Grainger wary over housing market
8th Oct 2010 07:12
Residential housing specialist Grainger will see a sharp fall in property sales this year, with the group warning that the near term outlook for the UK housing market and the wider economy will continue to be challenging. Most of the fall is due to the completion and sale last year of a development
Read moreLondon afternoon: No sign of rally yet
11th Aug 2010 13:57
Expectations of a weak start on Wall Street have put the kybosh on any hopes of a recovery in London over the lunch time session, after leading shares endured a tough morning in the wake of downbeat statements from the Federal Reserve (last night) and the Bank of England (this morning). The Bank of
Read moreLondon midday: BoE adds to gloom
11th Aug 2010 12:08
London has lurched lower still after the Bank of England lowered its forecasts for economic growth in 2011 while raising inflation expectations. The Bank is now predicting economic growth of 2.5% in 2011, down from a previous forecast of 3.4%. He predicted that inflation would remain above the 2%
Read moreLondon open: Gloomy start for blue chips
11th Aug 2010 08:55
London has made a gloomy start after last night's disappointing assessment of the US economy by Federal Reserve policymakers. The Bank of England is expected to add to the gloom today if it cuts its estimate of UK growth as is being widely forecast. Only five blue chips are making headway this mo
Read moreGrainger upbeat despite slowing market
11th Aug 2010 07:16
Residential property firm Grainger said it is trading well, despite slowing house price growth in the last few months. The group said £49.4m of residential sales were completed during the four month period to 31 July 2010, taking total sales in the ten months to 31 July to £128.4m. A further £26
Read moreWednesday tips round-up: Halma, Chemring, Grainger
23rd Jun 2010 06:43
Halma, which specialises in hazard detection and "life protection" technology, looks in rude health itself these days, although it did have to undergo some painful cuts to get here. Its products include smoke detectors and safety sensors for lifts and automatic doors, water disinfection systems and
Read moreUK SMALLCAP ROUNDUP: Central African Gold Holders Sell Stakes
17th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CENTRAL AFRICAN GOLD PLC's (CAN.LN) shares soared Thursday after the gold mining and exploration company's three largest shareholders sold their stakes t
Read moreUK SMALLCAP ROUNDUP: Mulberry Keen To Bag First Chinese Store
17th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MULBERRY PLC (MUL.LN), a luxury fashion brand, Thursday said it is eyeing its first Chinese store, and anticipates opening its first shop in the region w
Read moreUK SMALLCAP ROUNDUP: Fairfield Energy Launches $500M IPO
17th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FAIRFIELD ENERGY PLC, an oil and gas company, Thursday said it intends to raise up to $500 million in an initial public offering in London to spend on de
Read moreGrainger In Sovereign Reversions JV Talks With Moorfield
17th Jun 2010 08:07
LONDON (Dow Jones)--U.K. residential property company Grainger PLC (GRI.LN) Thursday said it is in talks with fund manager Moorfield about setting up a joint venture with one of Moorfield's funds to become a funding partner in the equity release investments portfolio of its new acquisition. Grai
Read moreGrainger swings back to profit, to pay divi
20th May 2010 08:17
Residential property owner Grainger swung back into a pre-tax profit and said it will pay an interim dividend but warned its expects the economic environment to remain challenging. Commenting on trading conditions, chairman Robin Broadhurst said, "Although we anticipate that general economic condi
Read moreWednesday tips round-up: Vodafone, Grainger, 888
14th Apr 2010 05:56
Vodafone has got a grip on its own costs while grinding out cashflow in Europe and has invested in new internet services to retain customers. It also has enviable positions in growing emerging markets including Africa, where it owns 65pc of Vodacom, which has ambitions to expand further beyond its d
Read moreLondon open: Footsie slips back
13th Apr 2010 08:36
With market-moving company news thin on the ground, lower metals prices have been weighing on the mining sector, which is dragging Footsie lower. Antofagasta is the heaviest faller. Platinum specialist Lonmin and Kazakh duo ENRC and Kazakhmys are also weak. In economic news, the Royal Institution
Read moreLondon pre-open: Stocks to slip back
13th Apr 2010 07:36
Stocks are expected to be broadly lower in early dealings, with the retail sector coming into focus following upbeat March sales figures and a rise in profits from Debenhams. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, n
Read moreGrainger sales pick up
13th Apr 2010 07:11
Residential property owner Grainger expects to report a 42% jump in completed sales from its core and retirement solutions portfolio to about £78.5m in the six month ended 31 March. These completed sales include £5.2m of investment sales (sales with a tenant in place) and £14.9m of one-off sales of
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