Grainger takes further steps to exit German business
5th Feb 2016 08:08
(ShareCast News) - Grainger has sold its stake in its FRM German residential rented portfolio and its German business platform to Heitman for €124m (£94m). It followed the sale of its German joint venture with Heitman at the end of last year and is the another step in the FTSE 250 company's exit fro
Read moreGrainger buys Salford Quays site for £98.7m
1st Feb 2016 07:45
(ShareCast News) - Residential property owner and manager Grainger has exchanged contracts to buy Clippers Quay in Salford Quays, near Manchester, for around £98.7m. Grainger said the property, which will deliver 600 new private rented homes and commercial and amenity space, fits with the group's st
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreGrainger announces shift to focus on private rented sector
28th Jan 2016 09:46
(ShareCast News) - Residential landlord Grainger announced plans to invest over £850m in private sector rented assets as it looks to drive rental income growth and sell off its non-core operations. The company said on Thursday that it will sell Retirement Solutions and its business in Germany, a mov
Read moreTuesday newspaper share tips: Randgold best of the miners to weather the storm
5th Jan 2016 10:35
(ShareCast News) - With equity prices falling on the first trading day of 2016, gold is being seen as a safe option and The Telegraph's Questor believes Randgold Resources is the best of the gold miners to hold on to. In Tuesday's column, it said that the FTSE 100 company is the largest pure gold pl
Read moreGrainger to sell equity release division
4th Jan 2016 07:55
(ShareCast News) - Grainger was expecting a cash boost on Monday, with the announcement it was selling its equity release division. The FTSE 250 landlord - the UK's largest listed residential lessor - reported it had exchanged contracts with Turbo Group Holdings to sell its Retirement Solutions busi
Read moreGrainger buys property portfolio for GBP10.4m
28th Oct 2015 08:24
(ShareCast News) - Residential property owner and manager Grainger has acquired a residential property portfolio of 112 private rented sector (PRS) units for around £10.4m. The company said the portfolio comprises five sites located in Newcastle, Whitley Bay and Leeds, with an estimated rental value
Read moreGrainger appoints new finance director
20th Oct 2015 08:04
(ShareCast News) - Vanessa Simms has been appointed as the finance director of Grainger, the residential property owner confirmed on Tuesday. Simms, who has held the role of deputy chief financial officer at FTSE 250 group Unite since 2012, will step into her new role in the early spring of 2016, th
Read moreGrainger secures refinancing of loan facility
7th Oct 2015 08:02
(ShareCast News) - Residential property owner and manager Graigner has signed a refinancing of its Grainger Invest property portfolio bank facility with existing lenders, HSBC and Santander, reducing its cost and extending its maturity. The new £150m facility replaces the existing £120m facility and
Read morePrivate equity outfits eyeing potential bid for Grainger, report says
16th Aug 2015 16:56
(ShareCast News) - The pressure on the management team at Grainger to increase its payout to shareholders is growing as private equity groups run the rule over the outfit in preparation for a possible bid. According to The Sunday Times private equity outfits are studying both a possible full-scale t
Read moreLondon midday: Equities rise as PBoC defends yuan devaluation, Greek GDP grows
13th Aug 2015 11:29
(ShareCast News) - UK equities were on the front foot as China's central bank defended its devaluation of the yuan and as Greece delivered surprise economic growth in the second quarter. The People's Bank of China devalued the yuan for the third consecutive day on Thursday. The Bank set the parity r
Read moreGrainger to sell German assets, reports strong trading
13th Aug 2015 07:38
(ShareCast News) - Residential property group Grainger announced plans to sell its assets in Germany as part of a strategy to simplify the business and increase its focus on the UK market, as it said trading in the first ten months of this year was strong. The company has appointed investment bank L
Read moreGrainger signs new syndicated bank facility
7th Aug 2015 07:48
(ShareCast News) - Residential property owner Grainger has signed a planned refinancing of its syndicated bank facility, reducing its cost and extending its maturity. The company said the new £580m facility, which will represent 44% of total group facilities, will mature in August 2020, extended fro
Read moreSunday share tips: Astrazeneca, Galliford Try, Grainger
5th Jul 2015 13:56
Buy shares in Astrazeneca said Questor in the Sunday Telegraph. The London-listed company is one of the foremost developers of cancer treatments in the world, especially in the exciting new field of immuno-oncology, which use the body's own immune system to recognise and destroy cancer cells. Analys
Read moreSunday share tips: Astrazeneca, Galliford Try, Grainger
5th Jul 2015 13:56
Buy shares in Astrazeneca said Questor in the Sunday Telegraph. The London-listed company is one of the foremost developers of cancer treatments in the world, especially in the exciting new field of immuno-oncology, which use the body's own immune system to recognise and destroy cancer cells. Analys
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