Londonmetric announces special dividend, acquisition of five M&S Simply Food stores
2nd Jun 2015 08:30
Londonmetric Property unveiled a special dividend in its final results on the same day it announced the £26m acquisition of five M&S Simply Food stores. Thanks to the exceptional gains secured from the £138.8m sale of Carter Lane, the group was able to announce a special dividend of 2p per share. T
Read moreLondonmetric Property secures new £400m credit facility
2nd Apr 2015 09:07
Investment group Londonmetric Property has secured a new £400m-unsecured revolving credit facility, which replaced five existing secured debt facilities. The London-listed company said the new five-year facility, which could prolonged for an additional two years, could be extended to £500m and has a
Read moreLondonMetric focuses on retail in the third quarter
26th Jan 2015 10:17
LondonMetric continued to ride the e-commerce wave in the third quarter in a shift towards retail that the property investor expects to pay off in the coming year. The FTSE 250 company, which enjoys 99.5% occupancy in its core portfolio, said occupational and investment markets were continuing
Read moreLondonMetric acquires East London facility for £56.5m
20th Jan 2015 07:36
LondonMetric Property has acquired a East London distribution facility Eddie Stobart from Meaalofa Developments Holdings for £56.5m. The acquisition has brought LondonMetric's distribution portfolio up to £611.8m, which the group claimed now represents 46% of its total portfolio. Chief executive An
Read moreLondonmetric capitalising on strengthening markets
7th Aug 2014 12:04
Londonmetric Property has made further progress in developing its portfolio in the first quarter, with £77m invested since the end of the year, capitalising on strengthening markets and a 220 basis point yield arbitrage. Management said investment and occupational markets were strengthening and the
Read moreAdEPT boss trims stake with £0.35m share sale
16th Jul 2014 15:27
The boss of telecoms group AdEPT offloaded nearly £0.35m of stock on Wednesday, just a week after the company reported better-than-expected annual results. Ian Fishwick, AdEPT's Chief Executive Officer who founded the company in 2003, sold 290,000 shares at 120p a piece. The firm explained that th
Read moreLondonMetric JV to acquire Welsh retail park
3rd Jul 2014 09:32
LondonMetric Property on Thursday announced that its joint venture (JV) with Universities Superannuation Scheme (USS), known as Metric Income Plus Limited Partnership (MIPP), has agreed to acquire Trostre South Retail Park in Llanelli for £12.8m. The purchase price reflects a net yield of 6.8%. T
Read moreFTSE 250 movers: Broker comment pushes Dechra Pharma higher
11th Jun 2014 14:34
Investec helped Dechra Pharmaceuticals into the top 10 after reiterating its 'buy' rating and upping its target price from 787p to 842p. Online betting exchange Betfair thrashed analysts' full-year forecasts as management tackled the cost base and the introduction of a more traditional bookmaker's
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreFTSE 250 movers: Tullet Prebon jumps on CEO speculation
3rd Jun 2014 14:23
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset
Read moreLondon pre-open: FTSE to move lower ahead of Eurozone data
3rd Jun 2014 07:40
UK stocks are expected to reverse a significant portion of Monday's losses ahead of the release of the latest Eurozone inflation and unemployment rate figures later on today. City sources predict the FTSE 100 will open around seven points below yesterday's close of 6,864.10. That came after US st
Read moreLondonMetric boasts profitable year as liquidity returns to property market
3rd Jun 2014 07:13
- NAV up 11% to 121p - Portfolio uplift of 8.5% - Flat full year dividend of 7p Out-of-town retail and warehouse property group LondonMetric has reported a profit of £125.3m and says the market in the second half of the year has strengthened and rational pricing has returned across the UK. The FTS
Read moreLondonMetric acquires massive retail distribution site
1st Apr 2014 07:23
Property investor LondonMetric has acquired a midlands retail distribution centre outside London that is one of the largest pre-lets in the country. The real estate investment trust (REIT) exchanged contracts on the 1.06m square feet property for an anticipated £77m, which increased its distributi
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