FTSE 250 movers: Auto Trader Group surges on broker intitiation, energy stocks lower
3rd Jul 2015 13:35
Mid-caps edged lower on Friday, with weakness in the oil, mining and telecommunications sectors providing a drag on the market. As of 15:15 BST, the FTSE 250 was trading 0.4% lower at 17,595. Auto Trader Group led the risers as Exane BNP Paribas initiated coverage with an 'outperform' rating, citing
Read moreGrainger appoints Helen Gordon as new CEO
30th Jun 2015 08:13
Residential group Grainger has appointed Helen Gordon as its new chief executive (CEO). Gordon, who currently global head of real estate asset management at Royal Bank of Scotland will join the company on 1 January next year, will replace outgoing CEO Andrew Cunningham, who will step down from his r
Read moreTuesday broker round-up
9th Jun 2015 07:52
Reed Elsevier: Barclays ups target price to 1,225p and lifts recommendation to overweight from equal-weight. HSBC Holdings: Investec reiterates hold and 620p target. Bernstein keeps target price at 650p. Goldman Sachs places estimates under review. Credit Suisse reiterates underperform and 580p targ
Read moreGrainger interims hit by one-off costs
14th May 2015 10:22
Several one-off costs saw interim pre-tax profit decline at residential company Grainger. The FTSE 250 group posted a pre-tax profit of £9.1m for the six months to 31 March, down from £49.8m in 2014 as the company fronted a host of exceptional costs, including an £18.2m impairment related to the fai
Read moreGrainger 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
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