Capital & Reg still deep in red
18th Mar 2010 13:16
Property fund manager Capital & Regional's full year pre-tax loss dropped to £113m compared a loss of £516m in 2008 and it is still cautious over the direction of rental values. Last year was hit by falling valuations and dilutions as a result of the part-sale of the German portfolio and capital ra
Read moreTuesday tips round-up: Bunzl, Asos, Pennon
19th Jan 2010 06:42
Boring it may be, but Bunzl ? the distributor of carrier bags, plastic cutlery, protective masks and thousands of other disposable items for grocers, cleaners and caterers ? is one of the stock market's best barometers. Left to its own devices, its sales can be relied upon to grow just ahead of GDP,
Read moreSmall caps round up: Capital & Regional, Formation, ILX...
14th Dec 2009 08:18
Property asset manager Capital & Regional announced that the Junction Fund has sold Kittybrewster Retail Park in Aberdeen and Slough Retail Park to Fund Managers Threadneedle Property Investments for a price of £81.74m. Capital & Regional has an interest of 13.4% in the Junction Fund. Shares in pro
Read moreCapital & Regional's Mall Fund sells shopping centre
27th Nov 2009 14:06
Property asset manager Capital & Regional said its Mall Fund has sold Bexleyheath Shopping Centre to LaSalle Investment Management for £97.9m including a sum of £3.3m conditional upon achieving rental uplifts on certain lease renewals. The price of £97.9m represents a deemed net initial yield of 7.
Read moreRound-up: Capital & Regional, International Ferro, Synergy Healthcare...
12th Nov 2009 14:11
Property fund manager Capital & Regional reports valuations in the UK fund businesses, particularly in retail warehouses, are trending higher in the fourth quarter. This reflects the strength of the investment market which is likely for the balance of this year to outweigh pressure on income. C&R
Read moreLondon close: Blue chips at 10½-month high
20th Aug 2009 16:28
A brace of better than expected US data reinvigorated markets early afternoon Thursday, helping London close at it highest since early October. The Philadelphia Fed manufacturing index rose to +4.2 in August from -7.5 in July, while the Conference Board's index of leading economic indicators rose 0
Read moreLondon afternoon: Prices bubble over
20th Aug 2009 14:14
Equity prices came off the top over the lunch-time session but remain firmly in the blue, albeit in thin trade, largely due to the strength of miners. Mining giant Rio Tinto is higher despite seeing profits falling by more than half in the six months to June 30 as it felt the impact of sharply lowe
Read moreLondon midday: Retail sales give a boost
20th Aug 2009 12:10
July's retail sales figures have given a lift to an already buoyant equity market. Figures revealed sales grew 0.4% from June, putting the annual increase to 3.3%, the highest since May 2008. Economists had predicted a rise of just 0.2% for July following June's 1.2% gain and a 2.7% year-on-year imp
Read moreCapital & Regional slumps on placing, loss
20th Aug 2009 09:50
Shares in Capital & Regional plummeted more than 45% after the property fund manager reported a half-year loss and announced a £69.2m capital raising. The group said it intends to raise the cash through a placing to new cornerstone investor Parkdev and an underwritten placing and open offer to ord
Read moreLondon close: Footsie finishes ahead
20th Jul 2009 16:41
London's top stocks remained in the same range and closed with good gains as financials and miners had a strong day. Wall Street starting higher also helped. Sentiment was lifted in the US after reports that lender CIT Group has obtained a last-minute emergency financing rescue deal worth $3bn. Ll
Read moreLondon afternoon: Strong US opening keeps Footsie ahead
20th Jul 2009 15:47
A strong start on Wall Street has kept Footsie in the blue though it has lost some of its early momentum. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back bill
Read moreLondon midday: Banks lead Footsie higher
20th Jul 2009 12:21
Blue chips have continued their recent surge with banks among the top risers as sentiment in the sector is boosted by last week's earnings reports from US rivals. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of i
Read moreLondon open: Good start for Footsie
20th Jul 2009 08:41
Footsie has started the week well after the bumper gains seen on Wall Street at the end of last week. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back billions
Read moreLondon pre-open: Lively start expected
20th Jul 2009 07:38
This week's likely to start where we left off on Friday, with decent gains on the back of a late recovery on Wall Street at the end of last week. Futures prices are currently indicating an early rise of about 30 points. Life insurance consolidator Resolution has insisted that any deal with Friends
Read moreCapital & Regional still under pressure
20th Jul 2009 07:32
Property fund manager Capital & Regional has seen further falls in the value of its portfolios in the last three months, though occupancy level were broadly unchanged. NAV of the 16.7% owned Mall fund fell by 9.3% to 23.8p between March and June. The 13.4% owned Junction fund NAV fell by 4.4% to 23
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