Grainger sells stake in New Sovereign Reversion
5th May 2015 08:03
Residential group Grainger has reached an agreement to sell its stake in the New Sovereign Reversions Ltd portfolio for £18.5m. The London-listed company will sell its 50% interest in the portfolio, a joint venture with Moorfield Real Estate Fund II, to an affiliate of private equity group Lone Star
Read moreGrainger's CEO to step down in 2016
31st Mar 2015 08:23
Residential group Grainger confirmed that its chief executive, Andrew Cunningham, will step down from his role in February 2016. In a statement released on Tuesday, the FTSE 250 group said the board had already begun research for a replacement. Meanwhile, senior independent director Margaret Ford h
Read moreGrainger takes action to recoup Clifden shortfall
10th Mar 2015 07:10
Residential property owner and manager Grainger has taken action to attempt to recover monies owed from a recent disposal. Grainger, which sold Equity Release Increments Limited (ERIL) to Clifden Holdings in January, has appointed administrators at the company to which it sold the portfolio and agre
Read moreGrainger enjoys strong level of rental demand in the UK housing market
5th Feb 2015 09:07
Residential group Grainger has reported solid trading during the last four months, with a pipeline of sales of £102.3m and strong levels of rental demand in the UK market. Grainger spent £85m in acquisitions since the start of the financial year and increased its rents by 6.3% versus last year. Chi
Read moreGrainger acquires property portfolio for £58m
2nd Feb 2015 16:42
Residential group Grainger has agreed to buy a regional tenanted residential property portfolio from Sarunas Properties for £58m. The portfolio, which comprises 614 properties across Cambridgeshire, Greater Manchester, Lancashire, Cheshire, Derbyshire, Merseyside and Nottinghamshire, will bring the
Read moreSunday share tips: Smith & Nephew, Severn Trent, Grainger
1st Feb 2015 13:01
Buy shares of Smith & Nephew, Danny Fortson advised in the Sunday Times. The Inside the City columnist said shares of the maker of artificial hips and knees had surged after US rival Stryker said it was considering a bid. Smith & Nephew releases annual results on February 5th and the numbers are lik
Read moreGrainger's annual profits surge as portfolio outperforms market
20th Nov 2014 08:10
Annual profits at residential property owner and manager Grainger jumped by 26% as growth in the value of its portfolio significantly outperformed the wider market. The company also said it had made an "encouraging start" to the new financial year, though the run-up to the General Election next year
Read moreGrainger signs exclusive deal with Sigma Capital Group
10th Nov 2014 09:25
UK residential property owner and manager Grainger has signed an agreement with Sigma Capital Group granting the FTSE 250 company the exclusive option for an initial four-year term to acquire certain development opportunities. The residential and urban regeneration specialist has given Grainger the
Read moreGrainger sees profits rise, but sentiment dampened in housing market
6th Aug 2014 08:38
Residential property group Grainger said profits in the 10 months to July were up 20%, but noted a recent cooling of the UK housing market after a strong performance so far this year. While it still expected a continued outperformance of its assets compared to the wider market, it said that measure
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreFTSE 250 movers: Grainger rises on NAV increase
16th May 2014 14:14
Residential property owner and manager Grainger, the country's largest, climbed after saying it registered a net asset value (NAV) increase of 12.4 per cent to reach 272p over the six months ending on March 31st. Grainger was also lifted by Numis, which upgraded the stock from 'add' to 'buy', with a
Read moreGrainger sees 10.4 per cent rise in value of residential UK portfolio
16th May 2014 10:44
Residential property owner and manager Grainger, the country's largest, registered a net asset value (NAV) increase of 12.4 per cent to reach 272p over the six months ending on March 31st. Triple net asset value (NNNAV) grew 16.9% to 228p. It came on the heels of a continued outperformance by it
Read moreFriday broker round-up UPDATE
16th May 2014 08:23
Ashcourt Rowan: N+1 Singer initiates with a target price of 231p and a buy recommendation. Bioquell: N+1 Singer cuts target price from 157p to 112p and downgrades to hold. Boohoo.com: Jefferies initiates with a target price of 68p and a buy recommendation. Capital & Regional: Numis upgrades from
Read moreLondon midday: Markets flat as Ukraine crisis dampens risk appetite
17th Apr 2014 11:55
- Ukraine turmoil continues as clashes turn deadly - Investors cautious ahead of four-day weekend - US corporate earnings in focus - Diageo, Remy Cointreau dampen sentiment in beverage sector techMARK 2,660.88 +0.35% FTSE 100 6,581.75 -0.04% FTSE 250 15,833.37 +0.56% UK stocks were broadly flat on
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