London 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
Read moreGood Q1 progress at Helical Bar
21st Jul 2010 07:53
Property firm Helical Bar saw good operational progress across all areas in the first quarter to 30 June 2010 as it looks increasingly like the previous strong recovery in property values is stalling. "Whilst the outlook for commercial property remains uncertain, we believe that now is the right ti
Read moreHelical Bar Completed 15 Lettings In 1Q >HLCL.LN
21st Jul 2010 07:21
LONDON (Dow Jones)--Helical Bar PLC (HLCL.LN), a property development and investment company, said Wednesday there has been further evidence to support its view that the previous strong recovery in property values is stalling, and whilst it is actively considering a number of potential acquisitions
Read moreHelical Bar Buys Two London Sites For Undisclosed Sum >HLCL.LN
11th Jun 2010 09:02
LONDON (Dow Jones)--Helical Bar PLC (HLCL.LN), a property business, said Friday it has signed an option agreement to purchase the freehold of 1 Mitre Square, London, EC3 from Ansbacher and Co Ltd., together with a long leasehold interest of the adjacent site at International House, Creechurch Lane,
Read moreProperty slump hits Helical Bar
26th Nov 2009 07:48
Property developer and investor Helical Bar fell into losses in the six months to September 30 after the sharp downturn in property prices hit the value of its assets. It posted a pre-tax loss of £8.8m, compared with a profit of £12.7m over the same period the previous year. It was hit by a £6.2m w
Read moreHelical Bar sees pick-up in UK housing market
22nd Jul 2009 08:13
Property firm Helical Bar said it is starting to see 'much improved signs' in parts of the UK housing market but warned average property values continue to fall as rents decline. "Helical has seen an improvement in value in respect of properties let on long leases to tenants of undoubted covenant s
Read moreFY losses triple at Helical Bar
4th Jun 2009 07:35
Real estate specialist Helical Bar said annual pre-tax losses almost tripled after property write-downs but says it is extremely well positioned for the next twelve months. Loss before tax swelled to £71.9m in the year ended 31 March 2009 from a loss of £24.3m the year before. Net rental income fo
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