Edinburgh.

New-look fruit distribution company Fyffes has announced before-tax profits of €22.3m for 2006.

ISEQ-listed property company, Blackrock International Land has reported pre-tax profits of €13.9m for the period since it was first listed in May of 2006 to December.

BLACKROCK INTERNATIONAL LAND, the property offshoot of Fyffes, has invested €13.5 million, including costs, to acquire lands near Dublin with development potential in the medium to long-term.

Blackrock International Land has invested €13.5m, including costs, to acquire lands near Dublin with development potential in the medium to long-term.

The holiday atmosphere seems to have descended on the market floor as trading took off to a slow start heading into the weekend.

Based on latest estimates for the period ISEQ-listed Blackrock International Land has announced that it expects an increase in its net asset value per share of in excess of 6% over the €0.355 that pertained on commencement of operations on 11 May 2006.

Fyffes' property company spin-off Blackrock International Land spent €13.5m on transactions between its inception on May 11 to June 30.

Property company Blackrock International Land plc has been admitted to trading on the IEX market of the Irish Stock Exchange and the AIM market of the London Stock Exchange.

FYFFES has confirmed that, at its EGM held in Dublin yesterday, shareholders adopted the proposed resolutions approving the de-merger of its property undertaking to Blackrock International Land and its subscription for 40% of Blackrock.