London-centric Helical Bar returns to profit
25th May 2012 07:31
Not only did property development and investment firm Helical Bar swing back into the black in the year ended March 31st, it recorded profits well ahead of analysts' forecasts, helped by its increased London activities. Pre-tax profit totalled £7.4m, ahead of expectations of £6.4m and compared with
Read moreFriday preview: Helical Bar to return to profit
24th May 2012 16:00
If the weather holds, it might be a good day to take off unless you are a shareholder of commercial property firm Helical Bar, as there is not much else on the corporate agenda, and precious little economic data due out on Friday. In its February interim management statement, Helical Bar said it ha
Read moreTuesday tips round-up: Helical Bar, Highland Gold, Barclays
14th Feb 2012 06:58
In the Times the Tempus column runs the rule over property firm Helical Bar and decides it does not really measure up. In the last three months of last year 13 of the group's tenants went out of business or failed to renew their rents, cutting income by over £700,000, and there's the rub for inves
Read moreHelical Bar reveals 2011 loss
26th May 2011 07:19
Commercial property firm Helical Bar posted a full year pre-tax loss but maintained it had drawn a line under the difficulties of the last four years. The group's share of net rental income rose 19% to £17.8m for the year to 31 March 2011. Net gain on sale and revaluation of investment properties
Read moreHelical Bar raises £24m through disposals
11th Apr 2011 18:07
Property business Helical Bar has got the pruning shears out again as it continues to reshape its property portfolio. The company has raised £24m through five disposals made at a combined small discount to book value. The disposals are: St. Andrew's House in Woking; some phase 2 development land in
Read moreFTSE 250 movers: CPP drops after Barclaycard blow
11th Apr 2011 15:17
CPP has plummeted by over a tenth today after receiving a blow from Barclaycard. CPP, the identity theft and credit card insurer that is under investigation by the Financial Services Authority for certain issues surrounding the sale of its products in the UK, said that Barclaycard has decided to st
Read moreFidessa chairman reinvests past sale proceeds
10th Mar 2011 17:04
Fidessa chairman John Hamer has invested £327,000 in the financial software provider having sold shares last June for more than £3 a share less than his latest buying price. Hamer bought 20,000 shares at £16.35 each. This takes his stake to 35,594 shares. He has bought these shares early enough to
Read moreThursday tips round-up: Millennium & Copthorne, Morgan Crucible, Game Group
17th Feb 2011 06:35
Richard Hartman, chief executive of Millennium & Copthorne, said last May that he wanted to retire by the end of the year, but he was still there yesterday fielding questions on the hotel group's 2010 results. M&C is unusual in the sector because it owns most of its assets. The big five managed chai
Read moreFTSE 250 movers: Premier Foods extends gains
16th Feb 2011 14:36
Premier Foods is extending gains on yesterday's results after it announced that net debt fell £103m over the course of the year to £1,261m. However, total sales in 2010 eased to £2.57bn, from £2.66bn in 2009, a fall of 2.5%. Not far behind is Morgan Crucible, which set itself a target of doubling u
Read moreHelical 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
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