Helical Bar fired up for more acquisitions
16th Feb 2011 07:20
Property business Helical Bar said it had made considerable progress in the last four months including its December placing of 10.7m shares which raised £29m to fund acquisition opportunities. During the four months to 31 January 2011 Helical said it completed 22 new lettings across the portfolio a
Read moreFTSE 250 movers: Ocado shares jump
1st Feb 2011 15:44
Ocado shares are on the surge after the online grocer announced it made a profit in the fourth quarter as a record number of customers pushed sales to an all-time high. Egypt-based miner Centamin rises higher following a reassuring statement over the impact of the current unrest in the country: "Th
Read moreHelical buys shopping centre
1st Feb 2011 12:47
Helical Bar is increasing its investment in retail property while selling part of its industrial portfolio. Helical Bar is buying the 140,000 square feet Sutton-in-Ashfield Shopping Centre in Leicestershire from LaSalle Investment Management for £16.1m. The initial yield on the purchase price is 8
Read moreHelical Bar deals worth over £40m
15th Dec 2010 07:53
Property investor Helical Bar is in deal mode, selling almost £23m of assets and buying Newmarket Shopping Centre in Suffolk for £17.75m. The company, which last week raised £29m from a placing at 270p a share, said the wheeling and dealing was in line with its strategy to increase cash flow within
Read moreLondon close: Footsie slips back on sluggish day
8th Dec 2010 16:56
Shares struggled to snap out of their earlier sluggishness all day, closing just a few points in the red. Bid-related activity was the main source of excitement. Medical devices group Smith & Nephew was swept more than 9% higher by talk of a possible acquisition. US private equity firms are though
Read moreLondon afternoon: Footsie loses grip
8th Dec 2010 15:19
The 5,800 level is under pressure as a weak start on Wall Street begins to drag London back into negative territory. Insurers Prudential, Aviva and Resolution are doing their best to keep the market's head above water, but losses in the mining sector - Rio Tinto, Randgold and Anglo American have fa
Read moreLondon midday: Retail stocks take centre stage
8th Dec 2010 12:08
Footsie is in sluggish mode today although there is some excitement among retail-related stocks. Figures from the British Retail Council show shop price inflation fell for the first time in five months in November as nervous retailers slashed prices to make sure shoppers splash out in the run-up to
Read moreLondon open: Blue chips head lower
8th Dec 2010 08:57
London has opened lower as a bullish mood in the US following a two-year extension to tax cuts faded by the close last night. Smith & Nephew is the best performer by some distance, while Royal Dutch Shell is also higher after an upgrade to equal-weight from underweight from Morgan Stanley. The dea
Read moreHelical Bar after extra financial firepower
8th Dec 2010 08:13
Property investment firm Helical Bar is raising money to fund "new compelling opportunities" in the real estate sector. The company, which received £28m from a placing in January 2009, has decided to sell up to 10.73m shares, worth almost £30m at last night's closing price of 277p. It says it's al
Read moreLondon close: Strong gains near the close
25th Nov 2010 16:48
Footsie closed the day healthily in the blue as investors got excited about shopping centre owners and other property groups. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, raced ahead after it put pen to paper to purchase Manchester's Traffo
Read moreLondon afternoon: US interest in Capital Shopping
25th Nov 2010 14:15
Footsie is more or less back to where it started the day after a quiet lunch time session, though investors continue to be excited about shopping centre owners. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen t
Read moreLondon midday: Footsie sluggish despite updates
25th Nov 2010 12:05
Footsie is in sluggish mode, and may remain so given that the US is closed for Thanksgiving, but there is plenty of company news for traders to digest. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purc
Read moreLondon open: Strong start for FTSE 100
25th Nov 2010 08:30
Shares have got off to a good start following a warm reception for company updates. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purchase Manchester's Trafford Centre in a deal worth £1.6bn. WS Atkin
Read moreHelical Bar posts operating profit
25th Nov 2010 07:20
Property investment firm Helical Bar posted an operating profit for the half year compared to a loss previously, maintained its dividend and is confident investment deals now will provide future trading profits. The group, which has over 1m sq ft of office developments in Central London, said for t
Read moreHelical Bar to finance joint venture in Central Europe
22nd Oct 2010 10:36
Property firm Helical Bar has signed a joint venture with industrial and real estate developer Thameling to develop pre-let warehouse and distribution properties in Central Europe. The joint venture will provide 'build-to-suit' small and medium size units within a park environment, together with la
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