Broker snap: Big Yellow has the right approach
22nd Nov 2010 11:06
Although underperforming sector peers in valuation terms, KBC Peel Hunt believe that self-storage firm Big Yellow is better financed and deserving of an improved share rating. "Management has skilfully steered the company through the worst of the downturn and positioned the company as the economy i
Read moreBig Yellow returns to profit, resumes divi
22nd Nov 2010 07:15
Self storage firm Big Yellow returned to the black in the first half of the year and resumed its dividend payment as occupancy levels continue to pick up. The group reported a pre-tax profit of £8.6m for the six months ended 30 September 2010 compared to a pre-tax loss of £3.4m the year earlier. Re
Read moreBig Yellow founder sells
30th Sep 2010 16:52
The wife of a Big Yellow non-executive director has sold £1.56m worth of shares in the self storage business. Deborah Burks, the wife of Philip Burks, sold 500,000 shares at an average price of 311.8p a share between 24 September and 29 September. This cuts Burks' stake to 4.67%. Burks was the fo
Read moreThursday tips round-up: Carillion, Xstrata, Big Yellow
8th Jul 2010 06:17
Carillion has been working to shed its traditional image as a construction company and accelerated the shift towards support services. The strategy appears to be paying dividends, at least according to yesterday's trading update. While economic uncertainties remain a worry for almost any business yo
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreUK SMALLCAP ROUNDUP: Aveva Eyes Boost From BP Gulf Spill
7th Jul 2010 12:30
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AVEVA GROUP PLC (AVV.LN), a maker of engineering software, said Wednesday that safety concerns following the Gulf of Mexico oil spill will likely increase de
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreUK SMALLCAP ROUNDUP: DS Smith To Acquire France's Otor
7th Jul 2010 09:30
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DS SMITH PLC (SMDS.LN) Wednesday said it agreed to acquire a French packaging business from Carlyle Group LP for EUR247 million to bolster its presence in co
Read moreLondon open: Blue chips head lower
7th Jul 2010 08:45
London's blue chips have retreated after the surge yesterday with a cautious update from Marks & Spencer dampening the mood. The High Street bellwether reported a 3.6% rise in UK like-for-like sales in the first quarter but is cautious about the outlook for consumer confidence and spending. Like fo
Read moreLondon pre-open: Shares to retreat
7th Jul 2010 07:39
London's blue chips look set to drop once again as investors mull a mixed bag of company results. City experts expects Footsie to give up 45 points after finishing just three points shy of its high point yesterday. High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for l
Read moreBig Yellow 1Q Revenue +10% At Own Units; Cautiously Optimistic
7th Jul 2010 07:35
LONDON (Dow Jones)--U.K. self-storage company Big Yellow Group PLC (BYG.LN) Wednesday posted a 10% on-year increase in first-quarter revenue from its stores, and said it is cautiously encouraged by its recent performance. Chief Executive James Gibson said part of the improvement can be attribut
Read moreBig Yellow enjoys "robust" quarter
7th Jul 2010 07:01
Storage firm Big Yellow Group said it enjoyed a "robust" quarter with a particularly "strong" June. Annualised store revenue, for the 51 wholly owned stores, rose 9% to £59.8m at 30 June 2010. Total store revenue was £14.4m for the quarter, up 10% from the same quarter last year. The 51 stores
Read moreTuesday tips round-up: Mitie, ITE, Kier
18th May 2010 06:44
Net debt of £87m gives outsourcer Mitie plenty of scope to pursue more acquisitions ? a topic on which it is making bullish noises. It is also taking its first tentative steps into continental Europe. At 238¼p, up 8¼p, or 12 times current-year earnings, Mitie has the longer-term potential to secur
Read moreLondon close: Flat finish for FTSE 100
17th May 2010 16:51
A late slide on the back of weakness in the US resulted in a flat finish for FTSE 100, which had been buoyant for most of the day following a recovery after Friday's slide. Life insurer Prudential's announcement of a rights issue barely moved the stock. Much of the news from the Pru was leaked befo
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