Big Yellow could start charging VAT under Budget proposal
22nd Mar 2012 07:47
Big Yellow Group, the FTSE 250 self-storage firm, has warned that due to proposals in yesterday's governmental Budget, it may need to charge value-added tax (VAT) to its customers from October 1st 2012. Shares dropped 4.04% to 297.48p in early trading. The rental of its self-storage units is curre
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreBig Yellow Q3 occupancy levels fall
11th Jan 2012 08:11
Self-storage firm Big Yellow said occupancy levels at its 52 wholly-owned stores fell by 1.7% of capacity in its typically quiet December quarter compared to a 2.3% decline a year ago but it made a positive start to January. The 250-listed storage company said closing occupancy was 2,034,000 sq ft
Read moreBig Yellow sees profits fall £2m
9th Dec 2011 12:19
Big Yellow, the 250-listed storage company, suffered a £2m drop in pre-tax profits for the half year ended 30 September. Comparing like-for-like, profit fell from £8.59m to £6.44m, after finance costs rose by more than £2m. Revenue for the period, which is the most seasonally strongest, grew slig
Read moreSector movers: Burberry drags personal goods stocks lower
23rd Nov 2011 15:15
Personal goods stocks were the worst performers on Wednesday afternoon, dragged lower by sector giant Burberry. The iconic British luxury brand was among the heaviest fallers on the FTSE 100 falling 4.47% to 1,113p as of 15:28. The decline comes after a key economic measure in China - a fast-growin
Read moreWednesday tips round-up: Big Yellow, Electrocomponents, Telecom Plus
23rd Nov 2011 06:11
The Times' Tempus column highlights Big Yellow's plans to halt further capital spending to improve debt. "If the capital spending tap is turned off, clearly there is potential for cash-flow...to rise considerably from the near-£30m each year at present," Martin Waller writes. Furthermore, while the
Read moreLondon close: Footsie extends losing streak
22nd Nov 2011 16:42
After spending almost all of the day in the blue and threatening to end a six-day losing streak, Footsie tumbled at the death to extend its miserable sequence. Disappointing third quarter gross domestic product data from the US played a part in London's late swoon. The second estimate for third qu
Read moreFTSE 250 Movers: Thomas Cook in talks with its bankers
22nd Nov 2011 13:15
Shares in travel firm Thomas Cook continued their downward spiral after the firm said it was in talks with its banks about borrowing more money. Shares dropped over 50% from the outset and were trading nearly 70% lower in the afternoon. Thomas Cook said it was going back to its banks because of a
Read moreLondon midday: Miners on the rise, defence stocks down on US fears
22nd Nov 2011 12:23
London's blue chip index held on to gains in morning trade, recovering after a six-day sell-off. While markets are still concerned with the ongoing troubles in the Eurozone, fears over the credit rating of the US eased after Standard & Poor's and Moody's reiterated their ratings last night. Neverth
Read moreBig Yellow's average revenues back to pre-recession levels
22nd Nov 2011 09:13
Investors were stocking up on shares of Big Yellow Group on Tuesday morning after the storage company announced improved occupancy growth across its portfolio in the first half of its financial year. The group achieved occupancy growth of 250,000 square feet (sq ft) across all stores in the six mon
Read morePremier Farnell director buys after shares wither
20th Jul 2011 17:04
Premier Farnell non-executive director Paul Withers has taken advantage of a recent weak spell in the electrical components and industrial products supplier's share price, spending nearly £55,000. He took 30,000 shares at 183p a go, and now has 70,000. Shares in Premier Farnell took a dive earlier
Read moreLondon close: BSkyB leads slide after US jobs disappointment
8th Jul 2011 16:49
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues. Newspaper group News Corporation, which hopes to take over the 60% of BSkyB it doesn't already o
Read moreLondon midday: BSkyB drags FTSE 100 lower
8th Jul 2011 12:07
The top share index is oscillating between gains and losses, with satellite broadcaster BSkyB the heaviest faller after the fallout from the turmoil at its suitor News International. News Corporation, which hopes to take over the 60% of BSkyB it doesn't already own, last night dramatically announc
Read moreLondon open: Financials lead gains
8th Jul 2011 08:40
Financial stocks were leading the risers on Friday morning, as the Footsie built on gains made on Thursday. Banking peers Barclays, Lloyds and RBS were among the best performers. Following suit were insurers Old Mutual, Aviva, Resolution, Prudential and RSA Insurance. Both Hammerson and British La
Read moreBig Yellow storing up increased revenues
8th Jul 2011 07:31
Storage barn operator Big Yellow saw 'occupancy growth' up from 143,000 square feet in the second quarter of 2010 to 162,000 square feet between April and June this year. Big Yellow wholly owns 52 of its stores, and at these outlets annualised revenue was up 7% compared to the first half of 2010 at
Read more