London pre-open: Stocks to start higher with traders focused on oil, central banks
25th Jan 2016 07:22
(ShareCast News) - UK equities are seen starting the day on the front-foot following following another strong rebound on Wall Street last Friday and gains overnight on the main Asian bourses. All eyes are on the price of oil, as its crash is increasingly considered, alongside Chinese policy moves, a
Read moreLondonMetric JV sells three UK retail parks
13th Jan 2016 07:58
(ShareCast News) - LondonMetric Property's joint venture with Universities Superannuation Scheme, Metric Income Plus Limited Partnership, has sold its retail parks at Camborne, Haverhill and Bristol for £29.5m, reflecting a blended net initial yield of 5.8%. LondonMetric's share comes to £14.7m. Th
Read moreLondonMetric sells WH Smith warehouse for £18.2m
10th Dec 2015 08:31
(ShareCast News) - LondonMetric Property has exchanged contracts to sell its 210,000 square ft WH Smith distribution warehouse in Birmingham to a UK institution for £18.2m, reflecting a net initial yield of 5.2%. The property was bought in 2013 for £10.1m with 11 years remaining on the lease. The d
Read moreLondonMetric sells more retail assets
19th Oct 2015 07:30
(ShareCast News) - LondonMetric Property has offloaded more of its retail assets in deals worth a total of £32m. The FTSE 250 property company announced the sales on Monday, netting a total of £15m. It sold the DFS property in Enfield for £24.5m on behalf of its DFS joint venture, of which the comp
Read moreLondonMetric Property sells retail parks for over £40m
1st Oct 2015 07:29
(ShareCast News) - LondonMetric Property has sold two of its retail parks for £43.4m, it announced Thursday. The FTSE 250-listed company sold the Westcroft retail park in Milton Keynes for £27.2m and the Mountbatten retail park in Southampton for £16.2m. Both parks were purchased by large UK instit
Read moreLondonMetric sells facility in Northamptonshire
5th Aug 2015 09:24
(ShareCast News) - Property investment group LondonMetric Property has completed the sale of a distribution facility in Northamptonshire to an institutional investor for £29.2m. The property, located in Wellingborough, was acquired in 2009 for £19.6m and has delivered a 38% profit on cost, the FTSE
Read moreLondonmetric 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
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