Capital Shopping Centres acquires Xscape Braehead from Capital & Regional
27th Dec 2012 07:02
Capital Shopping Centres is the sole owner of Xscape Braehead Partnership after acquiring the remaining stake in the company. The FTSE firm has purchased Capital & Regional's 50% interest in Xscape Braehead - which owns the family entertainment destination adjacent to its Braehead shopping centre -
Read moreBodycote CEO ditches chunk of shares
8th May 2012 16:16
Stephen Harris, who has held the role of Chief Executive Officer at FTSE 250 heat treatment firm Bodycote for over three years, sliced off a sizeable chunk of his shares on May 4th. Harris, who has also been a director of Spectris, ditched 94,000 shares at 421.00p each, earning himself the handsom
Read moreElektron chairman swoops after profit warning
22nd Nov 2011 14:30
Shares in instrumentation and electronics supplier Elektron took a tumble last Thursday following a profts warning, and have continued falling since, prompting company chairman Keith Daley to whip out his cheque-book and snap up some cut-price shares. Daley, who has been a shareholder in Elektron s
Read moreLancashire's president sells £1.39m worth of shares
9th Nov 2011 16:32
The president of Lancashire Holdings, the FTSE 250 insurance broker, has sold 330,000 shares in the firm less than one week after the firm paid a special dividend following a "solid performance". Neil McConachie, who joined the firm in February 2006, sold 100,000 shares at 732p, 150,000 at £7.50 a
Read moreAll hands on deck as Admiral non-exec buys
13th Sep 2011 14:06
Non-executive of Admiral, John Sussens's wife has bought £381,900 worth of shares in the insurance firm. This is the second purchase for wife Cheryl, increasing her stake in the company by 30,000 shares to a total of 52,000. The first purchase, made at the end of August, saw the shares purchased
Read moreStrong asset growth at Capital and Regional
23rd Aug 2011 12:56
Capital and Regional shot higher on Tuesday after announcing strong growth in net assets per share. The specialist property company said net assets at the end of June were worth 56p per share, up 12% from the year-end figure. On a European Public Real Estate Association (EPRA) basis, net asset valu
Read moreCapital&Regional to sell Morfa Shopping Park to Crown Estate
24th Jun 2011 10:20
Shopping centre owner Capital & Regional has today announced that its Junction Fund will sell Morfa Shopping Park Swansea to The Crown Estate for a price of £80.2m. Completion of the sale is anticipated to take place on 27 June 2011. The sale price reflects a NIY of 5.80% and a premium to the 31 Ma
Read moreCapital sees progress despite tough retail climate
18th May 2011 10:44
Shopping centre owner Capital & Regional said it saw growth in underlying income in the first quarter of 2011 and that continued demand for value and fashion retailers is helping it to cope with the tough climate. Capital, which counts the budget fashion chains Primark and Peacocks among its main t
Read moreLondon close: Miners push Footsie higher
23rd Mar 2011 17:19
Footsie ended the day close to its high point though that was largely due to the strength of mining stocks rather than a rapturous reception to the UK Budget. What did get a rapturous reception, at least for a while, was the news that the voting by the Monetary Policy Committee in March on interest
Read moreLondon afternoon: Housebuilders get Budget boost
23rd Mar 2011 15:00
It would appear that the UK Budget was far from a blockbuster as the market has reacted phlegmatically to the Chancellor's big day. The headline grabbing move was the commitment to effectively abolish National Insurance and push up income tax to compensate, but this will not take effect for some t
Read moreLondon midday: Back to square one
23rd Mar 2011 12:24
Footsie ended the morning more or less where it started it, as investors sit tight ahead of the Budget speech at 12:30pm. Resource stocks are in demand, with ENRC sitting atop a buoyant mining sector and Cairn leading oils higher. Underlying profits more than doubled last year at Kazakhstan-based
Read moreCapital return to profit
23rd Mar 2011 11:56
Capital & Regional Properties returned to profit in 2010 thanks to a positive contribution from associates and joint ventures. Associates and joint ventures loss £106.8m in 2009 but they contributed £45.2m in 2010. This led to a swing from a loss of £113.4m to a pre-tax profit of £46.4m. This enab
Read moreCapital & Regional buys Lincoln shopping centre
9th Feb 2011 14:16
Retail-focused property asset manager Capital & Regional has agreed to by a shopping centre in Lincoln - its first property acquisition since a capital raising in 2009. It is paying just under £25m for the city's Waterside Shopping Centre, which counts fashion chains such as New Look and Top Shop a
Read moreCapital & Regional seeking to invest
11th Nov 2010 14:08
Shopping centre property group Capital & Regional saw income and occupancy levels improve in the third quarter. Occupancy levels at its three UK funds rose to 94.8% at the end of September from 94.1% at the end of June. The occupancy rate at its German fund eased to 96.7% from 98.5%, reflecting the
Read moreSmall caps round-up: Capital & Regional, ServicePower, Regenersis
3rd Sep 2010 10:42
The Junction Fund, which is 13.4% owned by the property fund manager Capital & Regional has sold the St Andrews Quay Retail Park in Hull to Threadneedle Strategic Property Fund for £81.9m. Last month Capital & Regional's 16.7% owned Mall Fund raised £135.9m through the sale of four shopping centres
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