Big Yellow lifts full year profits against slow economic growth
24th May 2016 07:40
(ShareCast News) - Full year pre-tax profits at storage company Big Yellow rose 7% to £112m against a backdrop of slower economic growth. Like-for-like closing group occupancy rose 3.5 percentage points to 76.7% compared with 73.2% last year. Average net achieved rent per square foot was £25.73, up
Read moreBig Yellow third quarter revenues rise; full year in line with expectations
12th Jan 2016 07:50
(ShareCast News) - Self storage group Big Yellow said said third quarter revenues were up 21% to £25.7m. On a like-for-like basis over the quarter, year on year revenue growth of 10% to £22.3m was slightly ahead of the first half of the year. Guidance for the full year remained in line with current
Read moreBroker tips: BAE Systems, UK life assurers, Big Yellow
11th Jan 2016 13:19
(ShareCast News) - JP Morgan Cazenove believes 2016 will be a big year for defence stocks and has upgraded BAE Systems from 'neutral' to 'overweight'. The investment bank on Monday cited a major escalation in geo-political tensions as a reason why it will be a good year for the sector, as well as it
Read moreBig Yellow Group has outstanding track record, says Investec
11th Jan 2016 13:03
(ShareCast News) - Big Yellow Group's target to double its earnings by 2022 doesn't look overly ambitious given its "outstanding" track record of growth, according to Investec on Monday. Investec issued an 'add' rating and target price of 834p to the self-storage company's stock ahead of its third q
Read moreBig Yellow lifts interim dividend as profit rises
17th Nov 2015 09:09
(ShareCast News) - Big Yellow posted a 69% rise in first half pre-tax profit and lifted its interim dividend as occupancy and revenue grew. The self-storage provider said pre-tax profit for the year to the end of September came in at £59.6m from £35.3m on revenue of £50.2m, up 26% from the same peri
Read moreFTSE 250 movers: Aveva Group drives market higher
20th Oct 2015 15:02
(ShareCast News) - The FTSE 250 was up mid-afternoon Tuesday to 16,974.63, rising 57.29 points (0.34%). Shares in engineering software company Aveva Group rallied after Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,450p from 1,977p. "Our discussions with various
Read moreBig Yellow quarterly revenue increases on regional portfolio acquisition
16th Jul 2015 09:00
(ShareCast News) - Self-storage provider Big Yellow Group reported an increase in revenue in the first quarter of the year, driven by the acquisition of its regional portfolio joint venture. The FTSE 250 group said its total revenue in the three months to the end of June was £24.1m, a 28% increase y
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreFTSE 250 movers: Big Yellow surges on rising profits, miners lower
19th May 2015 13:15
UK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:30GMT, the FTSE 250 was trading 134 points higher
Read moreBig Yellow Group annual profits rises on higher occupancy and prices
19th May 2015 08:33
Self storage provider Big Yellow Group saw its annual pre-tax profit rise, with revenue boosted by higher prices and improved occupancy rate. Pre-tax profit for the 12 months to 31 March surged 75.9% year-on-year to £105.2m, while revenue rose 17% to £84.3m FTSE 250-listed Big Yellow said. In a sta
Read moreThursday broker round-up
26th Mar 2015 17:39
Reckitt Benckiser: JP Morgan ups target price to 2,750p from 2,400p, reiterates underweight. Premier Farnell: UBS hikes target to 190p from 165p, reiterates neutral. Serco Group: Credit Suisse lowers target to 171p from 208p, reiterates neutral. Land Securities: Morgan Stanley ups target to 1,470p
Read moreBig Yellow Group reports loss in occupancy during third quarter
13th Jan 2015 10:27
Big Yellow Group reported an increase in revenues during the third quarter of the year despite a fall in occupancy. The storage group said the period is "always a seasonally weaker quarter", with a decrease in occupancy by 103,000 sq ft compared to a loss of 120,000 sq ft sale time last year. Howev
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreWednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
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