FTSE 250 movers: Grainger back in black
24th Nov 2011 16:22
Residential property firm Grainger reported a return to full year profit and is confident the residential market will provide good medium term opportunities. The residential landlord posted pre-tax profit of £26.1m in the year ended 30 September 2011 compared with a loss of £20.8m the same time a
Read moreLondon midday: Stocks seeking direction
24th Nov 2011 12:02
As was the case yesterday morning (before it all went downhill in the afternoon session), equities have endured a dull session in London. Footsie spent much of the morning in positive territory, largely on the strength of good showings by banks and miners. Gains might have been a bit more impress
Read moreGrainger back in the black
24th Nov 2011 07:11
Residential property firm Grainger reported a return to full year profit and is confident the residential market will provide good medium term opportunities. The residential landlord posted pre-tax profit of £26.1m in the year ended 30 September 2011 compared with a loss of £20.8m the same time a y
Read moreProperty sales rise at Grainger
13th Oct 2011 07:54
FTSE 250 residential property firm Grainger said it expects it expects sales from its UK residential and retirement solutions portfolios to be around £116m for the twelve months to 30 September 2011, up from £110m in 2010. Sales of other assets such as agricultural holdings will be approximately
Read moreFTSE 250 Movers: Mothercare plunges
5th Oct 2011 15:28
Mothercare, which also operates the Early Learning Centre brand, has seen its share price plummet 35.84% on news of a 9.6% decline in like-for-like sales in the UK in the last quarter. Investors seem unimpressed at a 4.9% boost in total group sales, including its fast growing international division
Read moreGrainger gets £890m in new financing
5th Oct 2011 08:31
Grainger, the FTSE 250 residential property firm, has agreed two new debt facilities. £840m will be provided by five major banks in what's called a Forward Start Facility, with another £50m raised with a firm called Partnership Assurance. The refinancing means Grainger's average cost of debt will
Read moreBroker tips: BBA Aviation, Hays, Grainger
11th Aug 2011 12:29
Charles Stanley has highlighted some short-term turbulence at BBA Aviation following the recent share price decline, but has kept its buy rating on the aviation support and aftermarkets services provider expecting long-term structural growth. "Given the downgrade to US [gross domestic product] grow
Read moreBroker snap: Peel Hunt ups NAV forecasts for Grainger
11th Aug 2011 12:26
Peel Hunt has reiterated its buy rating on Grainger, the FTSE 250 residential landlord, saying that the group's interim management statement released on Thursday showed "further resilient data". "Led by a management team which is delivering visible corporate deals to maximise value in a stagnant ho
Read moreGrainger sees cash boost from property sales
11th Aug 2011 07:04
Grainger the FTSE 250 property company has seen a drop in sales compared to the same period of 2010 and says the economy "continues to be subdued and we anticipate this will continue into the medium term." Total sales up to July were £148.7m compared to £154.8m for 2010 although Grainger points out
Read moreHammerson directors go shopping
10th Aug 2011 12:44
Two senior board members at Hammerson have both bought shares in the shopping centre operator, buying into weakness after a recent plummet in profits. Chief Executive David Atkins made a purchase of 16,000 shares at 404.2p per share, while Terry Duddy, the group's non-excutive director, purchased
Read moreFriday tips round-up: Grainger, Booker, SABMIller
20th May 2011 00:39
Grainger buys portfolios of occupied residential properties, takes the rents and, once they are vacated, sells them for development. Grainger's residential portfolio rose in value by 2.8% in the year to March 31, and operating profits before one-offs were up 234% to 59.4m. That discount would seem t
Read moreLondon close: Retail rise fails to boost Footsie
14th Apr 2011 16:40
There were big movements in both directions on Thursday, but stocks finished lower in spite of a strong showing from the retail sector. Shares in Reckitt Benckiser took a sharp dive after the FTSE 100-listed maker of household products announced the retirement of its chief executive Bart Becht. The
Read moreLondon midday: Reckitt and PZ Cussons lead declines
14th Apr 2011 12:11
Shares are moving in both directions on a busy day for company announcements, but the trend is firmly downwards. Shares in Reckitt Benckiser took a sharp dive after the FTSE 100-listed maker of household products announced the retirement of its chief executive Bart Becht. The Dutchman, who has bee
Read moreLondon open: Retailers advance after updates
14th Apr 2011 08:28
The top share index has moved slightly lower after yesterday's gains but retailers are on the rise as they update the market. Out-of-town home furnishings retailer Dunelm posted a fall in like-for-like sales in the quarter to 2 April and said conditions are likely to remain tough. However, it adde
Read moreGrainger resilient despite challenges
14th Apr 2011 07:28
Residential housing specialist Grainger said it expects completed sales from its UK portfolio in the six months to 31 March 2011 to be £89m from £88m the year before as tough economic conditions continue. The group, which is headquartered in Newcastle upon Tyne and manages properties in the UK and
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